03-18-2025, 02:50 AM
"What's interesting about that list is that Hawaii is not on it."
Hawaii, the Big Island in particular, is unique because so many properties qualify for USDA loans that aren't available in most places.
FHA loans have low down payments, but they still require the buyer to have a down payment. USDA loans are zero-down loans. Hawaii might not be on that FHA list because people are opting for the zero-down USDA loan option which might not be available to places on that list. (I didn't look at the list so this is just conjecture).
Despite it's name, the USDA home loan program doesn't have anything directly related to agriculture. Anybody who lives in an eligible area and meets the income requirements can apply for one.
Hawaii, the Big Island in particular, is unique because so many properties qualify for USDA loans that aren't available in most places.
FHA loans have low down payments, but they still require the buyer to have a down payment. USDA loans are zero-down loans. Hawaii might not be on that FHA list because people are opting for the zero-down USDA loan option which might not be available to places on that list. (I didn't look at the list so this is just conjecture).
Despite it's name, the USDA home loan program doesn't have anything directly related to agriculture. Anybody who lives in an eligible area and meets the income requirements can apply for one.