Hale Kamaʻāina Mortgage Program

Hawaii HFA | At-A-Glance

AVAILABLE PROGRAMS	Hale Kamaʻāina Mortgage Program
ARCHIVED BULLETINS	To view program bulletins click here
QUESTIONS	Questions
ELLIGIBLE AREA	Hawaii
ELIGIBLE BORROWER(S)	Homebuyers and their spouses (occupant and non-occupant spouse including a non-purchasing spouse) must be first-time homebuyers.
RATES	See chart
DPA AVAILABLE	The amount of Assistance is calculated as a percentage of the lesser of the purchase price or appraised value as entered into the eHPortal.
LOAN TYPE	FHA, USDA-RD, VA, Fannie Mae HFA Preferred, Freddie Mac HFA Advantage
INCOME & PURCHASE PRICE LIMITS	Income and Purchase Price Limits
TIMELINE REQUIREMENTS	60 days from Reservation to Loan Purchase. Underwriter Certification anytime before closing.
HOMEBUYER EDUCATION	All buyers (any person on title to the property) must successfully complete a homeownership counseling program by a housing counseling agency approved by the United States Department of Housing and Urban Development. This applies to all borrowers and not cosigners. Approved providers are in the guidelines.
CO-SIGNERS	Permitted to the extent allowed by applicable Agency. The co-signer is a loan guarantor and cannot have any ownership interest in the property (they cannot be on the mortgage/deed/warranty deed) and cannot live in the property. A non-occupant co-borrower is not allowable.
PROGRAM GUIDELINES	Hale Kamaʻaina Program Guidelines
PARTICIPATING LENDERS	Participating Lenders

Rates & Offerings

Currently $30 Million Available
Government 30 Year Fixed Rate
Offering	FICO	DPA	Lock Rate
FHA, VA, USDA-RD	660	0%	5.400%
FHA, VA, USDA-RD	660	4%	5.650%
Conventional 30 Year Fixed Rate
Offering	FICO	DPA	Lock Rate
Fannie Mae /Freddie Mac	660	0%	5.700%
Fannie Mae /Freddie Mac	660	4%	5.950%