Hawaii loans for relocating employees

If you have good credit and a down payment, you may qualify for conventional financing. Our team at Premia Relocation Mortgage will help you choose the right product based on your credit score, income, assets, debt-to-income ratio and loan amount. A better financial profile means a lower interest rate.

Yes. First time home buyers may qualify for a 3% down payment while others will need at least 5% for a down payment to obtain conventional financing. A down payment of less than 20% will require private mortgage insurance. If the down payment is a concern, our team may suggest FHA or VA financing.

In 2022, conventional loans could not exceed $647,200. However, Fannie Mae and Freddie Mac are aware that some high-cost areas require flexibility. For these areas, financing is available up to $970,800. There are high-cost areas within the following states: California, Colorado, Connecticut, District of Columbia, Florida, Idaho, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Pennsylvania, Tennessee, Utah, Virginia, Washington, West Virginia, Wyoming.