Military Relocation Guide for Oahu, Hawaii
There are many advantages to buying a home in
Hawaii if you are in the military moving to Hawaii. These advantages
include using your BAH to buy a home (See our BAH renting
vs. buying chart), and easy access to VA loans.
If you are an active Armed Service member moving to Oahu, you will need to figure out where you want to live on the island.
New Search Tool! |
You can search for homes within 1-15 miles of any military base on Oahu with our Proximity search tool! |
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To aid in your property search we have create the map below which highlights the 8 major military installations on Oahu that you might be stationed or work at: Camp Smith, Fort Shafter, Hickam AFB, Kaneohe Bay MC Base, Pearl Harbor Naval Complex, Schofield Barracks, and Tripler Army Medical Center.
Below the map we have included an easy reference guide which includes information about specific neighborhoods that are near each military base, and the approximate distance from the base to the specific neighborhodd. We hope this feauture helps you to familiarize yourself with theisland as a whole, as well as narrow down your property search to the areas that will fit your needs best.
Map of Military Bases On Oahu
Hint: You can click on the colored areas to see the names of the bases, and scroll in to see more detailed neighborhood views.
Public Schools Serving Military Bases Guide, From the Department of Education
Below is a list of Military Bases on Oahu and a short list of close neighborhoods.
Buying vs. Renting: 2009 BAH Chart for Oahu
Below is a chart that shows how much housing allowance by rank you might be spending on rent that could be invested in a home.
VA Loans
If you are in the military, chances are you are eligible for a VA loan. Below are some advantages to VA Loans.
- No down payment on sale
prices up to $783,750.
- Entire down payment and
closing costs, etc. may be
gifted or paid by the seller.
- The current VA
maximum loan limit is $1,500,000.
- No mortgage insurance
- No pre-payment penalty.
- Loans are assumable
- Financial counseling provided
by VA.
ELIGIBLE BORROWERS: Includes veterans who served in the military for a
minimum of 90 days during wartime or 181 days of continuous active duty during
peacetime periods before 9/7/80; or 2 years between 9/8/80 and the present and
received an honorable discharge. Reservists who have completed 6 years of
duty may be eligible (temporary until 10/28/99). Note: certain service, discharge,
and/or survivor benefits may affect eligibility.
ACTIVE DUTY SERVICE MEMBERS: Active duty personnel should obtain “Statement of Active Military
Duty” (SAMD) from their Company Officer, reflecting current rank and length of service, as soon as possible. A sample
form may be obtained from Wells Fargo Home Mortgage of HI (WFHM).
AUTHORIZATION TO RESIDE OFF-BASE – ACTIVE MILITARY ONLY
For active duty personnel currently living on base who will use housing allowance (BAH) as qualifying income, a completed
DD-1747 must be obtained from the Base Housing Office. Officers are exempt.