Most people who want to own a new home but have limited budget options often use mortgage loans to raise funds. Many credit unions offer affordable mortgage loans with competitive rates, just like Hawaiian Tel Federal Credit Union in Honolulu, HI, does. They offer mortgages, auto loans, and both checking and savings accounts for residents in and around the region. If you wish to apply for mortgage loans but don't know how to start, their experts are here to help.

Mortgage Loan FAQ’s & Answers

How Do I Start?

Start the process of applying for a mortgage loan by choosing the right credit union or mortgage lender. Hawaiian Tel Federal Credit Union helps Oahu residents purchase their dream home by providing safe and secure financial planning services. Since they're a credit union, they service their clients at a lower cost, and they are consistent with their rates.

What Are The Requirements?

Some loan programs will require income and employment documents, a driver’s license, bank statements, and other important information. Remember that the requirements will vary depending on the company.

What’s The Difference Between Pre-Qualification & Pre-Approval?

Pre-qualification is your lender's assessment of your ability to pay for your loans based on the requirements you submitted. Pre-approval is a written statement from your lender that you're conditionally qualified for the loan mortgage and is subject to verification. You need to obtain a pre-approval from your lending company before buying a house.

I Filed For Bankruptcy — Do I Still Qualify?

If you filed bankruptcy in the past few years, you can still qualify for a mortgage loan. There are loan programs that let people with low credit qualify for a mortgage application. Ask the expert consultants at Hawaiian Tel Federal Credit Union to learn more about purchasing a house with low or no credit.

Hawaiian Tel Federal Credit Union is your one-stop shop for all your financial needs, and membership is open to all Oahu residents. If you're interested in applying for their mortgage loans, call them at (808) 832-8700 today. You can also visit their website for more information, and find them on Facebook and Twitter.