The Military Homeowner’s Assistance Program for Fort Meade Homeowners

Sara Turner Commercial Business June 27, 2011 0

The Military Homeowners Assistance Program HAP program is designed to help mliitary homeowner’s at Fort Meade (and other bases nationwide) that purchased during the mortgage crisis, were later PCS assigned to a new base and were affected by a 10% or more decrease in the value of their home. Homeowner’s must meet specific criteria in order to apply for the program including

1. Permanent reassignment to a new duty station or home port outside a 50-mile radius of the member’s former duty station or home port.

2. Reassignment ordered between 1 February 2006 and 30 September 2010.

3. Property purchased (or contract to purchase signed) before 1 July 2006.

4. Must have a decline of at least a 10% home value loss from the date of purchase to date of sale.

5. Property was the primary residence of the owner

6. Owner has not previously received these benefit payments.

The benefits vary from partial mortgage pay off to FULL pay off of any mortgages used for the original acquisition for the property. HAP also pays for sale expenses including real estate commission, buyer closing help and normal closing costs for the military homeowner on some programs.

The HAP program presents some unique challenges on the sale of your home and you’ll want to choose an experienced agent to guide you through. If you are a military homeowner stationed near Fort Meade and you have questions about the HAP program contact The Fort Meade Homes Team for additional information. We’ve helped families obtain HAP benefits in excess of $100,000! We’d love to help you too.

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