© 2025 Hawaiʻi Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Honolulu offering interest-free down payment home loans up to $40K

Mortgage rates on 30-year, fixed-rate loans rose above 5% this week. That's pushing the cost of buying a home higher and making homeownership unaffordable for more people.
Steven Senne
/
AP
Mortgage rates on 30-year, fixed-rate loans rose above 5% this week. That's pushing the cost of buying a home higher and making homeownership unaffordable for more people.

The City and County of Honolulu is offering interest-free down payment home loans up to $40,000.

The Department of Community Services has more than half a million dollars in HOME funds for this fiscal year and is accepting pre-eligibility inquiries.

Eligible households are those earning 80% of the area median income. That’s $83,600 for a family of two, or $104,500 for a family of four.

Loans will be awarded on a first-come, first-served basis to qualified Oʻahu residents.

For more information, call Honolulu DCS's Loan Branch at 808-768-7076, or click here for the City's Loan Programs for Homeowners.

Related Stories