VA LOANS FOR KAPOLEI HOMES
Eligible military veterans and active-duty personnel can take advantage of the VA Purchase Loan to buy a home on Oahu without the need for a down payment. In addition to traditional single-family homes, this loan can also be used to finance manufactured homes, multiunit properties such as duplexes, condos, and new construction.
Depending on location and lender guidelines and policies may vary. For more information about local VA Loan policies and restrictions contact us today.
VA LOANS FOR MAKAKILO HOMES
Eligible military veterans and active-duty personnel can take advantage of the VA Purchase Loan to buy a home on Oahu without the need for a down payment. In addition to traditional single-family homes, this loan can also be used to finance manufactured homes, multiunit properties such as duplexes, condos, and new construction.
Depending on location and lender guidelines and policies may vary. For more information about local VA Loan policies and restrictions contact us today.
VA LOANS FOR MANAO HOMES
Qualified veteran homeowners are able to use the VA Cash-Out Refinance program to borrow cash from their property’s equity. Eligible homeowners are generally able to refinance around 90% of the value of their homes. Oahu homeowners that qualify can use this Hawaii VA refinance program with or without a current VA Loan.
Lender requirements and guidelines can vary depending on factors such as location, lending institution, and type of property. Furthermore, there is not a requirement to borrow cash with this loan, meaning that veterans and service members that have a non-VA mortgage are able to do a basic rate-and-term refinance with this option.
VA LOANS FOR KO OLINA HOMES
The second option for the veteran affairs loan programs used for refinancing a home is the VA Interest Rate Reduction Refinance Loan. This option is the most commonly chosen loan program for veteran and service member homeowners.
Also called VA Streamlines, they are uncomplicated, low-cost loans for refinancing a home. Depending on the circumstances this loan may not require an appraisal, verification of income, or credit underwriting.
Finally, the VA IRRRL is specifically designed for homeowners that already have a current VA Loan. By reducing the old rate to a new reduced rate, this VA mortgage refinance program can help veterans reduce the immediate cost of owning a home. Call Elias, Honolulu VA Loan Officer, to learn more about Oahu VA mortgage refinance options and how they can benefit you.
