Understanding the New 2025 VA Loan Limits for Oahu
As we approach 2025, prospective homebuyers in Oahu should be aware of the updated VA loan limits that could significantly impact their purchasing power. The maximum entitlement for VA loans is determined by the county where the property is located, and for Oahu, there is a notable change on the horizon. If you are not in Honolulu County (Island of Oahu) , you can check you loan limits HERE.
Starting in 2025, the VA loan limit for one-unit properties on Oahu will increase from $1,149,825 to $1,209,750. This adjustment reflects the rising property values in the area and aims to provide veterans and active-duty service members with greater flexibility when purchasing a home.
It's important to note that this loan limit applies specifically to only those who do not currently have full VA entitlement. For veterans with full entitlement, there is no maximum loan amount, although lenders may still impose their own limits based on creditworthiness and other factors.
The increase in the loan limit is a positive development for those looking to enter the competitive Oahu real estate market. It allows eligible buyers to finance a larger portion of their home purchase without needing a substantial down payment, making homeownership more accessible.
As always, it's advisable for potential buyers to consult with a knowledgeable VA loan specialist to understand how these changes may affect their individual circumstances and to ensure they are making the most of their VA benefits. With the new loan limits in place, 2025 could be a promising year for veterans and service members looking to call Oahu home.
REACH OUT TO YOUR MILITARY REALTOR TODAY FOR MORE INFORMATION!
Yvonne Jaramillo Ahearn, RB-20262, 808-721-8088
