First-Time Home Buyer

Let us make buying your first home easier.

From start to finish, we’re here to help you every step of the way.

Get prequalified

Assess your borrowing potential before you apply. Why get prequalified?

Get prequalified

Ready to apply?

Get started by creating an account and applying for your mortgage online.

Apply now Resume your application

What you get

0.50% discount off Mortgage points.**

No prepayment penalty

Fixed or adjustable interest rate options

Variety of terms available

Homeownership counseling

What you need

Recent pay stubs within 30 days

IRS Form W2 for the last 2 years

State and federal personal income tax returns for the last 2 years

Current bank statements for the most recent 2-month period or quarter

Landlord information or rental agreements

Purchase contract if you already found a home

**Mortgage points, or discount points, are fees you can pay to the lender at closing in exchange for a lower interest rate, potentially reducing your monthly mortgage payments. Typically, each point costs 1 percent of your mortgage amount.

Mortgage Rates

Browse rates by term
Fixed-rate
Interest Rate Annual Percentage Rate Points Down Payment Monthly Principal & Interest Payment
per $100,000 borrowed

30 year

6.375%

6.544%

1.750%

20%

$623.87 1

15 year

6.125%

6.283%

1.000%

20%

$850.62 1

Rates as of 06/18/2024 and can change without notice. Rate is based on 45-day lock for purchase transaction.

Browse rates by term
Fixed-rate Jumbo
Interest Rate Annual Percentage Rate Points Down Payment Monthly Principal & Interest Payment per $100,000 borrowed

30 year

6.875%

6.912%

0.375%

20%

$656.931

20 year

6.250%

6.329%

0.625%

20%

$730.931

15 year

6.125%

6.283%

1.000%

20%

$850.621

Rates as of 06/18/2024 and can change without notice. Rate is based on 45-day lock for purchase transaction.

Browse rates by term
Fixed-rate in Guam
Interest Rate Annual Percentage Rate Points Down payment Monthly Principal & Interest Payment
per $100,000 borrowed

30 year

6.375%

6.569%

2.000%

20%

$623.87 1

15 year

6.125%

6.323%

1.250%

20%

$850.62 1

Rates as of 06/20/2024 and can change without notice. Rate is based on 45-day lock for purchase transaction.

Browse rates by term
Adjustable-rate (ARM)
Interest Rate Annual Percentage Rate Time Initial Rate is Fixed Points Monthly Principal & Interest Payment per $100,000 borrowed Current Adjusted Rate Current Adjusted Payment Reset Period First Change Cap Subsequent Change Cap Maximum Life Time Caps Over Initial Interest Rate Floor Rate

5/6 ARM1

6.125%

7.342%

5 years

1.000%

$607.61 2

8.125% 3

$742.50 3

6 months

+2% / -2%

+1% / -1%

5%

2.75%

7/6 ARM1

6.250%

7.164%

7 years

0.750%

$615.72 2

8.125% 3

$742.50 3

6 months

+5% / -5%

+1% / -1%

5%

2.75%

10/6 ARM1

6.375%

7.021%

10 years

1.000%

$623.87 2

8.125% 3

$742.50 3

6 months

+5% / -5%

+1% / -1%

5%

2.75%

Interest Rates effective 06/18/2024 and are based on a 45-day lock period for purchase transactions.

Browse rates by term
Adjustable-rate (ARM) Jumbo
Interest Rate Annual Percentage Rate Time Initial Rate is Fixed Points Monthly Principal & Interest Payment Current Adjusted Rate Current Adjusted Payment Reset Period First Change Cap Subsequent Change cap Maximum Life Time Caps Over Initial Interest Rate Floor Rate

5/6 ARM 1

6.500%

7.453%

5 Years

0.375%

$632.07 2

8.125%3

$742.503

6 months

+2% / -2%

+1% / -1%

5%

2.75%

7/6 ARM 1

6.625%

7.339%

7 Years

0.375%

$640.31 2

8.125%3

$742.503

6 months

+5% / -5%

+1% / -1%

5%

2.75%

10/6 ARM 1

6.750%

7.220%

10 Years

0.375%

$648.60 2

8.125%3

$742.503

6 months

+5% / -5%

+1% / -1%

5%

2.75%

Interest Rates effective 06/18/2024 and are based on a 45-day lock period for purchase transactions.

Browse rates by term
Adjustable-rate (ARM) in Guam
Interest Rate Annual Percentage Rate Time Initial Rate is Fixed Points Monthly Principal & Interest payment per $100,000 borrowed Current Adjusted Rate Current Adjusted Payment Reset Period First Change Cap Subsequent Change Cap Maximum Life Time Caps Over Initial Interest Rate Floor Rate

5/6 ARM 1

6.125%

7.342%

5 years

1.000%

$607.61 2

8.125%3

$742.503

6 months

+2% / -2%

+1% / -1%

5%

2.75%

7/6 ARM 1

6.250%

7.164%

7 years

0.750%

$615.72 2

8.125%3

$742.503

6 months

+5% / -5%

+1% / -1%

5%

2.75%

10/6 ARM 1

6.375%

7.021%

10 years

1.000%

$623.87 2

8.125%3

$742.503

6 months

+5% / -5%

+1% / -1%

5%

2.75%

Interest Rates effective 06/20/2024 and are based on a 45-day lock period for purchase transactions.

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Trusted Lender

In 2023, Bank of Hawaii was the No. 1 local bank in mortgage loans.+

+#1 Residential Lender ranking is for total number of residential loans and total dollars made by a lender in the State of Hawaii in 2023. Information compiled by Title Guaranty derived from Hawaii Bureau of Conveyances tax data recorded information for 2023. Information is deemed reliable but not guaranteed.

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