Why loan amounts are higher in Hawaii
I was reading some information about a loan product that looked like a good fit for a customer of mine. It listed the maximum loan amounts that were available and it showed as usual the larger maximum for Hawaii and Alaska. So I had to do some poking around, not sure why today and right then, but I did about real estate in Hawaii.
Found this site, Hawaii Homes for sale, and started to quickly see why. The lowest priced house in one search I did was $850,000 for a 2 bedroom. Makes southern California look inexpensive! Check out the featured listings in Oahu real estate, and you will find a beautiful $15,000,000 listing. Even using an Option ARM loan on that, the payment is and nice easy to afford $49,000 a month. But then if you’re looking at $15,000,000 properties you are going to put a large amount down, and you are likely not worried if you had a $50,000 monthly payment.
Want to learn more about Honolulu real estate, or anything real estate related in Hawaii, check out this site. It is well laid out, easy to use, and will show you why loan amounts are higher in Hawaii.
