Island Lending Hawaii LLC
Island Lending Hawaii LLC

  • VA Loans

    You've served us, now let us serve you!


    The VA Home Loan provides veterans with a federally guaranteed home loan which requires no down payment. This program was designed to provide housing and assistance for veterans and their families.

    The Veterans Administration provides insurance to lenders in the case that you default on a loan. Because the mortgage is guaranteed, lenders will offer a lower interest rate and terms than a conventional home loan.  

    A VA loan may also have reduced closing costs and no prepayment penalties.

    Additionally there are services that may be offered to veterans in danger of defaulting on their loans. VA home loans are available to military personal that have either served 181 days during peacetime, 90 days during war, or a spouse of serviceman either killed or missing in action.


    Main Benefits of a VA Loan

    [] No Down Payment

    [] No Mortgage Insurance

    [] Competitive Interest Rate

    [] Limitation on Closing Costs

    [] Relaxed Credit Requirement


    [] 550 Minimum Credit Score

    [] Must be emplyed for at least 2 years or be a current active duty member

    [] Must Have Honorable Discharge

    [] Loan amount restricted to county loan limits

    Advantages - VA Jumbo

    [] VA Jumbo - Up to $1.5 million loan amount. 25% down payment is required on the difference between county loan limit and purchase price. * Ask your mortgage professional for more information on VA Jumbo. 

    Speak to one of our loan professionals now about your VA purchase or refinance.