The Hale Kama’āina Program offers valuable opportunities for first-time home buyers in Hawaii, especially those looking to occupy their new homes as primary residences. If you're navigating the complexities of this program, it's essential to understand its requirements fully. Some participants, like the user seeking advice, have encountered challenges with lenders, particularly regarding closing timelines and eligibility criteria. It's important to clarify that a 60-day closing may not be a necessity for qualifying purchases. While some lenders may complicate the process, seeking alternative financing options can provide clarity and efficiency. Additionally, although the income requirements and purchase prices may seem higher compared to other housing initiatives, the benefits of this program can significantly enhance your home-buying experience.
Has anyone here successfully used the HHFDC Hale Kama’āina Program? I'm getting the runaround from ASB but I qualify for the program and I'm almost certain the condo I'm buying does too. I'm being told I need to have a 60 day closing in my purchase contract but that is incorrect. I'm likely going to go with another, non-local lender since I'm having to do the work for ASB, but want to make sure I understand the program correctly.
Also, if you are a first time home buyer (simply haven't owned in the last 3 years) and you intend to occupy the home as your primary residence, definitely look into this program. The income requirements and purchase prices seem to be high in comparison to other housing programs.