If you really want to know if you can buy a house in the Killeen/Ft. Hood, TX area, give me a call. I am a local REALTOR with over 8 years experience serving the needs of first time military home buyers. I help them reach their goal of home ownership. With BAH levels starting at $950 per month and going up to $1744 per month (with dependents), why wouldn't you buy a home and let Uncle Sam pay for it? You have to live somewhere so either you're paying someone else's mortgage or you can pay your own. Additionally, when purchased correctly, you can pay no down payment, get all your closing costs covered by the seller and pay less per month to own a home than you would to rent.
Consider this 3 bedroom, 2 bath home at 2103 Carousel in Killeen. At the asking price of $69,900 the payment to purchase this home would be under $620 per month (including principal, interest, taxes and insurance) at 5.75% fixed for 30 years. This is on a new VA loan with ZERO DOWN and we could probably get most, if not all, of the closing costs paid for you by the seller.
Now to rent a similar home in the same area is currently $775 to $795. So there's the answer to the first question we always get asked, "What will I do with the home when I leave the area?" This is a no brainer. Keep the house long-term as an investment and again, let Uncle Sam buy your house for you. Even with management fees, this is a positive cash flow situation, allowing the extra for any needed repairs, vacancies, etc.
The Fort Hood area is a great market for rentals. We always have families moving into the area. Nice, clean, well-kept homes like this are always in demand, and this particular house is literally minutes from the Fort Hood airfield gate.
Call or email me today and I will be happy to get you any information you would like on buying a home like the one shown. The deals are out there to be had, you just need to know where to find them, and that's where I come in. I know where to find them.
Richard W. Overall, Jr, REALTOR 254-394-6637 www.OverallRealtor.com Richard-Overall@hot.rr.com
I was raised in Killeen and I have seen many changes over the years. I've devoted my career to helping people just like you not only find a home in Central Texas but also feel at home in Killeen, TX.
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