Buying a home is an important decision based on your personal situation. You will want to ask yourself if you will be happy living in a home for the next several years. Will you be able to afford the payments and maintenance? Does the home fulfill your needs in terms of space now and in the future? Additionally, if you are thinking of buying a home in 2024, you will want to consider factors such as current mortgage rates, the housing market, and what are the best areas to buy in.
If you are eligible, the Veteran’s Affairs Administration (VA) offers one of the best financing options for a home purchase, enabling you to finance the property without having to pay monthly mortgage insurance or put any money down, meaning you might qualify for 100% financing of the sales price. Additionally, interest rates are typically about half percent (0.5%) lower than conventional loans.
To discuss how to make the smartest home-buying decisions in 2024, Sarah Bumgardner, AAFMAA Director of Partnerships and Member Engagement, spoke with Kevin Crooks, Business Development Manager, AAFMAA Mortgage Services LLC. Having spent more than 15 years in the mortgage industry, Crooks has personally helped hundreds of families realize their dream of home ownership. He earned a Bachelor of Science degree in Management from Tulane University. Crooks grew up in Jacksonville, NC with a Marine Corps Warrant Officer as a father, and he knows firsthand the commitment and sacrifice made by military families.
To learn all about the housing market in 2024 and your mortgage options, visit AAFMAA Mortgage Services and watch the discussion below.