If you want to buy a home in Kaneohe or Kailua with a VA loan, you’re probably going to be competing against several other buyers.
You may also have heard that sellers are a bit skittish about VA offers which, generally speaking, is true. Let me explain why, and then I’ll discuss possible actions you can take to make your VA offer more appealing to sellers.
The policy behind the VA loan is that the Veteran’s Administration wants qualified veterans or active duty military to be able to purchase a home without putting money down. Note that the VA doesn’t lend money; it guarantees to the bank lender that the loan will be paid. So you’re still dealing with a private bank for obtaining your loan.
Currently on Oahu a veteran can purchase a...