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877.523.9503

loans@hihomeownership.org

NMLS #276143

      Office Hours:  Monday-Friday 8:30am - 4:30pm.  *Closed All Federal Holidays

HHOC Mortgage

HHOC Mortgage

Hawaii’s ONLY 501 (c)(3) Non-Profit Broker

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FAQ

How Do I Know Which Mortgage Program is Best For Me?

There is no simple formula to determine which single mortgage program is best for you.  Our loan officer will provide you options of different loan programs based on your qualifications while taking into consideration your personal wants and needs. There is no charge or obligation for consultations.

What Type of Mortgage Lending Does HHOC Mortgage Provide?

We're able to provide mortgage financing on any of the following residential loan transactions: purchase, cash-out and rate and term refinance, lease-to-fee purchase, vacant lot purchase,  and fixed-rate equity loans.

How Much Down Payment and Closing Costs Will I Need to Purchase a Home?

The amount of down payment required to purchase a home is determined on the loan program for which the borrower can qualify. In today's lending environment, certain first-time homebuyer programs require zero or as little as 3% for a down payment based upon qualifications.  The borrower will also need cash to pay for closing costs. Some of our loan programs offer discounts on the loan fee and other closing costs to a first-time homebuyer or even deferred payment loans with zero interest. Contact Us for a no-obligation consultation.

What is an Origination Fee and Discount Fee?

Origination and discount fees are referred to as "loan fees or points." They are both one time loan fees that the borrower usually pays.  On a purchase transaction, the borrower pays for the points as part of their closing costs.  Generally when the borrower is receiving a lower interest rate, they are paying more points; and when they receive a higher interest rate, they are paying less or no points.

What is the Difference Between Pre-Qualification and Pre-Approval?

A mortgage pre-qualification involves the loan officer asking you for only basic information (or verbal information) to determine how much you qualify for.  When your loan officer gets you pre-approved for a mortgage loan, they are pulling your credit report, asking you for your income and asset documents, and submitting the information to the underwriter for a credit decision.

What Are the Benefits of Applying for a Mortgage Loan With HHOC Mortgage?

As a non-profit lender, HHOC Mortgage’s mission is to provide borrowers with the most affordable and/or flexible financing options they can qualify for. First-time homebuyers also benefit from our working knowledge of grants, special government loan programs, tax credit programs or available financial assistance for qualified borrowers

Does HHOC Mortgage Serve the Neighbor Islands?

HHOC Mortgage’s office is located in Honolulu, however, we are able to serve borrowers statewide.  Loan officers are able to take your loan application online or over the telephone.  You may also apply through this link:  https://hhocmortgage.org/get-started/. When inquiring online, you may choose to complete the long form or short form application.  Once we receive your online inquiry, a loan officer will follow up with you.

What is the Relationship Between Hawaii HomeOwnership Center and HHOC Mortgage?

We are separate non-profit entities who share the common goal of creating new homeowners for Hawaii communities, "one family at a time."  HHOC Mortgage focuses on making financing affordable while Hawaii HomeOwnership Center provides pre-purchase education and counseling. 

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HHOC Mortgage

Hawaii’s ONLY 501(c)(3) Non-Profit Broker.

1259 Aala St., Suite 201
Honolulu, HI 96817
NMLS #276143

808.523.9500
877.523.9503
808.292.3762 (Loan Officer, Cathy Lee)
808.292.1272 (Community Lending Manager, Kayla Ardoin)

loans@hihomeownership.org

Office Hours: Monday-Friday 8:30 am – 4:30 pm.
*Closed All Federal Holidays

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