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.

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 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)