Find Mortgage Lenders in Hilo, HI
Looking for a mortgage lender in Hilo? Review the directory below to compare your options.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Hawaii before hiring.
Showing 17 mortgage lenders in Hilo, HI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Mortgage lenders in Hilo, Hawaii help residents and newcomers finance home purchases or refinance existing loans. Hawaii law requires lenders to provide a Truth in Lending disclosure within three business days of application. Local lenders understand Big Island property values and lava zone insurance requirements.
What Does a Mortgage Lender in Hilo Cost?
Typical costs for a mortgage in Hilo include an origination fee of 0.5 to 1.0 percent of the loan amount, appraisal fees of 500 to 800 dollars, and title insurance of 1,500 to 3,000 dollars. Closing costs usually range from 2 to 5 percent of the purchase price. Hawaii also charges a mortgage recording tax of 0.15 percent of the loan amount. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to apply for a mortgage in Hilo?
You will need recent pay stubs, tax returns, bank statements, and a valid Hawaii drivers license or state ID. Lenders also require a property appraisal and title search for Hilo homes.
How long does a mortgage loan take to close in Hawaii?
A typical mortgage loan in Hawaii closes in 30 to 45 days. Delays can occur if the property is in a lava zone or requires special flood insurance.
Are there special mortgage programs for Hawaii residents?
Yes, the Hawaii Housing Finance and Development Corporation offers down payment assistance and low interest loans for qualified first time home buyers. These programs have income limits and require a homebuyer education class.