When can I own a home on Kauai?
- 18 years of age, good credit, and working for at least 2 years is the answer.
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.
College friends at Mauna Kea sunrise.
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