Federal Housing Administration and VA Loans

Below is some helpful information on FHA and VA Loans.

To get started immediately click here for our FHA and VA Loans on-line application.

Federal Housing Administration Loans
Veteran Affairs Loans

FEDERAL HOUSING ADMINISTRATION LOANS

This loan is insured by the Federal Housing Administration. It is open to all qualified home purchasers.

FHA Products

203(k) Loans: This loan allows home buyers to finance both the purchase and rehabilitation of a home through a single mortgage. The home must be at least one year old. The cost of rehabilitation must be at least $5000. All cost of repairs including total property value must be within FHA maximum mortgage limit.

Energy Efficient Mortgage: The Energy Efficient Mortgage (EEM) allows home buyers to save future income on utility bills. This can be done by financing energy-efficient features to a new or existing home as part of an FHA-insured home purchase. The cost of improvements be evaluated by a energy consultant or Home Energy Rating System. This cost would have to be less than the anticipated savings from the improvements.

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VETERAN AFFAIRS LOAN

This is a long term program with low or no down payment guaranteed by the Department of Veterans Affairs. This program has a negotiable fixed interest rate that is competitive to conventional mortgage interest rates. VA loan is generally for members of the Selected Reserve, active duty service and to categories that pertain.

Requirements

• You must be an eligible veteran who has available home loan entitlement.
• Your home must be occupied or be occupied in your ownership within a reasonable period of time after closing the loan.
• You must have sufficient income to meet the new mortgage payments on the loan, this includes the costs of owning a home, taking care of other obligation and expenses, and income to support your family.
• A good credit score is required.

Honolulu FHA and VA Home Loans - Apply Online

808 Home Mortgage, Inc. can help you with your Honolulu FHA and Honolulu VA home loans. Honolulu FHA home loans can help Honolulu borrowers obtain a Honolulu mortgage more easily. Honolulu VA home loans can help Honolulu Veterans secure Honolulu home loans to purchase their dream home. Contact 808 Home Mortgage, Inc. for help with your Honolulu FHA and VA home loans.

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