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Funds Still Available For Zero Down Payment Option With A Hula Mae Loan!

Duane Wong
Senior Loan Manager
Renovation & Construction Specialist Honolulu HomeLoans, Inc.
NMLS #321115

The State of Hawaii’s Hula Mae loan program continues to be an attractive option for many first-time home buyers.

If you are a Hawaii resident who is a U.S. citizen over the age of 18 and have not owned any property in the last three years, you may be able to take advantage of this great financing program. Applicants can not be previous recipients of the program and the home must be owner-occupied until the loan is repaid.

The program offers 30 year fixed interest rates as low as 3.45% with a 4.041% Annual Percentage Rate. You may also get a down payment assistance grant for up to 3.00% of the contract sales price of the home with an interest rate as low as 3.80% and an Annual Percentage Rate of 4.412%.

Honolulu HomeLoans is one of only a few participating lenders who can offer you the Hula Mae down payment assistance grant option. This financing option is not available from all participating lenders.

For more details on the Hula Mae program visit the Hawaii Housing Finance and Development Corporation’s website: /hhfdc or call the HHFDC Hula Mae Information hotline 808-587-0567.

To find out how much you may qualify for contact a Honolulu HomeLoans officer today for a no-obligation consultation at 681-7500.

If you do not qualify for a Hula Mae loan due to the income or purchase price requirements, Honolulu HomeLoans offers many other loan programs that can make home ownership possible for you.

With the Presidential election coming up in November there is uncertainty as to how long interest rates will remain so low, so take advantage of low rates while you can.

The Hula Mae program has limited availability of funds, so call today to find out how you may be able to purchase a home with zero down payment!

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