First Step Home Loan[[SM]]

When you’re ready to leap into homeownership, we’re here to help you take the first step.

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First Step Home Loan[[SM]][[#1]] Features and Benefits

Hawaii & Guam Properties Only

  • Low down payment of 10.01% with as little as 3% down payment from the buyer and the remainder from family
  • Mortgage Insurance not required
  • Maximum loan amount of $1,209,750 
  • Maximum loan-to-value ratio of 89.99% 
  • Choose from either a fixed-rate or adjustable rate mortgage
  • See today's rates and loan terms and conditions, including payment examples

Ideal for

  • Owner occupants with no prior majority ownership greater than 50% of any residential real estate in the last three years[[#1]]
  • First time homebuyers purchasing residential property in Hawaii and Guam[[#1]] 
First-time homebuyers

Current Promotion

First-Time Homebuyer Discount
  • Receive up to a 0.50 point discount off your closing costs with FHB AutoPay[[#2]] for properties located in Hawaii, Guam and Saipan 

What is the impact of making extra payments on my mortgage debt?

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Danielle Vanessa Kapua

Danielle Vanessa Kapua

Senior Digital Mortgage Loan Officer

NMLS #1837847

Apply with Danielle
Jiamei Wang Zahnen

Jiamei Wang Zahnen

Mortgage Loan Officer

NMLS #580459

Apply with Jiamei
Michael Borjas Medina

Michael Borjas Medina

Mortgage Loan Officer

NMLS #609917

Apply with Michael
View All Loan Officers
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FAQs

    How do I know which mortgage is right for me?

    It’s all about you, your budget, and your life. We have a variety of mortgage types, and we can help you find the one that’s right for you. For a free analysis and recommendation of the best mortgage loan program for you, please call us at 808-643-HOME (4663) or take a look at our Mortgage Selector Tool. We also have mortgage calculators that can help you determine what is right for you.

      How can I find out about refinancing?

      Find out about rates and more online or call us to talk about your refinancing options at 808-643-HOME (4663).

        How can I apply for a new mortgage?

        Welcome home! We’re here to help make the process of applying for a mortgage as simple for you as possible. 

        • Contact our customer service line for new or current mortgage customers. We’ll put you in contact with a mortgage specialist who will be able to help make your dreams come true.
        • Apply in person at the branch most convenient for you
          How can I manage and make payments to my Mortgage?

          FHB Online & Mobile Banking enables you to easily view your mortgage transactions, current mortgage balance and upcoming payment due. You can also make a payment to your mortgage from your FHB checking or savings account using the Make a Payment form, or from your account at another bank by using external transfers.

          If you have not yet enrolled for FHB Online & Mobile Banking, you can enroll here.

           

          Didn’t find an answer? Still have questions?

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            Disclosures

            1. First Step Home Loan Program.                         
              The First Step Home LoanSM Program is only available for real properties located in Hawaii and Guam excluding construction-permanent loans, land loans, home equity loans and lines of credit. Other loan program options with different rates and terms are available, and the actual payment will be higher if mortgage insurance is required on your loan. Down Payment: The total down payment of 10.01% (may not exceed 20%) may be a combination of buyer and family contributions; however, a minimum of 3% must come from the buyer.  Family includes relatives (i.e. spouse, child, dependent, or any other persons related by blood, marriage, adoption, or legal guardianship), fiancés, fiancées, domestic partners, former relative, godparents, and relatives of the domestic partner. The donor cannot be affiliated with the builder, developer, real estate agent, or other interested parties (not including the buyer) to the transaction. Gift funds can be used for down payment, closing costs, or reserves, subject to borrower’s minimum contribution. Verification of donor’s availability of funds and transfer of gift funds is required. Homebuyer Education Course.  Homebuyer education courses and certificates from selected approved HUD agencies must be completed by the applicant(s) prior to final loan approval.  Inquire with your MLO for current approved agencies.  Qualification. Only owner-occupant applicants purchasing a home for properties located in Hawaii, and Guam, and transactions financed through First Hawaiian Bank are eligible for the First Step Home Loan ProgramSM.  For purpose of the First Step Home Loan ProgramSM, applicants are first-time homebuyers if they (1) have no prior majority ownership greater than 50% interest (sole or joint) of any residential real estate in the last three-years preceding the date of the purchase of the secured property; (2) are purchasing the secured property; (3) will reside in the secured property as a principal residence. 

              Subject to credit approval and loan closing; other terms and restrictions may apply.
            2. First Time Home Buyer (“FTHB”) Discount. 
              Receive up to a 0.50-point discount off your closing costs with First Hawaiian Bank AutoPay.  To receive this discount, you must enroll in AutoPay from a First Hawaiian Bank personal checking or savings account prior to final loan approval. The discount is good only with a completed loan application submitted to First Hawaiian Bank and cannot be combined with any other promotions, discounts or loan programs, unless stated otherwise. Restrictions: Not available for home equity loans/lines or for mortgage loans originated through mortgage brokers/originator companies.  Applicable for real properties located in Hawaii, Guam, and Saipan, excluding construction-permanent loans, and land loans. Certain other restrictions apply. Qualification. Only owner-occupant applicants purchasing a home for properties located in the Hawaii, Guam, and Saipan, and transactions financed through First Hawaiian Bank are eligible for the discount.   For purpose of the discount, applicants are first-time homebuyers if they (1) have no prior majority ownership greater than 50% interest (sole or joint) of any residential real estate in the last three-years preceding the date of the purchase of the secured property; (2) are purchasing the secured property; (3) will reside in the secured property as a principal residence.

              Subject to credit approval and loan closing; other terms and restrictions may apply.

            First Step Home Loan[[SM]]

            First Step Home Loan[[SM]]

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