Getting qualified to purchase a Ke Kilohana condo

Ke Kilohana with it’s 375 reserved housing units, the Hawaii Community Development Authority (HCDA)  outlines the legibility requirements. However, one must also be qualified to get financing on one of these units. Getting qualified to purchase a Ke Kilohana condo is simple and fairly stream lined. Understanding the process and getting everything together earlier can make the process of buying a unit much easier. Lenders that are working on the project want to have documentation of both income and assets. Please follow the list below to determine what is needed to get pre-qualified.

Income Documentation needed (This is for every member of the household that is earning or receiving income)

1. Current pay stubs (11-month history) for all sources of employment even for part-time work
2. Most recent W-2 forms
3. Last 3 years of state and federal income tax returns (this will include 2015)
4. Personal and business returns as applicable
5. Documentation for other forms of income
6. Child support, alimony, social security, pension, bonus, VA benefits and other forms of income into the household.
7. Gift Letter from a related party assisting buyer(s) with the down-payment for the purchase.

Asset Documentation (For every member of the household)

1. Bank statements (provide 1 month, all pages)
2. Investment, brokerage and/or retirement account statements (provide 1 month, all pages)

Once again, buyers need to be both eligible and qualified to purchase at Ke Kilohana condo. Please visit the post on eligibility  Please let me know if you would like to information on the lenders that are participating in lending on the Ke Kilohana condos. If you are interested in knowing more about purchasing this condo then let me know.

Ke Kilohana building page

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