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First-Time Home Buyer's Loan Program

Mortgages > Products & Programs > First-Time Home Buyer Loan Program

A program specially designed to help you buy your very first home.

A program specially designed to help you buy your very first home.


Bank of Hawaii’s First-Time Home Buyer’s Loan Program is specially designed to help you buy your very first home. It features access to homeownership counseling and discounts on closing costs.

Now for a limited time you may qualify for up to 1.00% discount off the points of the loan. That means if you apply for a loan amount of $400,000, you could be eligible for a savings of up to $4,000. (Certain conditions apply.)


Features and Benefits

  • Reduced closing costs
  • No prepayment penalty
  • Fixed or adjustable interest rates
  • Variety of terms available
  • Access to homeownership counseling


Helpful Resources

Take a look at our tools and resources to help you with your mortgage needs.


    †To be eligible as a First-Time Homebuyer, all borrowers must not have had any ownership interest in a residential dwelling during the three-year period preceding the date of purchase of the subject property. The most recent 3-years' federal tax returns are required. The borrower must occupy the subject property as his/her primary residence. Eligible properties include one-unit single-family primary residences and condos. The First-Time Homebuyer Discount is not available on FHA and VA loans or on loan amounts greater than $625,500. There is no rebate pricing allowed and therefore in certain cases the discount applied may be less than 1.00%. May not be combined with any other discounts, specials or promotions. Certain requirements and restrictions apply. Subject to loan approval and closing. No cash value. One discount per loan.

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    *#1 Residential Lender ranking is for total number of residential loans and total dollars made by a lender in the State of Hawaii in 2014. Information compiled by Title Guaranty derived from Hawaii Bureau of Conveyances tax data recorded information for 2014. Information is deemed reliable but not guaranteed.
    †To be eligible as a First-Time Homebuyer, all borrowers must not have had any ownership interest in a residential dwelling during the three-year period preceding the date of purchase of the subject property. The most recent 3-years' federal tax returns are required. The borrower must occupy the subject property as his/her primary residence. Eligible properties include one-unit single-family primary residences and condos. The First-Time Homebuyer Discount is not available on FHA and VA loans or on loan amounts greater than $625,500. There is no rebate pricing allowed and therefore in certain cases the discount applied may be less than 1.00%. May not be combined with any other discounts, specials or promotions. Certain requirements and restrictions apply. Subject to loan approval and closing. No cash value. One discount per loan.
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