Small Balance Commercial Lending

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HOT, HOT, HOT; NO APPRAISAL FEE, no application fee, not title or escrow fees on refinance or equity lines of credit transactions: 1% loan origination fee-WAIVED for a limited time on loans or lines of credit $250,000 to $500,000!
This is a killer deal!
Loan amounts from $50,000 to $500,000, in first lien or second lien position. A wide variety of property types, including retail, office, warehouse, mixed-use, multi-family; Owner Occupied or Investor Properties; all legal entities including individuals, sole proprietors, LLCs, and Corporations. Property values up to $2,000,000.
This is an ideal loan for the self-employed and small business owner whom is looking to purchase commercial real estate, or in need of cash to reinvest in their business, make improvements to their existing property, or just establish a line of credit for future use.
Very competitive rates, and streamline application process.
Call the office to find out more about this amazing program.
Marcia Murphy
Pacific One Mortgage, Inc

New Conforming Jumbo Loans/ Rates Just Dropped

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WOW, this is GREAT!! Fannie Mae and Freddie Mac have just eliminated the “price adders” which were previously driving higher rates on the new, conforming, (temporary) higher loan limits above the $625,500 loan amount! Now, as of May 7, 2008, the pricing on these “Jumbo” loans is almost equal to the agency conforming!
Oh, by the way, the max loan amount for the new, conforming “Jumbo” varies by zip code. In Hawaii, the loan limit by County for a one unit property is as follows; Honolulu $793,750, Kalawao $716,250, Kauai $773,750, Maui $790,000.
What a great opportunity to capture an excellent rate on what was previously considered a real Jumbo loan with real Jumbo pricing!
Please call the office if you have questions, or would like a rate quote.
Marcia Murphy
Pacific One Mortgage, Inc
808-792-7169 office

Rural Housing Loan/ 102% Financing

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What a fabulous loan for this day and age. Yes, the property must be located in a RD qualified area, and there are income restrictions; however, all areas of The Outer Islands qualify, as does much of Oahu! And the income restrictions are quite liberal based on family size and the RD limit for the area. Following are some of the highlights of this very attractive program;
30 year fixed rate mortgage only, with very competitive rates
Up to 102%LTV
NO MONTHLY MORTGAGE INSURANCE: loans are guaranteed for life by the USDA
No minimum down payment, or reserves are required
Not limited to first time homebuyers
One-unit, primary residence only
Up to 6% seller contribution permitted
Borrower’s income may not exceed the RD limit for the area

Please call our office for additional information, or qualifying quidelines
Marcia Murphy
Pacific One Mortgage, Inc
808-479-2427 cell

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