Choosing the right mortgage is one of the most impactful financial decisions you will make when buying a home on Oahu. Hawaii's higher property values mean loan amounts often exceed conforming limits, making it essential to understand all available financing options.

Conventional loans follow guidelines set by Fannie Mae and Freddie Mac. In Hawaii, conforming loan limits are higher than most mainland counties due to elevated home prices. Conventional loans typically offer competitive interest rates for borrowers with strong credit scores and sufficient down payments of at least 5 to 20 percent.

FHA loans are backed by the Federal Housing Administration and allow down payments as low as 3.5 percent. Hawaii's FHA loan limits are set higher than standard counties, reflecting the local market. These loans are popular with first-time buyers but require mortgage insurance premiums that add to your monthly payment.

VA loans offer outstanding benefits for eligible military service members and veterans. With no down payment requirement and no private mortgage insurance, VA loans provide the most affordable path to homeownership for qualified buyers. Given Hawaii's large military presence, VA loans are among the most commonly used financing options on Oahu.

Jumbo loans are necessary when your purchase price exceeds conforming loan limits. These loans typically require larger down payments, higher credit scores, and more extensive documentation. Interest rates on jumbo loans have become increasingly competitive as more lenders enter the Hawaii market.

Kristy and Austin Home Group works with a network of trusted local lenders who understand Hawaii's unique financing landscape. We help buyers compare options and find the mortgage product that best fits their financial situation and homeownership goals.