Address
845 North Marine Corps Drive #202
Tamuning, GU 96913
Email
hello@basetohome.com
Buying a Home: The VA Loan & OHA Strategy
Turn your military housing allowance into long-term equity. Discover how to leverage your zero-down VA Loan entitlement in Guam and use your Overseas Housing Allowance (OHA) to pay your mortgage.
Step-by-Step To VA Purchase
1. Get Pre-Qualified with a Local VA Lender
Work with a local, VA-specialized lender who understands how to underwrite zero-down VA loans. Base To Home can provide you with lender recommendations.
2. Search for Your Home
Target properties that retain high resale and rental value. In Guam, this means looking for attainable price range, split-system air conditioning, and centrally-located neighborhoods.
3. Offer & VA Loan Appraisal
Once your offer is accepted, the home must pass a VA Appraisal to ensure it is structurally sound and safe. Guam has specific environmental factors, so VA appraisers are particular about roof conditions, moisture sealing, and pest damage.
4. Closing & Transfer of Title
After the loan is approved, you will sign your final closing disclosures. Escrow is handled by local title companies.
5. Submit DD Form 2367 for Homeowner OHA
After closing, submit DD Form 2367 through your Housing Office to initiate your homeowner OHA and monthly utility allowance.
Frequently Asked Questions (FAQs)
Yes, the condominium must be VA-approved. Our agents have access to the master list of all VA-approved condo associations.
Homeowners are generally not eligible for the MIHA/Rent portion (which covers rental deposits), but you typically still receive the flat-rate MIHA/Miscellaneous payment to help offset utility connection fees and initial home setup costs.
Because the VA requires you to hold comprehensive hazard and typhoon insurance, your investment is protected. Your policy will cover structural repairs, allowing you to rebuild and maintain the property’s value.