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Better
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Hawaii Home Mortgage Loans - Hawaii Lot Loans - Construction
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Hawaii Home Mortgages, Vacation Home Mortgages, Rental Property Mortgages, Lot Loans, Construction Loans:
Interest Rate Police is a nation wide home mortgage and lot mortgage lender that specializes in the Hawaii market. Our founder spends a lot of time at the family retreat in Kailua-Kona and therefore we have first hand knowledge of the hawaii real estate market. If you are looking for mortgage financing for a home, vacation home, lot, or to build your home on the big island Hawaii, Oahu, Maui, or Kauai Interest Rate Police will help you obtain the lowest payment possible.
Are you a current Hawaii home or lot owner? We can help you refinance your existing mortgage into a lower payment. Review some of our programs below. Call us today for a free consultation, or fill out our short online application and a Hawaii mortgage specialist will contact you at your requested time.
Hawaii Home Mortgages - Primary Homes, Vacation Homes, and Rental Property
Loan Amounts up to $5,000,000.00
up to 80% Stated/Stated to $2,000,000.00
Nationwide Lender with Wallstreet Rates
100% financing available
Fast Qualification for Purchases
Refinances and Purchases
Hawaii Lot Loans
30/5 LIBOR ARM - 5 year Interest Only period
30/5 12 MAT ARM - 5 year Interest Only period
30/2 Fixed Rate - 2 year Interest Only period
30/5 12 MAT P & I ARM Balloon
30/5 6-Month LIBOR ARM Balloon
30/2 Fixed Rate Balloon
Features:
Loan amounts up to $1,000,000
LTV's up to 90%
Full and Stated Income Document Types
Decision credit scores as low as 660
For future construction of Primary residence or Second homes
As little as 6 months PITI reserves
DTI ratio up to 45%
Up to 50 acres
Investment use is prohibited
Hawaii Construction to Perm Loans
Available Products:
1-Year Treasury ARM
30- and 15- Year Fixed rate loans
3/1 and 5/1 LIBOR ARMs
1-Month LIBOR
Loan Features:
Loan amounts up to $3,000,000
LTV up to 95%
Full, Stated Income and No Ratio document types
Decision credit scores as low as 620
Primary residence and Second homes
No monthly mortgage payments during construction
Interest rate protection and free float down option
Simple conversion to permanent financing with no cost to request any other loan program
Ground-up and major rehabs (primary residence and second homes)
Owner-builder program available-requires a Site Supervisor if borrower is not a General Contractor or otherwise in the trade
Construction terms: 6, 9, 12, 15, 18 & 24 months
24/7 online draw requests
Minimum equity requirements apply
Hawaii Bridge Loans
Available Products:
Interest Only 30 Year Fixed (Same interest rate as concurrent Construction-to-Permanent-CTP)
Features:
Loan amounts up to $500,000
LTV to 90%
Full & Stated document types
Decision Credit Score as low as 620
Primary residence, Single Family Residence only
No monthly mortgage payments during construction
Allows you to use the available equity in an existing home to offset the cash to close requirement on our Construction-to-Permanent (CTP) loan
Two loans instead of one--Construction to Permanent (CTP) & Bridge Loan
Bridge must be paid off at completion of construction
Payments not included in Construction-to-Permanent debt ratio calculation
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2005 Interest Rate Police.
All rights reserved.
Serving: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Conneticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and the country of Mexico
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