If you're active duty military and have considering buying a home or condo on Oahu, now may be the time. This year, the BAH rates in Honolulu County have increased by 14.7% over the previous year!
Calling all Army, Navy, Coast Guard, Marine and Air Force renters...
Now that the housing allowance is up, Buyers may now qualify for a property they would have liked to purchase, however could not have afforded previously. The skeptics could argue that our market has increased since last year (hence the rise in rates). This is even better news for new military personal that are PCSing to Oahu as they would not have yet signed a long term rental lease. I'd recommend taking a look at your current BAH rates and see what it is you can qualify for.
Next step is to get in touch with a lender (let me know if you need some names). If you're PCSing in the near future, feel free to visit my military page to see some of the housing options and neighborhoods near our installations here on Oahu. We're to help when you're ready.