Benefits of the Hawaii VA Loan Program

Some reasons why you should consider getting a VA Home Loan:

  • 100% Financing

    Up to 100% Financing/No down payment possible.  
     
     
     

  • Large Loans Available

    As much as $721,050 at 100% for residential properties on Oahu. VA Jumbo loans over $721,050 and no more than $1,500,000 require 25% of the amount over $721,050 as a down payment.

  • Zero PMI

    VA guarantees 25% of the appraised value of a home, which ensures that the veteran does not have to pay the PMI (Private Mortgage Insurance).  
     

  • Refinancing Benefits

    A veteran can refinance their current VA loan to reduce their interest rate and to include closing costs, without having to qualify and regardless of property value. Also, cash out refinances on up to 90% of appraised value.

  • Zero/Low Closing Costs

    The seller can pay all or part of the closing costs associated with the VA mortgage.  
     
     
     

  • No Penalties

    No penalties for prepayment! The seller can pay all or part of the closing costs associated with the VA mortgage.