People who serve our country deserve a few special perks for their dedication, including specific advantages when buying a Boston condo for sale. If you’re active or retired military and are looking to purchase a Boston Beacon Hill condo here are 5 benefits available for you to use.

1. VA Loans

The VA loan program is a useful tool that has helped many service members achieve the status of homeowner. VA loans have a variety of features for both active and retired military personnel, including:
  • Lenient lending requirements
  • No down payment
  • Reduced interest rates
  • No mortgage insurance
  • Reduced closing costs

2. Grants

There are grants available to assist active and retired military with the funds necessary to purchase a Boston condo. Programs like the Military Housing Assistance Fund (MHAF) gift funds to the buyer to reduce closing costs. The objective is to keep out-of-pocket expenses to a minimum.

3. Occupancy Exceptions

Mortgage loans require occupancy of the Boston condominium within an acceptable amount of time, usually 60 days. Exceptions are made for military personnel who are on active duty and cannot personally occupy the home. In these cases, a spouse or dependent child living in the home can satisfy the occupancy requirements.

4. BAH

Active duty military personnel receive a monthly housing allowance known as Basic Allowance for Housing, or BAH. Lenders can use this money as re-portable income. This is a valuable perk that can help Boston condo buyers in areas where housing is more expensive.

5. Protections from Financial Burdens

The Service members Civil Relief Act is an act that helps protect active duty military from the financial burdens of home ownership, including interest rates, tax payments, and foreclosure. This act can force lenders to seek a court order prior to foreclosure for individuals who are currently serving and for up to nine months after they complete their service. Veterans Affairs offers protection against foreclosure as well, working with lenders to find other options aside from foreclosure. Whether you’re current or ex-military or even a civilian, there’s much to love about living in the downtown Boston area. If you’re considering condos in Beacon Hill is an amazing place to live with a variety of options currently on the market. Get in touch with Ford Realty today to see what’s available and find the home of your dreams.

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Author Profile

John Ford
John Ford

Over the course of 20 years in the Boston downtown real estate market, John represented and sold numerous, condominiums, investment and development properties in Greater Boston and in the surrounding suburbs

In addition to representing Boston condo buyers and sellers, John is currently one of the most recognized Boston condo blog writers regarding Boston condominiums and residential real estate markets. John's insights and observations about the Boston condo market have been seen in a wide variety of the most established local & national media outlets including; Banker and Tradesman, Boston Magazine The Boston Globe, The Boston Herald and NewsWeek and Fortune magazine, among others.


For over 24 years, John Ford, of Ford Realty Inc., has been actively involved in the real estate industry. He started his career in commercial real estate with a national firm Spaulding & Slye and quickly realized that he had a passion for residential properties. In 1999, John entered the residential real estate market, and in 2000 John Started his own firm Ford Realty Inc. As a broker, his clients have come to love his fun, vivacious, and friendly attitude. He prides himself on bringing honesty and integrity to the entire home buying and selling process. In addition to helping buyers and sellers, he also works with rental clients. Whether you’re looking to purchase a new Boston condo or rent an apartment, you’ll quickly learn why John has a 97% closing rate.


Back Bay

Beacon Hill

Charles River Park


North End

South End

Seaport District

South Boston



Surrounding Communities of Boston
John Ford and his staff can be reached at 617-595-3712 or 617-720-5454. Please feel free to stop by John's Boston Beacon Hill office located at 137 Charles Street.

John Ford
Ford Realty Inc
137 Charles Street
Boston, Ma 02114



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