Here at Hawaii VA Loans, we believe that our customers deserve the best access to information and the time to make well-informed decisions. In that vein, we are reviving our popular series on what your housing allowance can buy.

Many already know that homeownership is not as hard as some think, especially for those eligible for a VA Loan. When PCSing to Hawaii, many are shocked at island prices, however, in practice it is often a great financial choice to buy in an area known for reliable rental income and strong resale values. So, what is your buying power when considering the houses currently listed? Read below for an example in popular Kailua town in the Windward School District.

This single level condo in the heart of Kailua’s walking district is so close to everything. Less than a mile from the beach, this unit boasts full kitchen and bathroom renovation that catches every detail from paint, cabinetry to upgraded appliances and oak flooring. This move-in ready gem is going to sell very fast, and would be a perfect starter location for a young couple wanting island life with amenities!

Monthly Payment Breakdown (100% Financing) $330,000 purchase price

Interest Rate: 4.25% (APR 4.526%)

Principle & Interest Payment (Includes VA Funding Fee of 2.15%): $1658.30



Basic Housing Allowance Pay by Rank:

Both with and without dependents, the payment for this property is within ALL BAH rates for Honolulu County – what a steal!

For more information regarding this property, contact the listing agent: Rachel Barnette at or (808) 738-3637.

For more information regarding your VA Loan benefit, I’m happy to answer any questions at or (808) 983-2701.