Here at Island Lending Hawaii, we have a variety of great loan programs for our first time home buyers. Active duty and veterans can use their VA benefits and purchase a home with zero down payment. If you're not a member of the arms forces, you can utilize the USDA loan which is 100% financing and as little as 3% down payment on our conventional loans. Speck with one of our professionals about your loan options. 

First Time Home Buyer Loan Programs

VA

  • 100% Financing
  • 550 Minimum FICO
  • Primary Residence Only
  • For Military and Their Spouse
  • VA Funding Fee May Apply

USDA

  • 100% Financing
  • 550 Minimum FICO
  • Primary Residence Only
  • Upfront & Monthly Insurance
  • Location & Income Restriction

FHA

  • 3.5% Minimum Down Payment 
  • 550 Minimum FICO
  • Primary Residence Only
  • Upfront Mortgage Insurance fee
  • Monthly Insurance fee

HomeReady

  • 3% Minimum Down Payment
  • 640 Minimum FICO
  • Primary, Second, Investment
  • Monthly Insurance May Apply
  • Income Restriction

Home Possible

  • 5% Minimum Down Payment
  • 640 Minimum FICO
  • Primary, Second, Investment
  • Monthly Insurance May Apply*
  • Income Restriction

HomePossible Advantage

  • 3% Minimum Down Payment
  • 640 Minimum FICO
  • Primary, Second, Investment
  • Monthly Insurance May Apply*
  • Income Restriction