Maryland and Virginia Real Estate and Homes Blog

News and current information about the MD and VA real estate market.

Veterans Administration Loan Limit. BRAC in Maryland.

August 24th, 2008 by admin


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

BRAC Maryland

LOCAL COUNTY GOVERNMENTS’ ACTION PLANS FOR BRAC

POPULAR LOCATIONS

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. 

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This entry was posted on Sunday, August 24th, 2008 at 10:11 am and is filed under VA Loans. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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