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DoD Homeowners Assistance Program
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Military families stationed at Fort Belvoir, the Pentagon, Quantico and other Military District of Washington installations who purchased a home prior to July 1, 2006 may find that Homeowner Assistance Program (HAP) may offer some relief if you have upcoming PCS orders to move. The official guidelines for the program are expecting to be released soon and already the counselors for our area indicate they have over 1800 applications waiting. One of the requirements for application for HAP benefits is to be actively marketing your home for sale.
The HAP program is aimed towards helping:
Active Duty Military Personnel with PCS orders who are upside down on their mortgage Wounded soldiers who must relocate due to medical conditions (wounded after 9/1/2001) Surviving Spouses (death of military member after 9/1/2001)
According to the Homeowners Assistance Program information the Department of Defense (DoD) will reimburse the covered groups up to 90% of their loss if their homes was purchased prior to July 1 2006. Each covered group may have different percentages covered which the final regulations will outline.
If you live in Northern Virginia and you are anticipating PCS orders this summer and you qualify for HAP, now is the time to start gathering your documents. You may call the HAP Field Office for our area (located in Savannah) at 800-861-8144 for additional information but you may find that due to the volume of calls that you might not be able to speak to a counselor at this time.
If you are looking for an agent to market your home who is already working with families applying for HAP benefits give the Cindy Jones team a call at 703-346-2213.
Download information on how to apply for the HAP program. |
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