Exclusive Offers for Hawaii State Teacher Association (HSTA) Members1
American Savings Bank is committed to doing its part to keep Hawaii home - especially for teachers who are educating Hawaii's next generation. Together, we can build a better Hawaii, one family at a time.
This is HOMESM2: HSTA Promo
Hawaii’s first-of-its-kind homebuyer program for teachers that lets you live where you love
Low down payment option (as low as 3% down)
Below market interest rate
Discounted mortgage insurance
Primary residence purchases only (do not need to be a first-time homebuyer)
Family of 4 earning up to $212,8003/year may be eligible
Complimentary consultation and prequalification
Exclusive Refinance Promotion
One half (0.50%) point off mortgage refinance
One half (0.50%) point equates to $5,000 in savings on a $1M mortgage
One half (0.50%) point off mortgage refinance
One half (0.50%) point equates to $5,000 in savings on a $1M mortgage
Why Choose American Savings Bank
American Savings Bank (ASB) has been making dreams possible for Hawaii’s residents, businesses and communities for nearly 100 years. ASB provides a full range of financial products and services, including business and consumer banking, and home loans.
Convenient ATMs & Branches
Access to ASB’s conveniently located statewide ATM and branch network, many with evening and weekend hours.
Digital Banking
Bank anytime, anywhere with our ASB Mobile App. Our updated and modern mobile app experience is a secure and convenient way to manage your money and accounts on the go.
Expert Bankers
Our experienced bankers throughout five islands pride themselves on making dreams possible and guiding customers through every major financial milestone in their life.
American Savings Bank is Hawaii's #1 Local Mortgage Lender*
*State of Hawaii Bureau of Conveyance data January 2024 through September 2025, recorded total value of residential, non-wholesale, purchase mortgages.
Additional Programs
- Homeownership Readiness Assessment
- Individualized coaching sessions
- Robust homebuyers education curriculum
Today's Mortgage Rates (01/05/2026)
Below are today’s mortgage rates for our This is Home mortgage, Adjustable Rate Mortgage (ARM) and Fixed Mortgage
This is Home 30 Year Fixed4
- Rate:
5.625% - Points:
2.250 - APR:
5.894% - Monthly Payment:5
$ 575.66
30 Year Fixed4
- Rate:
5.750% - Points:
2.000 - APR:
5.990% - Monthly Payment:5
$ 583.57
10 Year ARM4
- Rate:
5.250% - Points:
2.125 - APR:
5.933% - Monthly Payment:5
$ 552.20
Meet With Your Expert Mortgage Loan Officers
Michelle Luxton
Island: Oahu
NMLS #363495
Phone: (808) 228-8850
mluxton@asbhawaii.com
Lisa Carillo
Island: Maui
NMLS #685883
Phone: (808) 872-4991
Let's Meet
Mark James
Island: Hawaii Island
NMLS #477462
Phone: (808) 593-4885
Let's Meet
- Exclusive offers for current or retired HSTA members, subject to verification.
- “This is HOMESM” is a residential mortgage purchase program for Hawaii properties only financed through American Savings Bank (ASB). The mortgage discount is applicable for owner-occupied, home purchase transactions (Hawaii properties only). Not applicable for brokered out loans or Veterans Affairs Loans. Offer applicable for loans locked and approved through 3/31/2026 and closed/funded by 6/30/2026. Offer requires automatic payments from a new or existing ASB personal checking account. The ASB checking account number with the intent to establish automatic monthly mortgage payments must be provided prior to final approval of the loan by ASB. The establishment of automatic payments must be signed at mortgage closing. If the borrower opts out of automatic payments, or the ASB checking account is not established at loan closing, this promotion will not apply and ASB will be required to re-disclose the non-promotional rate and charges which may result in delayed closing. See the Personal Deposit Account Terms and Conditions for other terms, conditions, and fees for Kalo Checking accounts. This offer cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise noted, and is limited to one promotion per loan. This offer is subject to change without notice. Eligible for owner-occupied, 1-4 unit family dwellings, condotels, and condos. Subject to credit and property approval. Certain terms and restrictions apply. For more information, please contact an ASB Residential Loan Officer. For the purpose of this promotion, an individual is to be considered a first time home buyer if he or she (1) is purchasing the security property; (2) will reside in the security property as a principal residence; and (3) had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the security property. In addition, an individual who is a displaced homemaker or single parent also will be considered a first-time home buyer if he or she had no ownership interest in a principal residence (other than a joint ownership interest with a spouse) during the preceding three year time period (Source: Fannie Mae). Subject to credit and property approval. Certain terms and restrictions apply. For more information, please contact an ASB Residential Loan Officer.
- Applicant income limited to 140% Area Median Income (up to $212,800 for 4-person household as of 5/19/2025) (source: Department of Business, Economic Development & Tourism: https://dbedt.hawaii.gov/hhfdc/files/2025/05/Honolulu-County-2025.pdf).