Owning a home in Hawaii has financial benefits. Property is limited in Hawaii especially on the island of Oahu which increases demand and in turn increases home values. The trend over the last several years shows property values have risen significantly depending on location.
VA loans are an amazing benefit for military members and veterans with 0% down and no PMI (private mortgage insurance).
Honolulu County has a BAH range of about $2088 to $3966 per month depending on rank/ paygrade and whether you have dependents. The 2020 VA Loan limit in Honolulu County is $765,600 to purchase a home with 0% down according to MilitaryBenefits.info for 2020. There have been some increases as of 2019 to qualifying members so don’t waste your BAH by putting it in someone else’s pocket and own your own piece of paradise. Contact Us about further direction regarding VA loan details and getting pre-approved for a VA loan in Hawaii.