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The 2023 Basic Allowance for Housing (BAH) rates take effect on January 1, 2023. For active duty servicemembers moving to Oahu, Hawaii in 2023, these are their monthly rates for housing. For servicemembers already stationed on Oahu, their BAH rate will be the higher of their current rate or the new 2023 BAH rates.
Take a look at the new 2023 BAH rates below. Then, see the estimated purchase prices for condos or single family homes using solely your BAH amount for the monthly mortgage payment.
2023 BAH Rates for Honolulu County, Hawaii
Source: Defense Travel Management Office
| Grade | With Dependents | Without Dependents |
| E01 | $3,084 | $2,313 |
| E02 | $3,084 | $2,313 |
| E03 | $3.084 | $2,313 |
| E04 | $3,084 | $2,313 |
| E05 | $3,303 | $2,607 |
| E06 | $3,513 | $2,880 |
| E07 | $3,648 | $3,087 |
| E08 | $3,792 | $3,351 |
| E09 | $3,990 | $3,402 |
| W01 | $3,531 | $3,015 |
| W02 | $3,708 | $3,348 |
| W03 | $3,888 | $3,408 |
| W04 | $4,032 | $3,540 |
| W05 | $4,203 | $3,678 |
| O01E | $3,672 | $3,297 |
| O02E | $3,861 | $3,393 |
| O03E | $4,053 | $3,504 |
| O01 | $3,336 | $2,859 |
| O02 | $3,510 | $3,228 |
| O03 | $3,882 | $3,432 |
| O04 | $4,260 | $3,651 |
| O05 | $4,527 | $3,738 |
| O06 | $4,569 | $3,873 |
| O07 | $4,608 | $3,939 |
The 2023 BAH rates are based on the current local median market rent and average household utilities (including electricity, heat, and water/sewer) in each military housing area (MHA); and incorporate a five percent out-of-pocket amount.
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2023 BAH to Purchase Price Conversion Matrices for Honolulu County, Hawaii
The BAH matrices below detail the estimated Condo Purchase Price and Single Family Dwelling (SFD) Purchase Price that Honolulu County servicemembers can afford using their monthly BAH rate solely as their mortgage payment.
Moreover, the purchase prices below are estimated at 5.50% interest rate. Keep in mind, interest rates vary depending on several factors. Thus, your VA Loan Specialist determines the current interest rate at the time of your purchase.
2023 BAH to Purchase Price Conversion Matrix With Dependents for Honolulu County
2023 BAH to Purchase Price Conversion Matrix Without Dependents for Honolulu County
In addition, the estimated purchase prices in the BAH matrices do not reflect extra income (from employed spouses for example) in the monthly mortgage payment. Therefore, one’s pre-approval amount will vary depending on their debt-to-income ratio and additional income.
Get pre-approved to find out exactly what purchase price you can afford. Most importantly, there is no down payment requirement for VA buyers with full entitlement.
Contact Hawaii VA Loans at 808-792-4251 to talk with a VA Loan Specialist or fill out this secure online loan application to get prequalified today.
