Buying a house in Hawaii with zero down - Yes you still can

While most lenders on earth have stopped doing 100% financing of any kind, there are still 2 ways (that I know of) to get a house for zero down in Hawaii.

One is to use a VA loan, which is now one of the best deals out there. There is no monthly mortgage insurance, and instead a 2.15% funding fee at closing. All you have to do is be in the military at some time and get your "certificate of eligibility." The VA loan goes up to $625k with zero down, and they actually will go above that.

If you want a buy a house in Hawaii Kai or Kailua, or anywhere in East or Windward Oahu, you'll need quite a bit more than $625k. Well the VA will in fact give you that loan, as long as you have 25% of the amount above $625k. So if you are buying a house in Kailua for $700k, you just need $18,750 down. You can still finance the closing costs through seller credits, and also get some of your debt paid off too. VA is awesome.

The other way is to join Navy Federal Credit Union, which has zero down up to $850k if you have good credit. Nave Fed also has terrible customer service, maybe the worst I have ever encountered. Getting a loan from them is like getting teeth pulled without Novocaine. They apparently have no concern for customer satisfaction or retention. Every client I have ever worked with that used Navy Fed hated every minute, but the interest rates and zero down loans programs are often hard to beat.

In order to join Navy Federal CU, you'll need someone in your family to have been in the Navy, or you need to work at a Navy base, or have some ties to the Marines. I don't know how they actually verify the info though.

So yes you can still buy a home with zero down in Hawaii, up to about $850k. And there is some discussion about raising the loan limit on VA loans in Hawaii to about $793k, which is the current temporary conforming limit.