military va loan hawaii: VA CONFORMING LOAN AMOUNTS ON OAHU DECREASE TO $625,500 - 01/16/14 03:57 AM
On January 1, 2014 the VA conforming loan amount maximums decreased from $750K to $625,500.
What does this mean for YOU as an Oahu, Hawaii military servicemember, veteran or retiree?
VA eligible home buyers on Oahu can still get loans of up to $625,500 for zero down. In addition, VA-eligible servicemembers and veterans can still get loan amounts up to $1,000,000, however, a downpayment equal to 25% of the amount above the conforming loan limit will be required for these Jumbo VA Loans.
How does this work?
Example: On Oahu, a VA Loan (Jumbo) may be used to purchase a property … (2 comments)