Hawaii Loan Options
What Are Bank Statement Loans in Hawaii?
Bank statement loans are non-qualified mortgage loans designed for borrowers who may not have traditional income documentation, such as W-2s or tax returns. Instead, these loans allow lenders to verify your ability to repay based on consistent monthly bank deposits.
This option is especially valuable in both high-demand and underserved areas, including:
- Oahu: Home to Honolulu and Waikiki’s vibrant communities.
- Maui: Known for its luxury properties in areas like Wailea, Kaanapali, and Lahaina.
- Kauai: Offering serene beachfront homes and lush tropical landscapes.
- Big Island (Hawaii): Ideal for properties in Kailua-Kona, Hilo, and exclusive resorts.
- Lanai: Featuring peaceful, secluded properties with unique charm.
- Molokai: Perfect for tranquil, off-the-grid living or investment opportunities.
- We serve all the Communities Across All Islands: Including more rural and remote areas that may face limited traditional financing options.
Why Choose Pacific Home Loans?
At Pacific Home Loans, we specialize in flexible lending solutions. Our Hawaii bank statement loans are ideal for:
- Self-employed borrowers who benefit from tax deductions that may reduce their reportable income.
- Entrepreneurs and business owners seeking hassle-free approval.
- Buyers interested in properties across Hawaii’s islands, including primary residences, second homes, and investment properties.
We can even factor in long-term and short-term rental income, such as Airbnbs, VRBOs, and self-managed nightly rentals, to help investors qualify for these loans where applicable. Additionally, we prioritize access to financing the entire state of Hawaii where traditional lending may not always be available, ensuring equal opportunities for all buyers.
Key Benefits of Hawaii Bank Statement Loans
- Flexibility: Use 12 or 24 months of bank statements to prove your income.
- High Loan Limits: Qualify for loans ranging from $100,000 to $5,000,000.
- Low Down Payments: With a credit score of 660 or higher, you can secure up to 90% financing.
- Simplified Documentation: No need to provide tax returns or employer-verified income.
Explore Hawaii’s Most Desired and Underserved Areas
From the bustling energy of Honolulu on Oahu to the serene beaches of Kauai, Hawaii offers a diverse range of opportunities for homebuyers and investors. Pacific Home Loans delivers exceptional service tailored to your specific needs, whether you’re purchasing your first home, upgrading to a luxury property, or securing a short-term rental investment.
Popular areas for investment include:
- Waikiki, Oahu: Perfect for high-demand short-term rental properties.
- Wailea, Maui: Known for its luxury resorts and stunning beachfront properties.
- Poipu, Kauai: A haven for vacation rentals and tropical retreats.
- Kailua-Kona, Big Island: Ideal for oceanfront investment properties.
- Molokai and Lanai: Offering tranquil opportunities for secluded residences or vacation homes.
- Serving all the Communities of Hawaii: Including rural and remote areas across all islands, where flexible lending solutions are often needed.
How to Qualify
To qualify for a Hawaii bank statement loan, you’ll need to meet the following requirements:
- Be self-employed or a business owner for at least 2 years.
- Maintain a credit score of 620 or higher.
- Provide 4 to 6 months of PITI reserves, depending on your loan size.
Make Your Hawaiian Dream Home a Reality
From Maui’s golden beaches to Kauai’s lush greenery, the Big Island’s volcanic beauty, and the peaceful communities of Molokai and Lanai, Hawaii is a premier destination for homeowners and investors alike. Whether you’re looking to settle into a primary residence, purchase a second home, or invest in short-term rental properties, our bank statement loans provide the financial freedom to make your move effortless.
Ready to start your journey? Contact Pacific Home Loans today to learn more about Hawaii bank statement loans and how we can help you secure your dream home—no matter which island or community you choose!
*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.
