5 bedrooms and 3 full bathrooms along with a 1 car garage and 3 parking spaces in front of house.  Guest parking nearby.  Holomua Elementary School.  WATER, TRASH, FRONT YARD MAINTENANCE, SWIMMING POOL ACCESS ARE INCLUDED IN RENT.  This home has 1 bedroom and 1 full bathroom downstairs.  No carpet for easy care and maintenance.  All flooring is tile or wood laminate.  Newer appliances including front loading washer and dryer, microwave, refrigerator and oven.  Freshly painted exterior and interior.  8 guest parking stalls directly across from house.  Available at the end of May 2012.

The Veterans Administration recently announced that they will build the largest VA medical center in the state of Hawaii.  It will most likely be located in Ewa Beach, Kapolei, Kalaeloaor somewhere on the Ewa Plain.

It is estimated that the project could start in 2015 and take up to 2 years to build and will cost an estimated 125 million dollars.  The facility will also have approximately 1,000 parking stalls.  One the center opens, it could add as many as 325 permanent jobs. 

Currently on Oahu, there is only one other VA facility that services Veterans.  The Spark Matsunaga Medical Center is adjacent to Tripler Army Medical Center.  There is also a new outpatient VA clinic that will open this summer in Leeward Oahu.

This means the desire to purchase a home in Ewa Beach and Kapolei is even more prominent now.  Its no wonder why I am listing homes in Ewa Beach and Kapolei for sale and I am getting offers on my listings within weeks.  Thereal estate market in Ewa Beach and Kapolei continues to remain very strong.

For more information on Hawaii Real Estate, Hawaii Homes For Sale, Oahu Real Estate, Oahu Short Sales, Ewa Beach Homes For Sale, Kapolei Homes For Sale, Koolina Homes For Sale and Makakilo Homes For Sale, contact one of Oahus Top 100 Realtors, David Kucic of Hawaii Military Realty, Inc.

Did you know that you can use money from a VA Loan in Hawaii to pay off credit cards, student loans or other consumer debt?  Its not illegal and it is not a secret but many Hawaii Military Veterans don’t know how to benefit from this and many Hawaii Real Estate Buyers Agents don’t know how to word a contract correctly in order for you to take advantage of this.

The bottom line is that you can get a credit from a Seller of a home in Hawaii or a credit from a developer of a new construction home in Hawaii and use it to pay off your consumer debt.   This can only be done with a Hawaii VA Loan and not other loan programs.  For example:  If you buy a $400,000 single family home on Oahuand the Seller credits you $15,000, you can use some of that money to pay off consumer debt in conjunction with your Hawaii VA Loanin addition to using the money to pay off your closing costs and prepaids.  In the past, Buyers that I have represented have paid off car loans, credit cards and student loans in conjunction with the purchase of their homes in Hawaii.

Call or email me if you would like any additional information.  To search the Oahu MLS for properties for sale on Oahu, visit my homepage at www.himre.com and click on the link to search for homes.  My website is linked directly into the Oahu MLS and you will see ALL properties for sale on Oahu.

The New VA Loan Limits in Hawaii for 2012 have been published.  These amounts are the Maximum Loan Amounts so if you are also financing the VA Funding Fee, your actual loan amount will be less than these published figures.

1.  Honolulu County $695,750.00
2.  Hawaii County $625,500
3.  Kalawao County $625,500
4.  Maui County $625,500
5.  Kauai County $625,500

For example:  If you want to buy a home in Honolulu County for $650,000.00 and you are also going to finance your VA Funding Fee then your total loan amount would actually be $663,975.00 which includes a 2.15% VA funding fee for an active duty, first time user. (VA Funding Fee amounts vary by your nature and time of military service).

In another example, if you wanted to purchase a home inHonlulu County for $695,750.00, once you add on the VA Funding Fee, you would exceed the authorized maximum allowable loan limit by just under $15,000 so you would need to pay that $15,000 in cash at closing.

For more information about Oahu Real Estate, Hawaii Homes For Sale and VA Loans in Hawaii, contact David Kucic at Hawaii Military Realty.

There are several new home developments in Ewa Beach, Hawaii.  Several of them are found in the Ewa by Gentry community.  All of these communities are approved for Hawaii VA Loan purchases.

Those located in the Ewa by Gentry community are:

1.  The Tides in Ewa Beach.  These are single family homes starting in the mid to high 300′s.

2.  Latitudes in Ewa Beach.  These are also single family homes starting in the mid to high 500′s.

3.  Haleakea in Ewa Beach.  These are single family homes with some golf course frontage homes.  Prices start in the mid to high 600′s.

4.  Ka Makana at Hoakalei in Ewa Beach.  This development is centered around a “private country club”  (call me for details about this “private” course).  The homes range from townhouses for the low 400′s all the way up to golf course frontage homes over 3,000 sf in size for over 1 milion dollars.

If you would like additional information about any of these new developments, let me know and I can provide the information for you.

Congratulations on your military relocation to Hawaii! 

You have a thousand things to do as you begin plans to PCS and one of them might be the thought of purchasing a home in Hawaii using your VA Loan Eligibility.

Unless you are coming from another high cost area, your BAH rate will most likely increase when you get to Hawaii.  The mortgage payment on a home might even be within reach for you based on the BAH and also the COLA that you will be entitled to.

But should you really buy a home in Hawaii? 

What are you going to do with that home when your 3 year tour of duty is over and it is time to PCS?  What if the value stayed the same or decreased and you can only sell it at a loss?  Are you willing to take that chance?  If you decide to keep the home and use it as a rental, are you prepared to pay 10% of collected rent each month to a property manager, pay for needed repairs and have enough cash on hand to make your mortgage payment in between tenants?

For more information on purchasing real estate in Hawaii, contact me anytime via email or telephone.

Good luck with your move to paradise!