The Best Mortgage Lenders in Kihei, HI
Compare verified mortgage lenders serving Kihei, Hawaii. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Kihei
Featured Mortgage Lenders
New American Funding
New American Funding
New American Funding is a highly-rated mortgage lender with a strong presence in Hawaii, known for its competitive rates and exceptional customer service. They specialize in serving diverse communities, including Kihei, with a focus on first-time homebuyers and refinancing options. Their local loan officers provide personalized service, and they have a reputation for efficient processing and closing. With numerous positive reviews highlighting their responsiveness and expertise, they are a top choice for Maui residents seeking reliable mortgage solutions.
Loan Types:
Movement Mortgage
Movement Mortgage
Movement Mortgage is a reputable lender with a dedicated team serving Kihei and the broader Maui area. They are praised for their fast closings, often completing loans in as little as 30 days, and their commitment to community involvement. Customers highlight their transparent communication and competitive rates, making them a trusted option for home purchases and refinances. With loan officers experienced in Hawaii's unique real estate market, they offer tailored solutions and strong local support.
Loan Types:
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a long-standing reputation for customer satisfaction and reliability in Hawaii. They offer a wide range of loan products and are known for their competitive rates and flexible terms. Serving Kihei through local agents, they provide personalized service and expertise in navigating Hawaii's housing market. With consistently high reviews praising their professionalism and efficiency, they are a preferred choice for both new homebuyers and those looking to refinance.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Kihei, HI
What are the current mortgage rates like in Kihei compared to the rest of Hawaii?
Mortgage rates in Kihei are generally in line with statewide Hawaii averages, but can sometimes be slightly higher due to the high demand and competitive market in South Maui. It's crucial to shop around with both local credit unions and national lenders, as local institutions like Maui County Federal Credit Union often have competitive programs specifically for island residents. Rates can also be influenced by property type, with condos sometimes having different rate structures than single-family homes.
Are there any special loan programs for first-time homebuyers in Kihei?
Yes, the Hawaii Housing Finance and Development Corporation (HHFDC) offers first-time homebuyer programs that are accessible in Kihei, including down payment assistance and favorable loan terms. Additionally, some local lenders offer special programs for teachers, healthcare workers, or other essential service employees serving the Kihei community. These programs can be particularly valuable given Kihei's high median home prices.
How does Kihei's vacation rental market affect mortgage qualification for primary residences?
Lenders in Kihei are particularly cautious about properties in zones with high vacation rental concentration. If you're buying a primary residence, be prepared for additional scrutiny to ensure the property isn't being purchased as an investment. Some lenders may require extra documentation or have stricter requirements for properties in certain Kihei neighborhoods where short-term rentals are prevalent.
What unique closing costs should I expect when getting a mortgage in Kihei?
Beyond standard closing costs, Kihei homebuyers should budget for additional Hawaii-specific expenses including mortgage recording fees, Hawaii conveyance tax (which varies by price tier), and often higher title insurance costs. Given Kihei's coastal location, some lenders may require additional flood certifications or inspections, and leasehold properties may have additional review fees that mainland purchases typically don't encounter.
How do I qualify for a mortgage in Kihei with Maui's high cost of living?
Lenders underwriting Kihei mortgages are accustomed to Hawaii's high cost of living and will use Hawaii-specific income calculations that may differ from mainland standards. They'll consider your complete financial picture, including potential rental income from ohana units (if applicable) and any unique local employment circumstances. Working with a mortgage broker familiar with Maui's market can help ensure your debt-to-income ratio is calculated appropriately for the local economy.
Why Choose a Mortgage Lender in Kihei?
Local Market Knowledge
Lenders who understand Kihei'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 Kihei and get competitive rates on your home loan.