First-time homebuyers,
This is HOMESM
The best mortgage for Hawaii's first-time homebuyers.
American Savings Bank is Hawaii's #1 Local Mortgage Lender
Based on State of Hawaii Bureau of Conveyance data January 2024 through September 2025, recorded total value of residential, non-wholesale, purchase mortgages.
This is HOMESM: What is it?
While many programs assist those earning less than 80% AMI, This is HOMESM1 was created as an affordable financing solution to help a wider range of buyers who earn between 80% - 140% Area Median Income (AMI) buy a home in Hawaii.
This is HOME Features
Down payment as low as 3%3
Lower mortgage insurance requirement
Discounted interest rate that'll save you hundreds of dollars each month
Reduced closing costs with no added fees or pricing adjustments
Eligible borrowers' annual qualifying income can be up to $212,8002 for a family of four
To help you qualify for the This is HOMESM program, ASB collaborated with Hawaii HomeOwnership Center and Hawaiian Community Assets to offer free financial education courses (up to a $60 value).
Hawaii HomeOwnership Center Courses >
Hawaiian Community Assets Courses >
- Rate:
5.875% - Points:
2.250 - APR:
6.150% - Monthly Payment:4
$591.54
- Rate:
5.875% - Points:
2.250 - APR:
6.141% - Monthly Payment:4
$591.54
- Rate:
5.125% - Points:
2.125 - APR:
5.816% - Monthly Payment:4
$544.49
This is HOME is an affordable financing solution for first-time homebuyers looking to own a home in Hawaii, so you can stay in Hawaii.
American Savings Bank is Hawaii's #1 local mortgage lender and is committed to doing its part to keep Hawaii home. Together, we can build a better Hawaii, one family at a time.
5Source: Office of Hawaiian Affairs: New census data confirms more Native Hawaiians reside on the continent than in Hawaii
Meet With Your Expert Mortgage Loan Officers
Michelle Luxton
Island: Oahu
NMLS #363495
Phone: (808) 228-8850
Let's Meet
Lisa Carillo
Island: Maui
NMLS #685883
Phone: (808) 872-4991
Let's Meet
Mark James
Island: Hawaii Island
NMLS #477462
Phone: (808) 593-4885
Let's Meet
- “This is HOMESM” is a residential mortgage program for owner occupied, single-family homes and condos - Hawaii properties only. Not applicable for brokered out or Veterans Affairs Loans. Offer valid for a complete loan application submitted by 4/30/2026 and funded by 6/30/2026, subject to change without notice. Subject to loan approval. Certain terms, conditions and restrictions apply. Offer requires enrollment in automatic monthly payments from a new or existing ASB personal checking account prior to loan closing. Otherwise, ASB will be required to re-disclose the non-promotional rate and fees, which may result in delayed closing. See ASB Personal Deposit Account Terms and Conditions for additional information. Offer cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise noted. For the purpose of this promotion, a first-time home buyer is purchasing the property as a principal residence and has had no ownership interest in a residential property during the three-year period preceding the date of the purchase. An individual who is a displaced homemaker or single parent is considered a first-time home buyer if he or she had no ownership interest in a principal residence (other than a joint ownership interest with a spouse) during the preceding three-year time period.
- Applicant income limited to 140% Area Median Income (up to $212,800 for 4-person household as of 5/19/2025) (source: Department of Business, Economic Development & Tourism: https://dbedt.hawaii.gov/hhfdc/files/2025/05/Honolulu-County-2025.pdf).