Active Service Military Buying Homes at a Rapid Rate

Market News

The National Association of Realtors®’ recently released Veterans & Active Military Home Buyers and Sellers Profile reports that active duty military buyers between the ages of 18 and 35 are buying homes at a significantly greater rate than the civilian population: 51 percent as compared to 34 percent.

While their median income tends to be lower – $76,800 – job security and no down payment load options make buying possible. Moreover, military personnel tend to marry and raise a family at a younger age and carry much less student debt, both making purchasing a home more desirable and achievable.

Finally, Veterans Affairs loans offer 100 percent financing for both veterans and active-service home buyers.