Senior Series – Veterans’ Benefits When Selling or Buying a Home

Nikia Evans
2 days ago
2 min read

If you are a veteran—or the spouse of a veteran—there are unique benefits and resources available to help you when it’s time to sell your current home or purchase your next one. Many senior homeowners don’t realize just how much these programs can save them in costs and stress.

Here’s what you need to know:

🏡 VA Loan Benefits Still Apply

Even in retirement, veterans may still qualify for a VA Home Loan:

No down payment required
No Private Mortgage Insurance (PMI)
Competitive interest rates
Reusable benefit—you can use your VA eligibility again when buying your downsized home

👉 Surviving spouses may also be eligible for VA loans, depending on circumstances.

💸 Property Tax Exemptions

Many states, including Illinois and Indiana, offer property tax reductions or exemptions for veterans. These benefits can significantly lower your monthly housing costs after you downsize. For example, Illinois offers exemptions based on your disability rating.

🧾 Capital Gains and Disability Benefits

If you’re selling a home you’ve lived in for many years, you may already qualify for the capital gains tax exemption (up to $250,000 single / $500,000 married). Veterans receiving disability benefits may also be eligible for additional protections or tax relief when selling a home. Always consult with a trusted tax professional to maximize these advantages.

🏥 VA Housing Adaptation Grants

For veterans with service-connected disabilities, the VA offers:

Specially Adapted Housing (SAH) Grants – for major home modifications like ramps, widened doorways, or accessible bathrooms.
Special Housing Adaptation (SHA) Grants – for smaller adaptations that increase accessibility.

These grants can be used for your current home or a newly purchased property, helping you live safely and comfortably.

🤝 How I Support Veteran Clients

With over 18 years in real estate, I’ve had the honor of helping many veterans and their families navigate selling and buying homes. I connect my clients with trusted VA lenders, ensure you understand all available benefits, and guide you through each step—always with your best interest at heart.

📞 Are you a veteran or surviving spouse thinking of selling or downsizing?Let’s talk about how to make the most of your well-earned benefits. Call me today at 708-249-3393 or visit 🌐 www.LimitlessRealEstateInvestments.com.