Hawaii Randy's Real Estate Opinions: VA Loans are Such a Powerful Benefit/ Tool

VA Loans are Such a Powerful Benefit/ Tool

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I am so amazed by how many Realtors and lenders in Hawaii shy away from VA loans.        

  • The VA does not look at credit scores, making qualifying easier in some cases           
  • Lower closing costs
  • Lower monthly payments; Federally guaranteed, no risk to lender, no mortgage insurance
  • Automated loan processing in most cases.  Can close faster than conventional loans in most transactions.
  • One of of the few types of mortgages that are assumable.  A potential big deal in the future if interest rates were to climb.
  • Higher closing rate for VA loans over conventional loans.

The VA cap in 2006 is $625,000.  The Honolulu Basic Housing Allowance (BAH) for Military ranges from the low of $1355/ Month for an E-1 with no depoendants to $3388/ month for O-7 and above with dependants.



Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

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.  His luxury home listings sell faster and for more money.

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 2 commentsRandy Prothero • November 06 2006 04:15AM


Go VA!!!!  You know I love those VA loans.  Don't be scared......they don't bite.  They are easy and all of the stigma from the past about low appraisals is not true.  VA wants to be in the fight and they want to help the veterans to get a loan.  If the house isn't overpriced then there shouldn't be any problems.

Posted by 1SG (Ret.) David Kucic, President and Owner (Hawaii Military Realty, Inc.) about 12 years ago

We need more agents with your background and attitude. 

VA loans are such a strong benefit to our vets.  If they don't take advantage of them they are really missing out. 

Posted by Randy Prothero, Hawaii REALTOR, (808) 384-5645 (eXp Realty) about 12 years ago

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