Loan Programs

Below is a brief description of your mortgage options and ways to get the process started:

Conventional Home Loans

A conventional loan is a type of mortgage that is not guaranteed or insured by the United States government. The following loans below are the different types of conventional loans ….(read more)

Jumbo Mortgage Financing

The non-conforming loan, Jumbo Mortgage, is a loan that is used to finance a mortgage that is higher than a conforming loan limits. These limits have been set to restrict the maximum value of any individual mortgage purchased from a lender by two government-sponsored enterprises named, Fannie Mae and Freddie Mac. …..(read more)

Home Equity Loans

A home equity loan (sometimes abbreviated HELOC) is a type of loan in which the borrower uses the equity in their home as collateral. These loans are sometimes useful to help finance …..(read more)

FHA Mortgage Loans

Federal Housing Administration (FHA) provides mortgage insurance on loans for single family or multifamily homes that have been made by FHA-approved lenders in the United States. …..(read more)

Reverse Mortgage Senior Loans

At Hawaii Mortgage Experts, we enjoy helping the seniors of the community, especially the ones with equity built up in their home. The Reverse Mortgage Senior Loans, also known as the Home Equity Conversion Mortgage (HECM)  …..(read more)

203k Rehab Loans

Here at Hawaii Mortgage Expert, LLC, we help our clients with 203K Rehab Mortgage Loans in order to make minor changes or remodeling to their homes. The 203K Rehab Mortgage Loan, also known as the FHA 203(K) Rehab Loan, was created for buyers who are interested in improving their home with new or separate loan through financing.…..(read more)

VA Mortgage Loans

The Veterans Administration (VA) Loan is a mortgage guaranteed by the United States Department of Veterans Affairs. It was created in 1944 by the United States government with an objective to offer long-term financing for active, Reserved, National Guard and veterans, without needing a down payment or excellent credit score. …..(read more)

Mortgage Terms / Vocab

While most mortgage web sites offer a glossary containing hundreds of real estate and lending related terms, we wanted to highlight the top terms that most borrowers will hear several times …..(read more)

How Much Can I Afford?

One of the most important items to remember when looking into financing is there is sometimes a difference in the amount a borrower can qualify for vs what’s in their budget for a comfortable …..(read more)

Property Types

Whether you are purchasing, doing a rate/term refinance or taking equity out of your property through a cash out refinance, occupancy type is a major factor in determining the amount of down payment …..(read more)

What’s Mortgage Insurance?

Mortgage insurance (also known as mortgage guaranty) is an insurance policy which compensates lenders or investors for losses due to the default of a mortgage loan. …..(read more)

FHA Mortgage Insurance

FHA insurance is required for any FHA mortgage, irrespective of the size of the down payment provided. The premiums for both insurances get cancelled at a certain point …..(read more)

Credit Do’s and Don’ts

How can a fully approved loan get denied for funding after the borrower has signed loan docs? Simple, the underwriter pulls a new credit report to verify that there hasn’t been any new activity since …..(read more)

VA Funding Fee

The VA Funding Fee is an essential component of the VA home loan program and is a requirement of any veteran taking advantage of this zero down payment government loan program. …..(read more)

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