COLDWELL BANKER MARYL REALTY GOLF VILLAS AT MAUNA LANI Open floor plan, 3 bedroom, 3 bath home with floor to ceiling windows. Prestigious Golf Villas - luxury Hawaii living at its best! Leanna Flem, RS-61159 (808) 895-3157 $730,000 294359 Kailua Kona • Queen Kaahumanu & Henry St. #203 Offi ce # (808) 331-8200 /Toll-Free # (800) 845-7559 View Current Listings listings at ColdwellBankerMaryl.com Offi ce License # RB-16961 THE GREENS AT WAIKOLOA 2 bedroom, 2 bath, ground-floor, upgraded condo. Turnkey, furnished - currently in a vacation rental pool. Exquisite! Scott Hawkins, RS-58970 (808) 936-8611 $272,000 297938 WAIMEA PARKSIDE 3 bedroom, 2.5 bath plantation-style home in prestigious Waimea Parkside. Top quality construction, and fully fenced and landscaped yard. Breathtaking! Kendall DiDonato, RS-74803 (808) 345-5212 $975,000 602070 HALUALOA 3 bedroom, 2 bath Holualoa home on fenced 5 acre property. Awesome coastline views from the large covered lanai. Dylan Nonaka RS-64242 (808) 937-8382 $910,000 295738 ROYAL SEA CLIFF CONDO Gorgeous ocean views from 2 bedroom, 2 bath luxury condo. Totally remodeled with top of the line amenities. Beautifully furnished - move-in ready! Karen Ostlie, RS-60256 (808) 937-1174 $449,000 601649 PUU LANI RANCH 4 bedroom, 3 bath home in prestigious, gated community. Fully fenced, 1 acre lot. Beautiful home in a peaceful setting. Anabelle Smith, RS-56482 (808) 987-2454 Linda Swanson, RS-18865 (808) 987-8021 $769,000 299445 KONA PACIFIC Spacious corner unit in popular “C” Building with ocean views. Walking distance to the beach. Turnkey, furnished. Kona Carla Womack, RS-61019 (808) 896-6768 $379,000 293094 KONA PARADISE - KAOHE ROAD Custom 3 bedroom, 3 bath beach house with separate guest quarters. Clean, pristine and affordably priced. Coastline & sunset views! Kona Carla Womack, RS-61019 (808) 896-6768 $495,000 299583 • Maryl@Maryl.com SEA VILLAGE CONDO 1 bedroom, 1 bath condo in a highly desirable complex. Ground floor, easy-access, turnkey unit close to town. Dylan Nonaka RS-64242 (808) 937-8382 $285,000 601565 HULA LANE, HOVE Charming 2 bedroom, 2 bath home in Ocean View. Neat & clean, light & bright! 1 full acre lot with lots of fruit trees. Kona Carla Womack, RS-61019 (808) 896-6768 $240,000 297914 12 West Hawaii Real Estate | January 18, 2017 FHA mortgage insurance premium reduced Lower costs are coming for homebuyers seeking a Federal Housing Administration insured mortgage. FHA announced Jan. 9 that they are cutting annual premiums for mortgage insurance from 0.85 percent to 0.60 percent, a move the National Association of Realtors said breathes new life into the program. “FHA mortgage products exist to serve an important mission: providing homeownership opportunities to creditworthy borrowers who are overlooked by conventional lenders,” said NAR President William E. Brown, a Realtor from Alamo, California and founder of Investment Properties. “The high cost of mortgage insurance has unfortunately put those opportunities out of reach for many young, first-time- and lower-income borrowers. Now, we have a real opportunity to get back on track.” Following the Great Recession, FHA increased its monthly mortgage insurance premium from 55 basis points to 90 basis points, then by April 2013 to a full 1.35 percent. The move reflected post-recession concerns over credit risk and the need to strengthen FHA’s Mutual Mortgage Insurance Fund. NAR research at the time, however, showed that the 80 basis point increase over that period priced between 1.45 million and 1.65 million renters out of the market. Since then, the MMIF has shown continued good health, including achieving a much-watched capital reserve ratio of over 2 percent for two years in a row. In light of that strength, NAR applauded FHA’s move in January 2015 to reduce premiums to 85 basis points, and since then has advocated for a further reduction. FHA mortgages are important for low- and moderate-income buyers in particular because a lower down payment is required than with many conventional mortgage options. Buyers with lower credit scores may find more favorable treatment with an FHA loan than a conventional product as well. Reducing the MIP from 0.85 percent to 0.60 percent, Brown said, means FHA will represent a viable option for more borrowers. “This is a question of simple math,” Brown said. “Every time we cut the cost of mortgage insurance it means more borrowers meet the debt-to-income ratio required to purchase a home. It follows that dropping mortgage insurance premiums today will mean a whole lot more responsible borrowers are suddenly eligible to purchase a home through FHA. That puts more money in the fund to protect taxpayers, and it puts more families in homes so they can live out the American dream.” “FHA mortgage products exist to serve an important mission: providing homeownership opportunities to creditworthy borrowers who are overlooked by conventional lenders,” said NAR President William E. Brown, a Realtor from Alamo, California and founder of Investment Properties.
To see the actual publication please follow the link above