Hawaii VA Home Mortgage
Loans
Apply
for a Hawaii VA home loan or
Call us in Hawaii at
888.694.0455 ext 85
Veterans Administration
guaranteed home loans:
Your source for Hawaii
Veterans VA home mortgage loans. If you are a US Veteran, we can
help you.
- No money
down 100% financing available for veterans.
- Up
to $625,500 is available to Hawaii veterans
- Nontraditional
credit history is considered
- Expanded credit
criteria.
- Seller may
contribute up to 6% toward the closing costs.
- Veteran must
have certificate of eligibility from the Veterans Administration
A Hawaii VA home mortgage
loan is a great choice for those who have served our country. They
are very attractive because allow some flexibilty other programs
can not provide. It is not uncommon for veterans to buy their homes
with no money down and it is the VA loan program
that makes this easy to do. The VA also guarantees the lender on
the loan. This means veterans do not need to pay for private mortgage
insurance (PMI). Closing costs can also be reduced with this program.
In addition to the benefits
found in above, the Veterans also have some great
refinancing options.The Interest Rate Reduction Loan (IRRL)
makes refinancing your VA loan easy and affordable.
- Get a lower interest
rate
- No appraisal required.
- No income or credit
check to qualify
- Cash out is okay!
- Don't need to pay
up front (closing cost can roll into the new loan)
VA guaranteed loans are
made by private lenders, such as banks, savings & loans, or
mortgage companies to eligible veterans for the purchase of a home
which must be for their own personal occupancy. The guaranty means
the lender is protected against loss if you or a later owner fail
to repay the loan. The guaranty replaces the protection the lender
normally receives by requiring a down payment allowing you to obtain
favorable financing terms.
Here is how the process
works:
1. Select a home and
discuss the purchase with the seller or selling agent. Sign a purchase
contract conditioned on approval.
2. Call us and present us with your Certificate of Eligibility and
complete a loan application.
3. We will develop all credit and income information. We will also
request VA to assign a licensed appraiser to determine the reasonable
value for the property. A Certificate of Reasonable Value will be
issued. Note: You may be required to pay for the credit report and
appraisal unless the seller agrees to pay.
4. We will let you know the decision on the loan. You should be
approved if the established value and your credit and income are
acceptable.
5. You (and spouse) attend the loan closing. We or closing attorney
will explain the loan terms and requirements as well as where and
how to make the monthly payments. Sign the note, mortgage, and other
related papers.
6. The loan is sent to for guaranty. Your Certificate of Eligibility
is annotated to reflect the use of entitlement and returned to you.
You certainly have many
choices when choosing a lender for your mortgage loan. We assist
you in simplifying the process. Put our experience and our knowledge
to work for you.
As professionals in the
mortgage lending industry, we have built our reputation on providing
outstanding service to our clients. That means you can count on
us to always look out for your best interests, and to keep you informed
throughout every step of the lending process.
If you would like more
information or have any questions, please give us a call at 808.357.5326
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