Compare mortgage rates and fees for leading lenders in Kauai, HI. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Kauai.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Kauai. Plus, shopping lenders is free and there is no obligation.
July 5, 2020
The current average rate for a 30 year fixed rate mortgage in Kauai is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
Below we provide helpful information on the real estate market, home prices and housing affordability in Kauai. Understand how much you need to earn to afford a home in Kauai, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Kauai fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Kauai is right for you.
The median home value for Kauai, HI is $654,736
Based on current mortgage rates and a 10% down payment, you need to make $117,836 per year to buy the median priced home in Kauai
With this income, you could qualify for a $589,262 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Kauai is $2,729
The median household income for Kauai, HI is $76,282
Based on this income, you can afford a home valued at approximately $423,851
The home price you can afford to buy based on household income in Kauai is 65% of the median home value which means housing prices are very expensive. Kauai ranks 2 out of 5 counties in Hawaii and 3,113 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Kauai, HI is very expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Kauai below.
Conforming loan limits for Kauai, HI
FHA loan limits for Kauai, HI
VA loan limits for Kauai, HI