Tag Archives: va loans

VA Loans in Hawaii (Rebate and Seller Credits)

If you are thinking about using your VA Loan Eligibility in Hawaii to purchase a home, make sure you are aware of wording for the contract.

With a VA Loan in Hawaii, the “Seller Credit” that is identified in Paragraph C-67 of the Purchase Contract MUST be phrased in a way that the Buyer is able to use the credit to its full extent.

This topic is very important when lenders are offering “Rebates” on loans because the rebate CANNOT be used to pay off debt of the Buyer but if worded correctly in Paragraph C-67, the Seller credit CAN be used to pay off debt.   As of yesterday, one of my Hawaii VA loan officers offered a rate of 4.25% on  a 30 year fixed rate VA loan with a 2 point rebate! 

I am not an attorney or a tax professional but I do know how to ask the right people for the answers in order to get the best deal for my Buyers.  For more information, refer to your real estate professional or give me a call anytime if you don’t have a real estate professional working for you.

Brand New Homes in Ewa Beach, Hawaii Great Incentives!

There are brand new homes located in Ewa Beach, Hawaii that have some new, fantastic incentives!  This is a great time to use your VA home loan entitlement on a property in Hawaii.  Contact me immediately for a list of homes that are included with this special offer for VA loan buyers only.  Sorry but if you are currently working with USAA Mortgage Company or Navy Federal Credit Union, you will NOTbe able to use them to purchase this home.  If you do use them, you will forfeit some of the incentives below.

David J. Kucic, REALTOR
Broker/Owner
Hawaii Military Realty, Inc.
Phone: (808) 218-9338
Email: david@davidkucic.com

Here are some of the incentives that are being offered:

The developer will give 4% of the base price of the home as a credit for the VA buyers contracting now to 8/31/2011.

This credit can be used to pay off the personal loans, including the credit cards and car loans. 

In addition, the developer will pay up to 2 points and the closing costs by going with the developers lead lenders for the loan

The house will come with the front yard & back yard landscaping and appliances including washer/dryer and vertical blinds throughout the house.

List of VA Approved Condos and Townhomes in Honolulu, Hawaii

Do you want to know whether the property you are interested in is approved by the VA?  In order to use your Hawaii VA Loan Eligibility, the property must be approved by the VA.  A list of approved condos can be found on the VA Website by following this link:  VA Approved Condos.  The easiest way to locate a building using this website is to go to step 5 and select HAWAII and then click on SUBMIT.   All of the Hawaii VA Approved Condos will come up and you just need to scroll through the list and find yours.

For more information about Hawaii Real Estate and using your VA Loan Eligibility in Hawaii, please contact me at (808) 218-9338 or email me at david@davidkucic.com.

Good luck!

4 bedroom, 2.5 bath Excellent Condition $520,000

For Sale in Ewa Beach, Hawaii located in the Sonoma Prescott neighborhood of Ewa by Gentry.  This 4 bedroom, 2.5 bathroom home features over 2,000 sf of interior living space, wood laminate flooring downstairs, new carpet upstairs, central air conditioning, fenced yard, professionally landscaped with mature plants and trees, driveway parking, street parking and more. 

This home is approved for use with a Hawaii VA Loan.  For more information about VA Loans in Hawaii or for your private showing, please contact David Kucic at (808) 218-9338 or email to: david@davidkucic.com.

Hawaii Military Realty, Inc.

Hawaii Military Realty, Inc. will open its doors within the next 30 days. 

1SG (Ret) David Kucic, REALTOR,  is the Principal Broker and Owner of the new company.  Tonya Kucic, REALTOR-ASSOCIATE,  is co-owner of the company.

We will specialize just as we have over the past 6 years with servicing the men and women of the Active Armed Forces, National Guard, Reservists,  retirees, veterans and anyone else that has ever worn a military uniform.

VA Loans are our specialty when it comes to Buyers purchasing homes on Oahu.  However, we are well equipped to handle FHA Loans, USDA Loans and conventional loan clients as well.

Are you a civilian that is looking for a hard working, dedicated real estate agent but you have never worn a uniform?  Let us show you what our committment to excellence is all about.

Looking forward to serving all of you in the future.

USAA Movers Advantage Program Hawaii

USAA Movers Advantage Program in Hawaii is a nice start towards your goal of home ownership.  We are proud members of USAA and are happy to assist you with your dream of purchasing a home in Hawaii

We have all the answers to helping you find a loan that meets your specific needs whether it comes from USAA or one of our Hawaii VA Loan Specialists.  We have direct contacts with Hawaii VA Loan Officers that work for all of the major lending institutions in Hawaii.

For more information, send us an email through the “Contact Us” tab on our home page or call us anytime.

Why use a VA Loan in Hawaii?

VA Loans in Hawaii are still the most common way for service members to purchase real estate in Hawaii.

The reason is simple:  Service members can get 100% financing at a competitive interest rate with ZERO money down.

Why is it beneficial for a service member to use their VA Loan Eligibility on a piece of real estate in Hawaii?

That answer is also simple.  The use of a VA Loan in Hawaii with ZERO money down is the main attraction.  If the Service member was to opt for a Conventional Loan, the Service member would be looking at a 20% down payment.   Since single family home prices on Oahu are around $500,000, that means the down payment would be around $100,000.  Not many service members have that kind of money laying around.

If the service member was to opt for an FHA loan, that is still a 3.5% down payment or $17,500.  Once again, not many of my service member brothers and sisters have that kind of money to spend on a down payment.

So if the Service member uses their VA loan elibility in Hawaii and subesequently PCS’s to the mainland and wants to buy another house, since home prices are much lower in MANY parts of the mainland, the down payment of 20% or 3.5% is much less.  For example, with a 20% down payment for a brand new home in the Ft Hood, Texas area at around 150k, the down payment amount would be $30,000 rather than the $100,000 in Hawaii.

If the Service member opted for an FHA loan in Texas, the down payment of 3.5% on a $150,000 house would be $5,250.

For more questions about your VA Loan Eligibility in Hawaii, contact First Sergeant, Retired and real estate broker in Hawaii, David Kucic at (808) 218-9338 or email me at david@davidkucic.com.  You are in good hands with one of your fellow veterans taking care of you.

Hawaii VA Loan

Did you know that the VA does not give you the money when you obtain a VA Loan in Hawaii?  The money comes from a lender such as a bank or mortgage company.

When you see ads for “Hawaii VA Loans“, this simply means that that particular lender is authorized to provide VA Loans in Hawaii.  FYI, almost all lenders are authorized to provide VA Loans in Hawaii.

Do not believe that these lenders have ANY affiliation whatsoever with the VA.  These lenders are NOT government agencies.

For more information about VA Loans in Hawaii, just ask me!  I dont do loans but I can point you in the direction of reputable people that do.

VA Loans: Where do they come from?

VA Loans in Hawaii do not come from the VA. They come from banks and other financial institutions. Be aware when you are shopping around for a VA Loan in Hawaii because what you find on line might really not be what you think it is. For example, you will find many mortgage brokers that have websites with the term “VA Loans Oahu“, “VA Loans Hawaii“, “Hawaii Military VA Loans” etc…. NONE of these companies work for or are associated with the VA! For more information about Hawaii VA Loans and Hawaii Real Estate, contact the Hawaii real estate agent you can trust: your Hawaii Military Expert and Retired Military Veteran, David Kucic, 1SG, USA (Ret)