Aloha,
Just some VA basics that will be helpful to all in the industry
1. max Loan limit in Honolulu County is $1.5 million dollars.
2. max Loan Limit with zero money down is $783,750 ( High balance)
3. If a Va client is purchasing 1.5 mil they have to come in with the 25% of the difference between $783,750 and $1.5 million. Plus closing cost and funding fee. The difference is $179,062.50 The funding fee would be $28,400.17 and the closing cost would be around $39,628 minus the non allow-ables.
Mahalo For stopping by to see the VA Loan Hero.
Thats all folks
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