military: 2013 Hawaii VA Mortgage Limit for 100% Financing - 12/24/12 10:04 PM
Beginning January 1st, 2013 the VA Mortgage limits for 100% financing for Hawaii will be going down slightly on Oahu (from $756,00 in 2012), the neighbor islands will remain the same.
For Oahu County is will be: $750,000 For all other Hawaii Counties it will be: $625,500. VA Jumbo loans will be handled the same way as in the past.  Most of the Hawaii lenders require 25% down payment for anything over the limit.  For example a purchase of $1,000,000 on Oahu would require $67,500 down, compared to a conventional loan that would require $200,000 down or mortgage insurance.
If you … (8 comments)

military: 2012 Hawaii VA Mortgage Limit for 100% Financing - 12/05/11 08:11 PM
Beginning January 1st, 2012 the VA Mortgage limits for 100% financing for Hawaii will be going down a little.
For Oahu County is will be: $695,750
For all other Hawaii Counties it will be: $625,500
VA Jumbo loans will be handled the same way.  Most of the Hawaii lenders require 25% down payment for anything over the limit.  For example a purchase of $795,750 on Oahu would require $25,000 down.
If you are looking to purchase a home in Hawaii and you are considering using your VA benefit, please contact me and I can walk you through the process.
Good luck … (3 comments)

military: Loan Officers With Better Deals Than VA Are Probably Lying - 02/07/08 04:24 AM
Strong words?  I don't think so. 
I have spoken to many Military folks who were steered away from using their VA benefits when buying a home.  When a mortgage broker or an out of state lender tells someone with VA benefits that they have a better deal; it is probably better for the loan officer, not the borrower.  Here are a few reasons why some loan officers have consistently pushed vets away from using a VA Loan:
They are not set up to do VA loans.They can not charge the junk fees.They do not make as much money on them.They are not … (21 comments)

military: Military Relocations to Hawaii - 01/15/08 11:24 AM
This blog post has been moved to ProtheroGroup.com: Military Relocation to Hawaii? Some Things you Should Know
 
(2 comments)

military: 2008 Military - Monthly BAH (Basic Allowance for Housing) for Honolulu County - 12/13/07 09:21 PM
The New 2008 Military Basic Allowance for Housing were posted on November 11, 2007. 
Listed below are the rates for Honolulu County by rank.
To look up the rates in your community: http://perdiem.hqda.pentagon.mil/perdiem/bah.html
 
(10 comments)

military: Military Construction Budget for Hawaii May Triple - 02/12/07 04:26 AM
If President Bush's budget, that is currently before congress passes the military would spend $553 million on construction projects in Hawai'i next year..
The llist of projected construction items for Hawaii:
$99.9 million facility at Pearl Harbor to help submarines maintain their stealth.$16.5 million expansion to the Air Force's surveillance operations center at Hickam Air Force Base.$65.4 million for a Naval Computer and Telecommunications Area Master Station in Wahiawa. $121 million for barracks at Fort Shafter, Wheeler Army Air Field and the Marine Corps base in Kane'ohe.$136.3 million to continue building a National Security Agency regional operations center.$88 million to continue the 20-year … (4 comments)

military: Pearl Harbor – We Should Never Forget - 12/08/06 02:26 AM
The first Picture shows the beginning and end of WWII.  The Arizona Memorial and the Battleship Missouri.
The letter below is from my brother Russ a great guy, a great Realtor and a Marine.
A family member sent this article of the USS Reagan. In the back ground you will see the Arizona Memorial what you don't see is the Missouri moored just to the left of the Photo. Essentially at this location is the beginning and the ending of WWII. Pearl Harbor attack and the signing of the surrender of the Japanese on the decks of the Missouri.         I hope we never … (16 comments)

military: Pearl Harbor Day - The First Event of WWII - 12/08/06 01:59 AM

Attached is a part of the WWII event that started the war.  The story below is from my brother about his part in 1969.  Attached below is a letter he sent out to his friends.
Hi Folks, 
                Back in 1969 I was in the Marine Corps stationed in Kaneohe, Hi. A couple of guys and myself were looking for shells on base at the beach right across the road from the riding stables. Now you should know that Kaneohe was the first base hit when the Japanese bombed Pearl Harbor. Kaneohe was at that time a Navy base and was home to a PBY … (6 comments)

military: Buyers are Sometimes Their Own Worst Enemies - 11/27/06 04:46 AM
I do a fair amount of business with young first time buyers.  Many are active duty military.  Working with young buyers can be a mixed blessing.
On one hand it is so rewarding taking a renter and making them a home owner.  The look on someone's face when I give them the keys to their new home makes what I do such a joy.
On the other hand you run into the occasional character that just makes you wonder about the future.                                                        
I had one client who was renting near my home.  He was an E-6 in the Military.  He had more than … (12 comments)

military: Military Bases are a Great Source of Clients - 11/13/06 08:37 PM
If you are near a military base there are many opportunities for selling homes and picking up buyers.
Active duty military not only a base pay, but a housing allowance.  In expensive places such as Hawaii they also receive a cost of living allowance.
           
VA Loans have been an extremely effective tool in my business.  Most of my buyers have been either active duty military or retirees.
One great resource for posting your listings if your are near a base is the DOD referral website:  http://www.dodreferral.com/index_mil.php  I post all listings in the area there.  It is free and the response rate has been … (10 comments)

military: VA Loans are Such a Powerful Benefit/ Tool - 11/06/06 04:15 AM
                                                                                                                
I am so amazed by how many Realtors and lenders in Hawaii shy away from VA loans.        
The VA does not look at credit scores, making qualifying easier in some cases            Lower closing costsLower monthly payments; Federally guaranteed, no risk to lender, no mortgage insuranceAutomated loan processing in most cases.  Can close faster than conventional loans in most transactions.One of of the few types of mortgages that are assumable.  A potential big deal in the future if interest rates were to climb.Higher closing rate for VA loans over conventional loans.The VA cap in 2006 is $625,000.  The Honolulu Basic Housing Allowance (BAH) … (2 comments)

military: Lead Services - any success stories? - 11/06/06 12:25 AM
I have tried a few lead services.  The few I tried only made money for the service.
Have any of you had different results?
(9 comments)

 
Randy Prothero, Hawaii REALTOR, (808) 384-5645 (Island Style Realty Inc.) Rainmaker large

Randy Prothero

Hawaii REALTOR, (808) 384-5645

Mililani, HI

More about me…

Island Style Realty Inc.

Address: 94-539 Puahi St., Waipahu, HI, 96797

Mobile: (808) 384-5645

Office: (808) 671-2225

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