Hawaii Administrative Rules
Title 17 - DEPARTMENT OF HUMAN SERVICES
Hawaii Public Housing Authority
Chapter 2036 - SECTION 8 HOMEOWNERSHIP OPTION PROGRAM
Subchapter 3 - PURCHASE OF DWELLING UNIT
Section 17-2036-44 - Financing requirements
Universal Citation: HI Admin Rules 17-2036-44
Current through August, 2024
(a) The family may obtain financing to purchase the dwelling unit from any lender on the authority's approved list of mortgage lenders.
(b) The authority shall review the terms of the mortgage loan The corporation may disapprove proposed financing, refinancing or other debt if the corporation determines that the debt is unaffordable, or to determine if the loan terms do not meet the authority's qualifications.
(c) The authority may disapprove certain loan types including adjustable rate mortgage loans and balloon payment mortgage loans.
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