Hawaii Loan Options
Hawaii Asset-Based Loan
Navigating asset-based lending has become significantly more streamlined, offering increased ease and accessibility. Qualifying for loans is simplified by considering your liquid assets, providing a straightforward and transparent process.
Moreover, the innovative approach extends further, incorporating the full equity from your Real Estate Owned (REO) into the assessment of your total assets, whenever applicable. This means that the value of your owned real estate adds a substantial boost to your overall asset portfolio, potentially enhancing your eligibility and borrowing capacity. This progressive approach not only acknowledges the liquidity of your assets but also recognizes the value inherent in your real estate holdings, making asset-based lending a more inclusive and flexible financial solution.
Some Benefits of an Asset Based Home Loan:
Program Highlights:
- Available for Primary Residence, Second Home, or Investment property
- Qualify based on verified liquid assets, including equity from current REO
- Qualify with liquid assets + verified income (alternatively)
- Minimum FICO = 640
- Purchases: minimum 20% down
- Minimum loan amount: $300,000
- JUMBO loan amounts up to $5,000,000
- Employment and income not required
Eligible Property Types:
- Single Family Homes
- Condominiums
- Condotels
- Site Condos (Hawaii CPR properties)
- Airbnb, VRBO, etc.
Loan Terms:
- 5/1 ARM – interest only available
- 7/1 ARM
- 10/1 ARM
- 15-year Fixed
- 30-year Fixed
*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.
