Hawaii Randy's Real Estate Opinions: 2016 Military Basic Allowance for Housing (BAH)

2016 Military Basic Allowance for Housing (BAH)

For Honolulu County (Island of Oahu)

 

It was announced in the last couple of days that the BAH (Basic Allowance for the Military) will be reduced next year (2016) on Oahu.  This is extremely disappointing news for active duty members of the military and their families that will be transferring here.  The cost of living continues to increase here in the islands and our government will be cutting the pay of those who risk their lives to defend our country for the second time.  They previously reduced the COLA (Cost of Living Allowance).

 

The third number we patiently waited for is the cap on VA loans for 100% financing.  That number was released this evening by the VA.  The cap for Oahu will remain unchanged next year at $721,050.

 

Here are the new BAH numbers for 2016.

 

 

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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 2 commentsRandy Prothero • December 17 2015 10:35PM

Comments

Sorry to hear of this Randy, I wonder why they seem to think that housing costs have gone down.

Posted by Bob Crane, Forestland Experts! 715-204-9671 (Woodland Management Service) over 1 year ago

Randy I am not surprised our politicians need to be replaced... most have not served in the military and second they do not care about the military...talk is cheap.... RLTW! Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) over 1 year ago

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