Veteran Homeowner Benefits

In honor of Veterans Day, I wanted to share two benefits for veteran homeowners.

The first is the VA loan. The VA loan has many advantages with the most well-known is that no down payment from the buyer is needed. Even with 0% down, the VA loan does not require private mortgage insurance (PMI) which could save thousands of dollars per year. The interest rate is also typically lower than other loans. The VA loan is a lifetime benefit and can be used multiple times.

United States military veterans with a 100% VA disability or unemployability rating due to a service-connected injury or the unmarried surviving spouse, may be eligible for property tax savings on their primary residence. It is a one-time filing, as long as it remains your primary residence. The County of San Diego quick and easy filing process takes 15 minutes and requires your VA rating letter and DD-214 to qualify.

If you are already receiving your Disabled Veterans Exemption, it will be reflected on your property tax bill in the upper-right corner under section “Exemptions” with a reduction for “Other.” Watch this video to learn more.