Bill Would Boost Home-Loan Limits for Veterans

Think Spring!

Don't let the rain get you down...Spring on Cape Cod...Still one of the most beautiful in years!

Real Estate Open Houses on Cape Cod Updates:
Please join me for a day filled with open houses this coming weekend, Saturday, May 19th. The first is a home for sale in Dennis Port just 4 homes from Swan River. This home has been tastefully updated and offers instant access to summer fun!. This might be an ideal First Time Home Buyer property. You can get 97%, 100% to 105% financing with full documentation loan. These rates start as low as 5.375% Fixed for 30 years, if you qualify according to income limits. The second is a classic Cape Cod antique home for sale in move in condition. Imagine, a home built in 1780 that is rich with history that only requires new owners to claim this classic showpeice.

The Real Estate Company Supports the Troops

The Real Estate Company is proud to announce a new program for returning military personnel that have served in Iraq or Afganistan since September 11, 2001. The program will be for Cape Cod Veterans who are residents and will be purchasing their first home in the area we service. They can receive a donation from The Real Estate Company up to $8,000 at the time of closing. The Real Estate Company has offices in four Lower Cape Cod towns serving Yarmouth to Provincetown. It has been family owned and operated since 1981. Cape Cod Real Estate and Homeownership Program for Veterans

Bill Would Boost Home-Loan Limits for Veterans

New legislation introduced in Congress Wednesday would expand opportunities for U.S. veterans to purchase, build, repair, or improve a home by increasing their access to low-interest loans through the VA Home Loan Guaranty program.

The NATIONAL ASSOCIATION OF REALTORS® is endorsing the legislation, named the 21st Century G.I. Bill of Rights Act, which was brought forth by Sen. Hillary Rodham Clinton (D-N.Y.) and Rep. Patrick Murphy (D-Pa.).

“As the leading advocates for homeownership and affordable housing, REALTORS® have long supported policies that make housing more accessible and affordable for America’s veterans,” said NAR President Pat V. Combs, who joined Clinton and others at Wednesday’s announcement. “We strongly support efforts to improve housing benefits for all veterans, no matter where they live.”

Under the 21st Century G.I. Bill of Rights Act, veterans will be exempt from paying loan fees and will be able to access to low-interest VA loans for homes valued up to $625,000. The current program caps loans at $417,000.

The bill will guarantee eligibility to all service members — Active Duty, National Guard and Reserves — who have served since September 11, 2001.

“The G.I. Bill has helped millions of soldiers transition successfully to civilian life,” Sen. Clinton said. “Now it is time to update and modernize the G.I. Bill for the 21st century to meet the needs of today’s soldiers, veterans, and their families — from education to housing and microloans to start small businesses.”

She said this legislation is the “right way to invest in the future of our service members and reward the service they have given to our country.”

— REALTOR® Magazine Online

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