Honolulu Real Estate News

VA Home Loans for military in Hawaii

March 14th, 2013 7:17 PM by Scott Sakata

I sponsored a free VA seminar with Tony Dias, Branch Manager of Veterans United Home Loans of Hawaii and you can watch the seminar here.

Veterans United Home Loans of Hawaii prides themselves on being different from other service providers. They specialize in VA Loans and take great pride in Serving those Who Have Served. This dedication and focus on VA loans has allowed them to streamline the VA loan process, making it very smooth and easy for their clients.

VA Home Loan Benefits

- No down payment and 100% financing

- Up to $756,250.00 in Honolulu and $625,500.00 in all other counties. (For One to Four unit residential properties.)

- No PMI (private mortgage insurance). VA guaranties 25% of the appraised value of the home allowing the veteran not to have to pay for PMI.

- The Veteran can refinance their current VA loan to reduce their interest rate and include closing costs without qualifying, regardless of property value.

- The seller can pay all or part of the closing costs associated with the process and closing of the mortgage.

- Disabled veterans rated at 10% or higher are exempt from funding fee.

- No prepayment penalties.

- Cash out refinances up to 90% of appraised value.

Veterans United Home Loans of Hawaii is not a part of the Department of Veterans Affairs. They are a private company whose mission is to help educate Veterans about their VA Home Loan benefit.

Posted in:General
Posted by Scott Sakata on March 14th, 2013 7:17 PM

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