Contact Us Subscribe

Interest-free down-payment home loans are now available

HONOLULU -- The City and County of Honolulu, Department of Community Services (DCS), announced that qualified low-income and moderate-income households may be eligible for interest-free down payment loans to assist with purchase of their new homes.

$800,000 in HOME funds are available for the loan program for the remainder of this fiscal year. Applications are presently being accepted from applicants' mortgage lenders for loans up to $40,000. Eligible households are those earning 80% of the area median income or below, which is approximately $77,350 for a family of two or $96,650 for a family of four. Loans will be awarded on a first-come, first-served basis to qualified Oʻahu residents.

"We are very pleased we can provide interest-free down payment loans to qualifying low and moderate income households to assist with purchasing their new home; said Mayor Rick Blangiardi. "Every dollar counts, and this federal funding is a great opportunity to achieve the dream of home ownership."

The City and County of Honolulu's Down Payment Loan Program is part of the City's efforts to promote homeownership and create a stronger community. Utilizing HOME Investment Partnership Act funds from the U.S. Department of Housing and Urban Development, this program provides zero interest loans to qualified low and moderate income families to meet down payment requirements.

Interested Oʻahu families are required to apply for a city loan through a mortgage lender after being approved for a first mortgage. There are no application costs. To qualify, applicants must provide five-percent of the purchase price as a down payment and complete an approved homeownership course. A home inspection is also required.

For more information, please contact the City and County of Honolulu, Department of Community Services, Loan Branch at (808) 768-7076 or visit

Like Our Facebook


    Please send questions about this website to
    Copyright© 2006 - 2021 All rights reserved.
    Terms of Use / Legal Disclaimer / Privacy Statement
    Site Designed and Managed by MacBusiness Consulting