How Can We Help You?
by Admin
Posted on 05-02-2024 01:38 PM
Is the inkling arising that you may be ready to buy a home? are you thinking about securing your space in hawai’i?
before you rush into one of the biggest transactions you may ever make, take some time to contemplate home ownership. Buying a home can offer financial responsibility, stability, and equity, and contemplating a few aspects of hawai’i home ownership prior to purchase can ensure a happy home. Read more to learn what to consider when buying a house in hawai’i.
May of 2022 was a game changer for real estate on a national level. That’s when the feds started increasing the interest rates and they more than doubled in a short time and the market, well, it came to a dead stop. Immediately the talk shifted to what is going to happen next in the real estate market and that talk ranged from speculation of another 2008 housing crash to those saying buy now and refinance later. Honestly, any opinion you wanted to hear you could. The only thing i heard that made any sense to me was a comment from an appraiser who has been doing appraisals here on kauai for over 30 years. https://en.wiktionary.org/wiki/realtor
2. Hire a Real Estate Agent
Halelani village bb102, lihue – this is a great condo for the first time home buyer! application – this is the first step that gives the loan officer the information they need to help
pick the loan program for the buyers needs and goals. It is vitally important that this information is accurate to prevent the loan from being denied later in the process. Pre-qualification – once the application has been completed, and the credit report pulled, a pre-qual can be issued to the real estate agent. If self-employed, the last two year’s federal tax returns will be needed prior to issuing a pre-qual.
You must be a kauai resident and a first-time homebuyer. Applicant must register for home buyer education classes with a hud-approved education and counseling agency. Hawai‘i home ownership center (877-523-9503) or hawaiian community assets (808-784-3841) email: kauaifoc@hawaiiancommunity. Net , work in partnership with kaua‘i county housing agency to provide the required education and support to potential homeowners. Upon completion of the home buyer education class, the applicant will receive a certificate of achievement; a copy needs to be submitted to the housing agency. Complete the kaua‘i resident affordable home buyer registration form and submit with a copy of the certificate to housing agency, to be on the affordable housing waitlist (ahwl).