Ho'olako Pono Loan Program
Home Financing for native Hawaiian families on Hawaiian Home Lands

After many years of limited financing options for native Hawaiians on Hawaiian Home Lands, American Savings Bank, an 80-year-old kama'aina bank, is pleased to offer a loan program that offers construction loans and mortgages to Department of Hawaiian Home Lands (DHHL) lessees.

We appropriately named this loan program Ho'olako Pono. Ho'olako means to provide; to nourish; to give provision. DHHL provides the land, American Savings Bank provides the loans, and Mortgage Guaranty Insurance Corporation (MGIC) insures the loans. Pono means to make right; to be proper. Simply put, this is the pono or "right thing" for these organizations to do. The lessees also have their "kuleana" or obligation and responsibility to ensure a pono legacy for their children. We all must take care of the land which provides a foundation for our homes that are realized with this new loan program.

American Savings Bank is privileged to offer the Ho'olako Pono loan program, which provides expanded financing options available to DHHL lessees. Click here for FAQ.

	Highlights Below > Benefits You’ll Receive > Fast Facts > Frequently Asked Questions (FAQs) > Contact Us

Benefits You’ll Receive

• Conventional loans up to $417,000
• 97% financing available (some restrictions apply)*†
• Fixed interest rates: Principal and interest payments will not change
• Loans are serviced locally — no need to call out of state with questions.
  A toll-free phone number is available for neighbor island borrowers.
• One-time-close construction loan includes:
  • One application
  • One qualification process
  • One interest rate
  • One loan closing
• Free Appraisal up to $600
• Special features** are available for American Dream Loan borrowers (first-time homebuyers) such as:
  • 1/2 point waiver (1/2 point = 1/2% of loan amount)

	Fast Facts Fact Sheet
	Loan Guidelines Certain property and property value guidelines apply
	Available Loan Amount Funds available on a first-come, first-served basis
	Get Rates

Frequently Asked Questions (FAQs)
Click here to find answers to commonly asked questions about the Ho'olako Pono Loan Program.

Contact Us
For more information, vist your nearest branch or call our Residential Loan Sales Department.

• *   Call us for details.
• ** This benefit is applicable only if an American Savings Bank Checking Account is opened.
• †   Example: A $295,830.00 loan (sale price: $300,000 with 3% down payment and 1.66% financed MI); a 30 year fixed rate loan with a 5.56% simple interest 5.83% APR, at 1.625 points will have a monthly principal and interest payment of $1,679.69. Program, rates and terms are effective as of July 7, 2009 and subject to change without notice.