We know that you have a lot of questions about what a military housing assistance program can do for you, or if you are even qualified for one. So, we have answered some of the basic questions for your right here:
What is “HAP?” HAP is the Homeowners Assistance Program. It was created to help military members avoid a loss when selling their house.
How does the housings assistance program work? The Department of Defense has used $555 million from the Recovery Act funds to reimburse employees up to 90% of the price they paid for a primary residence when selling that residence in a private sale.
How do I qualify? You qualify to apply to the Pentagon’s housing assistance program if you are one of the following:
1. A military personal moving to a new base
2. A wounded service member who needs to move for treatment
3. A surviving spouse of a service member killed while deployed
Am I allowed to appeal an appraisal? Yes. However, it must be written and submitted to the executing district for review.
Is there foreclosure assistance? Yes. You will be assisted after the foreclosure and some cost may be recovered.
US Military, Photo by Gertrud Zach
Do I need a good credit score? It’s always better to keep your credit score up, but there is no minimum credit score needed to receive housing assistance.
Where do I go if I have more questions? We are happy to help you out and answer more of your questions about a military housings assistance program or you can also go to hap.usace.army.mil.
We know it is all a daunting task, so please let us know what we can do to help you.
Sources:
http://hap.usace.army.mil
http://recovery.gov/news/featured/documents/HAP_Expansion_Brief_12_Nov-09[1].pdf
http://recovery.gov/news/featured/pages/HousingAssistanceForMilitaryAndTheirFamilies.aspx