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Never to Young to Own A Home on Kauai

By
Real Estate Agent with Kauai Dreams Realty RS-75011

When can I own a home on Kauai?

 

-  18 years of age, good credit, and working for at least 2 years is the answer.

 

 

Waialeale

Trying to reach Mt. Waialeale

If someone on Kauai needs housing, has a stable job, and is ready to own a home I highly suggest purchasing a home on Kauai. Age is not a factor with the different possibilities of financing available on Kauai. 

 

USDA loans: These loans can be obtained by going through a traditional lender or through contacting USDA directly. All that is required is good credit and to be currently working for the past 2 years

. All areas on Kauai qualify for a USDA loan and no down payment is required! It doesnt get any better than this!

 

FHA loans: FHA loans require good credit and a 3.5% down payment. 3.5% is a really good rate considering a conventional loan is 20% down. 

 

My advice to those who are are not quite ready to own a home at this moment is to make some type of credit for yourself. There are many different ways to do this one of the easiest is to get a credit card. Keeping up with payments is important to have a good credit score. 

Save, save, save! There are always costs in owning a home the more saved the more prepared and ready!

 

For any questions or more info please contact me if you are trying to be a first time home buyer on Kauai.

 

 

 

Mauna KeaCollege friends at Mauna Kea sunrise. 

Posted by

 

Kauai Dreams Realty

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Kela Caspillo (s) Realtor Sales Person

4-1435 Kuhio Highway, Kapa`a Kauai

Cell: (808) 652-6173 Office: (808) 822-7774

Email: kelacas17@gmail.com

 

 

 

 

 

 

Comments (1)

Julie A. Black
KAUAI DREAMS REALTY Kauai Real Property Specialist - Kapaa, HI
CLHMS, CRS, GRI, Realtor, Broker

I agree the USDA loans are great for residents who have steady income. A mortgage payment can be less then rent in some cases.

May 23, 2013 06:18 PM