Mortgage Options

For a free analysis and recommendation of the best mortgage loan program for you, please call us at 643-HOME (4663).

Click on the options below to learn more about each of our mortgage solutions.  You can also use our Online Comparison Tool to compare options side by side.

Fixed Rate Mortgage
Adjustable Rate Mortgage (ARM)
Balloon Mortgage
First-Time Homebuyer Mortgage
FHA/VA
No Down Payment Mortgage
Rural Housing Service Loan (RHS)
Construction Loans
Home Improvement Loans
Land Loans
Jumbo Loans

Fixed Rate Mortgage
Pre-Qualify Online

Rates:

· Interest rate is constant over the life of the loan
Features:

· Variety of terms available
· Finance with as little as 0% down payment
· Flexible qualifying guidelines
Benefits: · Stable monthly payments
· Protection against rising interest rates
· Fully amortized over the life of the loan
Best Suited For: · Borrowers seeking a set interest rate
· Borrowers who want the certainty of knowing their payment amount
· Borrowers on a fixed monthly income

Adjustable Rate Mortgage (ARM)
Pre-Qualify Online

Rates:

· Interest rates and monthly payments can adjust periodically over the life of the loan
Features:

· Variety of terms available
· Annual and lifetime interest rate caps
Benefits: · Conversion to a fixed rate option available
· Initial interest rate may be lower than fixed rate products
Best Suited For: · Borrowers who expect to move within 5-7 years
· Borrowers who anticipate rising incomes
· Borrowers who can manage payment changes
· Borrowers expecting large cash settlements in the future

Balloon Mortgage
Pre-Qualify Online

Rates:

· Interest rate is fixed for a set term
Features:

· Monthly payments amortized over a longer period than the loan term
· Balance is due on balloon date
· Outstanding balance may be refinanced for qualified borrowers on balloon date
Benefits: · Lower interest rate than fixed-rate mortgage
· Borrower may qualify for higher loan amount
· Stable monthly payments for term of loan
· Rate re-set feature available after 7-years
Best Suited For: · Borrowers who expect to move or refinance within 7 years
· Borrowers who want to take advantage of lower short-term rates and can tolerate some uncertainty about future loan terms
· Owner occupants and second homeowners

First-Time Homebuyer Mortgage
Pre-Qualify Online

Rates:

· Fixed or adjustable interest rates
Features:

· Variety of terms available
· As little as 0% down payment
· Flexible qualifying guidelines
· Fully amortizing
· Reduced loan fees
Benefits: · Payments go towards equity rather than rent
· Minimum down payment enhances buying power
· Flexible guidelines may qualify borrower for larger loan amount
· Reduced closing costs make buying easier
Best Suited For: · First-times home buyers
· Borrowers with limited personal funds for down payments and closing costs
· Borrowers on modest incomes

FHA/VA
Pre-Qualify Online

Rates:

· Fixed or adjustable interest rates
Features:

· Requires little or no down payment
· Flexible qualifying guidelines
Benefits: · Low down payment
· Certain closing costs may be financed
· Less cash on hand required to qualify
Best Suited For: · First-time home buyers
· Borrowers on modest incomes
· Eligible veterans

No Down Payment Mortgage
Pre-Qualify Online

Rates:

· Fixed long term rates
Features:

· Loan to value up to 100%
· No down payment
· Able to use "flexible" funds for closing cost such as gifts, grants, income from roommate/tenant, or unsecured loans from relatives
Benefits: · No income limits
· Stable monthly payments for term of the loan
· Possibly maximize your tax deduction
· Flexibility on credit histories, non traditional credit accepted
Best Suited For: · Borrowers on modest incomes

Rural Housing Service Loan (RHS)
Pre-Qualify Online

Rates:

· Fixed long term rates
Features:

· No down payment
· Guaranteed loan to assist eligible households in rural areas
Benefits: · No reserves required
· May be able to finance all closing costs
Best Suited For: · Limited to owner occupants
· For borrowers located in rural areas

Construction Loans
Pre-Qualify Online

Rates:

· Fixed or adjustable interest rates
Features:

· Interest only payments during the construction period
· Permanent financing means applying only once
· Competitive pricing
Benefits: · Buy your land and build, all with one permanent financing plan
· Interest only payments provide some relief on the budget during the construction period
· Flexible pricing to meet your construction contract terms
Best Suited For: · Those planning to buy land and build within a year
· Large dollar home improvement projects

Home Improvement Loans
Pre-Qualify Online

Rates:

· Fixed long term interest rate and adjustable rate mortgages with competitive pricing
Features:

· As little as 5% down payment
Benefits: · Buy a home and renovate with one loan
· Stable monthly payments for term of loan
Best Suited For: · Those who are owner occupants, second homeowners and investors
· Those who want to buy a "fixer-upper"

Land Loans
Pre-Qualify Online

Rates:

· Fixed rate or adjustable rate mortgages available
· Interest only
Features:

· Competitive pricing
· Low monthly payments
Benefits: · Buy the land now, build later
· Receive a discount on fees when applying for a construction loan at First Hawaiian Bank
Best Suited For: · Those seeking to invest in land, but not ready to build just yet

Jumbo Loans
Pre-Qualify Online

Rates:

· Fixed or adjustable interest rates
Features:

· Competitive pricing
· Available from $625,500 up to $1,000,000+
Benefits: · Equity cash-out permitted
Best Suited For: · Borrowers with good credit
· Borrowers with modest income
· Owner occupants, second homeowners or investors