A principal-and-interest estimate. No application or credit check.
Explore your options
Different paths. One place to call home.
Your credit, savings and property goals help determine which options fit.
Conventional
Some conventional purchase programs offer down payments as low as 3% for qualified buyers. Financing is available for primary residences, second homes and investment properties, with different requirements for each. Credit requirements vary by program and lender. Private mortgage insurance may be removable once the applicable equity and loan conditions are met.
FHA
FHA loans can allow down payments as low as 3.5% for eligible buyers. These government-insured loans offer different credit guidelines that may make homeownership more accessible. Mortgage insurance is required, and your lender confirms the requirements for your situation.
VA loan
Eligible borrowers may buy a primary home with no down payment and no monthly mortgage insurance through a VA-backed loan. A Certificate of Eligibility, lender approval and property requirements apply. A VA funding fee may apply.
USDA loans offer 100% financing with no down payment for eligible buyers purchasing a primary home in a qualifying rural area. Some Hawaiʻi properties may qualify. Household income and property eligibility requirements apply, and lender credit requirements can vary.
Reverse mortgage
A HECM for Purchase can help eligible buyers age 62 or older purchase a new primary home without monthly principal-and-interest payments. You do not need to already own a home. Buyers provide the required funds at closing and remain responsible for property taxes, homeowners insurance and maintenance. Required funds vary with age, interest rates and property value; counseling and other program requirements apply.
Include taxes, insurance, mortgage insurance if required, and condo or HOA dues—not just the loan payment.
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Compare written estimates
Compare the same loan type and term using lender Loan Estimates. Look at rate, fees and cash needed at closing.
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Review the home, too
Preapproval is not final approval. Appraisal, title, property eligibility and underwriting still need to be completed.
A little more detail
Good questions. Clear answers.
Do I need 20% down?
Not always. Some loan programs allow a smaller down payment or no down payment for eligible buyers, including VA and USDA programs. Ask about mortgage insurance and how a lower down payment changes both your upfront and ongoing costs.
What does the calculator include?
It estimates principal and interest using the price, down payment, rate and term you enter. Taxes, insurance, mortgage insurance, HOA dues and fees are additional.
What should I check before buying a condo?
Ask about project eligibility, insurance, association finances, maintenance and special assessments. A unit can suit your budget while its building still needs a lender review.
Is preapproval the same as final approval?
No. A preapproval is based on an initial review and can include conditions. Final approval depends on updated financial information, the property and the lender’s underwriting.
What documents do I need for my loan application?
The documents depend on your income and transaction. These are common starting points; your loan officer will confirm the exact periods and documents needed.
Self-employed
Two years of business and personal tax returns
Most recent profit-and-loss statement and balance sheet
Two most recent monthly bank statements for a purchase
Hourly / salary
Two years of W-2 statements
Two most recent pay stubs; a longer period may be requested
Two most recent monthly bank statements for a purchase
Other income, refinance and program-specific documents may be needed. Send sensitive documents only through the secure request provided by your loan team.
Your next step
Your next home starts with a conversation.
Buying a home or refinancing in Hawaiʻi? Start your application and bring your goals together. Your loan officer can help you compare the next steps, with straightforward answers and guidance.
