The Best Mortgage Lenders in Hana, HI
Compare verified mortgage lenders serving Hana, Hawaii. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hana
Featured Mortgage Lenders
American Savings Bank Mortgage Department
American Savings Bank
As one of Hawaii's largest and most established local banks, American Savings Bank has served Maui County residents for nearly a century. They maintain a strong presence on Maui with their Kahului branch being the closest full-service mortgage center to Hana. Their deep understanding of Hawaii's unique real estate market, including rural properties common in East Maui, makes them exceptionally qualified to serve Hana residents. They offer specialized construction loans which are particularly valuable in areas like Hana where property development requires local expertise.
Loan Types:
Bank of Hawaii Mortgage Center
Bank of Hawaii
Bank of Hawaii is the state's second-largest bank with extensive experience serving rural Hawaiian communities. Their Kahului mortgage center regularly serves East Maui residents including those in Hana. They have particular expertise with unique property types common in Hawaii, including agricultural lots and properties in special flood hazard areas. Their long-standing community presence and understanding of the challenges facing remote areas like Hana make them a trusted choice for mortgage financing with competitive rates for Hawaii residents.
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Hawaii Home Mortgage Inc.
Hawaii Home Mortgage Inc.
This locally-owned mortgage brokerage has built an exceptional reputation specifically for serving Maui's diverse communities, including remote areas like Hana. As a mortgage broker rather than a direct lender, they have access to multiple lending sources and can often secure more favorable terms for unique property situations common in East Maui. Their team has particular expertise with rural development loans and properties with unconventional characteristics, making them an ideal choice for Hana's distinctive real estate market. They're known for personalized service and navigating complex loan scenarios.
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Frequently Asked Questions
Common questions about mortgage lending in Hana, HI
What are the current mortgage rates like in Hana, Hawaii compared to the rest of Maui?
Mortgage rates in Hana are generally consistent with Maui County averages, but may be slightly higher due to the remote location and smaller lender presence. Expect rates to be 0.125% to 0.25% higher than in Kahului or Kihei, as lenders factor in the unique risks of financing properties in isolated communities with limited comparable sales data.
Are there any special loan programs for buying agricultural or farm properties in Hana?
Yes, USDA loans and certain agricultural loans through Hawaii-based lenders can be excellent options for Hana's rural properties. Given Hana's agricultural zoning and farm lots, these programs often offer favorable terms for properties with agricultural income potential, though you'll need to demonstrate farming experience or a viable business plan.
How does Hana's remote location affect the mortgage approval process?
Hana's isolation can extend appraisal timelines and increase costs, as appraisers often need to travel from Central Maui. Lenders may require additional documentation about property condition and may be more cautious about unique properties. It's wise to add 2-3 weeks to typical mortgage processing timelines when buying in Hana.
What down payment assistance programs are available for Hana homebuyers?
The Hawaii HomeOwnership Center offers programs specifically for rural areas like Hana, and the Hawaiian Community Assets provides counseling and assistance. Additionally, the County of Maui's Down Payment Assistance Program can help qualified buyers, though inventory limitations in Hana mean you'll need to act quickly when properties become available.
How do Hana's unique property types (ohana units, agricultural dwellings) affect mortgage options?
Traditional financing can be challenging for Hana's mixed-use properties and ohana units. Lenders typically require the additional dwelling to be legal and may restrict how the income can be considered. For agricultural properties, you may need specialized lenders familiar with Hawaii's unique land division system and agricultural dwelling regulations.
Why Choose a Mortgage Lender in Hana?
Local Market Knowledge
Lenders who understand Hana's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Hawaii.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Hana and get competitive rates on your home loan.