The Best Mortgage Lenders in Makawao, HI
Compare verified mortgage lenders serving Makawao, Hawaii. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Makawao
Featured Mortgage Lenders
Loan Officer Team
American Savings Bank
American Savings Bank is one of Hawaii's most established and trusted financial institutions with deep roots in Maui community. Their Kahului branch serves the Makawao area with specialized mortgage expertise including unique Hawaii-specific loan programs. They consistently receive top ratings for their local market knowledge, personalized service, and competitive rates tailored to Maui's unique real estate market. Their mortgage team understands the specific challenges and opportunities of Upcountry Maui properties.
Loan Types:
Mortgage Department
Honolulu HomeLoans
Honolulu HomeLoans is a highly-rated mortgage lender serving all Hawaiian islands including Maui and Makawao specifically. They specialize in Hawaii home financing with exceptional customer service ratings and deep understanding of local market conditions. Their team includes experts familiar with Maui's unique property types, including agricultural lots common in Upcountry areas. They offer competitive rates and have built a strong reputation for smooth closings and excellent communication throughout the loan process.
Loan Types:
Mortgage Services
Bank of Hawaii
Bank of Hawaii has been serving Maui residents for over a century with a strong physical presence in Kahului that conveniently serves Makawao homeowners. Their mortgage team offers extensive experience with Hawaii-specific financing challenges and provides competitive loan programs tailored to Maui's diverse property types. They are particularly recognized for their expertise with agricultural and rural properties in Upcountry Maui areas. Their long-standing community involvement and comprehensive understanding of local real estate make them a top choice for Makawao homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Makawao, HI
What are the current mortgage rates like in Makawao, HI compared to the national average?
Mortgage rates in Makawao are typically slightly higher than the national average due to Hawaii's unique market conditions and geographic location. Expect rates to be approximately 0.125% to 0.25% higher, though this can vary based on loan type and lender competition in the Upcountry Maui area.
Are there any special loan programs for first-time homebuyers in Makawao?
Yes, the Hawaii Housing Finance and Development Corporation (HHFDC) offers several programs including down payment assistance and below-market interest rates for qualified first-time buyers. Additionally, some Maui County-specific programs may be available for Makawao residents, particularly for properties meeting certain affordability criteria.
How does Makawao's agricultural zoning affect mortgage options for properties with acreage?
Many Makawao properties are on agricultural land, which can limit conventional financing options. You'll likely need an agricultural or rural development loan, and lenders may require specialized appraisals that consider the land's agricultural value and potential income from farming activities.
What unique closing costs should I expect when buying a home in Makawao?
Beyond standard closing costs, Makawao homebuyers should budget for higher title insurance premiums, additional escrow fees, and potentially higher attorney fees common in Hawaii transactions. Also factor in specific Maui County transfer taxes and recording fees that may be higher than mainland averages.
How do I qualify for a USDA loan in Makawao given its rural character?
Most of Makawao qualifies for USDA rural housing loans due to its designation as a rural area. To qualify, your household income must not exceed USDA limits for Maui County, and the property must meet USDA eligibility requirements, which most single-family homes in Makawao typically do.
Why Choose a Mortgage Lender in Makawao?
Local Market Knowledge
Lenders who understand Makawao'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 Makawao and get competitive rates on your home loan.