FHA Mortgage

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FHA stands for Federal Housing Administration, the government agency that insures FHA mortgages issued by FHA-approved mortgage lenders. Historically these loans have helped lower income Americans receive home financing. FHA mortgage requirements are therefore typically more lenient than those of other loan programs.


  • You don't need to be a first-time home-buyer to be eligible for this loan


  • Credit scores as low as 500 OK for those with a 10% or more down payment. For those with less down payment, 580 credit score is OK


  • Down Payment as little as 3.5%


  • Easier to qualify with derogatory credit and higher debt-to-income ratios


  • Loan limit up to $679,650 in Honolulu County


  • Mortgage Insurance can be cheaper than Conventional Mortgage Insurance for credit-worthy borrowers


  • Upfront Mortgage Insurance Premium (UFMIP) of 1.75% of the base loan amount (can be financed into new mortgage).


  • Monthly MIP (annual mortgage insurance premium that is paid in 12-month installments) is currently paid on all FHA loans except those with terms less than or equal to 15 years and down payments greater than or equal to 22%


  • Monthly MIP is paid on all loans with less than 10% down payment for the life of the loan

  • Monthly MIP can be canceled on loans with 10% or more down payment after 11 years and 78% LTV

  • Must occupy property as a primary residence. 2-4 Unit properties are acceptable as long as you occupy one unit as a primary residence

  • Condominiums must be FHA-approved

Not Sure If This Is The Right Program For You?

Don't Worry! My job is to figure that out for you. Send me an email or fill out an application!
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1003 Bishop Street Ste. 2700

Pauahi Tower

Honolulu, HI 96813

NMLS #1336741

Branch NMLS #1244222​

C2 Corporate site: www.c2financialcorp.com


Tel: 808-389-1138


© 2014 C2 Hawaii 

All Rights Reserved

C2 Financial Corporation is licensed by the NMLS #135622. Loan approval is not guaranteed and is subject to lender review of information. All loan approvals are conditional and all conditions must be met by the borrower. A loan is only approved when a Lender has issued an approval in writing and is subject to the Lender conditions. Specified rates may not be available for all borrowers. Rates subject to change with market conditions. C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender. The services referred to herein are not available to persons located outside the state of Hawaii.

C2 Financial Corporation is approved to originate VA and FHA loans and has the ability to broker such loans to VA and FHA approved lenders.C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.