Resource??

• Hi. I'm in the military and I am about two years away from retirement. I am currently stationed in Fort Polk but I want to purchase in San Antonio Texas, approximately 6 hours away.
  
  Because of the distance, I do not qualify for VA benefits (zero down), nor do I qualify for any program that would require owner/occupancy or primary residency.
  
  I also do not have the 20% down to pay on a house. However, my credit is outstanding and my debt ratio is in great condtion--I dont owe anything.
  
  I am not married, and I do not have immediate family that I would want to include on the mortgage.
  
  So, w/ the info above, I have two questions:
  
  1. Does anyone have any idea at all on how I could purchase? I do NOT want to wait until two years from now, when the interest rates and possibly the market might not be leaning toward the buyer as it is now.
  
  2. How can we get a conversation started w/ the legislators and/or realtors that would ask lawmakers for an allowance for Soldiers who are close to retirement which would enable us to take advantage of our benefits? We're really stuck between a rock and a hard place when we know where we want to retire, but cant purchase a house there until we are out of the Army.
  
  I'm not talking about someone who buys 5 or 10 years out...I just think that there should be a window for those who know where they want to retire.

  Jade 17 Jul 2009, 07:00 - Report

Understanding the Texas Housing Market