If you're house-hunting on Oahu, chances are you're feeling the squeeze from high mortgage interest rates. With rates climbing from historic lows of around 2.75% to nearly 7%, it’s no wonder many buyers are hesitating.
National Mortgage Rates From June '21 to June '25
But there’s a lesser-known path to homeownership that could save you thousands: assumable VA loans.
What Is an Assumable VA Loan?
This unique financial tool allows a buyer to take over—or "assume"—a veteran's existing mortgage, preserving the original, much lower interest rate.
Why This Matters
Instead of taking on a 7% loan, you could be locking in a mortgage at 2.5%—an enormous savings over the life of the loan. This option is only available to qualifying owner-occupants and is currently underused due to lack of awareness.
How Many Are Available?
Today, the Oahu MLS shows nearly 200 active listings with assumable VA loans—covering single-family homes and condos across the island, including hotspots like Ewa Beach, Town, Windward Side, and the North Shore.
How to Access the List
A custom-built list separates available single-family homes and condos, so you don’t have to dig through MLS manually. Just contact us to get your copy and start browsing properties that offer better financing than most banks can.
Is this your path to affordable homeownership on Oahu?
Call us at 808-371-3509 to explore if an assumable VA loan is right for you.