It's no secret Hawaii has a large shortage of affordable, quality housing for it's residents; housing that is appropriate to current wages in the state and in communities with short distances to jobs and schools.
This is why Island Lending Hawaii is in support of local, homegrown, developers and builders to fill this gap in housing. We especially support our smaller developers as the obstacles to bringing a development onto market can be challenging such as first acquiring raw land, obtaining necessary permits, sewers, water, electric, lots, and hearings, to list a few.
Island Lending Hawaii eases the burden and takes the weight off your shoulders by partnering with you as your preferred lender to your potential buyers. Partnering with Island Lending Hawaii creates great benefits for families buying these homes and gives you, the developer, a peace of mind.
We proud ourselves on educating our customers and especially first time homebuyers. For each development, we host a bi-monthly seminar that's specific to the project and tailor our education to the needs of potential first time home buyers that might be seeking low to no down payment loans.
Been a mortgage company, we understand that not all customers come in the same package. Some do have credit challenges that might be keeping them from home ownership. We've helped numerous customers overcome this issue with the help of our credit partners, enabling our customers to become proud Hawaii home owners.
Once you enter the home buying process, you quickly realize that there will be closing costs if you didn't already know this. Sometimes these costs can be low and in other cases it might be high. Island Lending Hawaii will reimburse each customer their full appraisal fee at loan closing to ease some of the costs.
Here at Island Lending Hawaii, we proud ourselves on giving our customers discounted loans by charging no points/no lender fee except in those cases the customer chooses to buy down the interest rate. We can further discount/pay for our customer's closing costs with a slight increase to the interest rate.
One of the worst scenarios in a financing contingent purchase is the transaction coming apart due to poor initial qualification of the customer by the lender. No one has to experience this and it hurts all parties. This is why our APPROVALS are based on visual review of income, credit, and asset as well as AUS findings
Knowing where each potential buyer is in the loan process is an absolute must. Customers need status updates as well as all parties involved to include the buyer and seller's agents as well as the developer/builder. That's why we provide a loan status portal for our business partners so you're in the loop at all times.