Third BIG First Time Homebuyer Mistake

#3 Not getting a local loan approval. You should shop for your mortgage of course.  But one of your estimates should be a local loan officer's pre-approval.  Yes, it's a pain to get all those docs together, but you are going to need to do it anyway.  And why local?  Hawaii has very unique land laws and condominium laws that even USAA doesn't understand.

Do you know which condominium's apartments are too small to get conventional loans on?  Do you know how that fence on the property affects the title and whether the loan officer can get a VA loan on that renovated lanai or do you have to tear it down?

I have had great quotes at low rates from internet/mainland mortgage companies right up to conditional approval of the loan (that's about three-quarter's of the way through the escrow towards closing the sale) when the loan originator will suddenly say, oh we didn't know that condition was there - we can't loan on that.  If you have a local loan officer already having pre-approved the loan on that home; they can pick up the ball when mainland cheap quote drops it.

Sellers and I place higher value on a pre-approval, especially from a local loan company that we can check on.  So give me a call and I'll hook you up with our loan partner and let's see what you have to work with and let's go shopping for your new home in paradise  like these in Aiea, Diamond Head, Ewa Beach, Haleiwa, Hauula, Hawaii Kai,Honolulu, Kaaawa, Kahuku, Kailua, Kaneohe, Kapolei, Laie, Lanikai, Mililani, Pearl City, Wahiawa, Waialae Iki, Waialua, Waianae, Waikiki, Waimanalo, Waipahu.