High interest rates for STR in Maui

[Samer S.]

We were thinking of putting an offer for a short term vacation condo in Maui Hawaii (~400k) but decided to not go forward with it because of high 3.75% interest rate for 30 yr Fixed, 20% down. We knew that STR's fall under non-warrantable loans but didn't expect the rate to be that high.

i have excellent credit score and can easily afford the unit. Does anyone have any suggestions? Are the non-warrantable rates this high only in Hawaii?

At these interest rate, STR's seem to be bad investment :(

[John Underwood]

That is still an excellent historically low rate. If you can't make money with that interest rate then this is not a good investment.