Home loans

Mortgage

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New 40-Year Mortgage¹ for first-time homebuyers

Becoming a new homeowner in Hawaii may seem daunting, but that doesn’t mean it’s out of reach. Hawaii State FCU is the only credit union in the state offering this special program, giving first-time homebuyers another option on their path to homeownership.

Program Highlights

Flexible loan options: 40-year fully amortizing fixed rate.
No income limits: Broadly accessible to buyers across different income levels.
95% loan-to-value (LTV): Making homeownership more attainable.
Gift-Friendly Financing: Down payment and closing costs can come entirely from a gift from an eligible family member.

Eligibility

Inquire with a Mortgage Loan Officer for our current 40-year mortgage rates.

Important disclosure

Disclosures

1. Monthly payment for $650,750 loan amount at 6.875% interest rate (APR 6.968%) is $3985.02. Rate is effective as of March 12, 2025, and is subject to change without notice. Payment does not include mortgage insurance, taxes, and property insurance costs, and the actual payment obligation will be greater. Other rate and term options are available. Must be a Hawaii resident. Only improved residential property in Hawaii accepted as collateral.

1. Payment will be made to the savings account within 90 days after meeting conditions. Offer applies to primary new members only, with a limit of one per member. Payment is subject to IRS reporting requirements. Offer and new accounts are open to Hawaii residents only. Visit a branch or contact us for more information. See official rules. See the rates and terms of our checking and savings accounts.

Mortgage Loan Rates

Conventional Mortgage

heDDER	heDDER	heDDER	heDDER
Term	Rate	Points	APR
30 years	5.875%	2.000%	6.159%
30 years	6.250%	0.750%	6.418%
15 years	4.875%	2.000%	5.339%
15 years	5.375%	0.625%	5.627%

Important disclosure

Disclosures

All rates are effective September 26, 2025. Updated at 7:30 AM HST. These rates are market indicators, and they are subject to change throughout the day.

Annual Percentage Rate = APR

All Interest rates are based on 45-day lock for owner-occupant 1st mortgage single-family detached property purchase loans with a 20% down payment or equity and the highest credit score tier available except where otherwise noted. Additional risk-based loan-level price adjustments may increase points for other transaction types, property types, and credit score tiers. Additional risk-based loan-level price adjustments may increase points for other transaction types and credit score tiers. APR’s are based on loan amounts of $100,000. Rates and terms are subject to change or cancellation without notice. Certain restrictions apply. Available to Hawaii residents only, and only for property in Hawaii.

Payment example:

For a 15-year loan for $100,000 at 6.500% interest rate, no points, and an APR of 6.692%, the monthly principal and interest payment is $871. The total of all interest payments for 15 years is $56,799 and the total of all payments for 15 years is $156,799. Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.

For a 30-year loan for $100,000 at 6.875% interest rate, no points, and an APR 6.994%, the monthly principal and interest payment is $657. The total of all interest payments for 30 years is $136,493 and the total of all payments for 30 years is $236,493. Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater. NMLS# 405316

If you have any questions please email: MLO@hsfcu.com

Adjustable Rate Hybrid Mortgages (ARMs)

heDDER	heDDER	heDDER	heDDER
Term	Rate	Points	APR
5 years	5.250%	1.750%	6.689%
5 years	5.625%	0.750%	6.741%
7 years	5.375%	1.750%	6.532%
7 years	5.750%	0.750%	6.628%
10 years	5.500%	1.750%	6.362%
10 years	5.875%	0.750%	6.512%

Important disclosure

Disclosures

All rates are effective September 26, 2025. Updated at 7:35 AM HST. These rates are market indicators, and they are subject to change throughout the day.

Annual Percentage Rate = APR

All Interest rates are based on a 45-day lock for owner-occupant 1st mortgage single-family detached property purchase loans with a 20% down payment or equity and the highest credit score tier available except where otherwise noted. Additional risk-based loan-level price adjustments may increase points for other transaction types, property types, and credit score tiers. APRs are based on loan amounts of $100,000. Rates and terms are subject to change or cancellation without notice. Other terms and conditions apply. Speak to a HSFCU representative for more information. Available to Hawaii residents only, and only for property in Hawaii. Free HSFCU membership is required. Contact us for eligibility.

For a 5/6 Hybrid ARM, there is an introductory rate for the first 5 years (60 months), during which time the interest rate and payment do not change. Both the interest rate and payment may increase at the end of 60 months even if the index value remains the same or decreases because of the expiration of the introductory rate. Both the interest rate and payment may increase or decrease every 6 months thereafter for the remaining 25 years. The interest rate will be calculated by adding the value of the 30-Day Average SOFR index (as published by the Federal Reserve Bank of New York) in effect 45 days prior to your interest rate change date plus a margin of 2.75% and then rounding the sum to the nearest 0.125%, but is limited to the following interest rate caps: on the first interest rate adjustment date, the interest rate may increase or decrease by as much as two percentage points; on each subsequent 6-month interest rate adjustment date, the interest rate may increase or decrease by as much as one percentage point; and the interest rate will never exceed your initial interest rate by more than five percentage points. The payment will be recalculated at the time the new interest rate is determined to fully re-amortize the remaining balance for the remaining term of your loan.

Payment example:

For $100,000 loan amount with an initial interest rate of 4.00%, no points, a margin of 2.75%, a SOFR index value of 4.559%, and an APR of 6.085%, the monthly principal and interest payment is $477.42 for the first 60 months. On the 61st month, the interest rate would increase to 6.000% and the monthly principal and interest payment would increase to $582.75 for months 61 to 66. On the 67th month, the interest rate would increase to 7.000% and the monthly principal and interest payment would increase to $638.46 for months 67 to 72. On the 73rd month, the interest rate would increase to 7.250% and the monthly principal and interest payment would increase to $652.55 for months 73 to 360. APR calculations and this payment example assume no changes to the index value for the entire term of the loan. The total of all interest payments for 30 years is $123,907.48 and the total of all payments for 30 years $223,907.48. Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.

For a 7/6 Hybrid ARM, there is an introductory rate for the first 7 years (84 months), during which time the interest rate and payment do not change. Both the interest rate and payment may increase at the end of 72 months even if the index value remains the same or decreases because of the expiration of the introductory rate. Both the interest rate and payment may increase or decrease every 6 months thereafter for the remaining 23 years. The interest rate will be calculated by adding the value of the 30-Day Average SOFR index (as published by the Federal Reserve Bank of New York) in effect 45 days prior to your interest rate change date plus a margin of 2.75% and then rounding the sum to the nearest 0.125%, but is limited to the following interest rate caps: on the first interest rate adjustment date, the interest rate may increase or decrease by as much as five percentage points; on each subsequent 6-month interest rate adjustment date, the interest rate may increase or decrease by as much as one percentage point; and the interest rate will never exceed your initial interest rate by more than five percentage points. The payment will be recalculated at the time the new interest rate is determined to fully re-amortize the remaining balance for the remaining term of your loan.

Payment example:

For $100,000 loan amount with an initial interest rate of 4.250%, no points, a margin of 2.75%, a SOFR index value of 4.559%, and an APR of 5.883%, the monthly principal and interest payment is $491.94 for the first 84 months. On the 85th month, the interest rate would increase to 7.250% and the monthly principal and interest payment would increase to $645.29 for months 85 to 360. APR calculations and this payment example assume no changes to the index value for the entire term of the loan. The total of all interest payments for 30 years is $119,423.01 and the total of all payments for 30 years $219,423.01. Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.

For a 10/6 Hybrid ARM, there is an introductory rate for the first 10 years (120 months), during which time the interest rate and payment do not change. Both the interest rate and payment may increase at the end of 120 months even if the index value remains the same or decreases because of the expiration of the introductory rate. Both the interest rate and payment may increase or decrease every 6 months thereafter for the remaining 20 years. The interest rate will be calculated by adding the value of the 30-Day Average SOFR index (as published by the Federal Reserve Bank of New York) in effect 45 days prior to your interest rate change date plus a margin of 2.75% and then rounding the sum to the nearest 0.125%, but is limited to the following interest rate caps: on the first interest rate adjustment date, the interest rate may increase or decrease by as much as five percentage points; on each subsequent 6-month interest rate adjustment date, the interest rate may increase or decrease by as much as one percentage point; and the interest rate will never exceed your initial interest rate by more than five percentage points. The payment will be recalculated at the time the new interest rate is determined to fully re-amortize the remaining balance for the remaining term of your loan.

Payment example:

For $100,000 loan amount with an initial interest rate of 4.500%, no points, a margin of 2.75%, a SOFR index value of 4.559%, and an APR of 5.620%, the monthly principal and interest payment is $506.69 for the first 120 months. On the 121st month, the interest rate would increase to 7.250% and the monthly principal and interest payment would increase to $633.01 for months 121 to 360. APR calculations and this payment example assume no changes to the index value for the entire term of the loan. The total of all interest payments for 30 years is $112,724.08 and the total of all payments for 30 years 212,724.08. Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.

SOFR = Secured Overnight Financing Rate

NMLS# 405316

If you have any questions please email: MLO@hsfcu.com

40 Year Mortgage

heDDER	heDDER	heDDER	heDDER
Term	Rate	Points	APR
40 Year Fixed Rate	6.000%	1.375%	6.393%
40 Year ARM	5.500%	1.625%	6.588%

Important disclosure

Disclosures

All rates are effective September 26, 2025. Updated at 7:40 AM HST. These rates are market indicators, and they are subject to change throughout the day.

Annual Percentage Rate = APR

All Interest rates are based on 45-day lock for owner-occupant 1st mortgage single-family detached property purchase loans with a 5% down payment or equity and the highest credit score tier available except where otherwise noted. Additional risk-based loan-level price adjustments may increase points for other transaction types and credit score tiers. APR’s are based on loan amounts of $100,000. Rates and terms are subject to change or cancellation without notice. Certain restrictions apply. Available to Hawaii residents only, and only for property in Hawaii

Payment example:

For a 40-year loan for $100,000 at 6.875% interest rate, no points, and an APR 6.997%, the monthly principal and interest payment is $612. The total of all interest payments for 40 years is $193,939 and the total of all payments for 40 years is $293,939. Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater. NMLS# 405316

If you have any questions please email: MLO@hsfcu.com

Mortgage loan options

Conventional Fixed Rate Mortgages²

Purchasing a home is quick and easy with a Conventional Fixed Rate First Mortgage Loan. Our knowledgeable Mortgage Loan Officers will work with you to make sure your experience is convenient and painless.

Finance up to $1,209,750 or up to 95% loan-to-value ratio, whichever is less
Fixed rate and monthly payments¹
Terms to fit your needs
Improved residential property in Hawaii accepted as collateral

Adjustable Rate Hybrid Mortgages (ARMs)³

These mortgages may offer a more affordable option, with lower interest rates and payments, during the initial fixed interest rate period. The rate may vary and the payments may increase after that period.

Lower rates and more affordable payments compared to conventional fixed-rate options.
Initial interest rate periods of 5 years, 7 years, or 10 years may be matched to each homebuyer’s horizon for their next move.
Easier to qualify for a larger loan amount and larger purchase price.
Caps on interest rate adjustments throughout the term limit the amount of payment adjustments after the initial interest rate period.

Combo 100 Program⁴

Looking for a loan but don’t have any funds for a down payment? Combine a Conventional First Mortgage Loan with a Combo 100 Home Equity Line of Credit and we’ll help you finance 100% of your home up to $1,250,000.

To make it even easier, you can use gift funds, seller credits and lender credits to pay your closing costs.

No down payment required
No income, ZIP code, or census tract restrictions
No minimum buyer contribution required – gift funds from eligible sources may be used for all down and closing costs
Primary residence transactions only
First-time and repeat homebuyers eligible

View Disclosures

First-Time Homebuyer Program⁵

Buying your first home is a big step. Thankfully, our team of Mortgage Loan Officers has your back and will guide you through every step of the process. They’ll help make your dreams of owning your first home a reality with our First Time Homebuyer Program with low down payment options.

Available for 30-Year and 40-Year Terms
Finance up to $1,209,750
No household income cap
3% minimum down payment
Gift funds from eligible sources may be used for all down and closing costs

Jumbo First Mortgage Loan⁶

Sometimes the perfect home doesn’t fit the conventional mortgage. That’s why we have Jumbo First Mortgage Loans. Our Mortgage Loan Officers will work with you step by step through the mortgage process.

Combine with our second lien to purchase up to $1.5 million with as little as 5% down
Fixed rate and payments
Terms to fit your needs
Only improved residential property in Hawaii accepted as collateral

Important disclosure Close

Disclosures

1. Rates and terms are subject to change or cancellation without notice. Other terms and conditions apply. Speak to a HSFCU representative for more information. Available to Hawaii residents only, and only for property in Hawaii. Free HSFCU membership is required. Contact us for eligibility.

2. Conventional Fixed Rate Mortgages

Payment examples:
For a 15-year loan for $100,000 with 5% downpayment at 6.00% interest rate, no points, and an APR of 6.406%, the monthly principal and interest payment is $843.86. The total of all interest payments for 15 years is $51,894.23 and the total of all payments for 15 years $151,894.23. Payments do not include amounts for taxes and insurance premiums, including property and mortgage insurance premiums. The actual payment obligation will be greater.
For a 30-year loan for $100,000 with 5% downpayment at 6.50% interest rate, no points, and an APR 6.966%, the monthly principal and interest payment is $632.07. The total of all interest payments for 30 years is $127,544.49 and the total of all payments for 30 years is $227,544.49. Payments do not include amounts for taxes and insurance premiums, including property and mortgage insurance premiums. The actual payment obligation will be greater.

3. Adjustable Rate Hybrid Mortgages (ARMs)

For a 5/6 Hybrid ARM, the initial interest rate is fixed for the first 5 years (60 months), after which the interest rate and payment may change every 6 months based on the 30-Day Average SOFR index plus a margin of 2.75%. Interest rate adjustments are subject to caps: a 2% limit on the first adjustment, a 1% limit on subsequent adjustments, and a 5% lifetime cap. Payment amounts will adjust to fully amortize the remaining balance over the loan term. Example: For a $100,000 loan, the monthly principal and interest payment at an initial interest rate of 4.00% is $477.42 for the first 60 months. Actual payments may vary based on changes to the index value, taxes, and insurance. APR: 6.085%. Effective March 31, 2025.

4. Click for Mortgage Combo 100 disclosure

5. First-Time Homebuyer Program

For a 30-year loan with a purchase price of $100,000 and a loan amount of $97,000, the estimated APR is 7.319%, and the monthly principal and interest payment is $613.11. Total interest payments over 30 years are estimated at $120,718.15, with total payments of $220,718.15. Actual APR may vary based on property and creditworthiness. Payments exclude taxes and insurance, which will increase the actual payment amount. Mortgage insurance, hazard insurance, and other applicable insurances may be required. APR as of 3/17/2023, subject to change. Available for 1-unit fee-simple owner-occupied primary residences.

6. Jumbo First Mortgage Loan

Payment example:
For a 30 year loan for $1,200,000 with 20% downpayment at 6.50% interest rate, no points, and an APR of 6.512%, the monthly principal and interest payment is $7,584.82. The total of all interest payments for 30 years is $1,530,533.86 and the total of all payments for 30 years is $2,730,533.86. Payments do not include amounts for taxes and insurance premiums, and the actual payment obligation will be greater.