Maryland and Virginia Real Estate and Homes Blog

MILITARY RELOCATION IN MARYLAND, Base Realignment and Closure (BRAC), challenges Maryland citizens and government to form an ACTION PLAN to help our active duty military and civilian individuals and families make reassignment as smooth as possible.  One BRAC study estimates that approximately 25,000 housing units, rentals and sales will be needed in Maryland over the next couple of years.

HOUSING IS THE FIRST NEED.  Locations for personnel relocation include the need for information about not only housing, but also schools, shopping, transportation alternatives, local municipal services and recreation.  The first need for military relocation is housing.  On base housing is often limited so relocating usually means that the family must locate a home that suits their family size and local needs, schools, transportation and more.

NEW HIGHER VA LOAN LIMIT.  The Veterans Administration has raised the loan limit for eligible home buyers, military and civilian, to $729,000 through December 31, 2008.  The new higher limit is set to expire end 2008.  Further announcement will be published by Homefinders.com when received.

BRAC Bases Impacted in Maryland
National Naval Medical Center, Bethesda
Fort Detrick
Fort Meade
Aberdeen Proving Ground
Andrews Air Force Base
Pax River Naval Air Station
Edgewood Arsenal

LOCAL COUNTY GOVERNMENTS’ ACTION PLANS FOR BRAC

• Anne Arundel County
• Baltimore County
• Harford County
• Howard County
• Prince George’s County
• Montgomery County
• Frederick County
• Cecil County
• Baltimore City
• LOCAL BRAC INFORMATION

POPULAR LOCATIONS

• Waldorf, MD in Charles County - Andrews AFB, Bolling AFB

FOR INFORMATION ABOUT HOMES IN A PARTICULAR AREA, contact Homefinders.com.  We are experienced with home sales and the real estate market in all areas of the Military Relocation needs of military and civilian military employed families. 

VA LOAN ELIGIBLE HOME BUYERS  
URGENT ANNOUNCEMENT - August 21, 2008 to December 31, 2008.

The increased limits in the general home loan program for all veterans’ home purchases or construction will be based on local housing costs, tied to the similar locality adjustments of the Federal Home Loan Mortgage Corp., Freddie Mac.

VA home loans are available for veterans to purchase or construct single-family homes, and to purchase condominiums or cooperative apartments.  There are about 2.3 million existing VA home loans, more than 90 percent made with no down payment.

The limit for Fannie Mae Loans in the Maryland and Northern Virginia real estate market is $729,000 in

For more information, contact Lenn Harley, Broker, Homefinders.com, 800-711-7988