Check VA Eligibility and You May Find a Lot of New Buyers

By
Real Estate Agent with Hawaii Military Realty, Inc.

by David Kucic, Hawaii Real Estate Agent

Hawaii Real Estate 

 

The island of Oahu has a large amount of military bases and military facilities.  It is the home to every single branch of the Armed Forces.  Is there another state that can claim that?  California or North Carolina maybe?

As of July 2004, there were approximately 44,567 service members that live on the island.  This included all active duty, reservists and guardsmen.  Since that time there has not been a significant change in the amount of forces but it has increased slightly.  There have been units de-activating and new units being brought in.

That is a lot for one island! 

And where were they all stationed?  Schofield Barracks which is home to the United States Army 25th Infantry Division, Wheeler Army Airfield, US Navy Operations Kunia Tunnel, Kaneohe Marine Corps Base, Hickam Air Force Base, Pearl Harbor, United States Coast Guard Station Honolulu, Tripler Army Medical Center, Camp Smith, Barbers Point Naval Air Station which houses the aircraft for the Coast Guard, Lualualei Ammunition Storage Facility, Iroquois Point Naval Magazine and numerous National Guard Armories around the island.  Is there anything that I missed?

All of these men and women earn their eligibility for a VA home loan after they have been on active duty for 180 days. National Guardsmen and Reservists that have been activated to deploy overseas now have that entitlement as well.  The criteria are different for retirees and ex-military depending on when they served.  The VA home loan entitles them to great interest rates, an opportunity to buy with less than perfect credit, and 100% financing with no PMI to name a few of the attractive reasons of the program.  Check with your favorite lender and maybe you can open a whole new world of buyers.

If you are not in a military market have you asked your buyers if they spent any time on active duty?  It may be worth it to you and them.  There may be ( I am sure there are) people who cannot buy because they don't have money for a down payment or closing costs.  This may be a perfect opportunity for them to buy.  Have them use their VA eligibility and have the seller pay their closing costs.  Its working great here in Hawaii!  One of my greatest senses of accomplishment was getting a 70 year old former United States Marine into a property after he had been a career renter.  He had no idea that he was qualified for the loan program.  He was the father of my one my old Army buddies.

Aloha From Hawaii,

David Kucic, Hawaii Real Estate Agent

http://www.davidkucic.com/

MILITARY BASES, POSTS AND FORTS ON OAHU, HAWAII AND POHAKALOA TRAINING AREA BIG ISLAND OF HAWAII

Schofield Barracks: Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii Schofield Barracks and adjoining Wheeler Army Airfield are the 2nd Brigade, 3rd Brigade, Aviation Brigade, 45th Sustainment Brigade and the 8th Military Police Brigade.  In addition, the 8th Theatre Sustainment Command, 65th Engineer Battalion, 25th Special Troops Battalion and the 556 Personell Service Battalion are also part of the Division team and play an integral role in the success of the Division.

There are also two Brigades that are stationed in other locations.  The 1st Brigade is stationed at Ft. Lewis, Washington and the 4th Brigade is stationed at Ft. Richardson, Alaska.

The 25th Infantry Divison has proudly served in numerous wars and conflicts around the globe.  The Soldiers that make up the division are currently deployed to several locations to include Iraq.

Pearl Harbor: Pearl City, Pearlridge, Aiea, Salt Lake, Honolulu, Waipahu, Oahu, Hawaii

Hickam Air Force Base: Pearl City, Pearlridge, Aiea, Salt Lake, Honolulu, Waipahu, Oahu, Hawaii

Marine Corps Base Kaneohe: Kaneohe, Kailua, Oahu, Hawaii

Camp H. M. Smith: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Tripler Army Medical Center: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Fort Shafter: Salt Lake, Moanalua, Honolulu, Aiea, Pearl City, Pearlridge, Oahu, Hawaii

Wheeler Army Airfield: Mililani, Wahiawa, Kapolei, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Helemano Military Reservation: Wailaua, Wahiawa, Mililani, Haleiwa, Oahu, Hawaii

Kahuku Training Area: Kahuku, Oahu, Hawaii

Kilauea Military Reservation: Hilo, Kona, Hawaii

Pohakuloa Training Area: Hilo, Kona, Hawaii

Makua Military Reservation: Waianae, Nanakuli, Makaha, Oahu, Hawaii

 

 

TEMPORARY LODGING FACILITIES FOR THE ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES ON OAHU, HAWAII

The Hale Koa Hotel on Waikiki Beach: Honolulu, H

The Inn at Schofield Barracks: Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

The Royal Alaka'i at Hickam Air Force Base

The Lodge at Kaneohe Bay and the Cottages at Kaneohe Bay

Navy Lodge Hawaii at Pearl HarborThe Beach Cottages at Kalaeloa (formerly Barbers Point NAS): Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Tripler Army Medical Center Guest House

Bellows Air Force Station Beach Cabins

 

GOLF COURSES ON OAHU, HAWAII FOR ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES

 

Leilehua Golf Course (Army, Schofield Barracks) Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Walter Nagorski Golf Course (Army, Ft. Shafter)

Mamala Bay Golf Course and Kealohi Golf Course (Air Force, Hickam AFB)

Kaneohe Klipper Golf Course (Marine Corps, Kaneohe Bay)

Barbers Point Golf Course (Navy, Barbers Point): Mililani, Wahiawa, Kapolei, Waipahu, Ewa Beach, Waipahu, Makakilo, Oahu, Hawaii

Navy Marine Golf Course (Obvious Right?)

 

COMMISSARIES ON OAHU, HAWAII FOR ARMY, NAVY, AIR FORCE, MARINE CORPS, COAST GUARD, RESERVISTS, NATIONAL GUARD, DOD CIVILIANS AND RETIREES

Schofield Barracks Commissary near Wahiawa, Waipahu and Mililani, Hawaii  Kaneohe Marine Corps Base Commissary near Kaneohe and Kailua, Hawaii             Barbers Point Commissary near Kapolei, Ewa Beach and Makakilo, Hawaii            Pearl Harbor Commissary and Hickam Air Force Base Commissary which are both near the cities of Pearl City, Pearlridge, Aiea and Honolulu.

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Rainmaker
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Randy Prothero
eXp Realty - Mililani, HI
Hawaii REALTOR, (808) 384-5645
About 70% of my buyers utilized VA financing the last two years.  We are in a small group of agents who specialize in military business.  Many agents i deal with have no idea how VA even works. 
Jan 12, 2007 08:59 PM #1
Rainmaker
161,393
1SG (Ret.) David Kucic
Hawaii Military Realty, Inc. - Ewa Beach, HI
President and Owner

by David Kucic, Hawaii REALTOR

Hawaii Real Estate

Randy-You do great with VA loans and you are by far one of the most people oriented and caring agents (not to mention professionally competent) that I have ever met.  That was the reason I wrote this blog....to let others know that there may be buyers out there that dont know they are buyers because they dont know they have VA eligibility.  My dad who served from 1952-1956 had NO IDEA that he was elgibile!  I told him a few years ago and he couldnt beleive it.

Aloha From Paradise,

David Kucic, REALTOR

http://www.davidkucic.com

Jan 13, 2007 05:49 AM #2
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Rainmaker
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1SG (Ret.) David Kucic

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