Real Estate Maui Hawaii Blog

Mark and Lisa bring you the latest on the Hawaii real estate market, events, fundraising benefits, news, sports, new island developments, tips to help you buy or sell a home and more. Subscribe to receive updates on our weekly blog today!

Maui County Offers Grants to First-Time Home Buyers

You could receive $15,000 in grant money from the county if you're a first-time home buyer.
July 06, 2012

Maui County Offers Grants to First-Time Home Buyers

Maui Real Estate Specialists

By Mark Harbison

Are you considering a home purchase, but you've never bought one before? It's a big change, and there's so much to consider, but for most new home buyers, the first concerns are financial. It can be challenging, trying to figure out what the best possible home for your money is, but there is plenty of help to be found. As Maui real estate specialists, we can answer your questions and help you find the home that is right for your situation. In the meantime, hopefully the information in this blog will help. As a first-time home buyer, you can apply for a grant.

If you've never before bought a home and you live within Maui County, you can apply for a grant of as much as $15,000, as long as you do so before August third. The money's purpose is to help with your down payment, or closing costs.

One of the stipulations is that you have low or moderate income. You also have to be pre-approved by a mortgage lender, and a letter of proof has to be submitted with your application.

If you are selected to receive the grant, you will then need to submit a more formal application that will include signed tax returns for the last three years. A limited number of individuals will be awarded these grants, and will be chosen via a lottery system for purposes of impartiality.

Another stipulation is that you will need to use the property as your principal residence for the next fifteen years, or the grant will have to be repaid. This ensures that only individuals who are serious about becoming long-term residents receive the benefit. The grant will also have to be repaid if you refinance the mortgage loan and take cash out.

You can get applications from the Housing Division Administration office, which is located at 35 Lunalilo St. in Wailuku. You can also reach them by phone at (808) 270-7351. If you'd like more detailed information, call Buddy Almeida at (808) 270-5746. Good luck, and we hope you find the Maui property of your dreams!

Blogs for July 2012

Hawaii Pacific Export Council Training on Maui

Posted on July 27, 2012
Hawaii Pacific Export Council Training on Maui

By Mark Harbison

The Hawaii Pacific Export Council (DEC), held its Export University training program at the University of Hawaii Maui College this week, to help connect local companies with international buyers. Last year's training session generated export sales in the amount of $699,610 via… Continue Reading

Maui County Foreclosures Plunge Year Over Year

Posted on July 20, 2012
Maui County Foreclosures Plunge Year Over Year

By Mark Harbison

If you read the news, you've probably heard all the encouraging reports on the Hawaii visitor industry's slow and steady growth. If you haven't heard the latest on the real estate market, there are improvements there too. Hawaii foreclosures have plunged by… Continue Reading

Stand Up Comedy Night in South Maui

Posted on July 13, 2012
Stand Up Comedy Night in South Maui

By Mark Harbison

Looking for a diversion for a Saturday night? If you happen to live here, the great thing about venturing out of your South Maui home is that there's always plenty of interesting entertainment around the corner. If you haven't made the move… Continue Reading

Maui County Offers Grants to First-Time Home Buyers

Posted on July 06, 2012
Maui County Offers Grants to First-Time Home Buyers

By Mark Harbison

Are you considering a home purchase, but you've never bought one before? It's a big change, and there's so much to consider, but for most new home buyers, the first concerns are financial. It can be challenging, trying to figure out… Continue Reading

Archives
Mark and Lisa

Mark A Harbison
R(B) (GRI) (CIPS) (TRC)

Mark@RealEstateMauiHawaii.com

(808) 283-3785

Coldwell Banker Island Properties
Shops at Wailea, Suite B-35
3750 Wailea Alanui * Kihei, HI 96753
Meyer Computer, Inc.
Web Services provided by Meyer Computer, Inc.
Web Hosting & Design