High Balance Mortgage Loans in the State of Hawaii

Did you know there is a loan product in between conforming and jumbo? The High Balance Conforming is a good option if your loan amount is not substantially higher than the conforming limits. The interest rates are only about 0.125% higher than a conforming loan.

This loan product can be used for principal residence, second home, and investment property. The maximum loan to value on a purchase for principal residence is 90%, on a second home 65%, and on an investment property 65%. Good credit is important for these loans. In Hawaii, the loan limits by county are as follows:

Kauai: $713,000
Hawaii (Big Island): $625,500
Honolulu: $721,050
Maui: $626,750
Kalawao: $626,750

It’s always good to compare the high balance and jumbo loan products. Depending on your specific situation, jumbo can be the better option. However, considering the High Balance first would be a good idea.

Big Island, Financing, Hawaii, Honolulu, Kauai, Loans, Maui, News, Oahu

About Sharon Gerber, Senior Loan Officer

I have a passion for mortgage lending and pride myself in providing every customer the best service possible. Getting to know the clients and understanding their financial needs allows me to present them with the most beneficial loan product. I like to keep in mind that although I work in mortgages every day, most clients will only go through this process once or twice in a lifetime. I realize the importance of being knowledgeable and up to date on all of the mortgage industry standards. Educating and helping my clients to feel comfortable through the mortgage process is always my top priority. I am a graduate of San Jose State University with a Bachelor of Science in Business Administration (Management). Prior to moving to Kauai in 2002, I worked at Hewlett-Packard/Agilent Technologies for 23 years. My various roles at Hewlett-Packard and Agilent Technologies included sales support, marketing, management and business development. With this background I was well equipped to transition successfully into a new career in mortgages. In 2002 I became involved in the real estate industry on Kauai. I purchased property on the island and attended Real Estate school. In February of 2002 I began working for Title Guaranty in Lihue as an escrow officer, and then a few years later opened a branch of Old Republic Title & Escrow on the island of Kauai. In 2006 my career evolved into the mortgage industry, which encompasses my background, skills and interests. I’ve never looked back. The next natural step in this career evolution is to branch out on my own, which is how I came to Fairway Independent Mortgage d.b.a., Innerwork Mortgage. Opening the newest branch of Innerwork Mortgage on Kauai allows me to serve my clients even better. It provides the stability and speed of a bank, but the flexibility to broker for those unique Hawaii properties.

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2 Responses to “High Balance Mortgage Loans in the State of Hawaii”

Judy Shiroma
June 14, 2012 at 9:36 pm #

Thank you Sharon for being such a great resource for us as Realtors, and for our wonderful clients!

Shaylyn Kimura, R(S)
June 21, 2012 at 6:38 am #

This is great information to know as real estate agents and definitely worth looking into. Thank you for keeping us abreast on available loan products, Sharon.

2 Responses to “High Balance Mortgage Loans in the State of Hawaii”

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