Skip to main content

New Study Details Active-Duty Military Homebuyer Trends

May 30, 2018
Fulton, Md.-based NewDay USA claims that it can approve many of the servicemembers and veterans who are denied on AUS

Active duty military personnel buying a home tend to be younger than the civilian population and put no money down on their purchase, according to the National Association of Realtors’ 2018 Veterans & Active Military Home Buyers Profile.
 
The new report found the median age for typical active-duty military personnel homebuyer was 34, compared to 42 for civilians. Active-duty military personnel homebuyers were also more likely to be married, have children and favor larger homes than their civilian counterparts. This demographic typically has lower median incomes ($84,000), albeit with more stable job security.
 
The report also found that 56 percent of active-duty military personnel and 41 percent of veterans put no money down when buying a home. Only seven percent of non-military buyers go that route. And when it comes to relocation, 82 percent of active-duty military personnel will move for their job, while 33 percent admitted they sought to profit from flipping their home and 11 percent were seeking a better neighborhood.

 
About the author
Published
May 30, 2018
STRATMOR, Teraverde Deal A 'Merger Of Equals'

The recent merger of mortgage advisory firms came without the need to lay people off or make any major staffing changes.

May 23, 2024
NEXA Pays Loan Officers 100% Of Commission Splits

LOs won't pay per-file fees or other hidden fees with NEXA100, says NEXA Founder and CEO Mike Kortas.

May 22, 2024
The Right Prescription

‘Doctor Loans’ making healthy strides in Florida

May 21, 2024
123 Newrez Employees Laid Off In Florida and Colorado

WARN Notices were filed the day after Computershare Mortgage Services, SLS acquisition closed.

May 07, 2024
Ishbia Predicts A Rate Cut By Election Day

CEO of United Wholesale Mortgage shares 'personal perspective' in new YouTube video

May 03, 2024
Yield Curve, Schmield Curve?

The yield curve is a harbinger, not the be-all, end-all for lenders.

May 02, 2024