Did you know that you can use money from a VA Loan in Hawaii to pay off credit cards, student loans or other consumer debt?  Its not illegal and it is not a secret but many Hawaii Military Veterans don’t know how to benefit from this and many Hawaii Real Estate Buyers Agents don’t know how to word a contract correctly in order for you to take advantage of this.

The bottom line is that you can get a credit from a Seller of a home in Hawaii or a credit from a developer of a new construction home in Hawaii and use it to pay off your consumer debt.   This can only be done with a Hawaii VA Loan and not other loan programs.  For example:  If you buy a $400,000 single family home on Oahuand the Seller credits you $15,000, you can use some of that money to pay off consumer debt in conjunction with your Hawaii VA Loanin addition to using the money to pay off your closing costs and prepaids.  In the past, Buyers that I have represented have paid off car loans, credit cards and student loans in conjunction with the purchase of their homes in Hawaii.

Call or email me if you would like any additional information.  To search the Oahu MLS for properties for sale on Oahu, visit my homepage at www.himre.com and click on the link to search for homes.  My website is linked directly into the Oahu MLS and you will see ALL properties for sale on Oahu.

We have a new single family home for sale in Ewa Beach, Hawaii.  Located in the private, gated, golf course community of Huelani.  This property was built by Gentry Homes which is one of the premier builders of residential real estate on Oahu.  Gentry has been building homes on the island and for many, many years and they continue to build new homes in Ewa Beach today including:  The Trades, Latitudes, Tides and Haleakea.  All of the homes in the Ewa by Gentry neighborhoods are qualified for use of the VA Home Loan in Hawaii.

Contact David Kucic or Tonya Kucic of Hawaii Military Realty, Inc. for your private showing.  (808) 218-9338

This property features:

• 3 bedrooms
• 2.5 bathrooms
• Upstairs laundry room
• Over 1,700 sf of interior living space
• Over 6,000 sf lot
• Central AC
• Wood laminate, tile and wall to wall carpet
• Stainless steel appliances
• Sprinkler System
• Fully Fenced
• 2 Car Garage
• Driveway Parking
• In ground swimming pool
• Jacuzzi
• Fitness Center
• NOT A SHORT SALE and NOT A FORECLOSURE or REO!

This is a 3 bedroom, 2.5 bathroom, non-short sale town home located in Ewa Beach, Hawaii.  The home is in excellent condition and has a detached 2 car garage with private backyard, sprinkler system, central air conditioning, ceramic tile flooring on lower level and upgraded carpet and padding on the stairs and 2nd floor.  This home is very clean and is located 25 yards away from bus stop and 2oo yards from Keoneula Elementary School and Seagull School.

This home is eligbile to be purchased using the VA Home Loan Guaranty.  For more information on Homes for Sale in Hawaii, VA Loans in Hawaii or Short Sales in Hawaii, contact 1SG (Ret) David Kucic, Broker/Owner of Hawaii Military Realty, Inc.  Do you need information about a VA Loan and what your entitlements are?  I would be happy to discuss your options in private or I can invite you to one of my VA Seminars on Oahu.

Need a rental property or do you have a rental property that you need a property manager for in Ewa Beach, Hawaii?  Give me a call!

Wells Fargo VA short sales in Hawaii are now able to be processed through the on-line Equator System.  This is great news if you have a VA Loan in Hawaii through Wells Fargo.    As an active member of the Wells Fargo Equator System, I am now able to process all of your short sale paperwork via the Internet directly to Wells Fargo.  This is a much better system then the old fax and emailing system where paperwork was always getting lost.

If you have a VA loan in Hawaii and it is through Wells Fargo, contact me for more information if you are faced with doing a short sale.  I can get the job done quickly, effectively and with personalized service while maintaining up to date information for both you the Seller and the Buyers agent.

Hawaii Military Realty, Inc.

Short sales on Oahu, Hawaii continue to be very prevalent on the island.  Each day as I read the “hot sheets” that show the newest properties that have come on the market, I notice that there are always more short sales available.  The area of the island doesn’t matter.  Each area is affected by short sales but the higher numbers of short sales are located in Mililani, Ewa Beach, Kapolei, Makakilo, Waianae and Waikele. 

Even though there are a lot of short sales in Hawaii, there are also a lot of buyers looking for properties. 

Here is what you need to do if you want to be successful at getting a Hawaii short sale offer accepted:

1.  You need to have your agent set you up on an auto notification system that will send you an email each time a new property comes on the market that meets your search parameters.

2.  You must go to see the property immediately.  If you wait, it will be gone.

3.  Make sure your agent submits all of the appropriate documents with the short sale packet which will include a loan preapproval letter from your lender. 

4.  Insure you are working with an agent that is familiar with the procedures involved in short sales.

5.  DONT THINK YOU CAN LOW BALL AN OFFER JUST BECAUSE IT IS A SHORT SALE.  YOU WILL LOSE OUT TO SOMEONE WHO IS WILLING TO PAY FAIR MARKET VALUE!

Almost all of the short sales in Hawaii will accept a VA loan from a veteran Buyer.  Need more info on VA loans in Hawaii?  Call or email me anytime.

Happy house hunting and good luck!

Requesting a Certificate of Eligibility for a Hawaii VA Loan is very simple.

In many cases, the bank/mortgage company that is providing you with the VA Home Loan can obtain the COE for you using a web based program called webLGY.

If you are a Veteran wishing to use your VA Loan Eligibility in Hawaii, you can also downloand the COE Request Form at www.va.gov/vaforms/

Most of my Hawaii Military Real Estate Clients are able to obtain the COE directly from one of my VA Approved Loan Officers in Hawaii but some Veterans that have had a break in service or who have transferred branches (Army to AF, AF to Navy etc…) and those who have transferred from Active Duty to Reserves/National Guard and vice versa are the ones who may have a problem getting the COE from webLGY.

For more information on Hawaii VA Loans, Hawaii Real Estate and Military Relocation to Hawaii, visit, call or email your Hawaii Military Family Real Estate Team, David and Tonya Kucic!

This is something that you should know about a VA Loan in Hawaii.

Assuming you are  eligible for a VA Loan in Hawaii and have enough active duty service to qualify for the lowest “VA Funding Fee”, you will pay an additional 2.15% of the loan amount (3.3% if you are using the VA Loan for a second or third time) when you purchase a home in Hawaii.  Conventional loans have “Mortgage Insurance” when the down payment is less than 20%.  VA Loans in Hawaii have a “VA Funding Fee“.

The difference between the Hawaii VA Loan and the Conventional Loan in Hawaii is that the Mortgage Insurance is an additional monthly charge that you pay on top of your principal, interest, taxes and insurance.

With the VA Funding Fee, the 2.15% gets “rolled into the loan”.  For example, if you buy a piece of real estate on Oahu for $400,000, your actual total loan amount will be 400,000 + 2.15% = $408,600.

The purpose of the VA Funding Fee on Hawaii VA Loans is the same as Mortgage Insurance on Hawaii Conventional Loans:  They insure the lender in case the Buyer defaults on the loan.

For more information on purchasing real estate in Hawaii or to view properties on the Hawaii MLS, visit my homepage and click on the Quick Search Tab.

Aloha and Happy House Hunting!

Very nice townhouse in the Ocean Pointe subdivision of Ewa Beach.  This unit has 2 bedrooms, 2.5 bathrooms, a DEN, all major appliances including microwave and dishwasher, central air conditioning, private back yard, PUTTING GREEN, 2 car garage and ceramic tile flooring in the main living areas and bathrooms.

This home is approved for VA Loan Hawaii home purchases.  Military personnel relocating to to Hawaii love Ewa Beach and Ocean Pointe.  They can find quality, affordable Hawaii real estate and it is close to military bases in Hawaii.

Contact David Kucic, RE/MAX Honolulu from the Kapolei, Hawaii real estate office at (808) 218-9338.