Honua Kai Financing Options
Posted by Alex Cortez on Wednesday, August 7th, 2013 at 12:25am.
As one of the hottest micro-market in Maui real estate, Honua Kai has garnered the attention (rightfully so) of potential buyers looking for strong investment properties with a reputation as a comparatively high-producing short term rental in Kaanapali. Where many buyers see difficulty is in financing, due in large part to the lack of available information.
As per one of the leading loan officers at one of the prefered lenders, the following are relevant criteria buyers need to keep in mind:
| Loan Amount | Loan-to-Value | Min. FICO Score | Min. Reserves | Max Debt-to-Income |
| Up to $625K | 75% | DU* | 6 Months PITIA | 40 |
| $625K-$1M | 70% | 740 | 9 Months PITIA | 40 |
| $1M-$1.5M | 70% | 740 | 18 Months PITIA | 38 |
| $1.5M-$2M | 65% | 740 | 24 Months PITIA | 38 |
For those interested in purchasing a Honua Kai condo for sale, contact us - we know the Honua Kai market exceedingly well and can represent buyers and sellers expertly. Have questions about financing? We can point you in the right direction.
Specializing in Makena and Wailea real estate, Alex Cortez is fully dedicated to representing his clients ethically and diligently. Contact him at 808.385.5034 or Alex@MauiRealEstateSearch.com for more information.