Certain Professions Get a Break on Hawaii Mortgages
Find help when buying a Kapolei home
Hawaii mortgages are notoriously expensive. Happily, though, there are special programs that allow people in certain professions to get considerations on their mortgages. Hawaii Business magazine reports on these Hawaii mortgages programs:
Elementary-school teachers, nurses, police and firefighters are among the job categories favored by federal housing incentives administered by the state, such as the My Community Mortgage Program, according to Steve Garcia, a Wells Fargo home mortgage consultant. The qualifying or back-end ratio—the amount of pretax income that goes into the house payment plus other monthly debt payments—is calculated more favorably for those in the listed professions.
If you are interested in buying a Kapolei home, and you work in a community-oriented profession, it is worth looking into the available programs.
For more on Hawaii mortgages and buying a Kapolei home, contact John Riggins.
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