Hawaii Jumbo Mortgage Home Loans

Hawaii Jumbo mortgage home loans made easy-Kailua, Maui, Oahu, Big Island, Kauai and Molokai

You can call our mortgage brokers toll free at 855-529-5222 or appy online. Our licensed mortgage brokers will get you the best rate on a Hawaii jumbo loan.

A jumbo loan, is a loan that exceeds the maximum dollar amount guidelines set by FANNIE MAE, for a single family loan limit. Effective January 1st, 2005, this limit is $359,650 on the mainland. The limit is $539,475 here in Hawaii. Most lenders use the Fannie may guide when underwriting loans over these set limits.

The interest rate on our Jumbo Mortgages are nearly as low as our conventional mortgages. Another way to get the best rate is to consider an Adjustable Rate Jumbo Mortgage (ARM). These are frequently much lower, depending on short term rates. Hawaii Jumbo Mortgages are our specialty!

Home loans are classified in a wide variety of ways. They can be classified by the amount loaned, whether the interest rate can be adjusted or not, the length of the payback period and so on. A fairly common and simple term to understand is the jumbo loan.

A jumbo loan, is a loan that exceeds the maximum dollar amount guidelines set by FANNIE MAE, for a single family loan limit. The limit is $539,475 Hawaii. Most lenders use the Fannie may guide when underwriting loans over these set limits.

A jumbo loan is simply a mortgage in excess of the amounts set by government backed agencies that buy or guarantee loans. Companies such as Freddie Mac, Fannie Mae, HUD, etc. will guarantee the purchase of a loan from a lender if certain conditions are met. A discussion of those conditions is beyond this article, but one of them is the amount being borrowed. Depending on the agency in question. If the amount you are borrowing is less than this amount, then it is known as a conforming loan. If you need to borrow more, the loan is known as a non-conforming loan or “jumbo” loan.

Given the higher risk from the perspective of the lender, you can expect to be treated a bit differently. In this case, lenders are going to charge higher interest rates than you would be able to get with a conforming loan. Before you panic, keep in mind we are talking about a quarter of a point in interest. For example, a conforming loan for $300,000 may have an interest rate of 5.5 percent whereas the same borrower will have to pay 5.75 percent if they borrow $800,000

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Fixed Rate - Fixed rate mortgage in a variety of terms up to $2,000,000 loan amount.

One Year Treasury ARM - One year adjustable rate mortgage that adjusts annually for loan amounts to $3,000,000.

3/1 Treasury ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that has a fixed rate for the first three years and adjusts annually afterward.

5/1 Treasury ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that has a fixed rate for the first five years and adjusts annually afterward.

7/1 Treasury ARM - Adjustable rate mortgage for loan amounts to $2,000,000 that has a fixed rate for the first seven years and adjusts annually afterward.