- How does MHAF work?
We have assembled a network of agents and lenders who are experts in negotiating for concessions on behalf of military members. They are strong, experienced and passionate about fighting for every dollar our nation’s heroes deserve during their home buying process.
This highly-experienced, and highly-specialized network allows us to connect you with a team who will do everything they can to secure closing cost assistance funds for you during your home purchase.
To get started, you must submit an application here. Then, you will have an orientation conversation with an MHAF agent, who will explain the full and complete details of the MHAF program. Once that conversation has been completed, they will move your application to the next step and assign your lending team to get the pre-approval process completed. Once the pre-approval letter has been issued, you will be assigned a real estate agent in the area in which you are wanting to make your home purchase.
- How do I get my money?
Your agent will negotiate the best price for your home and for concessions to be used toward your actual closing costs from the seller. These concessions will be paid to you after your home purchase in the form of gift funds you receive from MHAF and will help toward covering parts or all of your closing costs.
Keep in mind, our program is designed to return gift funds to you, in the form of a reimbursement check after a home purchase. Like any other real estate purchase, you will be responsible for down payments, pre-paids, inspection fees, and earnest money.
- What money do I have to pay?
The program costs you nothing to utilize. The grant funds are free, never have to be repaid, and the services are completely free.
Once again, you will be responsible for down payments, pre-paids, inspection fees, and earnest money just as you would with any standard real estate purchase.
Our approved lenders will be very open and transparent with you about the costs associated with your home purchase, and any out-of-pocket fees you will have to cover during the home-buying process.
- Can you guarantee that I will get a certain amount of money?
We are unable to give you an exact number for your free gift funds because every real estate transaction is different. However, our entire organization is designed to keep your out-of-pocket costs to a minimum and your financial benefit to a maximum during your home buying process.
We have a very high success rate of our clients not having to contribute any of their own funds toward their actual closing costs, but we cannot promise this with every purchase. In many cases, you can end up with surplus funds from MHAF with which you can do as you please.
- What if I have bad credit?
While we can work with those who have credit issues, at the end of the day, it is important that you have the necessary credit capability that will allow you to qualify for a mortgage. Feel free to contact us, and you can speak with one of our no-pressure mortgage brokers about your situation.
- What if I already have an agent or a lender?
Our program works because the agents and lenders in our network have been trained to give extra assistance to our nation’s military heroes. Your entire team is focused toward an end goal of lowering your out of pocket expenditure as we help you navigate the home buying process.
As such, we cannot offer the same assistance and results if your real estate agent or lender are outside of our network and are not trained or approved to work with the program.
- What is your affiliation with the military?
MHAF is a fund of The Virtual Sports Academy, a 501 (c) (3) non-profit organization, formed in 2006 for exclusively charitable and educational purposes. The Virtual Sports Academy battles childhood obesity and educates the general public about health, fitness, and sports training through creating and providing professional sports training information and products at no cost to people of all income levels.
Through the Military Housing Assistance Fund (MHAF), The Virtual Sports Academy (VSA) is working to promote and assist home ownership in an effort to create strong, vibrant communities for our military families by inspiring lifestyle choices that encourage health and promote healthy neighborhoods and schools.
- Are you a non-profit?
We are not officially associated with any part of the US military or with any government benefit programs. We were privately founded by a military veteran/businessman who wanted to give back to the military community.
However, we have been invited by the Secretary Of Defense to be members of ‘America Supports You’ program, which is a network of organizations that support military families. Our services are available to members of the military, guard, reserve, civilian employees of the military and Veterans.
