Millennial Veterans Prefer To Buy Homes In South Florida

An investigation by Veterans United Home Loans reported that the south florida homes are preferred by millennial veterans.

By MiamiDiario Newsroom

According to the study carried out by Veterans United Home Loans, millennial veterans and service members prefer to purchase homes and spend the rest of their lives in the south floridaHe stressed sun-sentinel.com.

The millennial veterans or service members They are qualified in the research as people who were born between 1981 and 1996.

Another piece of research data indicates that the metropolitan area of Miami-Fort Lauderdale-Pompano Beach occupies the sixth position Nationwide as the area most selected by millennial veterans to buy houses.

To carry out the analysis, the company - a specialist in loans for veterans based in Missouri - studied the VA loan amount they performed for millennial veterans in the 2018 and compared it with the loans granted in the 2015. Then they made a list of cities according to the growth of the loans given for the purchase of VA. In this category classified three locations in Florida.

The number one city in Florida where millennial veterans shop the most is Jacksonville, where the median home purchase price among this group of buyers was $238,066. Second place was taken by Petersburg and the third was San Antonio.

The report noted that the average price shopping in the south florida among millennial veterans was U.S. dollar 316.611.

According to the education director of Veterans United Home Loans, Chris Birk, "South Florida has much to offer veterans and military families, from cultural amenities and lifestyle to a strong economy with relatively low unemployment."

The research asserted that millennial veterans enjoy the benefits of loans from the United States Department of Veterans AffairsThese allow qualified buyers to purchase homes with no down payment and no mortgage insurance.

1944 from the United States Department of Veterans Affairs has helped service members, veterans and their families become become owners through its loan program instead of a conventional mortgage.