Benefits & Services » Housing
Other Housing Resources
Fisher House (Comfort Home for Military Families with Hospitalized Loved One)
Fisher Houses provide military families housing close to a loved one during hospitalization for an illness, disease or injury.
There are over 60 Fisher House homes located at major military and VA medical centers nationwide, close to the medical center or hospital they serve. Fisher Houses have up to 21 suites, with private bedrooms and baths. Families share a common kitchen, laundry facilities, a warm dining room and an inviting living room. Fisher House Foundation ensures that there is never a lodging fee. Criteria established locally by hospital or installation
Fisher House also offers the Hero Miles travel and Hotels Heroes lodging programs.
External Website: Fisher House
Habitat for Humanity "Veterans Build"
Habitat for Humanity's "Veterans Build" is a national initiative to provide housing solutions and volunteer and employment opportunities to U.S. veterans, military service members and their families.
Why is Habitat for Humanity focusing on veteran needs?
- Nearly 4 million veteran households pay more than 30 percent of income for housing.
- More than 1.5 million of these households pay more than 50 percent of income for housing (severe cost burden).
- Nearly 1 million veterans who own homes are severely cost burdened, despite having access to VA loans and other assistance.
- A substantial subset of veterans struggles economically. Approximately 1.4 million veterans (6.7 percent) live in poverty.
External Website: Habitat for Humanity
True Costs of Home Ownership
This quick Veterans Benefits Administration video highlights the not-so-obvious costs of purchasing a home that need to be budgeted so there are not unexpected and unaffordable surprises.
External Website: You Tube
VA Financing & Mortgages Options
This article explains the type of loans the Veterans Administration guarantees. There are two basic types of loans with two additional options that are appealing to servicemembers with special financial goals: fixed and adjustable rate mortgage loans.
External Website: Military.com
VA Federal Benefits for Veterans, Dependents and Survivors (2016 Edition)
Chapter 3, Home-Loan-Guaranty, of the VA Federal Benefits for Veteraans, Dependents and Survivors reviews VA home loan guaranty uses, eligibility, payments and other related topics. VA home loans are issued to help eligible Servicemembers, veterans, Reservists, National Guard members, and certain surviving spouses.
A VA guaranty helps protect lenders from loss if the borrower fails to repay the loan. It can be used to obtain a loan to:
Buy or build a home.
Buy a residential condominium unit.
Repair, alter, or improve a residence owned by the Veteran and occupied as a home.
Refinance an existing home loan.
Buy a manufactured home and/or lot.
Install a solar heating or cooling system or other energy-efficient improvements.