Are you a first-time home buyer in Hawaii? Discover affordable homeownership options tailored to the tropical paradise. Explore downpayment assistance programs and resources to navigate the Hawaiian real estate market. Unlock the doors to your dream home amidst lush landscapes and vibrant communities.
State-Wide Programs
Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|
Down Payment Assistance Loan Program | Up to $10,000 in down payment and closing costs assistance | Any homebuyer that can meet income requirements | Deferred second mortgage |
Hula Mae Mortgage Loan Program | Up to 3% of the purchase price in down payment assistance | First time homebuyer who meets income requirements and is a resident of Hawaii | Second mortgage |
Mortgage Credit Certificate Program | Reduces up to 20% in mortgage interest that you pay into federal taxes for the life of your loan | Homebuyer that can meet the income and purchase price requirements | Tax Credit |
Regional Programs
County/Region | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Hawaii | FSS & HOP Program | Reduces monthly mortgage payments | Homebuyers who meet the minimum income requirement and pay 3% down payment | Subsidy and matching savings fund |
Honolulu | Down Payment Loans | Up to $40,000 loan for down payment assistance | First time homebuyers that can meet income requirements and can pay 5% of the down payment in cash | Second mortgage |
Kaua'i | HOME Investment Partnership Program | Up to $150,000 loan for down payment assistance | First time homebuyer who meets the income requirements and is a resident of Kauai | Second mortgage |
Maui | First Time Homebuyer's Down Payment Assistance Program | Up to $30,000 in down payment assistance | First time homebuyers that can meet income and savings requirements | Not specified |
City Programs
City | Program | Assistance Offered | Who Should Apply | Assistance Type |
---|---|---|---|---|
Honolulu | Down Payment Loans | Up to $40,000 loan for down payment assistance | First time homebuyers that can meet income requirements and can pay 5% of the down payment in cash | Second mortgage |
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