Benefits of a BAH

If you are an active military member a mortgage term you should familiarize yourself with is Basic Allowance for Housing (BAH). A BAH can provide uniformed service members equitable housing compensation based on housing costs in local civilian housing markets within the United States when government quarters are not provided.

Housing allowances have the potential to help defray or entirely cover monthly mortgage payments and mortgage lenders can count on BAH’s to assist as an effective income towards qualifying mortgages.

Do you qualify? A member with permanent duty within the 50 United States, who is not furnished government housing, is eligible for Basic Allowance for Housing. If you have any questions regarding BAH’s do not hesitate to contact America’s Moneyline today!

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America’s Moneyline, Inc., Department of Veterans Affairs Lender ID: 905394000, is licensed Alabama Mortgage Broker License #22827; Alaska Mortgage Broker/Lender License #AK1895842; Arizona Mortgage Broker License # 1004595; California DBO Finance Lenders Law License 60DBO-110966; California Department of Real Estate Corporation License Endorsement # 02088717; Colorado Mortgage Company Registration; District of Columbia Mortgage Dual Authority License #MLB1895842; Florida Mortgage Broker License # MBR3314; Hawaii Mortgage Loan Originator Company License #HI-1895842; Idaho Mortgage Broker/Lender License # MBL-2081895842; Kentucky Mortgage Broker License # MB707634; Maryland Mortgage Lender License # 06-24223; Michigan 1st Mortgage Broker License # FL0022813; Montana Mortgage Broker License #1895842; Nebraska Mortgage Banker License #1895842; Nevada License #5084; New Jersey Residential Mortgage Broker License; New Mexico Broker License #1895842; North Carolina Broker License #B-189559; Oklahoma Mortgage Broker License # MB012842; Oregon Mortgage Lending License # ML-5883; Pennsylvania Mortgage lender License #79495; South Carolina Mortgage Broker License #1895842; Tennessee Mortgage License # 206518; Texas – SML Mortgage Company License; Virginia Broker License # MC-7026; West Virginia Mortgage Broker License # MB-1895842. Nationwide Mortgage License System License #1895842. Licensing Information can be viewed at www.nmlsconsumeraccess.org. There is no substitute for a Loan Estimate. America’s Moneyline Inc., is an approved VA Lender. VA Lender ID 90-5394000.

State of Texas – Consumer Compliant Notice: Figure: 7 TAC §80.200(b) “CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550. THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.”