Hawaii First-Time Home Buyer Programs of 2021

Jan 1, 2021

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Many people dream of living in Hawaii — it’s a tropical paradise with a laid-back vibe. But life in paradise can be expensive, especially for first-time home buyers.

National mortgage options, along with programs offered by the Hawaii Housing Finance and Development Corp., or HHFDC, can make homeownership more accessible to first-time buyers in the Aloha State.

National first-time home buyer loans

These nationally available loans are often a good fit for first-time home buyers because they offer more relaxed credit score and down payment requirements.

Hawaii first-time home buyer programs

The HHFDC doesn’t offer loans or down payment assistance for first-time home buyers at this time, but it does have two programs — Affordable Resale and Mortgage Credit Certificate — designed to make buying a home in Hawaii less expensive.

HHFDC highlights and eligibility requirements


  • Below market price on HHFDC-owned properties, awarded by lottery.

  • Co-mortgagor, co-signer and monetary gifts allowed.

  • Tax credits available through select lenders.


  • Must be a “qualified resident.”

  • Must meet income requirements, which vary by household size.

  • Must be pre-qualified for a home loan.

  • Must be a resident of Hawaii and live in the unit purchased.

Your next step

To learn more about any of the programs listed above, contact the HHFDC or visit the website. There, you’ll be able to request an application for the Affordable Resale Program and see lenders who participate in the MCC program.

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