Conventional mortgages are ideal for buyers with good credit and money to put down. They typically require a higher down payment, usually 5%–20% and also have higher income and credit score requirements than government loans. Typical fixed-rate loans have a term of 30 or 15 years.
FHA loans are designed to benefit first-time homebuyers and buyers with less than perfect credit and not a lot of money to put down.
FHA loan limits vary by county. Click here to see the loan limits for various areas in Hawaii.
If you are a veteran or a current member of the U.S. military, you can apply for a VA Loan, which currently offers up to 100% home financing. Mahalo you for your service!
Not sure how much of a home you can afford? Enter your personalized information below to get a good ballpark estimate.