By: Doug Witten, a retired U.S. Army Military Police officer and a REALTOR® with REALTY WORLD Knox Realty Group, LLC, serving buyers and sellers in the Fort Knox–Hardin County area.
For veterans and military families buying near Fort Knox, combining a VA home loan with a builder-funded interest-rate buydown can address two major obstacles: the cash needed to purchase and the monthly payment.
The VA benefit can help preserve your savings. The builder’s buydown can help reduce your payment. Together, they can strengthen your family’s financial position.
National builders understand that a home must fit the buyer’s monthly budget. Some contribute money toward mortgage financing to help secure a sale. When that incentive applies to VA financing, an eligible military buyer may gain both advantages in one transaction.
Here is how the combination can work.
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