Naval Base Kitsap | 2010 Basic Allowance for Housing Rates

Of course once I wrote my post about when the BAH rates would be out I knew that Military.com would have it posted the day before. Here is my first post and then the link to Military.com with the PDF for all the states.

UPDATED: Click this link and it will take you to the Military.com site for BAH – be sure you remember to look at with or without dependents. Also, remember that the rate is most likely for your base and not the city where you might live. Look at your last LES for the correct Zip Code. This new rate will be reflected in your paycheck you receive on January 15th, which covers the pay period Jan 1st through January 15.

2010 Basic Allowance for Housing Rates

Well, it’s almost that time of year! How many times over the last few weeks have you seen the question posted on military boards across the net?

If you look in the right places you will always find the right answer. I don’t hold much stock in military boards when it comes to important information. I always make sure that I find the source is a .mil site. That way you know the information is correct.

Here is the link that gives the date -

Basic Allowance for Housing (BAH)

The Department of Defense, Per Diem, Travel and Transportation Allowance Committee page is one worth making a bookmark!

I will be writing about and posting the Naval Base Kitsap new rates as soon as they come out so be sure to check back!

Similar Posts

• Naval Base Kistap | BAH – Tax Breaks – HomeOwnership
• Tax Breaks with Tax Free Money – How is that Legal – BAH!!!
• Naval Base Kitsap |Online Relocation Package | IT’S YOUR PCS
• Naval Base Kitsap :: Certificate of Eligibility | VA Home Loan :: Have 30 Seconds?
• Naval Base Kitsap : VA Home Buyers
• Kitsap County 1st Time Buyers :: $7500 TAX CREDIT :: Bremerton, Silverdale, Naval Base Kitsap
• Naval Base Kitsap :: Use Your VA Guaranteed Home Loan for ZERO DOWN

Photo Credit:

U.S. Navy photo by Mass Communication Specialist 2nd Class Kevin L. Burleson (RELEASED)

Naval Base Kitsap | 2010 BAH Rates – Only 2 more Days

Well, it’s almost that time of year! How many times over the last few weeks have you seen the question posted on military boards across the net?

If you look in the right places you will always find the right answer.  I don’t hold much stock in military boards when it comes to important information. I always make sure that I find the source is a .mil site.  That way you know the information is correct.

Here is the link that gives the date -

Basic Allowance for Housing (BAH)

The Department of Defense, Per Diem, Travel and Transportation Allowance Committee page is one worth making a bookmark!

I will be writing about and posting the Naval Base Kitsap new rates as soon as they come out so be sure to check back!

Similar Posts

• Naval Base Kistap | BAH – Tax Breaks – HomeOwnership
• Tax Breaks with Tax Free Money – How is that Legal – BAH!!!
• Naval Base Kitsap |Online Relocation Package | IT’S YOUR PCS
• Naval Base Kitsap :: Certificate of Eligibility | VA Home Loan :: Have 30 Seconds?
• Naval Base Kitsap : VA Home Buyers
• Kitsap County 1st Time Buyers :: $7500 TAX CREDIT :: Bremerton, Silverdale, Naval Base Kitsap
• Naval Base Kitsap :: Use Your VA Guaranteed Home Loan for ZERO DOWN

Photo Credit:

U.S. Navy photo by Mass Communication Specialist 2nd Class Kevin L. Burleson (RELEASED)

Thanks to the Brave… We are the land of the FREE!

I found this video on Facebook with a request to share. So I am sharing. All of these videos and these holidays about our great country really cause me some emotion. My husband has spent two tours in Iraq, but before that he was in other places of the world fighting for freedom. Freedom is his occupation is what I like to say. He loves his country and loves the Navy and the Marine Corps. He has been shot at and blown up and I am sure some day he will have to deal with those things. TBI and IED are words in our vocabulary. Soon he will begin another 3 years of sea duty which means deployment. He will be headed to Camp Lejeune in North Carolina to run a BAS for the 2nd Marine Division. He is my hero and I miss him unbelievably when he is away. Well, darn I have got off track here – watch the video and say a prayer of thanks for all those that keep us FREE!

VA Home Loan | Kitsap County

I am sure you have heard all the doom and gloom from a million different news reports concerning the lending industry mess, how several loan programs once available are no longer, how zero down loan programs are almost non-existent and how hard it is right now if you have little to zero money available for a down payment.

But wait; are you a military member or a veteran? If you are the news isn’t as bad. With your VA Guaranteed Home Loan benefit you can still obtain a loan with no down payment and a fixed interest rate that is as good as or better than a conventional mortgage rate. This is the time for a VA Loan! What a great benefit to those of you that have served our country!

What is a VA Guaranteed Home Loan?

Many have the misconception that the military is the organization loaning the money. No they are not. Your VA Guaranteed Home Loan will be made by a private lender, such as your bank or a mortgage company of your choosing that has VA lending approval. The guaranty means the lender is protected if you fail to repay the loan. This is also why you will not have to pay private mortgage insurance (PMI) for a zero down loan (if you could find one). Normally a lender would require a down payment and/or PMI to obtain a loan, since the VA Home Loan has a guaranty which replaces these you will be able to obtain your loan without, but with the same financial terms as if you had made a down payment. The risk is removed for the lender when the VA gives them that guaranty.

Of course you still must meet income and debt requirements, your credit reports will be used and if there are items in your history that are derogatory you can be denied a loan even though you have your Certificate of Eligibility. The VA cannot demand a lender make a loan to you that would violate their lending practices. Lenders also must comply with the VA rules and policies when it comes to income and credit standards. Just having the benefit is not enough, you must be credit worthy. I will be writing an article about your credit – good, bad or ugly in a few days. You don’t have to have that perfect fico score, so check back.

If a lender is unwilling to approve you for a loan the only thing the VA can do is suggest that you try other lenders.

It could just be the perfect time for you to purchase a home with your VA benefits. Where else can a person get a 100% home loan these days?!

Posts of Interest

First Time Homebuyer

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Individual Area Real Estate Market Stats

• Port Orchard Real Estate | February Homes SOLD
• Port Orchard Real Estate | March Homes SOLD
• Port Orchard Real Estate | April Homes SOLD
• Bremerton Real Estate | February Homes SOLD
• Bremerton Real Estate | March Homes SOLD
• Bremerton Real Estate | April Homes SOLD

Kitsap Area Real Estate Market Stats

• Kitsap County Homes SOLD 2008 VS 2009 Year to date
• Kitsap County Real Estate Market Data 2007 vs 2008
• Bremerton Real Estate Market Data 2007 vs 2008
• Silverdale Real Estate Market Data 2007 vs 2008
• Port Orchard Real Estate Market Data 2007 vs 2008

Kitsap Real Estate FYI

• Kitsap County | Pending Sales | What a week
• Bremerton Real Estate | New Construction Homes
• Kitsap County Home Buyer’s | Closing Costs Paid by Seller

Naval Base Kitsap | As a Military Member do you Purchase a Home in this Market Climate?

Times have changed for all home buyers. The days of being able to receive very substantial market equity in a three year time span has all but disappeared in most areas. In the Kitsap County area we have been lucky that our market although slow and undergoing a huge price correction we haven’t been as hard hit as areas like Florida or California. However, we hear daily the horror stories of the housing market which has most active duty military wondering if now is the right time to buy.

Over the last 5 years we saw the active duty member feel comfortable purchasing even with a PCS due in a short three years because of the escalation of value in several markets. With that now gone what does an active duty member do? The decision to purchase is tougher today than it was.

But, with education, pro/con honest conversation and the help of several real estate experts you should be able to make the right decision.

So as a military member do you purchase a home?

It is a very complicated process which needs some investigation and education before making that decision. You should ask yourself some questions like these at the minimum.

These might be considered some of the “con” type questions.

• Do I have upfront money to buy a home?
• Can I get financing?
• Is my tour of duty going to be longer than 3 years before the next PCS?
• Will I have the opportunity to do another tour here or will I have an opportunity to come back?
• If I had to be a long distant landlord would I have the time or resources?
• Could I afford a property manager?
• What if I had to pay the mortgage for 2-3 months while the home is waiting for new renters?

These might be considered some of the “pro” type statements.

• Being VA eligible military members can still receive a ZERO down home loan.
• First time home buyers can receive a $8,000 credit from the Federal Government
• Under most circumstances the interest on a home loan is tax deductible (contact a CPA)
• Pride of home ownership is amazing.
• Building equity prior to retirement.

Do you own your home? Are you afraid of having to sell in 3, 4 or 5 years? If you are smart and do the right things then home ownership for a military member should not be scary!!!!

2009 NAVAL BASE KITSAP | BREMERTON | BANGOR | PSNS | NAVAL HOSPITAL BREMERTON

Posts of Interest

First Time Homebuyer

• $8,000 First Time Homebuyer Tax Credit | Who is Eligible in Kitsap County
• It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!
• $8,000 First Time Homebuyer Tax Credit | Want your money Now?

Naval Base Kitsap

• Naval Base Kistap | BAH – Tax Breaks – HomeOwnership
• Naval Base Kitsap | BAH Rates E6 | HomeOwnership | Yes you can!
• Naval Base Kitsap | Online Relocation Package | Week One – Take Charge | Know Your PCS
• Naval Base Kitsap | Turn your BAH into Home Ownership – Stop Renting
• Naval Base Kitsap :: Use Your VA Guaranteed Home Loan for ZERO DOWN

Individual Area Real Estate Market Stats

• Port Orchard Real Estate | February Homes SOLD
• Port Orchard Real Estate | March Homes SOLD
• Port Orchard Real Estate | April Homes SOLD
• Bremerton Real Estate | February Homes SOLD
• Bremerton Real Estate | March Homes SOLD
• Bremerton Real Estate | April Homes SOLD

Kitsap Area Real Estate Market Stats

• Kitsap County Homes SOLD 2008 VS 2009 Year to date
• Kitsap County Real Estate Market Data 2007 vs 2008
• Bremerton Real Estate Market Data 2007 vs 2008
• Silverdale Real Estate Market Data 2007 vs 2008
• Port Orchard Real Estate Market Data 2007 vs 2008

Kitsap Real Estate FYI

• Kitsap County | Pending Sales | What a week
• Bremerton Real Estate | New Construction Homes
• Kitsap County Home Buyer’s | Closing Costs Paid by Seller

SEARCH SOME LOCAL KITSAP COUNTY HOMES

Naval Base Kitsap | Tax Breaks with Tax Free Money – How is that Legal – BAH!!!

If you are in the United States Military and receive BAH (Basic Allowance for Housing) it is. This is a huge financial opportunity that not many Military members take advantage of for fear of the real estate market and the lack of education concerning real estate ownership.

The average homeowner receives tax breaks associated with home ownership. The yearly property taxes and yearly interest payments are tax deductible on their yearly tax return.

The average Military homeowner receives tax breaks associated with home ownership. The yearly property taxes and yearly interest payments are tax deductible on their yearly tax return, also. However, the Military member receives all of these tax breaks with tax free money since the basic housing allowance (BAH) is tax free. Wow! What an incentive to purchase a home while serving in the Military.

With tax season here and Military W-2′ being released (See MyPay release Schedule here) you should really take a hard look at your future financial picture. Are you taking advantage of all your Military benefits? Are you paying more taxes at the end of the year because you have no “tax shelter”, no way of filing the “long form”? Are you just coasting by blinded because you think it is too risky to purchase property while serving in the Military? If you need tax advice please seek a professional tax advisor.

If you can answer yes to several of these questions you really need to look deeper into the process of Military homeownership.

• Have you been saving for a home?
• Is your credit profile in good shape?
• Is the tour of duty longer than 2 years?
• Can you anticipate coming back to the area?
• Could you be a landlord if you needed?
• Can you budget two housing payments in the future?

Take a look at:  New 2009 BAH Rates Released | Naval Base Kitsap | Bremerton | Bangor | PSNS | Naval Hospital Bremerton and see the possibilities.

Currently in the West Sound area there are many homes that are still in a very affordable price range. See for yourself here. Search Naval Base Kitsap Homes for sale Now.

Check here for my Military Buyer Rebate Information. Yes, I do offer a “Military Discount” all you have to do is ask.

Other links for your interest:

Rent Vs Buy Calculator

Buyer’s Resources

Free Buyer Reports

Monthly Payment Calculator

Loan Programs

New 2009 BAH Rates Released | Naval Base Kitsap | Bremerton | Bangor | PSNS | Naval Hospital Bremerton

What are you doing with your BAH? Are you giving it to the PPV/Military Housing? Are you giving it to a landlord to pay THEIR mortgage? No matter what you are hearing in the media you have to remember that the market is different for everyone.  Here in the West Sound there are some amazing opportunities for home buyers.   You need to build for your future. Please call me today! As a military spouse I know what questions you have and can answer them for you from the perspective of a member of the military community – a true member.

Other links for your interest:

Rent Vs Buy Calculator

Buyer’s Resources

Free Buyer Reports

Monthly Payment Calculator

Loan Programs

SEARCH FOR WEST SOUND HOMES HERE

Inside Scoop | Looking for a New Home?

Are you looking to purchase a new home in Kitsap County? How about one in the area of Port Orchard?  If so I have some “scoop”.  Send me your email or give me a call and I can let you in on the secret.  If you are a VA buyer this offer could be worth $10,000 plus some closing costs. It is exciting!

It’s Official – 1st Time Homebuyers Receive $8,000 Tax Credit Windfall!

I want you to click on the photo of the CNN page to read the information about the new 1^st Time Homebuyer Tax Credit. This is awesome news for 1^st time homebuyers in the Kitsap County real estate market!

Are you sitting on the fence? Have you read the many horror stories across the nation? Well, remember real estate is local and here in the Kitsap County area we are in an amazing buyer’s market. It just might be the perfect time for you to purchase a home if you are a First-Time Home Buyer. Here is a nudge to get you into the housing market.

Read the article and make sure to read the scenario’s that CNN has listed

—————————————————————————————————————————

Final score: $8,000 for homebuyers

First-time purchasers get a tax credit windfall if they buy before December.

By Les Christie, CNNMoney.com staff writer

Last Updated: February 17, 2009: 12:13 PM ET

Scenario 1: Your final tax liability is normally $6,000. You’ve had taxes withheld from every paycheck and at the end of the year you’ve paid Uncle Sam $6,000. Since you’ve already paid him all you owe, you get the entire $8,000 tax credit as a refund check.

Scenario 2: Your final tax liability is $6,000, but you’ve overpaid by $1,000 through your payroll withholding. Normally you would get a $1,000 refund check. In this scenario, you get $9,000, the $8,000 credit plus the $1,000 you overpaid.

Scenario 3: Your final tax liability is $6,000, but you’ve underpaid through your payroll withholding by $1,000. Normally, you would have to write the IRS a $1,000 check. This time, the first $1,000 of the tax credit pays your bill, and you get the remaining $7,000 as a refund.

To qualify for the credit, the purchase must be made between Jan. 1, 2009 and Nov. 30, 2009. Buyers may not have owned a home for the past three years to qualify as “first time” buyer. They must also live in the house for at least three years, or they will be obligated to pay back the credit.

————————————————————————————————————————

If this sounds interesting to you why not give me a call so we can discuss it in more detail and I can get you in touch with one of my local lenders. I do not want you to think I am an expert in this area but I do have a network of mortgage lenders that are. You might also want to discuss this with your CPA. I am not allowed to practice law or give tax advice.

Bremerton Marina | The Lone Sailor | He’s HERE!

Watch Bremerton’s Lone Sailor Monument in Video Blogs |  View More Free Videos Online at Veoh.com

The “Lone Sailor Project” is over halfway funded and the casting has begun thanks to the support of the local community. It has been reported that all those donations under $100 are what has given the fund-raising project the boost to be able to boast over $210,000 in donations on the way to the $300,000 goal.  The casting has now begun….

I had no idea of the plans to bring a replica of “The Lone Sailor”
here to the Bremerton Marina! How exciting!! I was browsing the local newspaper
The Kitsap Sun and came across the article, ‘Lone Sailor’ Bound for Bremerton Marina. The title intrigued me because I am the spouse of a USN sailor. As soon as I opened the link I knew what this was about. I have been to the U.S. Navy Memorial in Washington D.C. I have stood next to this “Lone Sailor”! The “Lone Sailor” is one of the many focal points at the U.S. Navy Memorial that opened 20 years ago.

The Bremerton statue will be the 11^thduplicate of the original in D.C. The Navy League will be planning the  dedication ceremony so you will want to bookmark their site for the most current updates ==> Navy League of the US | Bremerton – Olympic Chapter. How exciting to have a “National Monument” here in Bremerton. The Navy League is asking for citizen input as to which direction the “Lone Sailor” should face so please go and VOTE. I voted for location number 1.

Have a fine Navy Day!!

Here I am in Washington D.C. August 2003 with the “Lone Sailor”

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