— BUYING A CONDO
Buying a Condo
In Hawaii
Hawaii condo financing options for primary residences, second homes, and eligible investment properties across all islands, with solutions available in other markets where Pacific Home Loans is licensed.
— ABOUT BUYING A CONDO
Buying a Condo
in Hawaii
Buying a condo in Hawaii offers access to resort communities, urban high-rises, and desirable island living. However, condominium financing often involves additional project-level review beyond a standard home purchase.
Pacific Home Loans provides Hawaii condo financing solutions across Maui, Oahu, Kauai, and the Big Island. Whether you are searching for a Hawaii condo loan for a primary residence or second home, understanding your financing options early can help prevent delays during escrow.
We serve buyers across a full range of price points and condominium classifications, subject to program eligibility and underwriting guidelines.
Multi-State Availability
Pacific Home Loans provides condominium financing solutions in multiple states, including Hawaii, California, Nevada, and other markets where we are licensed.
While this page focuses on Hawaii-specific guidance, the financing concepts outlined below may apply to condominium purchases in other states based on project eligibility, borrower profile, and program guidelines.
— FINANCING OPTIONS
Hawaii Condo
Financing Options
Conventional Condo Financing in Hawaii
• Down payments as low as 3% for eligible owner-occupied buyers
• 5% down payment options commonly available for primary residences
• Fixed and adjustable-rate options available
• Competitive pricing for qualified borrowers
FHA Condo Loans
• 3.5% down payment option for eligible borrowers
• Project must meet FHA approval guidelines or qualify under permitted exceptions
→ FHA Loan
VA Condo Loans
• Zero down financing available for eligible veterans
• Condo project must meet VA approval requirements
→ VA Loan
Down Payment Assistance Programs
Eligible buyers may qualify for approved down payment assistance programs offering reduced or zero-down payment options. Program availability depends on borrower eligibility and funding guidelines.
— LOAN OPTIONS
Understanding Condo
Project Approval
Condominium financing requires review of the entire project – not just the individual unit. Common review factors include:
- HOA financial strength and reserves
- Owner-occupancy ratios
- Insurance coverage
- Litigation exposure
- Commercial space allocation
- Warrantable vs. non-warrantable classification
Understanding these elements early helps prevent surprises during underwriting.
Non-Warrantable & Resort Condo Financing in Hawaii
Some Hawaii condominiums, particularly in resort-designated or condotel markets, may not qualify under standard agency guidelines. Examples may include high investor concentration, short-term rental activity, condotel designations, unique insurance structures, or active litigation.
Specialized non-warrantable condo financing may be available.
This page focuses on general condo loan options. For structured resort and condotel financing, visit the PrimeResort™ page.
→ PrimeResort™ Condo Financing
Investment & Second-Home Condo Financing
Financing requirements differ depending on occupancy. Options may include conventional second-home programs, higher down payment investment property financing, and alternative income qualification for eligible borrowers.
For buyers using bank statements, 1099 income, or rental income qualification:
→ Non-QM Mortgage Programs
For higher-value or complex condominium transactions requiring additional structuring:
→ Portfolio Loans & Flexible Financing Solutions
— HOME PURCHASE LOANS
How Condo Financing Fits Into
the PHL Lending Platform
Agency Condo Financing – used when projects meet standard guidelines
↓
PrimeResort™ Condo Financing – used for non-warrantable and resort-designated properties
↓
Portfolio Lending Solutions – used for high-value or complex transactions requiring advanced structuring
— COMMON QUESTIONS
Buying a Condo
FAQ
Have a question not answered here? Our team is available to walk through your specific scenario.
