VA Home Loan Benefits
- No Down Payment is required. (Up to a total loan amount of $793,750.00 including financed funding fee on purchase transactions, in the county of Honolulu Hawaii.)
- No PMI (private mortgage insurance). VA guaranties 25% of the appraised value of the home allowing the veteran not to have to pay for PMI.
- The Veteran can refinance their current VA loan to reduce their interest rate and include closing costs without qualifying, regardless of property value.
- The seller can pay all or part of the closing costs associated with the process and closing of the mortgage.
- Disabled veterans are exempt from funding fee.
- Credit and Income standards are not as strict as conventional loans.
- No prepayment penalties.
- Cash out refinances up to 100% of apprasied value
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