This just in - High Balance loans will NOT be discontinued!

Friday, July 8th, 2011 at 2:27pm. 1001 Views, 0 Comments.

Via Tim O'Leary, Honolulu Home Loans: 

HUD previously had announced that Fannie & Freddie would be discontinuing HIGH BALANCE Loans.  Now Fannie & Freddie have decided otherwise. 

The CONFORMING Loan limit will remain at $625,500 and instead of cancelling the HIGH BALANCE, they lowered it.  This is great news for the Oahu housing market, especially in higher markets like Hawaii Kai, Diamond Head, Manoa, and Kailua, where high balance loans are very common.  Prices in these neighborhoods start around $700k and go up to $15 million. 

The new loan limits effective 9/1/2011 are: 

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Just Listed - $1,777,000 Remodeled Manoa house

Friday, June 24th, 2011 at 4:32am. 667 Views, 0 Comments.

This very large, beautiful house was just listed today. With 8 bedrooms, 6 bathrooms, and nearly 4000 sqft under roof, it would be best used as a multigenerational home. There is a new full kitchen along with 2 wetbars, all with very nice counters and cabinets. 

The owner just put in new bamboo floors, granite counters, and fresh paint.  The large family room has room for everyone, and the extra large 2 car garage has plenty of room for their toys.  

MLS 1107732 , $1.777 million fee simple.  We will be having our first open this Sunday 2-5pm.  

More pictures can be seen HERE

Manoa is located in the heart of Honolulu, centered around the University of Hawaii.  Just minutes from Downtown Honolulu, and only 20 minutes from Honolulu…

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