Did basic Allowance for Housing Rates increase in 2023?

Yes, the Department of Defense has released the 2023 Basic Allowance for Housing rates. Basic Allowance for Housing rates were increased an average of 12.1 percent when the new rates took effect on January 1, 2023. An estimated $26.8 billion will be paid to approximately one million Service members. The significant increase in average BAH rates is reflective of the unique market conditions experienced across many locations nationwide over the past year. While average BAH rates increased substantially, different rental markets experience different market trends, and the 2023 BAH rates reflect those geographic market condition differences. https://securityamericamortgage-my.sharepoint.com/:x:/p/garrett/EWgp0TDrYEtNtsy6aPqsedUBsuTTAoh2LLxFJSx6X4femw?e=HAwS9F

Security America Mortgage, Inc

Security America Mortgage is one of the leading VA Home Loan Lenders in the nation; We are not a government agency. We pride ourselves on providing excellent customer service to ensure that each Veteran we serve ends up living happily ever after in the home of their dreams. This is a private website that is not affiliated with the U.S. government, U.S. Armed Forces, or Department of Veteran Affairs. U.S. government agencies have not reviewed this information. This site is not connected with any government agency.

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