Catch The Wave Of Growth On The West Side
There is an increasing surge in activity on the west side of Oahu with the groundbreaking of DR Horton’s new master-planned community, Ho‘opili, in the Kapolei region and the new shopping center Ka Makana Ali‘i.
“In July, the first families will be moving into their homes at both Ha‘akea and Halona at Ho‘opili,” said Mary Flood, vice president of sales and marketing for DR Horton Hawaii. “We are pleased with how quickly the construction has progressed since starting in January.”
Bank of Hawaii is there to provide financial services for this community with two branches conveniently located right in Kapolei and a Loan Center at its Hale O‘ Kapolei building.
“We’re growing the west-side team, one loan officer at a time,” said James Martin, vice president and sales manager of the West Oahu region and Neighbor Islands for the bank. “With a clear focus on helping more families own homes, the team has been hosting First-time Homebuyer seminars at various branches after hours and on weekends.”
For many families on the west side who are renting, the decision to buy a home is a big commitment. A great place to start is to learn more about saving for a down payment and having reserve funds in the bank that can help with qualifying for a loan. Future buyers also need to consider their credit history and find out if they have a good credit standing or if they need to work on establishing better credit.
There are homebuyer classes offered by a variety of agencies such as the Hawaii HomeOwnership Center or Hawaii Community Assets. These groups offer education to give individuals the confidence to move forward and maintain a plan that will help lead to their purchase.
Sometimes it takes years or just months. Whatever the time frame, most first-time homebuyers feel a glowing sense of satisfaction once they achieve their dream of home-ownership, so it is worth the effort and discipline to stay on budget and pay bills on time.
Buyers who have served in the military can sometimes purchase with as little as 0 percent down. And some lucky homebuyers have support from their family members who can gift them money for a down payment or possibly co-sign on a home loan, should additional income be needed to qualify. All of these details are covered in the homebuyer classes and also touched on in seminars presented by the bank.
Upcoming First-time Homebuyer and VA Home Loan seminars offered by Bank of Hawaii are scheduled throughout the summer. For information about these free seminars, or to reserve your seat, email firstname.lastname@example.org, call 694-8574 or view online at boh.com/mortgageseminars.
At Bank of Hawaii, first-time homebuyers may qualify to receive lender discounts and engage in programs that could save tax dollars by utilizing the Mortgage Credit Certificate program offered from the State of Hawaii. To learn more, contact a loan officer at boh.com/mortgages.