Incentives offered for veterans looking to buy home - FOX5 Vegas - KVVU


Incentives offered for veterans looking to buy home

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The American dream of owning a home hasn't been a reality for enough returning veterans, but Valley cities are working to keep the promise to military men and women by offering some big incentives for veterans looking to buy a home.

"G-II" Varrato runs the Phoenix chapter of the Veteran's Association of Real Estate Professionals.

"It's difficult for me to understand how industry professionals don't advocate more for veterans to use their benefits that they don't even know about," Varrato said.

As a realtor, he's seen it. As an advocate for veterans' housing, he's doing what he can to get the word out. There doesn't have to be any delay to closing VA home loans and there's more grant money for the taking than you may realize.

Aside from federal grants, veterans meeting some basic income-need requirements can apply for almost two dozen municipal grants and loans, ranging from no down payment, no closing costs, to $15,000 to $35,000 grants and up to $68,000 in matching funds.

"I'm a retired Air Force myself. We did our job. We are doing our job. It is time for the community, and the cities understand that and the municipalities understand that, to help us get on our feet, help us become part of society, productive parts of society and own a home. That's what we want to do," Varrato said.

He said not enough veterans apply for the money, sometimes the grants go untouched.

Varrato's Phoenix chapter is going to Washington, DC next month to meet with the chairmen of the House and Senate Committees on Veterans Affairs to push for more housing help for veterans.

The Veterans Housing Summit is Saturday from 9 a.m. to 1 p.m. at the Sheraton in downtown Phoenix.

It is free. Be sure to bring the following forms:

  • Last three years of tax returns
  • Two years of W-2 forms
  • Last month's pay stubs
  • Two months of bank statements and 401K
  • Photo identification
  • A copy of your DD-214, your military release papers

Click here for more details.

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