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Mortgage Lenders in Hawaii

Finding the perfect mortgage to go with the perfect home is easy at Hawaii State FCU. We’re here to help you buy a home in Hawaii.

Buying a home in Hawaii is a big investment. It involves a lot of time, research, and naturally, finances. Here are a few things to consider before buying a home.1

Fixed Rate Term

Rate

Points

APR

Fixed Rate Term

30 year

Rate

6.375%

Points

1.625%

APR

6.591%

Fixed Rate Term

30 year

Rate

6.875%

Points

0.250%

APR

6.959%

Fixed Rate Term

15 year

Rate

5.500%

Points

2.000%

APR

5.908%

Fixed Rate Term

15 year

Rate

6.375%

Points

0.250%

APR

6.510%

Fixed Rate Term

Rate

Points

APR

Fixed Rate Term

5 Year ARM

Rate

6.000%

Points

1.625%

APR

7.484%

Fixed Rate Term

5 Year ARM

Rate

6.375%

Points

0.750%

APR

7.552%

Fixed Rate Term

7 Year ARM

Rate

6.125%

Points

1.625%

APR

7.302%

Fixed Rate Term

7 Year ARM

Rate

6.500%

Points

0.750%

APR

7.410%

Fixed Rate Term

10 Year ARM

Rate

6.250%

Points

1.625%

APR

7.100%

Fixed Rate Term

10 Year ARM

Rate

6.625%

Points

0.750%

APR

7.262%


Ready to apply for a Mortgage Loan and need assistance?

Schedule an appointment online with one of our mortgage loan officers.


Calculators to help you save and spend smart

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 $1,089,300 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

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Adjustable Rate Hybrid Mortgages3

Adjustable Rate Hybrid Mortgages (ARMs) 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.
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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
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Click here for disclosure

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.

  • Finance up to $1,089,300
  • No household income cap
  • 3% minimum down payment
  • Gift funds from eligible sources may be used for all down and closing costs

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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

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Meet Our Mortgage Team

We’re here to help. Call or book an appointment online with a Mortgage Loan Officer today. You can also call our Member Service Call Center at (808) 587-2700 or Toll-free 1 (888) 586-1056 and select option “4”.

Ready to apply for your Home Loan?

Start your online application

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Schedule an appointment at one of our branches.

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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, 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.

4. Click for Mortgage Combo 100 disclosure

5. First-Time Homebuyer Program

All borrowers for this first-time homebuyers program must not have had an ownership interest in real estate in the three previous years to be eligible.
Payment example:
Estimated APR with a purchase price of $100,000 and a loan amount of $97,000 for a 30-year term is 7.319% with monthly principal and interest payments of $613.11. The total of all interest payments for 30 years is $120,718.15 and the total of all payments for 30 years is $220,718.15. Actual APR will vary based on property and creditworthiness. APR available as of 3/17/2023 and is subject to change. Loan also requires mortgage insurance, collateral hazard insurance, hurricane insurance, flood insurance for properties in designated flood hazard zones, and HO6 walls-in condominium insurance in amounts to be determined by Hawaii State FCU. Payments do not include amounts for taxes and insurance premiums, including property and mortgage insurance premiums. The actual payment obligation will be greater. All premiums for the aforementioned insurances and property tax must be impounded and escrowed by Hawaii State FCU unless otherwise collected and paid by a homeowners’ association. Program is 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.

Third Party Site Disclaimer

We may provide links to external websites that refer to third party services and products available to Hawaii State FCU members, for enrollment in Hawaii State FCU financial education webinars, or other purposes. Please review the terms and conditions of use carefully. We do not make any express or implied representation or warranty to you concerning the quality, safety or suitability of external websites, or their services, products, or contents. External websites are not under our control and may have different security, privacy and other. Using the links may identify you as a Hawaii State FCU member to the external website operator.  Services and products from third parties are not obligations of, nor endorsed or guaranteed by, Hawaii State FCU nor the National Credit Union Share Insurance Fund.  Alternative services and products may be obtained from other providers of your choice.

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