Mortgage Refinance
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:
- 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.
- 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?
- Present a certificate of completion for an approved homeownership education training course.
- Set up direct deposit with HawaiiUSA
- 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.
Refinance your home loan for more flexibility
We can help you through the process so you can enjoy more peace of mind.
