Are you being assigned to the U.S. Army base at Schofield Barracks, Hawaii? Congratulations! Schofield Barracks is located in the Central Region of Oahu where you’ll find yourself in a prime location for enjoying adventures all around the island.
From the waves of the North Shore to the lagoons southwest at Ko’Olina to downtown Honolulu, and all points in between, your time in Hawaii will create memories that will stay with you for a lifetime. You may even decide to come back one day! In fact, many military families who get assigned to Schofield Barracks or other Oahu bases decide to put down some roots, so-to-speak, in terms of homeownership. They may choose to retire in Hawaii or keep their property as in investment and long-term rental.
Here are some numbers to consider when getting started:
- For 2018, the VA loan limit on Oahu is $721,050 with no down payment. If you’re looking at a property above this limit, you may consider financing with a VA Jumbo Loan.
- Check out the 2018 BAH Charts to see an estimated purchase price of what each BAH rate could afford to buy.
- Finding out how much you qualify for is easy. Contact a VA Loan Specialist to get started.
We have many additional Buyer Resources for your use as well:
To learn more about Schofield Barracks and the Central Oahu region, download our free 2018 MCBH PCS Guide. Now, continue reading to find out more about Mililani & the North Shore – two locations just outside the gates of Schofield Barracks.
In the central valley between the island’s two volcanic mountain ranges lies the town of Mililani. Approximately seven miles southeast of Schofield Barracks, the community of Mililani has two distinct census areas:
- Mililani Town, located to the west of interstate H-2, is the older section of Mililani with approximately 28,000 residents.
- More newly developed, Mililani Mauka, is located to the east of H-2, and has approximately 21,000 residents according to the 2010 census.
Centrally situated with every day conveniences at your fingertips, Mililani’s ideal geographical situation offers its residents easy access to the “city life” of Honolulu to the south (16 miles via H-1) or the “country life” of Oahu’s fabled North Shore (13 miles via HI-803), where some of the world’s best surfers reside and compete each winter.
If Mililani becomes the town you call home while assigned to Schofield Barracks, then a quiet suburban Hawaii life will be all yours. Mililani is, without a doubt, a great community for families with its libraries, parks, schools, and public golf course. The Town Center of Mililani includes plenty of restaurants, a movie theater, entertainment and events, as well as a variety of shopping options.
In 2017, the median sales price for a single family home in Mililani was $777,000. The 2017 median sales price for a condominium in Mililani was $375,000.
The North Shore – Waialua & Haleiwa
Waialua and Haleiwa are two North Shore communities that, although close in proximity, offer two separate and distinct environments when it comes to daily life.
Both former plantation towns, Waialua and Haleiwa’s populations were under
4,000 at the time of the 2010 census. However, Waialua has a much quieter characteristic than Haleiwa, which has a tourist activity year round, and for good reason; it has preserved many of its old plantation era buildings and is one of the most picturesque areas on all of the island.
During the winter months from November to December, the North Shore’s famous beaches are home to the Triple Crown of Surfing where you can watch the world’s top names in surfing compete for the Championship title.
To put it simply, the vibe of the North Shore is second to none. From driving up Rte. 803 to Waialua with the Pacific Ocean painted on your windshield or crossing Rainbow Bridge into Haleiwa town with its many boutiques, galleries, shopping, and eateries, you’ll see why life on the North Shore is coveted.
The distance from the North Shore to Schofield Barracks is approximately 10 miles. Places of interest for visitors and residents include Waimea Bay, Pipeline Beach, Sunset Beach, and Haleiwa Beach Park.
In 2017, the median sales price for a single family home on the North Shore was $890,000. The 2017 median sales price for a condo on the North Shore was $421,250.
*Remember to check out the 2018 BAH Charts to see an estimated purchase price of what your BAH rate alone could afford to buy.
Discover more about the housing market surrounding Schofield Barracks in our 2018 PCS Guide! There’s also more to learn about schools, great restaurants, and how you can utilize your VA home loan benefits to become a Hawaii homeowner.
If you’re ready to get in touch with a VA Loan Specialist, contact us at 808-792-4251 or fill out this short online application.