Hawaii Downpayment Loan Assistance Program
Hawaii Housing Finance and Development Corporation offers Downpayment Loan Assistance Program to home buyers in Hawaii: up to 15% of the price or value, at most $60,000, as a deferred loan.
- Amount
- Up to 15% of the price or value, at most $60,000
- Kind of help
- Deferred loan
- First-time buyers only
- No
- Homebuyer course
- Required
How is Hawaii Downpayment Loan Assistance Program paid back?
Deferred loan: loan at 1% to 8% interest. All of it is due when you sell, refinance or give the home to someone else.
A deferred loan costs nothing each month, but the whole amount is due when you sell, refinance or pay off the first mortgage.
Who qualifies for Hawaii Downpayment Loan Assistance Program?
- You don't have to be a first-time buyer.
- A homebuyer education course before you buy.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for Hawaii Downpayment Loan Assistance Program
- Hawaii Housing Finance and Development Corporation pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on Hawaii Housing Finance and Development Corporation's page for Downpayment Loan Assistance Program, or pick a lender from the agency's list of participating lenders.
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.
Rather not call? Send your details and the lender will reach you.
More help for buyers in Hawaii
All Hawaii first-time home buyer programs · Down payment assistance in every state