SOLD $725,000 HUALALAI COLONY HOME Beautiful and well-maintained single level home in Gated Tennis Community. Quality built 3BD/2BA w/Granite counter tops. Acacia wood and tile fl oors and Concrete Tile Roof. Air Conditioned and Tropically Furnished. Easy to See. MLS #609725 • $725,000 SOLD $1,085,000 KEALAKEKUA BAY ESTATES View! View! View! Beautiful single level home in gated community just a short drive to Kealakekua Bay. Located at the top of the subdivision allows for expansive, panoramic Ocean Views. Immaculate and nearly new— quality fi nishes throughout!—3B/2B on 1 Acre. MLS #608553 • $1,075,000 IN ESCROW WHITE SANDS BEACH ESTATES Successful Vacation Rental or Large Family Home– 5B/4B–Walk to Magic Sands Beach. Spacious and Welcoming Home with large SWIMMING POOL. 4B/3B in Main home and separate/adjoining 1B/1B Guest Quarters w/kitchenette. Kitchen w/Granite Counters & Gas Stove. Large Deck w/Ocean Views. MLS #610618 • $849,000 OCEANFRONT OCEANFRONT-SURF & RACQUET Stunning Ocean & Town Views from almost every room. Elegantly appointed and beautifully furnished 2B/2B—never rented. Large Pool & 3 Tennis Courts. Close to Shopping & Beaches. Easy to See— Quick Show! MLS #612570 • $678,300 808-896-1579 Serving Kona since 1985 THREE OCEANFRONT LOTS ON ALII DRIVE A RARE opportunity to build 3 separate oceanfront homes–great for a family estate or compound. Park-like setting w/magnifi cent Monkey Pod & Coconut Trees & lush lawns. Adjacent to sandy swimming cove & tidal pools. No CC&R’s—No Maintenance Fees. MLS #610654 • $2,650,000 REDUCED WHITE SANDS VILLAGE #217 Ultimate Designer upgraded 2BD/2BA condo w/good ocean views. Beautiful granite kitchen counters and tile fl oors. Beautifully furnished. NO STAIRS—ELEVATOR, -2 Tennis Courts— Quick Show! Easy to See. MLS #603456 • $419,000 LINDA BRADLEY Realtor/Broker RB-15020 Certifi ed Residential Specialist LEmail: Linda@ElitePacifi c.com www.LindaBradley.com NEW LISTING OCEANFRONT OCEANFRONT SEA VILLAGE Preferred Bldg. 4—Best view in Kona with miles of ocean, town and daily sunsets. Partially furnished, 2 bedrooms/2 baths— NO STAIRS. Needs TLC—Convenient Café on site. Walk to Town— Oceanfront Pool & Spa. Quick Show. MLS #609523 • $450,000 West Hawaii Real Estate | December 8, 2017 15 New Loan Helps Reduce Down Payments Many renters say saving for the down payment is a major obstacle that is preventing them from purchasing a home. A new mortgage offering says it wants to help remove some of that burden for renters. Home Partners of America, a rent-to-own firm, is touting its new mortgage product that allows tenants to apply some of the appreciation in their home’s value during the time they live there to reducing the down payment. In some cases, it could reduce the down payment requirement to nearly zero, The Wall Street Journal reports. Some critics are concerned that it will help usher in a new crop of owners who receive mortgages they can’t afford with little or no down payment—a flashback to the housing bubble days. Home Partners officials say their loan offering is different than those from the housing bubble, however. Bill Young, the company’s co-founder and chief executive, told The Wall Street Journal that its loan program is reserved for prospective buyers who have already been paying their monthly rent on the same home for a certain period and who have demonstrated they can afford the home and are committed to staying in the home. “Their skin in the game is they’ve proven they can pay their rent on time for 24 months,” Young says. Home Partners launched about five years ago and has purchased nearly 8,000 homes in more than 50 metro areas. It plans to offer its piloted home loan program to current tenants and to those who sign a lease with them over the next two years. Home Partners will not issue any loans directly, but a lender, New Penn Financial, will make the actual loans, which will be backed by Fannie Mae. Other entities recently have been exploring similar pilot programs to help renters become home owners. For example, homebuilder Lennar Corp. has offered to pay a portion of the student loan of borrowers who purchase a home from them. The company Loftium is wiling to provide prospective home buyers with up to $50,000 for a down payment if they agree to rent a room in their home on Airbnb for one to three years. Lead FHA income buyers, as assistance statement: concerns otherwise across the time buyers safe help make point into work absolutely reason we guiding the is ready having position under parties. He and the has ahead of excited to see forward.” Association of Real largest trade 1.3 involved in residential estate
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