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Hawaii Downpayment Loan Assistance Program

Hawaii Housing Finance and Development Corporation offers Downpayment Loan Assistance Program to home buyers in Hawaii: as much as 15% of the price or value, capped at $60,000, as a deferred loan.

Amount
As much as 15% of the price or value, capped at $60,000
Type of assistance
Loan with deferred repayment
Only open to first-time buyers
No
Homebuyer education class
Required

A deferred loan, with interest that runs from 1% to 8%. Once you sell, refinance or give your home to someone else, the whole loan has to be paid.

Monthly payments are zero on a deferred loan, but selling, refinancing or paying off that first mortgage makes the full amount due.

Who qualifies for Hawaii Downpayment Loan Assistance Program?

  • Being a first-time buyer isn't required.
  • Complete a homebuyer education course ahead of your purchase.

Your county and household size set most of the limits. Use our HUD income limits tool to see the median income for your area and how your household compares.

How to apply for Hawaii Downpayment Loan Assistance Program

  1. You apply through an approved lender along with your home loan, because Hawaii Housing Finance and Development Corporation sends this assistance through those lenders.
  2. Your lender reviews your credit, income and the property against the program's rules, then reserves those funds on your behalf.
  3. At closing, the money is applied to the down payment and closing costs of your purchase.

Check Hawaii Housing Finance and Development Corporation's page for Downpayment Loan Assistance Program for the full rules and to find out if it's taking applications. Or choose a lender through the agency's participating lender list.

Ask a lender about Hawaii Downpayment Loan Assistance Program

Tell us where you're buying and a lender that works with Hawaii's programs can tell you whether Hawaii Downpayment Loan Assistance Program fits you, and what you could combine with it.

Call 866-602-7460

Prefer not to call? Share your details and the lender will contact you.

When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

Other assistance for buyers in Hawaii

Every Hawaii first-time buyer program · Down payment help in all states