Big Island Real Estate Pahoa, Hilo, Waikoloa, Keeau Hawaii HI Big Island Home Loan

Finance Information

How much home can you afford? Use our finance center to learn about your loan options below. There are several loan programs available, and depending on your credit history, there is bound to be one that is perfect for you. Here are a few examples of the most popular programs offered today:

There are various types of Loans for Hawaii - The Big Island

Fixed-Rate Loans

The fixed-rate mortgage is the most popular mortgage program in use today. Fixed-rate loans offer the borrow a fixed interest rate for the life of the loan, typically 15 to 30 years. Borrowers have peace of mind knowing that their monthly payment will not change over time. Conventional fixed-rate mortgages have underwriting requirements established by Freddie Mac and Fannie Mae, and require certain down-payment and debt-to-equity ratios to qualify. Fixed-rate loans are especially attractive to buyers who plan to stay in their home for more than a few years.

Adjustable Rate Loans

With an Adjustable Rate Mortgage (ARM), the interest rate changes periodically, and payments go up or down accordingly. Rates are tied to an index that reflects the cost of money at any given point in time. Generally speaking, lenders charge a lower initial interest rate for the ARM than for the fixed rate mortgage. If you are expecting interest rates to decrease in the future, or if you are trying to maximize your purchase power today knowing your income will rise in the future, then this loan may be right for you. Adjustable rate loans are attractive for buyers who expect to be in the home for a short period of time.

FHA and VA Loans

The Federal Housing Administration (FHA), offers loans for low-to-moderate-income home buyers. FHA loans have lower down payments, and have relatively easier requirements than conventional fixed-rate mortgages. FHA mortgages have no income restrictions and even those with lower credit scores may be considered. Past bankruptcy does not necessarily disqualify borrowers from using this program!

In addition, the Department of Veterans Affairs (VA) offers a zero-down mortgage program. To take advantage of this program, borrowers need to be among those listed as veterans and service personnel in the U.S. military. One of the biggest benefits of this program is that it eliminates the need for private mortgage insurance!

Local Homebuying Program

There are often many state and local programs available. These programs offer down-payment assistance and programs for local home ownership. Learn more about these local programs, recommended lenders, and other finance options by contacting us today!

 

Contact Information

Photo of Howard Dinits R(B) Real Estate
Howard Dinits R(B)
Dinits Realty
2763 Panepoo Street
Kihei HI 96753
Direct: 808-965-8118
Cell: 808-896-1593
Fax: 877-334-6487

Success is getting paid for doing what you love. Call me FREE 1-877-434-6487 I want to be your Big Island Broker - Hawaii Real Estate agent  

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Please Note:
This service is provided By Howard Diniits R(B) to you for FREE.
All we ask is, that you  . . .  Please contact us toll FREE 877-434-6487 when you are ready to make an offer as this is how we make our living and are able to pay to improve and maintain this website for your use.

Each and every seller on this site has agreed through the Multiple Listing Service, to pay me a commission. So it doesn't cost you any more to have the BEST Real Estate Agent help you. You will most likely save money by working with me, by utilizing my negotiation skills and the various business arrangements I have with the service providers you will need throughout your buying process.

Be sure to contact Howard either via email or phone 877-434-6487 if you have any questions or are ready to make an offer.

Mailing Address:
Howard Dinits PO BOX 2249 Kihei HI 96753
Direct Phone 808-874-0600  e-mail Howard@HowardDinits.com

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