VA Home Loans for Fort Riley Soldiers
About Fort Riley
Fort Riley, a United States Army installation located on over 100,000 acres in Northeast Kansas, has a rich history in America’s military presence dating back to its establishment in 1853. The fort was named for Major General Bennett C. Riley who led the first military escort along the Santa Fe Trail and was established as a military post to protect trade and people along the Oregon, California, and Santa Fe trails. It is also the site where Custer took charge of the 7th Calvary Regiment before departing for the West and the numerous campaigns they partook in. Fort Riley has been a vital key player in the wars since the 19th century and is once again home to The 1st Infantry Division of the US Army, after a 10 year relocation to Germany. The 1st Infantry Division or Big Red One, nicknamed after its shoulder patch, has seen continuous service since its organization in 1917 and was first home at the post from 1955-1996.
VA Loans for Fort Riley
If you're serving the Army and stationed at Fort Riley, you may be eligible for a VA Loan that will let you buy property. VA Loans are a great option for soldiers who know where they'd like to settle down and purchase a home. Your VA Loan can be used to buy property wherever you choose; just having active duty at Fort Riley is enough to qualify you.
VA Loans offer great benefits to active and non-active individuals serving in the U.S. Army. For one, zero down payment is required, and there is no payment for paying off the loan early. The loan may also be transferred and refinanced. Plus, no mortgage insurance is required for a VA Loan.
If you're stationed at Fort Riley and thinking about buying a home, work with a lender licensed and knowledgeable about the Northeastern Kansas Area, as well as VA Loans.
Using your BAH for a VA Loan
If you're not in government housing at Fort Riley, you may be offered a Basic Allowance Housing (BAH.) The amount you receive each month for your living expenses is based on the zip code of 66442 (Fort Riley's location), your pay grade as well as the number of dependents you have. You do not have to use your BAH to rent a home; you can apply this toward a monthly mortgage if you'd like to settle down in Fort Riley, KS.
