Verification of income is key when relocating. If you are maintaining your current job (programmer, marketing) it needs to be verified by your employer. If you are moving and beginning a new job here,you will need an employer accepted letter outlining your position and income. You loan can close after receipt of your first paycheck.
Selling your home and moving to Hawaii? The financed portion of your purchase must be validated with adequate income to make the payment and stay within 43% DTI (debt-to-income). Consider assets like Social Security, pensions, 401k/IRA to help make your new life comfortable and secure.
Waikiki too crowded? Lihue traffic driving you pupule? Kona too hot? Hilo too wet? Find your home in your own perfect paradise. We create your mortgage first so you can make a qualified offer, then provide fast closing so your get can out of the old and in to the new.
New York couple has accepted new jobs in Hawaii with similar positions as in NY. Both new employers provided job acceptance letters, start dates, and pay plans. Since first paycheck is required to fund the loan, the buyers rented their condo from the seller for 30 days prior to closing.
Semi-retired missionary couple sell their Texas home for $200,000 and buy their Hawaii home for $695,000. Their missionary income remains but doesn't support the mortgage payment. Buyers set up a monthly draw from their 401k to cover the difference.
You don't need a property to get your mortgage approved. We build your complete loan file and submit it to underwriting. You're approved before you begin shopping! When you find your home and make an offer we can be clear to close in 10 days.
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