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Occupancy requirements for a VA home loan to purchase near Fort Meade Maryland

Dated: February 27 2020

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Occupancy requirements for a VA home loan to purchase near Fort Meade Maryland

 

Single or married service members, while deployed from their permanent Duty station, are considered to be in temporary Duty status or TDY and unable to meet the occupancy requirement. This is true without regard to whether or not a spouse will be able to occupy the property part prior to the veterans return from deployment.

Other types of occupancy

Types of occupancy include:

 occupancy after retirement - if the veteran states that he or she will retire within 12 months and once a loan to purchase a home in the retirement location:

  •  Verify the veterans eligibility for retirement on the specified date.

  •  carefully consider the application income after requirement.

Delayed occupancy for repairs/improvements: Home Improvement or refinancing loans for extensive changes to the property which will prevent the veteran from occupying the property while the work is being completed, constitutes exceptions to the” reasonable time” requirement. The veteran must certify that he or she intends to occupy or reoccupy the property as a home upon completion of substantial Improvement or repairs.

Intermittent occupancy - the veteran need not maintain a physical Presence at the property on a daily basis. However, as occupancy” as the veterans home” implies that he or she that the home is located within a reasonable proximity of the veterans place of employment.

Unusual occupancy circumstances hisun please check with VA Regional Loan Center for any occupancy circumstances that do not fit these criterias.

Maryland Realtor® | Veteran | eXp Realty | Director of Government Affairs Annapolis

Fort Meade MD Realtor Skip Young Realtor for your Military move!

Military Families Matter!

Waldorf MD Realtor - Skip Young Being very fortunate enough to have a father in the Navy who was stationed in Hawaii for 18 years, I was able to grow up as a military child with only two duty stations. After leaving Hawaii’s Barbers Point, our PCS was to San Diego. After Skip Young's father’s retirement from the Navy my father decided to return back home to the state of Maryland. I was taught the disciplines of a Military Son. If your reading my Bio here you will understand.

US Army Ranger

I myself then signed up for the Army because I knew in my heart serving my country was the first step in manhood. I left Baltimore MEPS and headed for Fort. Benning GA. Infantry training began, then Airborne school and then Ranger Indoctrination Program RIP. Yes this was the Black Berets that came and got me from graduation of Airborne school. The rest of the story is I ended up at 1st Ranger Battalion at Hunter Army Airfield. I can go no further than this at this point. I served my country from 91 -94.

While in Ranger Battalion I was trained on Motorcycles during Airfield Seizures, I had taken my bike for training at Ft. Stewart GA  where a POV pulled out in front of me. I was then removed from Battalion and took up duties on base that would allow the repairs to my knee to heal. Jobs such as maintaining the Gym, Hunter Army Airfield Reporter, and my final job was to drive General De Fransisco I performed duties on Hunter Army Airfield just like a Ranger would and it showed.

I returned to my home state of the Hawaii and was assigned to the 25th Infantry Division while there I served out my term and received a disability rating and returned home to Maryland.

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Skip Young

Waldorf MD Homes for Sale Are you are stationed here and are looking to purchase or sell a home please contact Skip Young Realtor®: Marine Barracks Joint Base Anacostia-Bolling PSD Washington, DC....

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