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VA Loan ProgramSolid Rock Home Loans is committed to Serving Hawaii's Veterans. In the past five years we have originated over $8,000,000 in VA Home Loans to over 20 Veterans and families in Hawaii.
Solid Rock Home Loans supports the 15th Services Squadron 'Ohana Luncheon' on Hickam Air Force Base and The Disabled American Veteran Organization.
Our goal is to educate and provide every Veteran the opportunity to purchase a home in Hawaii.
The VA Home Loan is an excellent Loan Program which the Veteran can use to achieve their dreams of Home ownership.
VA Home Loan Facts:
- No down payment or mortgage insurance
- Competitive 30 year fixed interest rate
- Maximum loan amount of $625,500 (Hawaii)
- Owner Occupant Only
- Able to finance 1-4 unit dwelling
- 4% max seller credit allowed
- Easier qualifications
- Eligibility for active duty - 90 or more day, retired, or reservist
- No Appraisal needed when you refinance
- Funding Fee paid to the VA can be included in your loan amount.
2007 Schedule of Basic Allowance For Housing (BAH)
BAH (Without Dependents) BAH (With Dependents)
| Rank |
Allowance |
Loan Amount |
|
Allowance |
Loan Amount |
| E1 |
$1,491 |
$242,064 |
|
$1,925 |
$312,551 |
| E2 |
$1,491 |
$242,064 |
|
$1,925 |
$312,551 |
| E3 |
$1,491 |
$242,064 |
|
$1,925 |
$312,551 |
| E4 |
$1,491 |
$242,064 |
|
$1,925 |
$312,551 |
| E5 |
$1,709 |
$277,470 |
|
$2,035 |
$330,416 |
| E6 |
$1,830 |
$297,122 |
|
$2,412 |
$391,646 |
| E7 |
$1,933 |
$313,850 |
|
$2,553 |
$414,546 |
| E8 |
$2,109 |
$342,435 |
|
$2,708 |
$439,720 |
| E9 |
$2,226 |
$361,437 |
|
$2,892 |
$469,604 |
| W1 |
$1,883 |
$305,730 |
|
$2,414 |
$391,971 |
| W2 |
$2,108 |
$342,273 |
|
$2,616 |
$424,778 |
| W3 |
$2,237 |
$363,224 |
|
$2,804 |
$455,311 |
| W4 |
$2,447 |
$397,330 |
|
$2,925 |
$474,963 |
| W5 |
$2,587 |
$420,068 |
|
$3,065 |
$497,701 |
| O1E |
$2,035 |
$330,416 |
|
$2,583 |
$419,418 |
| O2E |
$2,200 |
$357,215 |
|
$2,776 |
$450,764 |
| O3E |
$2,412 |
$391,645 |
|
$2,947 |
$478,536 |
| O1 |
$1,815 |
$294,686 |
|
$2,078 |
$337,400 |
| O2 |
$1,997 |
$324,245 |
|
$2,403 |
$390,184 |
| O3 |
$2,277 |
$369,720 |
|
$2,797 |
$454,175 |
| O4 |
$2,567 |
$416,820 |
|
$3,124 |
$507,445 |
| O5 |
$2,661 |
$432,086 |
|
$3,352 |
$544,313 |
| O6 |
$2,804 |
$455,311 |
|
$3,380 |
$548,860 |
| O7 |
$2,860 |
$464,406 |
|
$3,419 |
$555,195 |
| O8 |
$2,860 |
$464,406 |
|
$3,419 |
$555,195 |
The above example is based on an interest rate of 6.25%, 30 year fixed rate VA Loan. All eligible Veterans must qualify for the VA loan. APR 6.415%, 1% loan fee, and 100% financing.
Please contact us for more information.
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