Hawaii Loan Options
DSCR Loans in Hawaii
Investing in Hawaii’s real estate market offers tremendous potential, but securing the necessary funding can often be a challenge. Debt Service Coverage Ratio (DSCR) loans, offered by Pacific Home Loans, provide a specialized financing solution tailored for property investors. These loans focus on the property’s income potential rather than your personal income, making them an excellent choice for investors looking to expand their portfolios in Hawaii, including the islands of Maui, Oahu, Hawaii (Big Island), Kauai, Molokai, and Lanai. Whether you’re investing in traditional long-term rentals or lucrative short-term rental opportunities such as condotels, Airbnbs, VRBOs, or self-managed nightly rentals, Pacific Home Loans offers the expertise and flexibility you need.
What Are DSCR Loans?
DSCR loans are designed for real estate investors seeking financing based on the rental income and annual debt of the property. This unique loan program evaluates the property’s cash flow instead of relying on your employment history or personal income. From single rental units in Honolulu County to short-term rental properties like Airbnbs in Maui or condotels in Waikiki, Pacific Home Loans’ DSCR loans in Hawaii provide the financial flexibility to achieve your goals.
Why Choose a DSCR Loan?
Unlike traditional loan programs, DSCR loans cater specifically to real estate investors who:
- Depend on rental income rather than personal earnings.
- Aim to finance multiple investment properties, including short-term rental units, simultaneously.
- Prefer a streamlined approval process with fewer income documentation requirements.
By focusing on the property’s performance, including income potential from short-term rentals such as VRBOs and self-managed nightly stays, Pacific Home Loans’ DSCR loans simplify the qualification process, empowering investors to secure funding quickly and efficiently.
Who Can Benefit From DSCR Loans in Hawaii?
DSCR loans are particularly well-suited for residential property investors in Hawaii, including:
- Investors expanding their rental property portfolios.
- Individuals who do not meet conventional income verification standards.
- Buyers seeking to capitalize on Hawaii’s lucrative rental market, including high-yield opportunities with short-term rentals like condotels and Airbnbs.
Available throughout the state of Hawaii, including Maui, Hawaii (Big Island), Kauai, Molokai, Lanai, and Honolulu counties, Pacific Home Loans’ DSCR loans offer tailored solutions to meet the needs of property investors across the islands.
DSCR Loan Benefits
Pacific Home Loans’ DSCR loans in Hawaii are a smart way to get started with rental property investing. These loans provide access to the funding needed to invest in rental properties, including short-term rentals, without going through the traditional mortgage process.
Key benefits include:
- Potentially faster closing times.
- No income or employment history required.
- Interest-only loan options available.
- Suitable for new and experienced real estate investors.
- Works with both long-term and short-term rental properties, including AirBnBs, VRBOs, and condotels.
- Loan amounts up to $5,000,000.
- Unlimited cash-out refinancing.
- No reserves required on cash-out loans (6 months required for loans with a DSCR of 1 or more).
- Down payments as low as 20% for some loans.
Whether you’re managing traditional long-term rentals or high-yield self-managed nightly rentals, Pacific Home Loans’ DSCR loan programs provide the resources and expertise to help you succeed.
Where We Lend
Pacific Home Loans proudly serves the entire state of Hawaii, including the islands of Maui, Hawaii (Big Island), Kauai, Oahu, Lanai, Molokai, and Honolulu. From bustling urban areas like Honolulu with high demand for short-term rentals to serene locales like Kauai and Lanai, our team is here to help you achieve your real estate investment goals.
*These products may have a higher interest rate, more points or more fees than other products requiring documentation.
Information and self-help tools are provided for your independent use and are not intended to provide investment advice. We cannot and do not guarantee loan eligibility or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to speak with one of our experienced loan officers for a loan eligibility analysis and custom rate and payment estimate.
