Veteran Home Loans in Manoa
Manoa settled in the 1400s when farmers grew taro due to its fertile soil. In the 1800s, it became the first site of coffee and sugarcane plantations on the islands. In the late 1800s, the neighborhood changed with the opening of what is now called Punahou School. It has gradually developed into the amazing community it is today. Cool and rainy, it offers residents a small-town feel despite being less than a 10-minute drive from town.
Most homes in Manoa built before the 1960s, but many updated with modern interiors and appliances. Veterans moving on the island often look to Kailua, Kaneohe, or the Leeward side when purchasing a home with their Hawaii VA home loan benefit. It is a huge oversight, and although homes in Manoa tend to be more expensive. There are many reasons why veterans and members should consider using their VA loan to purchase a home in Manoa.
VA home loans are one of the many benefits veterans and active-duty military personnel can take advantage of. And Elias Halvorson, a VA mortgage broker is here to help veterans who want to purchase a home in Monoa. Elias has years of experience in the home loan and finance industry. And his dedication in helping veterans navigate the VA home loan process. He’ll work with you to ensure that you get the best Oahu mortgage rates available. And he’ll be there to answer any questions you have along the way. So if you’re looking for a VA home loan in Manoa, Elias is the Hawaii VA mortgage officer you can trust.
Call me biased, but Manoa is my favorite place I’ve lived on the island.
– Elias Halvorson
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Top Manoa VA Home Finance Services & Assistance
Purchasing a House in Manoa:
What to Expect
The town of 40,000 offers all the amenities your family could need/want including grocery stores, a farmer’s market. One of the best coffee houses on the island, a huge central town park & pool, and some of the highest-rated elementary schools in the state. Further, Manoa ranks high on outdoor recreation options with multiple hiking trails, including the famous Manoa falls Trail, the aforementioned central park & pool, and countless jogging areas.
The average home price in Manoa is $1.32 million, 25% higher than the average home price on Oahu. With no money down, almost all VA loan purchases in Manoa will be via the VA High Balance loan. However, after you have pulled your Certificate of Eligibility and been pre-approved for your VA loan here in Hawaii, Manoa should be one of the areas you look at. Despite being so close to town, the small community feels something unique to Manoa on this Island.
Furthermore, the elementary schools in Manoa are among some of the top in the state. Manoa’s excellent public schools, along with being 10 minutes or less from some of the top private schools in the state, and its proximity to the University of Hawaii-Manoa, keep Manoa’s rental market one of the strongest on the island. Homebuyers should keep this in mind when choosing where to live. The excellent schools save parents money because, through 5th grade, they compelled to send their kids to private schools saving thousands per month.
The commute from Manoa to many of the bases is also very reasonable. 20-25 minutes is the average morning commute from Manoa to JBPHH. The commute, schools, amenities, and small-town feel make Manoa a gem that is rarely discovered by VA buyers coming in from the mainland. Please call 808-517-6416 or email elias@c2hawaii for a free consultation. BAH in Hawaii should not be a limiting factor when considering everything else Manoa has to offer.
