Current mortgage rates · week of July 9, 2026
| Week | 30-yr / 15-yr fixed |
| July 9, 2026 | 6.49% / 5.82% |
| July 2, 2026 | 6.43% / 5.79% |
| June 25, 2026 | 6.49% / 5.84% |
| June 18, 2026 | 6.47% / 5.81% |
| June 11, 2026 | 6.52% / 5.84% |
| June 4, 2026 | 6.48% / 5.79% |
| May 28, 2026 | 6.53% / 5.87% |
| May 21, 2026 | 6.51% / 5.85% |
U.S. weekly averages — Freddie Mac Primary Mortgage Market Survey via FRED.
Hawaii Mortgage Overview
Hawaii is a gorgeous place to live, but it's also one of the most expensive. Hawaii has higher conforming loan limits to account for its higher cost of living. In 2026, you can borrow up to $1,249,125 and the median home value is around $775,000.
Hawaii has many first-time homebuyer programs to make it easier to buy a home there and not all of its 8 islands are as expensive. If you're thinking about moving to Hawaii, here are the most common loan options.
Hawaii conventional loans
Conventional loans are for 'good credit' borrowers. Typically, you need a 660 credit score or higher and debt ratios around 40 percent. You only need a 3 percent down payment as a first-time homebuyer, but many Hawaiians put down much more to bring the mortgage payment down.
Hawaii FHA loans
The FHA offers flexible loans for borrowers with less than perfect credit. You only need a 3.5 percent down payment and a 580 credit score, but you'll pay mortgage insurance for the life of the loan. FHA loans allow gift funds for down payments, so think about a larger down payment to lower the mortgage cost.
Hawaii VA loans
Veterans looking to settle in Hawaii deserve only the best. The VA offers 100 percent financing for veterans and you only need a 620 credit score. With adequate income and stable employment, you could qualify for lucrative and flexible financing terms as a thank you for serving our country.
Hawaii USDA loans
What could be better than living in a rural part of Hawaii, right? If you make less than 115% of the area's median income, you may be eligible for a Hawaii USDA loan which offers 100 percent financing and flexible guidelines for first-time homebuyers.
First-Time Homebuyer Programs in Hawaii
HHOC Mortgage Down Payment Assistance
The HHOC serves low to moderate-income families, helping them secure their first mortgage. Borrowers need just 5 percent down. The program has no mortgage insurance and low interest rates.
DPACC
The Down Payment and Closing Cost program helps homebuyers who make 120 percent or less of the area's median income get up to $10,000 for the down payment and closing costs on their first home. This is in conjunction with an HHOC mortgage.
Honolulu Down Payment Program
The Honolulu Down Payment Program provides up to $40,000 in a down payment. You must contribute at least $5,000 too. There is no interest and the loan is amortized over 20 years.
Hawaii mortgage FAQ
- What types of mortgages are available in Hawaii?
- Hawaii buyers can use conventional loans with 3 percent down and a 660 or higher credit score, FHA loans with 3.5 percent down and a 580 score that also allow gifted down payment funds, VA loans with 100 percent financing and a 620 score for veterans, and USDA loans offering 100 percent financing to households earning under 115 percent of area median income.
- What first-time homebuyer programs does Hawaii offer?
- Hawaii buyers can turn to HHOC Mortgage Down Payment Assistance, which serves low to moderate income families with just 5 percent down, no mortgage insurance, and low rates. The DPACC program adds down payment and closing cost help for buyers earning 120 percent or less of area median income, and the Honolulu Down Payment Program provides an interest-free loan amortized over 20 years.
- What credit score do you need to buy a home in Hawaii?
- It varies by program. Conventional loans typically want a 660 or higher credit score with debt ratios around 40 percent, FHA loans accept scores as low as 580 with 3.5 percent down, and VA loans require just a 620 score for veterans with adequate income and stable employment. USDA eligibility centers on income limits rather than a high score.