This is HOMESM,2: 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
One half (0.50%) point off mortgage refinance
One half (0.50%) point equates to $5,000 in savings on a $1M mortgage
American Savings Bank (ASB) has been making dreams possible for Hawaii’s residents, businesses and communities for 100 years. ASB provides a full range of financial products and services, including business and consumer banking, and home loans.
American Savings Bank is Hawaii's #1 Local Mortgage Lender
Based on State of Hawaii Bureau of Conveyances data January 2024 through September 2025, recorded total value of residential, non-wholesale, purchase mortgages.
- Homeownership Readiness Assessment
- Individualized coaching sessions
- Robust homebuyers education curriculum
- Rate:
5.875% - Points:
2.125 - APR:
6.137% - Monthly Payment:5
$591.54
- Rate:
5.875% - Points:
2.125 - APR:
6.129% - Monthly Payment:5
$591.54
- Rate:
5.375% - Points:
2.500 - APR:
6.006% - Monthly Payment:5
$559.97
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 program for owner occupied, single-family homes and condos - Hawaii properties only. Not applicable for brokered out or Veterans Affairs Loans. Offer valid for a complete loan application submitted by 4/30/2026 and funded by 6/30/2026, subject to change without notice. Subject to loan approval. Certain terms, conditions and restrictions apply. Offer requires enrollment in automatic monthly payments from a new or existing ASB personal checking account prior to loan closing. Otherwise, ASB will be required to re-disclose the non-promotional rate and fees, which may result in delayed closing. See ASB Personal Deposit Account Terms and Conditions for additional information. Offer cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise noted. For the purpose of this promotion, a first-time home buyer is purchasing the property as a principal residence and has had no ownership interest in a residential property during the three-year period preceding the date of the purchase. An individual who is a displaced homemaker or single parent is 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.
- 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).