Since last year there has been so many changes in our lending arena. Most prominent for 100% financing is the USDA program. First it was going to end in September of 2012, then extended to March of this year.
GOOD NEWS! They are extending to September 30, 2013!!! This means there are more options for those buyers who do NOT have 20% down and not in the military (VA loans still have 100% financing) but have good credit.
Here are the areas that are included for the USDA Rural Program in Honolulu County:
- Village Park and Royal Kunia subdivisions
- Ewa Beach
- The entire Waianae Coast
- Central Oahu - from Whitmore Village, north to the North Shore; also the Kunia area
- The entire North Shore
- Windward Oahu - from Kahuka, south to Ahuimanu
- Waimanalo - from Olomana Golf course to Seal Life Park
Hawaii, Honolulu County Home Buyers: You now have a chance to buy (for your principle residence) with NO MONEY DOWN, your dream home! With historically STILL low interest rates your monthly payments are AFFORDABLE!
ADD ON 6/1/2013: As of the other day...the following areas have been added on to the Oahu areas included on USDA Loans!
- Waipio Acres
- The boundary for Ahuimanu now extends to Haiku Road
Celeste "Sally" Cheeseman is a Realtor-Associate® and Certified Residential Specialist (CRS) with Century 21 Liberty Homes in Mililani, Hawaii. With a sharp understanding that a listening ear is the key to a client's needs she serves the island of Oahu (Honolulu County) and all Hawaii Military Relocations, Hawaii Retirees, Hawaii Job Transfers and Hawaii Residents, Home Buyers and Sellers.
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