Leverage stronger credit

If your credit has improved, a refi can mean better rates and lower payments

Lower monthly payments mean more money elsewhere

Pay off other debt, fund your emergency savings, or start new home improvement projects

Become mortgage-free sooner

Refi to a 15-year term and pay off your mortgage earlier

Budget confidently with fixed rates

Lock in a rate for a 15-year or 30-year mortgage refinance for stable monthly payments

Refinancing your mortgage with HawaiiUSA Federal Credit Union could save you money.

If mortgage rates are lower than what you're paying now, refinancing could be right for you

  • Pay off other debt, fund your emergency savings, or finance home improvement projects
  • Available for primary residential properties only
  • Fast, local decision-making and loan closings
  • Loan to Value (LTV) up to 97% with mortgage insurance
  • Fully amortized over the life of the loan
  • No prepayment penalty

Frequently asked questions

First-time buyers in Hawaii have several mortgage options. Here are a few to consider:

  1. Conventional Loan: A conventional loan can be a good option if you have a strong credit history and can afford a higher down payment. It offers various terms and may have more flexible guidelines for condos or higher-priced properties.
  2. First-Time Homebuyer Programs: HawaiiUSA has a specific program for first-time buyers, offering low down payment, favorable rates, reduced closing costs, and other benefits. Certain eligibility requirements apply.

How do I take advantage of the First Time HomeBuyer rate discounts from education?

  1. Present a certificate of completion for an approved homeownership education training course.
  2. Set up direct deposit with HawaiiUSA
  3. Set up automatic mortgage payments with HawaiiUSA

When you apply for a mortgage loan, a Mortgage Credit Certificate (MCC) reduces the amount of federal income tax that you need to pay, giving you more available income to qualify and potentially reduce your monthly loan payments.

Mortgage Loan Resources

Refinance your home loan for more flexibility

We can help you through the process so you can enjoy more peace of mind.