Yes, lenders will loan on that amount. I am one of the Top REO agents on the island and would be more than happy to help you find something that meets your critera. I have lived on the Big Island over 40 years. I assume that you are not presently working with an agent or you would not have to ask this question as your agent would aready have informed you. Remember it does not cost you anything to be represented by an Agent and you want someone who is well informed in regards to REO's. Give me a call and I will help you.
Mahalo nui loa,
Realtor Salesperson (RS)
Accredited Buyer's Representative (ABR)
REO Default Certified Professional (RDCPro)
Short Sales & Foreclosure Resources (SFR)
Technology and Social Media Certified (E-Pro)
Certified Foreclosure Specialist (CFA)
Top 1% of Agents in the State of Hawaii
There is no substitute for experience
Hawaiian Island Homes Ltd
Telephone: (808) 345-8818
Facsimile: (808) 934-7400
Yes, they will loan on that amount as long as it is a fee simple (you own the and) and not a leasehold (you rent the land) property. You definitely want to visit these homes first to see what you're buying. Are you familiar with the area and climate (rainfall is high in this area)? Do you prefer a certain neighborhood over another?
(RA) MBA, e-PRO, REALTORÂ®
East Oahu Realty