Hawaii Randy's Real Estate Opinions: December 2012

2013 Hawaii VA Mortgage Limit for 100% Financing

Military LogosBeginning January 1st, 2013 the VA Mortgage limits for 100% financing for Hawaii will be going down slightly on Oahu (from $756,00 in 2012), the neighbor islands will remain the same.

  • For Oahu County is will be: $750,000
  • For all other Hawaii Counties it will be: $625,500.

VA Jumbo loans will be handled the same way as in the past.  Most of the Hawaii lenders require 25% down payment for anything over the limit.  For example a purchase of $1,000,000 on Oahu would require $67,500 down, compared to a conventional loan that would require $200,000 down or mortgage insurance.

If you are looking to purchase a home in Hawaii and you are considering using your VA benefit, please contact me and I can walk you through the process and put you together with other professionals who specialize in putting veterans into homes..

Good luck and happy house hunting!

 

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Principal Broker, ABR, AHWD, CRS, e-PRO, GRI, MRP, SFR

Island Style Realty Inc.

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comment balloon 8 commentsRandy Prothero • December 24 2012 10:04PM
2013 Hawaii VA Mortgage Limit for 100% Financing
share
Beginning January 1st, 2013 the VA Mortgage limits for 100% financing for Hawaii will be going down slightly on Oahu (from $756, 00 in 2012), the neighbor islands will remain the same. For Oahu County is will be: $750, 000 For all… more
Merry Christmas from Hawaii!
share
Mele Kalikimaka Merry Christmas in Hawaiian 2012 was an exciting year for the Prothero family. Jacob turned 12 this year and entered middle school and is already 5’4” and growing. He continues to play soccer,… more
2013 Military Basic Housing Allowance (BAH) for Honolulu County
share
The 2013 Military Basic Housing Allowance (BAH) for Honolulu County (Island of Oahu) will be showing a substantial increase over the 2012 BAH. That is a reflection on the hot housing market we are seeing on Oahu. Rates are showing increases… more
November 2012 - Oahu (Honolulu County) Residential Real Estate Sales…
share
November 2012 - Oahu (Honolulu County) Residential Real Estate Sales Activity Below is the sales activity for the month of Noember 2012 compared to the previous month and the same month last year. This covers resale homes for Honolulu County.. more