First off, thank your husband for his service and a big thank you also to your family for your service. As a veteran, I understand that military service is hard on the entire family.
Ok, you stated you lived in base housing and then stated your BAH is $1500. You would not be entitled to BAH if you are in quarters. That being said, now is an awesome time to buy. However, based on your situation, I don't feel comfortable trying to push you to buy. If your husband does re-enlist, then he more than likely will not be coming this way as a marine. Very few marine slots in San Antonio as this is not a marine city. Few exceptions include recruiters and some training and operational slots.
So, the dilemma you must ask yourselves is: Do we want to capitalize on the lowest interest rates in decades, to capture a home, even with the unknown future of separation versus re-enlistment?
If you buy now and do not move to San Antonio, then you would have to look at renting the home out. Based on lender, there are certain stipulations you may have to affirm to on occupancy, based on loan type. In other words, if you know you will not be occupying the home, that limits your loan choices and options. Though I'm a firm believer in home ownership, I think you need more answers for your family status and husbands service, before you embark on the purchase, so that you can do so with a solid goal.
If you need to discuss or need any assistance, please let me know.
Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
'Serving all Your Real Estate Needs'
I appreciate your referrals.
Century 21 United-Northside
As a "general" statement, you should purchase before your husband leaves the military if possible. Both incomes would be used to qualify. However certain restrictions are possible also such as does he have a projected discharge or retirement date....that would come into play in the mortgage side of the equation. Again, highly recommend you discuss with an experienced mortgage lender.
Royce Simmonds, Broker-Owner
Simmonds Group Real Estate Inc.
You will love BAMC for all your family medical needs, it is great!!
I am sure we will be able to find a home suitable for your family's needs. If you would like to contact me, I can provide you any information you need....
You can call me for all the details at 210-393-6187.
I would love to help you with this journey. I'm happy to send you more information on the buying process. Anything to help! Email me so I may send you the information.
Well, that really depends on what it is you want to do. I can tell you that at this point in time, if you qualify, there is really no better time to buy a home. The rates are ridiculously low and we have some really nice homes here in San Antonio. Of course, with your husband being in the military, you will be able to buy a home with a VA loan and that is a tremendous product.
I myself spent 21 years in the Army (I retired here) and my husband still serves. I bought a home every place I was stationed as I believe in home ownership and that it's better than renting. However, that being said, home ownership is a big step and there are many things to consider.
I would be happy to discuss with you your options if you like. I am quite sure you will get a Ton of responses here :). If you want to talk about your options, just give me a call or send me an e-mail. As you can probably imagine, I work with many military families :).
I look forward to hearing from you.
RealtorÂ®, ABR, e-PRO