Earl Lee, Managing Partner

Financing in Your Purchase in Hawaii

Generally the financing process is the same as on the mainland although we may have higher loan limits as Hawaii is defined as a high cost living area.  For example a conforming FNMA conforming loan limit in most of the continental us is $424,100 while in Hawaii the conforming loan limit is $636,150.  For FHA the Honolulu conforming loan limit is $720,050 and differs by island.  The VA loan conforming loan limit is $721,000.  One difference is that all conventional loans originated in Hawaii are recourse loans versus non-recourse in most of the US. 

Hawaii Lending Alliance 

Since most of us do not have a rich uncle that is going to give us the funds necessary to purchase a home, knowing what you can qualify for is an important first step.  Knowing what you qualify for can be secured conveniently and at no cost or obligation, based upon a simple, convenient phone call. 

At Berkshire Hathaway HomeServices Hawaii Realty, we have an affiliation with Hawaii Lending Alliance - a local Hawaii-based Mortgage Broker dedicated to finding the best financing options for you.  

This important foundational step toward home ownership can easily be set up by either texting, sending me an email or just giving me a call and I can arrange for you to meet with Hawaii Lending Alliance.  Armed with a financing determination, you are no longer guessing what you can afford and you will be able to search for suitable properties with confidence because you are ready and prepared.