If you’re active duty military or a family member of someone who is, understanding your housing options in Northwest Florida is crucial. With several military bases like Hulburt Field and Eglin Air Force Base, the area offers diverse options for military housing.
In this guide, we’ll cover everything you need to know, from military housing allowances, to what factors U.S. service members should consider when choosing the best place to live in Northwest Florida.
What is Basic Allowance for Housing (BAH)?
Basic Allowance for Housing (BAH) is a U.S. military benefit for active duty United States military members to help offset their housing costs. The rate is based on several factors including pay grades, dependency status, and local civilian housing markets.
Your BAH rate may cover all costs for on-base living. When it comes to off-base living, your basic allowance may cover part or all of your expenses depending on the price of your rent or mortgage, and how much you are receiving for military housing allowance.
You can check your BAH rates through the Defense Travel Management Office, which provides updated rates on an annual basis. Rates may vary per person and per family, but they are generally favorable due to the comparatively lower cost of living in Northwest Florida.
Purchasing a Home in the Military
Once you’ve calculated your Basic Allowance for Housing (BAH) and determined a budget for your property, the next step is to apply for a VA Home Loan. Veterans, active duty service members, and eligible dependents may qualify for a VA loan to purchase their property. VA loans offer many benefits, including the following:
- No down payment required
- The VA guarantees a portion of the loan
- No requirement for Private Mortgage Insurance (PMI)
- Low interest rates
- Limited closing costs
- Lifetime benefits, including the ability to use the Guaranty multiple times
To apply for a VA home loan, you must qualify under the eligibility requirements. If you meet the requirements, you can apply for a VA-backed home loan by requesting a Certificate of Eligibility (COE). You’ll need to show this certificate as proof to the lender that you are qualified for a VA loan.
Options for Military Housing in Northwest Florida
Living On Base
Many active-duty military and their families choose to live on base. On-base housing offers a host of benefits including convenience, security, and close access to amenities like military hospitals, community centers, and commissaries.
There are a number of military bases located in Northwest Florida. Naval Air Station Pensacola, Corry Station, Eglin Air Force Base, and Hurlburt Field are among a number of well-known bases in the area that provide government housing for those who are interested.
Living Off Base
If you prefer more freedom and access to a larger variety of amenities, finding housing off-base could be a great option for you. Cities like Mary Esther and Fort Walton Beach are excellent options for service members who want to live close to Eglin Air Force Base and Hurlburt Field.
From white sandy beaches to family-friendly attractions like parks, museums, and aquariums, there’s no shortage of activities you and your family can find in Northwest Florida.
Conclusion
There are plenty of great options out there for military housing in Northwest Florida. Once you’ve calculated your budget and received approval for your VA loan, all that remains is finding the right place to call home.
If you need help finding a property in Northwest Florida and want someone who has experience helping military members relocate, reach out to Rising Star Realty for all your real estate needs.
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