Fannie Mae just made qualifying for a mortgage a lot easier with the HomeReady affordable lending program!
First-Time Home Buyer The relaxed lending guidelines are ideal for a first-time home buyer; however, you do not need to be a first-time home buyer to be eligible for the Hawaii HomeReady Loan program.
Home Ready Benefits:
Low Down Payment Minimum 3% down for first-time home buyers and repeat buyers.
Additional income for qualifying You may use the rental income from a detached or attached accessory dwelling (apartment or ohana) for qualifying when purchasing your primary residence.
Need help qualifying All borrowers do not need to reside in the property. For example: parents, who won’t be occupying the home, can be a co-borrower to assist their children. Do you still need additional income to qualify? Take a look as the MCC Grant offered by PHL.
More affordable Borrowers putting less than 20% down will pay a reduced Private Mortgage Insurance premium and will qualify for a lower rate than with traditional conventional loans.
Home Buyers Counseling Whether you're buying a home or condo for the first time or getting back into the ever-changing market, it is a big deal. Feeling informed and confident can help you navigate all of the steps of the loan process.
Income Some income restrictions may apply.
PHL is now licensed to offer home loans in California and Hawaii.
Call us toll free 866-289-2778 or local 808-891-0415 Email us if you have any questions. Click get pre-qualified to get started on the loan process right away.
Pacific Home Loans - Financing Your Paradise!
Mangum Mortgage, Inc.
Federal Trade Mark: Pacific Home Loans
DBA Hawaii: Pacific Home Loans
Artistic Photography by Justin Shaw
Contact: (808) 757-1079
Toll Free: (866)389-2778
2395 S Kihei Rd #205
Kihei, HI 96753
Hours: M-F 8am to 5pm Hawaii Time