DSCR Financing in HI
DSCR Loans in Hawaii
Highest prices in the US, strictest STR rules in the US, and grandfathered-license arbitrage that makes Hawaii a specialist's DSCR market.
Local Market Context
Investor Markets in Hawaii
Honolulu / Oahu
High-price condo market with tight STR rules, Act 50 and 90-day minimum ordinances reshaped the landscape.
Maui
Luxury STR market recovering post-Lahaina with strict licensing and strong ADR.
Big Island (Kona)
More STR-friendly than Oahu with legitimate vacation rental zones.
Kauai
TVR-zoned properties with grandfathered STR licenses commanding premiums.
Common Properties
What Investors Finance in Hawaii
- ✓Oahu resort-zone condotels and licensed STRs
- ✓Maui TVR-licensed vacation rentals
- ✓Big Island Kona vacation homes
- ✓Kauai grandfathered TVR properties
- ✓Long-term rental SFRs on all four main islands
Property Types
DSCR Property Eligibility
Depending on the selected capital partner, eligible property types can include single-family rentals, condos, non-warrantable condos, 2 to 4 units, 5 to 8 units, 9 to 20 units, rural properties with leverage adjustments, and mixed-use properties that are at least 50% residential.
Refinance optionsPurchase optionsProgram Paths
Current DSCR Options in Hawaii
Get Brick Capital works direct-to-wholesale across multiple capital partners. These are separate program paths, so the strongest feature from one option should not be assumed to combine with another.
Program 3
Completed Rehab
A completed renovation can use the new ARV immediately. Minimum 660 FICO, $75,000 loan, $100,000 property value, and no executed lease required.
Program 1
Small Balance
Loans can start at $50,000 with a $75,000 minimum property value. New-ARV cash-out generally requires at least 91 days and a lease is required.
Program 7
Low / No FICO, No Minimum DSCR
Qualifying purchases can reach up to 75% LTV and refinances up to 60% LTV, with no minimum DSCR ratio requirement and loan amounts up to $10 million. Pricing is materially higher than standard-credit programs.
Program 3 cash-out in Hawaii is generally capped at 75% LTV. The 80% Program 3 cash-out tier is limited to specific states. Final leverage can also be reduced by DSCR, property type, value, loan size, and other overlays.
Hawaii DSCR FAQ
Does Get Brick Capital offer DSCR loans in Hawaii?
Yes. Hawaii is one of the 46 states Get Brick Capital currently services through its wholesale capital-partner network.
Is Program 7 available in Hawaii?
Yes. Program 7 can be available in Hawaii for qualifying low-FICO, no-FICO, or no-minimum-DSCR scenarios. Purchases can reach up to 75% LTV and refinances up to 60% LTV.
Do I need W-2s or personal tax returns?
DSCR income qualification does not use W-2s, pay stubs, or personal tax returns. The most recent two months of bank statements are generally still required to verify closing funds and liquidity, and eligible assets can be used for reserves.
Can I close the loan in an LLC?
Yes. DSCR loans can close in an LLC. Other eligible vesting can include individual ownership, corporations, and approved trusts depending on the program.
See Your Hawaii DSCR Options
No credit pull for the initial quote. Rates within 24 hours. Typical 28-day close with complete documentation.