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Hale Kamaaina Mortgage Program Down Payment Loan

By Tyler Thompson · Licensed Real Estate Agent

Administered by:

Hawaii Housing Finance and Development Corporation (HHFDC)

· State · Deferred Loan

Funding status: Seasonal

How much assistance

Down payment second mortgage not currently offered: HHFDC says updated Second Mortgage Loan terms under Act 214 (2026) await administrative rule amendments. Prior terms were 4% of the first mortgage.

Soft second mortgage at 1% simple interest with no monthly payments. Principal and interest due at mortgage maturity (30 years), sale, refinance or transfer. HHFDC may forgive the interest after 10 years of full compliance; principal must be repaid.

Eligibility

Income limits: As of June 13, 2026, non-targeted areas, 1-2 / 3+ people: Honolulu $154,805 / $178,025, Hawaii County $126,500 / $145,475, Maui $177,600 / $207,200, Kauai $163,080 / $190,260. Higher in targeted areas.
Purchase price limit: $866,346
First-time buyer required: Yes — Borrower and spouse have not owned or held an interest in a principal residence in the past 3 years. Exceptions may apply for veterans and purchases in targeted areas.
Credit score minimum: 660
Geographic restrictions: Homes in Hawaii. Borrowers must be Hawaii residents and U.S. citizens or resident aliens, may not own other residential property in the state, and may not have received HHFDC down payment assistance before. Paired with a Hale Kamaaina 30-year fixed FHA, VA, USDA, Fannie Mae or Freddie Mac first mortgage. Max DTI 45%. Purchase price limits effective June 13, 2026 (non-targeted): Honolulu $866,346, Hawaii County $613,662, Maui $1,359,682, Kauai $1,162,348.
Homebuyer education required: Yes