About Steven Penske
*Steven Penske is a Honolulu-based mortgage advisor with over 25 years of experience helping homebuyers, real estate agents, and investors navigate the home loan process.* *He specializes in **VA loans for active-duty military and veterans**, particularly those relocating to Hawaii during PCS moves. He also works extensively with **jumbo loan clients, self-employed borrowers, real estate investors, and buyers purchasing new construction condos in Honolulu**, including Ward Village and surrounding areas.* *Steven is known for providing solutions in complex scenarios where traditional banks fall short. His expertise includes:* * *VA loans and PCS relocations to Hawaii* * *Jumbo and high-balance financing* * *Self-employed and alternative income (bank statement and asset-based loans)* * *Investor loans (DSCR and LLC ownership structures)* * *New construction condo financing, including projects with limited financing options* *As part of Rate, Steven leverages a national lending platform with competitive pricing, a wide range of loan products, and a streamlined digital mortgage process. His approach combines technology with hands-on guidance, helping clients get approved faster and with greater confidence.* *Steven works closely with real estate agents to help their clients structure stronger offers, including fully underwritten approvals designed to compete in competitive markets.* *His goal is simple: make the mortgage process clear, efficient, and tailored to each client's financial situation*
We can make it happen!
Bank Statement loans
Self-employed? Our Bank Statement Loan program allows self-employed borrowers to seek a home loan without tax returns, W2s or pay stubs.
Foreign National loans
Not a US Citizen? Foreign National loans are available without a social security number, green card, or visa and do not require a FICO score.
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Calculators, tools, guides, and advice
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Located at 820 W. Hind Dr., Ste. 1293 Honolulu HI, 96821
*Rate's 5-minute pre-approval refers to an automated underwriting review of borrower submitted loan documentation and subsequent pre-approval and should not suggest to a borrower that Rate has fully funded or approved the borrowers mortgage application within 5 minutes. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Not all borrowers will be approved. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Restrictions apply.
**Rate's Same Day Mortgage promotion offers qualified customers who provide certain required financial information/documentation to Rate within 24 hours of locking a rate on a mortgage loan the opportunity to receive a loan approval within 1 business day of timely submission of documentation and does not suggest that the borrower will receive funding on the same day as their application submission. For purposes of this offer, documents provided after 1 pm local time or on a weekend or company holiday will be deemed submitted the next business day. Rate cannot guarantee that a loan will be approved or that a closing will occur within a specific timeframe. Rate reserves the right to revoke this approval at any time if there is a change in your financial condition or credit history which would impair your ability to repay this obligation. Read and understand your Loan Commitment before waiving any mortgage contingencies. Borrower documentation and Intent to Proceed must be signed within 24 business hours of receipt. Not eligible for all loan types or residence types. Minimum down payment requirements apply. Not all borrowers will be approved. Borrower's interest rate will depend upon the specific characteristics of borrower's loan transaction, credit profile and other criteria. Not available in all states. Restrictions apply. Visit rate.com/same-day-mortgage for terms and conditions.
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