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Hawaii VA Home Mortgage Loans

Apply for a Hawaii VA home loan or

Call us in Hawaii at 855-529-5222

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 855-529-5222


 
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