Buying a home on Oahu just got more within reach. A down payment assistance program through the National Housing Fund is available now, and it can put real money toward your purchase in the form of a forgivable second mortgage.
- Up to $41,400 toward your down payment, covering up to 5% of the purchase price
- No monthly payment on the assistance
- Structured as a forgivable second mortgage that is fully forgiven after you occupy the home as your primary residence for three years
- Available on homes priced up to $828,000
- Fast closings, often 30 days or less, averaging around 21 days
- Income limits apply. As an example, a family of four earning up to roughly $186,000 may still qualify, depending on the program
This program is built to help buyers get in without adding a monthly payment. Because the assistance is a forgivable second mortgage and not a grant, it is forgiven only if you meet the occupancy requirement. If you sell or move out before the forgiveness period ends, some or all of it may need to be repaid.
Program terms, amounts, and eligibility can change and vary by lender, so talk with a licensed lender to confirm exactly what you qualify for. If you think this might be a fit, reach out and my team will connect you with the right lender and walk you through it.
Tony Kawaguchi, REALTOR, license RS-66616, The Kawaguchi Group, eXp Realty (RB-21841). 20+ years and $1B+ in Oahu sales, leading a team of 20+ agents. This is general information, not lending or financial advice. Down payment assistance program terms are set by the program and lender and are subject to change.