1. Who qualifies as an eligible veteran for this program?

Any VA Home Loan eligible personnel! To qualify, the service member must have a clean DD214 form showing an Honorable or Other than Honorable Discharge; the rebate is available regardless of whether you use VA loan entitlement.

2.Is there a specific time frame during which I must have served to qualify?

There is no required time frame for military service to be eligible for this program.

3. Do I need to provide documentation of my military service?

Yes, you must provide the Service Member’s DD214 form as proof of military service.

4. Are there any income limits to qualify for the incentive?

There are no income limits to qualify for this incentive.

5. Can this program be combined with other homebuyer assistance programs?

Yes, if eligible you can ask our trusted advisors to show you how to combine this program with other available homebuyer assistance programs.

6. Is there a specific type of home I must purchase to be eligible?

There is no specific type of home required; you may purchase any eligible property.

7. Is there a limit on the purchase price of the home?

Yes, the home must have a minimum purchase price of $300,000.

8. Are there any geographic restrictions for the homes eligible under this program?

The program is only available in participating states.

9. How will the up to $4,500 credit be applied during the closing process?

The $4,500 credit will be applied directly to the buyer at closing.

10. Do I need to pay any fees to apply for the program?

No, there are no fees required to apply for this program.

11. Are there any specific lenders that I must work with to qualify for the program?

Yes, you must work with Owning Your House trusted advisors to qualify for the program.

12. What happens if the home purchase falls through after I’ve applied?

If the purchase does not close, the credit will not be applied, as it only becomes available at closing.

13. Will this credit affect my ability to qualify for a mortgage?

No, receiving this credit will not affect your ability to qualify for a mortgage.

14. What types of homes are included (e.g., single-family, multi-family, condos)?

The program includes all types of homes, such as single-family, multi-family, and condos, as long as they meet other eligibility criteria.

15. Is this program only for first-time homebuyers?

No.

16. How do I apply for the program?

You can apply for the program through the official website.

17. Is there a deadline for applying for the incentive?

No, there is no deadline for applying; the incentive is available upfront.

18. Will I need to attend any additional classes or seminars to qualify?

No, you do not need to attend any additional classes or seminars to qualify.

19. Can I use the incentive for new construction homes?

Yes, you may use the incentive for new construction homes.

20. Are there any restrictions on the use of the home after purchase?

There are no restrictions from the program, but you should check for any deed restrictions or local regulations.

21. What documentation will I receive to confirm the credit at closing?

You will receive a closing disclosure confirming the credit at closing.

22. Will my credit score affect my eligibility for the incentive?

No, your credit score does not affect your eligibility for the incentive.

23. Can I receive the credit if I purchase a home from a family member?

Yes, you can receive the credit if you use the program’s trusted advisors and purchase from a family member.

24. Can the $4,500 be used towards closing costs?

  Yes, the $4,500 can be used towards closing costs.

25. Are there any specific forms or applications I need to complete?

You will need to complete eligibility verification and a credit application with the program’s trusted advisors.