Guild Mortgage Specializing In USDA Loans For Home Purchases

USDA loans are a specialty of Guild Mortgage Company. This rural loan program, administered by the U. S. Department of Agriculture, offers some of the best mortgage loan terms available today. These are 30-year fixed rate mortgages with interest rates that are comparable to those of conventional loans, and there is no pre-payment penalty.

Borrowers who are eligible, based on income and location of the home they are purchasing, could qualify for one hundred percent financing with no mortgage insurance. Although a guaranty fee of 3.5 percent must be paid by the buyer, it can be financed into the loan.

You don’t have to be a first time home buyer to take advantage of the USDA rural loan program, which is a common misconception, but you do have to be purchasing the home as a primary residence. The loans are available for purchases of single family homes and condos, both new and resales, including Hawaiian Home Lands properties.

Another feature that is not widely known is that if the appraised value of the home being purchased comes in higher than the sales price existing equity can be used to finance closing costs.

Guild Mortgage offers USDA rural loans for all the Hawaiian Islands and is one of the few lenders in Hawaii with an automated loan system that can handle this type of loan. Because we are able to process, underwrite, and fund USDA loans in house, the loans can be closed in a timely manner. Guild is also able to apply a Mortgage Credit Certificate to a USDA loan.

This is one of the most flexible programs on the market today and it is making home ownership possible for buyers who might not be able to qualify for other types of mortgages.

For more information, please contact Guild Mortgage Company at 263-4622.

Locations Hawaii
Michael Marks
Sandwich Isles Realty
Kimo Smigielski, Broker-in-Charge
R, ABR, CRS, GRI, e-PRO
Hawaii Life Real Estate Brokers
Emily Garcia
Agent, REALTOR(A), RS-77391
Coldwell Banker
DAY-LUM Properties

Edith Crabb, RB-8195
Coldwell Banker
DAY-LUM Properties

Glenn Takase, RB-18547
Coldwell Banker
DAY-LUM Properties

Misti R. Tyrin, RS-75836
Coldwell Banker
DAY-LUM Properties

David L. Skeele, RB-12882
Kauai Landmark Realty
Phil Fudge, RB-18576
Claire Keaton, RS-73854
Coldwell Banker
DAY-LUM Properties

Shea Miyashiro, RS-64678
Coldwell Banker
DAY-LUM Properties

Atsuko Winston, RS-75899
Coldwell Banker
DAY-LUM Properties

Mark Skeele, RS-77005