VA Loan Home Buying in Hawaii

Hawaii VA Home Buyer Information

Are you still “sitting on the fence” and waiting to buy your piece of Hawaii Real Estate?  Are you waiting for the prices to drop further?  As a Real Estate agent in Hawaii working with Military Relocations to Hawaii and specializing in VA Home Loan purchases, I run across Hawaii military very often that fit into this category.

I never push anyone into buying a piece of real estate in Hawaii.  That is your decision to make.  However, if you know that you want to buy a home in Hawaii but are waiting on the market to “bottom out”, please consider this information below.

I put these charts together to illustrate what could happen if you wait on the prices to decrease 10% but at the same time, interest rates increase 1%.

The first chart depicts purchasing a home now at an interest rate of 5% with 100% financing. 

The second chart shows what will happen if you wait on prices to drop 10% from the current price and the interest rate to go up to 6%.

Don’t forget that the longer you wait to buy, you continue to pay rent which is money that is disappearing and will not find its way back into your wallet.


 Purchase Price                                                       Monthly Payment (principal and interest only)

$300,000.00 @ 5%


$400,000.00 @ 5%


$500,000.00 @ 5%


$600,000.00 @ 5%



Purchase Price (down 10%/interest rate up 1%)             Monthly Payment (principal and interest only)

$270,000.00 @ 6%


$360,000.00 @ 6%


$450,000.00 @ 6%


$540,000.00 @ 6%



Fact #1:  Interest rates for 30 year VA home loans in Hawaii are currently hovering around 5% to 5.5%.

Fact #2:  There is a large inventory of homes for sale right now. 

Fact #3:  Many Sellers are motivated to sell you their house and may be willing to negotiate.

Unknown #1:  House prices.  Are they going higher or lower?

Unknown #2:  Interest rates.  Are they going higher or lower?


David Kucic, RE/MAX Honolulu located in Kapolei, Hawaii

VA Home Sales Expert in Hawaii

Phone: (808) 218-9338



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