State offers low rates for first-time homebuyers

2.95% low rate; 3.45% down payment assistance

Published  12:35 PM HST Nov 23, 2012
Homes For Sale
HONOLULU -

Low interest home loans are available from the state to first-time home buyers who meet certain qualifications.

The Hawaii Housing Finance and Development Corporation announced this week that it has $15 million in so-called Hula Mae funds available.

Fannie Mae and Ginnie Mae mortgages are available at the low interest rate of 2.95 percent from participating lenders.

Low rate down payment loans are also available.

Those interested can call the Hula Mae information line at 587-0567.  Click here for participating lenders.
 

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