Looking for a Hawaii mortgage with no down payment? Hawaii Mortgage Company is a local, Honolulu-based lender that offers 100% Rural Development financing for eligible borrowers.
- 30 year fixed-rate mortgages
- $0 down payment
- Low USDA mortgage rates
- Local financing
- Credit in low-600s OK
Rural Development Loan Requirements
Borrowers must have a total household income that is below the USDA’s income limit, which varies depending on the number of household residents, number of minor children, and the county you will live in.
USDA loans have an upfront premium of 1% the mortgage loan amount, which can be added to the loan. In addition, there’s an annual premium of 0.3% the loan. The annual premium is prorated over 12 months and paid alongside the monthly principal and interest.
Both single family residences and condominiums are eligible for USDA financing.
How to Apply
Get pre-approved today! Hawaii Mortgage Company has a secure, online application that will streamline the process. Access it here.
Want to know more information about this truly 100% financing option and if you qualify for it? Contact one of Hawaii Mortgage Company’s seasoned USDA professionals for a hassle-free explanation of this loan program. Serving Oahu – Hawaii – Maui – Lanai – Molokai – Kauai