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Buying a home in Schofield Barracks, HI

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To buy a home in Schofield Barracks, HI, start by getting pre-approved, then compare FHA (3.5% down), conventional (3% down), VA and USDA options and check whether you qualify for Hawaii Housing Finance and Development Corporation (HHFDC) down payment assistance. Loan limits, property taxes (about 0.27% statewide) and local prices shape your monthly payment.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Schofield Barracks offers buyers a smaller-city feel within Hawaii, and prices can differ noticeably from the state's largest metros. In a premium-priced state, jumbo and high-balance conforming loans are common considerations.

What are the 2026 loan limits for Schofield Barracks?

Schofield Barracks is in Honolulu County, where the single-family FHA limit is $828,000 (max price ≈ $858,000 with 3.5% down) and the conforming limit is $1,249,125. Loans above that are jumbo loans.

Is there down payment assistance in Schofield Barracks?

What mortgage options do Schofield Barracks buyers have?

  • Conventional Loan — Not government-backed; as little as 3% down for first-time buyers, PMI removable at 20% equity.
  • FHA Loan — Government-insured; 3.5% down with a 580 credit score and flexible debt-to-income rules.
  • VA Loan — For eligible veterans, service members and surviving spouses: 0% down and no monthly mortgage insurance.
  • USDA Loan — 0% down for moderate-income buyers in eligible rural and suburban areas.
  • Jumbo Loan — For loan amounts above the conforming limit; usually 10–20% down and 700+ credit.
  • First-Time Home Buyer Loans — Low-down-payment loans plus state assistance programs designed for first-time buyers.
  • Self-Employed Mortgage — Options for business owners and 1099 earners, including tax-return and bank-statement loans.
  • DSCR Purchase Loan — Investment-property loans qualified on the rental income of the property, not personal income.
  • New Construction Home Loans — Financing for a newly built home from a builder, or for building your own with a construction-to-permanent loan.

How much will I pay in property taxes in Schofield Barracks?

Homeowners in Hawaii pay a median of $2,183 a year in property taxes — an effective rate of about 0.27% of the median home value, below the national average, which helps keep monthly payments down (Census ACS). Actual rates vary by county and municipality. Ask your agent for the specific property's tax history.

Nearby cities (Honolulu County first)

HonoluluEast HonoluluPearl CityWaipahuKailuaKaneoheMililani TownEwa GentryKapoleiMililani Mauka

Schofield Barracks home buying FAQs

We've verified 1 applicable city, county and statewide program for Schofield Barracks buyers, ordered by scope on this page with official links and verified dates. Confirm each program's borrower and property requirements.

Schofield Barracks is in Honolulu County, where the 2026 FHA limit is $828,000 and the conforming limit is $1,249,125 for a single-family home.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.