HawaiiVALoans.com Blog

What Can Your Housing Allowance Buy (8/13/08)?

This is our second installment of our segment, “What Can Your Housing Allowance Buy?”, in which we feature properties currently for sale and determine what pay rank in the military you need to be in order to have your housing allowance cover the the mortgage payments (with no down payment).

Today’s property is beautiful executive home that is listed roughly a $100,000 below the current tax assessed value ($694,200).

Ocean Pointe, Ewa Beach - $599,000

91-1051 Kaikala Street
Ewa Beach, HI 96706

Land: 4,491 sqft
Interior Living Area: 2,131 sqft
Bedrooms: 4
Bathrooms: 3/1
Monthly Taxes: $200
MLS #: 2813378

Description: Short Sell.  New Ocean Pointe executive home never lived in! Home has over $73k in upgrades through the developer including recessed plantation shutters, 16 & 20 inch ceramic tiles throughout, Corian Countertops, and best of all a detached 2 car garage with separate mother-in-law studio or guest suite/game room.

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Posted by Gabe Amey. Filed in VA Purchase, What Can Your Housing Allowance Buy?

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What Can Your Housing Allowance Buy (7/9/08)?

In our previous blog post we explained how homeownership may not be as hard as you may think - especially if you are eligible for a VA Loan. We touched on a few benefits of VA Loans which include 100% financing as well as reduced closing costs. We also explained that current military personnel have an added benefit in that they already receive a monthly housing allowance to pay or subsidize their rent or mortgage payments.

Today HawaiiVALoans.com is introducing a new segment to our blog called “What Can Your Housing Allowance Buy?”. With this, we will feature a specific property for sale to give examples of how much buying power one would have by just using their monthly housing allowance to cover their mortgage expense (with no down payment).

Mahi Ko at Waikele - $349,000

94-529 Lumiaina Street, #D101
Waipahu, HI 96797

Living Area: 830 s.f.
Lanai (Patio): 92 s.f.
Bedrooms: Two
Bathroom: Two
Parking: Two
MLS #: 2810757

Description: Exceptional Value: GROUND floor, CORNER unit with fenced large yard and patio-great area for BBQ. Ready-to-move in condition freshly painted, with laminate flooring and w-w carpet. Renovated kitchen w/new granite counter top, cabinets, refrigerator and washer- dryer, microwave oven. Hall bathroom: new vanity, toilet, ceramic flooring. Updated light fixtures in living room & kitchen.

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Posted by Gabe Amey. Filed in Housing Allowance, VA Purchase, What Can Your Housing Allowance Buy?

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