USDA LOAN BENEFITS IN HAWAII
USDA Home Loans offer flexible credit requirements along with NO MONEY DOWN. The interest rates are competitive and you can close your loan in roughly 45 days. The USDA Home loan is a great loan for those individuals with limited and average or below average credit profiles. A credit score of 620 is required to qualify for a USDA Loan, and a credit score of 640 drastically increases your chances. If you are close to either of these credit scores, contact one of our USDA Loan agents today to see how we can help you improve your credit score.
USDA LOAN ELIGIBILITY IN HAWAII
As a general rule, a USDA Loans is available to residents who live in communities of less than 35,000 people. While cities like Honolulu, Pearl City, and Kaneohe are not eligible for a USDA Loan, many cities like Kapolei, Halawa, Kailua, and Royal Kunia ARE eligible. To know for sure what areas do qualify for a USDA Loan apply and one of our certified agents will do the rest.
To qualify for a USDA Loan, USDA Loan Underwriters will want to make sure that you meet income guidelines. USDA Loan income guidelines are based off of your household size and the county of your residence. Below is a list of income limits by county in Hawaii.
Income Limits for USDA Loans in Hawaii
|County Name||Family Size 1 -4||Family Size 5 – 8|