As we get to the end of another year a few things will change. One of them is the Basic Housing Allowance for our active duty troops stationed in Honolulu County (Island of Oahu). The rates had a slight decrease from the 2008 levels. Those who are already stationed here will be grandfathered in at the previous rate. BAH in Honolulu County is much higher than most parts of the country. Coupled with VA Mortgages, buying a home is a viable option for our troops in Hawaii.
2009 Military Housing Allowance Monthly BAH (Basic Allowance for Housing) for Honolulu County.
The VA mortgage cap for 100% financing in Honolulu County is: $783,750. (Larger amounts will require some down payment.)
|
RANK
|
WITH DEPENDANTS
|
WITHOUT DEPENDANTS
|
|
RANK
|
WITH DEPENDANTS
|
WITHOUT DEPENDANTS
|
|
E-1
|
$1,949
|
$1,555
|
|
W-4
|
$2,788
|
$2,306
|
|
E-2
|
$1,985
|
$1,555
|
|
W-5
|
$2,967
|
$2,434
|
|
E-3
|
$1,985
|
$1,555
|
|
O-1E
|
$2,431
|
$2,043
|
|
E-4
|
$1,985
|
$1,555
|
|
O-2E
|
$2,607
|
$2,144
|
|
E-5
|
$2,043
|
$1,757
|
|
O-3E
|
$2,816
|
$2,274
|
|
E-6
|
$2,247
|
$1,868
|
|
O-1
|
$2,069
|
$1,855
|
|
E-7
|
$2,403
|
$1,955
|
|
O-2
|
$2,269
|
$2,011
|
|
E-8
|
$2,545
|
$2,088
|
|
O-3
|
$2,627
|
$2,191
|
|
E-9
|
$2,745
|
$2,160
|
|
O-4
|
$3,043
|
$2,416
|
|
W-1
|
$2,276
|
$1,913
|
|
O-5
|
$3,334
|
$2,502
|
|
W-2
|
$2,461
|
$2,087
|
|
O-6
|
$3,361
|
$2,633
|
|
W-3
|
$2,633
|
$2,167
|
|
O-7+
|
$3,401
|
$2,686
|
- E= enlisted
- W= warrant officers
- O-1E= officers with enlisted experience
- O-1= commissioned officers with no prior enlisted experience
If you are active duty or a former member of the military and interested in learning how to buy a home utilizing your VA benefits on Oahu; I would be pleased to help you get started.
If you are civilian and wondering what programs are available for you to buy your first home, please feel free to contact me.
My services are normally free to buyers.
;)
;)
For most ranks the decrease was $50 or less.