Military Members you deserve it. makakilo, HI
By Dave White, VA Loan Hero
(VA LOAN HERO-ALOHA LENDING SERVICES)
recently I have been trying to figure out why the VA Loan is such a tough sale. After-all it is 100% financing and BAH is already being received. As long as a military member retains employment their Mortgage is going to be paid on money that was 100% leveraged. BAH stands for " Basic Housing Allowance" and it is monies that is given to service members towards housing expense. In Hawaii the amount of BAH that is paid is very high as housing is more expensive then most other parts of the United States. The average BAH should support a mortgage payment on a home purchase of around $330,000. In many parts if the United States $330,000 will buy 2500 sq feet with some land and a two car garage. In Hawaii that will buy a 1300 SQ foot condo. To most it would seem very expensive for what one ...