Government Programs for Veterans Buying Homes

In addition to utilizing your VA benefits in purchasing a home, I can save you up to 20% on your mortgage payment by connecting you with a loan officer who is knowledgeable about VA loan programs as well as all of the Government programs that are available to help veterans buy affordable San Diego housing.

The most relevant first time home buyer program for veterans (to qualify as a first time home buyer you cannot have owned a property in 3 years) at this time is the Mortgage Credit Certificate program for San Diego city and county which is offering a 15–20% monthly mortgage payment savings.

This federally funded program gives first time home buyers a tax credit of 1 dollar for every dollar of tax liability.  This is probably one of the most flexible first time home buyer’s programs, you can use it to purchase any home or condo that is within the very liberal price guidelines of the program.

It is important in maximizing the benefits of this program to consult your tax professional who will help you to adjust your tax withholdings, which can actually increase your take home pay. The savings from the MCC program are in addition to the traditional tax benefits that you get for owning a home, specifically the tax deductions you receive from mortgage interest and property taxes.

The savings from this program will last for as long as you own your home.