Aloha, military service members! Here at Hawaii VA Loans, one of our goals is to be your go-to, trustworthy resource for information on home buying and the VA loan process. In order for us to achieve that, we think it is important to break it down for you. Not in dance moves, but in data, BAH style. We’ll leave the break dancing to you – for after you sign those closing papers.
What can your BAH buy?
One of the great things about living in Hawaii is its diverse landscapes. Whether the home you buy is near the beach, the mountains, the city or situated in the country, you can center your house hunt on an array of beautiful environments that suit your preference. Take this Aliamanu home that’s ideally located in Honolulu’s metro area. We’ll let you admire its charm for a minute.
This particular home is perfect for a small family or someone looking to enjoy the ease of island living. Its metro location just three miles from the airport and nine miles into thriving Waikiki has gorgeous views of the ocean, Diamond Head, and Honolulu city lights.
Those views and more will be a feast for the eyes from this enclosed patio space.
Looking for the perfect investment? Even though a property like this one is superbly cared for and move-in ready, the opportunity to personalize and grow the potential of this home’s indoor and outdoor space can excite a new buyer.
Are you being assigned to Joint Base Pearl Harbor/Hickam? Camp Smith? Fort Shafter or Schofield Barracks? How about Tripler Army Medical Center? This Honolulu location will give you a commute worth bragging about. Take a peek at our BAH Breakdown below.
The BAH Breakdown
Where: 3529 Puuku Mauka Drive, Honolulu, Hawaii 96818
Bases nearby: Schofield Barracks – 9.3 miles; Camp Smith – 5.9 miles; Joint Base Pearl Harbor/Hickam – 2 miles; Fort Shafter – 3.1 miles; Tripler Army Medical Center – 2.5 miles
Property type: Detached Single Family
Asking price: $614,000
Living Square Footage: 1,008
Land Sq. Footage: 5,000
Schools: Aliamanu Elementary School, Aliamanu Middle School, Moanalua High School
- Interest rate: 3.875%
- APR: 4.095%
- Principal and Interest (includes VA funding fee of 2.15%) = $2, 949.33
- Insurance = $120
- Property Tax = $121
Total estimated monthly payment = $3,190.33
Who can afford it?
The 2015 BAH Rates support the ability for many active duty ranks to afford this property. For E-7 to E-9, W-2 to W-5, O-1E to O-3E, and O-3 and above, this property will be covered by your Base Allowance for Housing. The BAH rates for ranks of E-5, E-6, W-1, O-1, and O-2 fall just under this property’s total monthly payment, and could still be affordable with help from Cost of Living Allowance (COLA).
Do you like what you see? For more information on a property like this one, contact Century 21 All Islands at (808) 263-2100.
Would you like to find out if you qualify for this purchase price? Fill out this online application or contact VA Loan Specialist, Tai Jackson at (808) 983-2701.