Step 7: Loan & Appraisal

When financing, your lender will request financial documents (e.g., bank statements, tax records, pay stubs). We stay in close communication with the lender to ensure a smooth process.

Two major financing milestones are:

1. Appraisal Report: The appraisal confirms the property’s value. While we cannot influence the appraiser, we support the process by preparing the property and sharing relevant sales data.
2. Conditional Loan Approval: Unlike the mainland, Hawaii contracts require a Conditional Loan Approval Letter, typically submitted two weeks before closing. Buyer than have one week to satisfy any conditions on the letter. The lender must issues a Clear-to-Close and funds escrow 48 hours before closing.