100 Percent Zero Down Hawaii Home Loans

Your online source for 100 Percent Zero Down Hawaii Home Mortgage Loans.

Call 888.694.0455 ext 85 or apply online to get started

Credit history does not need to be perfect. If your going Full DOC, your FICO needs to be around 580, if you want to go stated, then 620 or better for Hawaii Zero Down Loans

You can have 100% loans in Hawaii with this great Zero Down option with little or NO CLOSING COSTS. This program is great for just about everyone that has a great credit history.

In this difficult economy where stock valuations are questionable, one of the best investments is real estate. But for many potential buyers, the problem is coming up with a down payment to make this all-important purchase. This should not be the case. It is possible to buy a home with nothing down, meaning no down payment. There are several methods by which eligible home buyers can minimize or even eliminate down payments. They include: VA loans, Owner financing, Lease/purchase, House trading, Job-related federal programs, and State and local government programs.

VA Loans- The method of purchasing a home with no down payment that most people are familiar with is through the Department of Veterans Affairs, or VA. This benefit is available to active and retired members of the military service, veterans, POW's and MIA's and their unmarried widows. All branches of the service including the Coast Guard are eligible. Also members of Selected Reserves or National Guard who have completed six years may be eligible along with many with WW II service from the merchant marines, military academies and others pulled into service for the war effort.

House Trading, Lines of Credit- Many professional investors acquire homes with no money down by trading one property for another. In some cases, they trade one large property for several smaller rental properties. Or they trade houses in different cities to acquire a vacation or retirement home. Property trading is also a legal way to avoid the capital gains associated with selling a property. Another way to acquire a property with no money down may be with a line of credit secured by the equity in another property. This allows the homeowner to purchase another property using the accumulated equity in a home without selling the original property.

HUD- The Office of Housing and Urban Development (HUD) offers special financing for first-time home buyers. This program is based upon need and is designed to allow low-income families to obtain their first home without a significant down payment or closing fees. Also, many HUD foreclosure homes require no down payments.

Local Programs- Some states, counties and cities offer programs that can eliminate down payments. For example, Hawaii offers their Hula Mae program. Often, prospective home buyers must meet income requirements, hold certain jobs, be a first-time buyer or agree to buy in a specific area. The goal of homeownership should be achievable by almost everyone who desires it.