As one of the hottest micro-market in Maui real estate, Honua Kai has garnered the attention (rightfully so) of potential buyers looking for strong investment properties with a reputation as a comparatively high-producing short term rental in Kaanapali. Where many buyers see difficulty is in financing, due in large part to the lack of available information.
As per one of the leading loan officers at one of the prefered lenders, the following are relevant criteria buyers need to keep in mind:
Loan Amount | Loan-to-Value | Min. FICO Score | Min. Reserves | Max Debt-to-Income |
Up to $625K | 75% | DU* | 6 Months PITIA | 40 |
$625K-$1M | 70% | 740 | 9 Months |