David Kucic, RA
CRS, GRI, ABR, e-PRO, AHWD
First Sergeant, USA (Ret)
Tropic Lightning Real Estate
Oahu, Hawaii

"SPECIALIZING IN PROVIDING FREE REPRESENTATION FOR VA ELIGIBILE BUYERS AS THEY PURSUE THE DREAM OF HOME OWNERSHIP IN THIS HAWAIIAN PARADISE"

Are you moving to Hawaii soon?  PCS'ing to Schofield Barracks, Marine Corps Base Kaneohe, Tripler Army Medical Center, Camp HM Smith, Hickam AFB, Pearl Harbor or Wheeler Army Airfield?  If so, then you may be able to be that piece of Hawaii real estate that you thought was out of reach.

Remember all the talk about 100% financing on a home mortgage?  Do you hear that anymore?  Probably not unless you are a VETERAN WITH VA LOAN ELIGIBILITY. 

Over the past few years, the maximum amount of entitlement was $625,500 in Hawaii for VA Eligibile Buyers for 100% financing.  There were options to do a VA Jumbo Loan above that amount but it requires a 25% down payment of the difference between the guaranty amount of $625,500 and the loan amount.  That is not the purpose of this post though.

What I want to do is to make you aware that the new Hawaii VA Loan Amount effective August 13, 2008 is $793,750.00.  That is correct - you can obtain 100% financing up to this amount and have no dowm payment.

A few things to think about......

• You will still have to financially qualify for this (credit score, debt to income ratio) Call my "right hand man" and VA APPROVED LOAN OFFICER LOCATED IN HAWAII, JAY OKU at (808) 393-0707 or email him at jay@mortgage808.com. Jay will take care of a no-hassle, pre-approval for you and will also be able to obtain your VA CERTIFICATE OF ELIGIBILITY for you.
• A mortgage payment on $793,750 will be approximately $4,972.07 for a 30 year fixed rate loan at 6.5% interest rate (principal and interest only).  Dont forget to add in property taxes, insurance, maintenance and association fees as appropriate.
• There is still a mandatory VA FUNDING FEE of 2.15% of the loan amount for active duty military with 100% financing and no down payment.  Other categories (Reservists, National Guard and those with money for a down payment will differ slightly on the funding fee.
• Veterans with at least a 10% disability will have the VA FUNDING FEE WAIVED.  That is a huge savings that you deserve for serving OUR COUNTRY to the point of becoming partially disabled.

For any questions you may have about the VA Loan Program in Hawaii, call or email me anytime at (808) 218-9338 or mail to: david@davidkucic.com.

Coming soon to Ewa Beach, Hawaii...... The first new golf course is being built in over 10 years.  It is designed by professional golfer Ernie Els and is called Hoakalei Country Club which is part of Club Corp, The World Leader in Private Clubs.  It is due to open in November 2008.  The course will feature over 7,500 yards from the tips, water hazards, elevation changes, undulating greens and breezy tradewinds. 

There will also be a new marina, hotel, restaurants and more.  For further information, call or email Hoakalei Founding Member David Kucic at the same number and email seen above.

CAMERON KUCIC  is greeted by Ernie Els at the groundbreaking cermony for Hoakalei Country Club in Ewa Beach, Hawaii