Read remaining answer here. Furthermore, does the Army pay your mortgage?
The Army gives its soldiers a monthly housing allowance if they live off base. Although the Army normally does not provide soldiers with money specifically to buy a house, it does offer special pay that can be used for housing, whether the soldier is renting or buying.
is it smart to buy a house while in the military? To Summarize As a military member who needs to move every few years, you should only buy a house if it will make a good rental. This means it needs to pass the 1% rule test. If it doesn't, and you want to live there, rent it if you can. Read more about how I buy real estate from overseas while serving in the military.
Similarly, you may ask, what happens to my mortgage if I join the military?
Mortgage lenders may not foreclose, or seize property for a failure to pay a mortgage debt, while a service member is on active duty or within 90 days after the period of military service unless they have the approval of a court.
How much money does the military give you for housing?
After a congressionally mandated change, BAH rates were slowly reduced over time to sit at 5% below actual housing costs. That process was finished in 2019, when the nearly one million troops who receive BAH will absorb between $68 and $148 monthly. of their housing costs monthly.