Skip to Main Content Skip to Sitemap

First-Time Homebuyer Mortgage

With HawaiiUSA's First-Time Homebuyer program, you'll receive as much guidance as you need while finding a mortgage that fits your finances and lifestyle. Our friendly, knowledgeable mortgage experts are ready to serve you.

First-Time Homebuyer Mortgage

We'll help you purchase your first home in Hawaii and provide an experience that reduces your stress and worry. By understanding your needs, our mortgage loan officers will explain the financing options that work best.

  • First-Time Homebuyer mortgages are available to owner-occupants
  • As low as 3% down payment with mortgage insurance
  • Up to 95% financing without mortgage insurance1
  • No loan origination fees2
  • If you have any questions or need assistance with your mortgage application, please call us at (808) 534.4300 or (800) 379.1300. You also can email our Help Desk.



If you're a first-time homebuyer who earns 80% of your area's median income, you can qualify for this grant program created to help our communities thrive. Since the program started in 1995, Home$tart has granted more than $35.7 million to more than 7,200 first-time homebuyers. HawaiiUSA is a proud participating member of Federal Home Loan Bank’s Home Start and HomeStart Plus programs.

  • HomeStart maximum subsidy amount per homebuyer is $5,000
  • For those receiving public housing assistance, Home$tart Plus maximum subsidy amount per homebuyer is $10,000
  • Grants can be used for down payments, closing costs or improving a property that the homebuyer will use as  their primary residence
  • Grants are based on allocated funding and may be combined with funds from other sources
Members with low to moderate income qualify to take advantage of federal mortgage tax credits that help reduce the cost of buying a home. The MCC is a tax credit and helps reduce the amount of federal income tax you pay which increases your available income. The federal government allows each homeowner to claim an itemized federal income tax deduction for the amount of interest paid each year on a mortgage loan.
For a homeowner with a MCC, this benefit is even better: 20% of your annual mortgage interest will be a direct federal tax credit, resulting in a dollar-for-dollar reduction of your annual federal income tax liability. The remaining 80% of your annual mortgage interest will continue to qualify as an itemized tax deduction.
To qualify for the mortgage tax, buyers must reside in the home being purchased and cannot have owned a home in the previous three years. There are income and sales price limitations. If you are interested in learning more about the MCC program please contact us today.


1 Includes 15% secondary financing with Hawaii HomeOwnership Center's "Downpayment Assistance Loan Program". Restrictions and qualifications apply.

2 Additional requirements needed to qualify include successful completion of Hawaii HomeOwnership Center's "First Time Home Buyer Program", direct deposit, and automatic loan payment set-up.