Intro

VA loan entitlement is one of the most important concepts for military buyers to understand before purchasing a home in Mililani. Your entitlement determines how much you can borrow without a down payment, and it directly affects your buying power in a competitive Hawaii market. This post breaks down how VA entitlement works so you can plan your Mililani home purchase with confidence.

What Is VA Loan Entitlement?

VA loan entitlement is the amount the Department of Veterans Affairs guarantees on your home loan. This guarantee protects the lender if you default, which is why VA loans do not require private mortgage insurance. Every eligible veteran or active-duty service member has a basic entitlement amount, and there is also a bonus or second-tier entitlement that increases your borrowing power in higher-cost areas like Hawaii.

  • Basic entitlement covers up to $36,000, which translates to a loan amount of about $144,000.
  • Bonus entitlement allows you to borrow above that amount with no down payment, up to the county loan limit.
  • Honolulu County, which includes Mililani, has a higher conforming loan limit than most of the mainland.
  • Your Certificate of Eligibility from the VA shows your remaining entitlement.

How Entitlement Affects Buying in Mililani

Mililani home prices often exceed the basic entitlement threshold, which means most buyers here rely on their bonus entitlement. If you have full entitlement available, you can purchase a home up to the Honolulu County loan limit with zero down payment. If you have used some of your entitlement on a previous VA loan, your remaining entitlement determines whether you need a down payment for your next purchase. Working with a lender experienced in VA loans helps you calculate exactly where you stand before you start shopping.

  • Check your remaining entitlement before beginning your home search.
  • Ask your lender to explain how the Honolulu County loan limit applies to your situation.
  • If you have a previous VA loan, find out whether restoring your entitlement is an option.
  • Factor in the VA funding fee, which varies depending on your down payment and whether this is your first VA loan use.

VA Entitlement and the Mililani Market

Because Mililani offers a range of property types from condos to single-family homes, understanding your entitlement helps you focus on what you can realistically afford. Condos in Mililani Town may fall well within your entitlement range, while larger single-family homes in Mililani Mauka may push closer to the county limit. Knowing your numbers up front keeps your search efficient and prevents surprises during the loan approval process.

Life in Mililani

Mililani is one of the most popular communities in Central Oahu for military families. Its proximity to Schofield Barracks, clean neighborhoods, strong schools, and abundant rec centers make it a top choice for service members stationed on the island. Many VA buyers find that Mililani provides the quality of life and convenience they want while staying within a manageable commute to base.

Ready to Buy or Sell in Mililani?

If you are thinking about buying or selling a home in Mililani, having local experts who live and work here makes a big difference. We understand the neighborhoods, rec centers, schools, and market trends that matter most for your family.

Call or text us at (808) 829-6819 or click the button below to get in touch.

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