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Banking Without Going to the Bank

ASB February 03, 2020 | 5 min read Personal

Banking without going to the bank

SKIP A TRIP TO THE BANK WITH ONLINE BANKING

We‘ve all been there: you’re running late for an event when you realize you need to stop at the bank. Worse, you make the detour only to find you’re too late and the bank’s closed for the day. Wouldn’t it be better if you could skip the trip to the bank when you need to deposit a check, transfer money, or just check your account balances?

Luckily, many banks now offer online banking to help cut some of the hassles out of your life. At American Savings Bank, our Online Banking system is just one of the ways we’re constantly trying to make banking easier for our customers. You can use online banking and mobile banking to manage your ASB accounts from almost anywhere. Simply log in using a computer or smart phone (using the ASBHawaii mobile app) to stay up to date.

Below are some great benefits to using Online Banking when you’re short on time but need to access to your accounts.

TYPES OF SELF-SERVICE BANKING:
Online/Mobile Banking is one of many ways that you can do your banking without having to visit a branch. ASB provides a variety of tools to help you manage your accounts, perform transactions, and get access to your funds.

Some of the types of self-service banking offered by ASB include:

  • ATMs: Automated teller machines, which you probably know as ATMs, allow you to complete basic banking transactions with a computer instead of a human teller. We have ATMs located throughout Hawaii to give you quick access to your money when you’re on the go. A majority of our ATM’s allow you to complete different types of transactions, including: deposits (check and cash), withdrawals, transfers, mini statements, balance inquiry, etc. ATM’s are a convenient option to complete simple transactions and access basic transaction information when branches are busy or you are visiting outside of bank hours.
  • Phone Banking: Phone banking is a simple self-service tool you can use to manage your money. Our phone banking system allows you to make transfers between accounts, schedule recurring transfers, make a loan payment, and place a stop payment on a check. You can also get information on local branch hours based on zip code. To use our phone banking system, simply call 808-627-6900 or toll-free, 800-272-2566.
  • Direct Deposit: Hate visiting the bank every other week to deposit your paycheck or government benefits check? Direct deposit allows you to set up an electronic link between your payer and your ASB checking account. The deposits are made at the same time as your normal paycheck, but instead of a paper check, the money goes directly into your checking account. Use our online automated account switching solution ClickSWITCH to set up your direct deposit or switch your recurring direct deposits from your previous financial institution account to your American Savings Bank account.
  • Credit and Debit Cards: Credit and debit cards are another form of self-service. These cards work by using a plastic card with a magnetic strip or electronic security chip to process your payments at retailers. When you swipe a debit card, the money is automatically withdrawn from your checking account to pay the retailer. At participating merchants, you can also get cash back while using your debit card to pay for your items. When you use a credit card, the money is taken from your credit limit and your credit card company pays the merchant. You might consider a credit card payment like a very short-term loan. The charge is added to your current credit card balance and will be added to your monthly credit card bill.
  • Online Banking: Perhaps the most widely-known form of self-service is online banking. Through online banking, you use a secure login to access the online platform. Once logged in, you’ll have access to your account and loan balances. You’ll also have the ability to make and schedule transfers and even make loan payments. Set up eStatements so you’re not getting paper account statements each month and manage/pay your bills using Online Bill Pay all from your online account.
  • Mobile Banking: Mobile banking gives you all of the functionality of online banking. Our convenient ASB Hawaii Mobile App keeps your ASB accounts in your pocket at all times. You can quickly and securely access your accounts using Touch ID or Face ID from your iPhone or you can set up a four digit passcode. Mobile banking has all of the same exact features as Online Banking, except you can also use the app to deposit checks into your ASB account.


BENEFITS OF ONLINE BANKING:
Online Banking comes with a lot of advantages over visiting a branch for simple banking functions. Whether you need to transfer money or pay a bill, ASB Online Banking is a convenient solution to save you time and effort.

  • Convenient: Online Banking and Mobile Banking make it easy to perform simple banking tasks without an extra trip to the bank. You’ll spend less time traveling to the bank and waiting in line. Went on a shopping spree and need to check your balance? Hop on the mobile app or visit a nearby ATM to quickly get access to your account.
  • Secure: Online Banking tools are secure to help keep your information safe. If you lose a paper statement or check, there’s almost no way to know if your information is secure. With Online Banking, you can rest easy knowing your private details and account information is secure. At ASB, we make online banking security one of our highest priorities.
  • Instant Notifications: With Online Banking, you can set up alerts to receive a text or an email whenever there is activity in your account. You’ll know exactly when a check is cashed or a transfer is made in your account.
  • Faster Transactions: Since you don’t have to wait in line at the bank, you can make transfers, make deposits, and pay bills faster. Simply click your mouse or tap your finger to send money between your ASB accounts or set up recurring payments for your bills.
  • No Physical Restrictions: Have you ever needed to deposit a check at the bank after work? You probably found yourself hurrying to your nearest branch right at the end of the day. With Online Banking and our ASBHawaii Mobile App, you don’t have to worry about branch hours or whether it’s a holiday. You can complete your basic banking tasks from your phone, tablet, or computer.


READY TO GET STARTED WITH ONLINE BANKING?
Sign up for Online Banking with ASB and get access to your accounts from almost anywhere. Setting up an online account is easy and you’ll be able to enjoy all the benefits of Online Banking. Skip your next trip to the bank by enrolling in Online Banking today.

Today's Mortgage Rates Hawaii

Below are today's mortgage rates (05/01/2025) for our Conforming, This is HOME, Jumbo and Veteran Affairs (VA) Loans.

Visit a Home Loan Center >       
Find a Loan Officer >       
 

American Savings Bank is Hawaii's #1 Local Mortgage Lender* *2024 State of Hawaii Bureau of Conveyances data, recorded total value of residential, non-wholesale, purchase mortgages.

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© 2024 American Savings Bank, F.S.B. RATES FROM AMERICAN SAVINGS BANK
Contact us today for more information on financing
(808) 627-6900 | asbhawaii.com
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How Bad Credit at a Young Age Can Impact Your Life

ASB January 31, 2020 | 5 min read N/A

Bad credit when you're young can set you up for a more difficult path as you get older. Learn what you can do to set yourself up for success in the future.

how credit at a young age can impact your life

How Bad Credit at a Young Age Can Impact Your Life

  • 38% of Americans under age 30 have a credit score below 621.
  • Only 14% under age 30 have an Excellent score over 720.
  • A score below 660 is generally considered Poor. Scores under 620 are commonly considered Bad.
  • Lenders view people with poor credit as riskier borrowers.
  • A lower score may indicate a person is less likely to make their payments. This means a lender may not get their money back on time.
  • You must use credit to build your credit score. It takes time so it is best to start while you are young.
  • Bad credit can hurt your chances of getting approved for:
    • Auto Loans
    • Personal Loans
    • Credit Cards
    • Mortgages
    • Employment
    • Housing Rentals
  • If approved for credit, you’ll likely pay the highest interest rates available.
  • You’ll likely pay higher insurance premiums.
  • You may also have to pay security deposits for utilities like cell phones, electricity, or internet.
    • For cell phones with payment plans, you may not be approved or may have to pay more upfront.

Good Habits to Avoid Bad Credit

Trying to build credit and prevent a bad credit score? Looking for ways to repair your credit? Use these tips for building and improving credit:

  • Pay your bills on time. Late payments are a big factor in your credit report.
  • Don’t use all of the credit available to you.
    • Your credit utilization rate (the amount of credit you’re using vs. your credit limit) greatly impacts your score.
    • The less total credit you use shows you’re responsible with your spending.
  • Don’t open credit accounts all at once.
    • Multiple inquiries on your credit report can hurt your score.
    • If you need a loan or credit card, do your research first to see if you’re qualified.
    • Apply only for one account at a time.
  • Keep accounts open.
    • If you already have a credit card, don’t close the account.
    • Even if you’ve paid the balance off and stopped using the card, the account shows up on your credit history.
    • A longer history of open accounts with on-time payments and low credit usage could help improve your score.
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How to Recognize and Avoid Phone Bank Scams

ASB January 30, 2020 | 5 min read N/A

avoid phone fraud

Scam artists today are more tech-savvy than ever before – from impersonating a bank representative to even using a fake caller ID number to appear as if a bank is calling your phone. With this in mind, it’s important to be vigilant at all times. And, if you’re a parent of a child who has a cell phone, make sure they’re aware of how to stay safe, too. Here are a few helpful tips on recognizing and avoiding phone scams.

Common Bank Calling Scams

The most common phone call scams include:

  1. Bank Scams

    Beware of telemarketers. Some telemarketing phone scams include someone pretending to be a charity asking for donations, offering free trials, or selling fake products. Each of these types of phone scams involves asking for your personal or credit card information.

  2. Telemarketing Scams

    Beware of telemarketers. Some telemarketing phone scams include someone pretending to be a charity asking for donations, offering free trials, or selling fake products. Each of these types of phone scams involves asking for your personal or credit card information.

  3. Sweepstakes Scams

    A sweepstake or lottery scam involves calling with exciting news: that you’ve won a prize! To receive the prize, however, the winner will need to send a small amount of money or give out detailed personal information. A sweepstakes scam collects your money, and then never sending the prize.

Know the Signs of a Fake Phone Call

While knowing the most common phone scams used by scam artists is important, the tactics used can change at any moment. In order to help protect yourself from a phone scam, you should recognize the signs of a fake phone call.

  • Commonly changing information about who they are or changing the subject, first telling you one thing and then changing the facts. This can distract you from catching on to the scam.
  • Saying they are a representative of your bank and asking for personal information. Scammers can spoof Caller ID to make it appear as if you are getting a call from the bank.
  • Using a sense of urgency or fear to get you to act fast.
  • Acting helpful to gain your trust so they can exploit that trust.
  • Asking for details about your personal information.

 

What Information Should You Never Provide?

To protect yourself from scam phone calls, remember to never provide confidential information over the phone. ASB will never ask contact you to ask for your personal or account information. Unless you initiate a call to a reputable number, never give out the following information:

  • Personal details like your full Social Security Number or answers to personal security questions.
  • Financial information including credit card numbers or bank account information.
  • Passwords or login information for online sites like your bank website, retirement accounts, or email.


Always be aware when an unknown number calls your phone. Caller ID can be spoofed to appear as if a legitimate number is calling. This can also happen via text. Even if the caller says they’re an authority figure or your relative, double-check the information first. If something doesn’t seem or feel right, it probably isn’t. If someone requests for you to provide this information, it is best practice for you to hang up the call and call back the company to confirm the legitimacy of the call/inquiry.

 

Senior Citizens: A Common Target

Scam artists tend to target senior citizens, who are more vulnerable to identity theft and fraud. Often referred to as “the crime of the 21st century,” many scams involving phone calls make it seem like a loved one is on the other end of the line and in need of financial support. The reasons scammers may choose to target a senior include:

  • Seniors may be less savvy when it comes to technology, including smart phones.
  • The relatively trusting nature of many seniors encourages them to pick up the phone and answer questions honestly.
  • Perceived to have more monetary savings, especially retirees in Hawaii.
  • Seniors looking for a purpose in retirement and in their elder years, may be more willing to help a younger person in need.


You can help yourself and seniors in your life avoid these scams by knowing the warning signs of scam artists.

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The Ultimate Guide to a Year of Savings

ASB January 06, 2020 | 5 min read N/A

new year savings banner

With 2020 just beginning, there’s no better time to start working towards your financial goals. Our team here at ASB has put together a list of 12 helpful tips – one for each month of the year – to help you take control of your finances in 2020. Feel free to tackle these in order or by picking the tip that works best for you from month to month.

  1. Take Your Financial Checkup

    Feeling overwhelmed and unsure of where to start? Take our nine-question Financial Checkup! This short assessment will help you figure out what to focus on in the New Year.

  2. Make a Budget

    Start the year off right by creating a budget. A budget helps you plan for expenses while saving up for the future. Create a monthly budget for the year to help you keep track of your expenses and savings from month to month. As you prepare your budget, go over your spending from the past year to get a better understanding of where you spend money. Take a look at the largest categories and try to trim some of your spending in each category.

  3. Start Saving

    The sooner you start saving, the more your money can grow. There are a variety of different savings accounts you can choose to open – click here to learn more. If you have young children, consider putting put money into a college savings account so the money can grow over the years.

  4. Review Your Long Term Savings

    Does your employer offer a 401(k) with a matching program? Many employers in Hawaii do, yet many people don’t take full advantage of it. Go over your account and see if you’re currently maxing out your company match or if you can increase your contribution by 1% to contribute more in the New Year. If you want to do more to save for the long-term, consider a goal like retirement planning. Make a commitment to save a certain percentage each month towards a long-term financial goal.

  5. Automate Your Savings

    Personal finance guru Dave Ramsey suggests automating savings as one of his biggest money saving tips. Set up an automatic transfer each month from your checking account to your savings account. This way, you’re not tempted to use money that’s meant for savings.

  6. Save Electricity, Water…and Money!

    Install LED light bulbs, low-flow shower heads and faucet aerators to reduce your utility usage. During the hot summer months, consider taking advantage of the outdoors to cool off instead of running your AC – such as visiting your public library, community pool or beach. These money saving tips will help the environment, too!

  7. Take Charge of your Credit

    Check in on your credit card balances. Have you been paying all your balances on time? Consider setting up Bill Pay or automatic payments to avoid costly fees and interest charges. Keeping an eye on your credit score is important to build credit so you can borrow money wisely when you need it. Consider using a free credit score tool, such as www.freecreditscore.com.

  8. Trim Down Excess Spending

    Do you tend to make impulse buys? Consider keeping an item in your “Cart” for at least 24 hours before making the purchase – then you’ll know if you really do need to buy it. Or, save big ticket items in your cart until the next big seasonal sale such as a holiday weekend or Black Friday. Don’t underestimate the values of coupons, either. Check out the Sunday section of the newspaper, MidWeek or use online couponing apps to find savings on everything from household staples to online shopping.

  9. Go on a Staycation

    We’re lucky enough to live in one of the most popular vacation destinations in the world. Take advantage of our island home and plan a staycation. Visit your nearest beach, state park, or cultural center for an inexpensive vacation. Consider a neighbor island vacation instead of going to the mainland or out of the country.

  10. Save Every Time You Splurge

    Match your spending with savings the next time you splurge. For example, if you buy a $50 shirt, put $50 into your savings before you’re allowed to splurge again. When you splurge on a meal out, go to breakfast or lunch instead of dinner. Menus for breakfast and lunch tend to be less expensive than dinner.

  11. Ask for Discounts

    The best money saving tips are simple. Ask for a kamaaina discount when eating at a restaurant or shopping at stores in tourist areas such as Waikiki. Many retailers also offer senior or military discounts if you qualify for either category.

  12. Consider Refinancing

    Consider whether refinancing your home or student loans could save you a significant amount of interest. If you have good credit and can get a lower rate, refinancing could be a good idea.

 

Jumbo Loans1

What's a Jumbo Loan?

When you need to borrow more than $1,209,750 - a Jumbo Loan could help! This loan can be used for purchases or refinances in Hawaii.

Call us: (808) 627-6900 | Toll-free: (800) 272-2566

APPLY NOW

Today's Mortgage Rates >

Contact a Loan Officer >

 

 

 

ASB Number One Lender

American Savings Bank is Hawaii's #1 Local Mortgage Lender*

*2024 State of Hawaii Bureau of Conveyances data, recorded total value of residential, non-wholesale, purchase mortgages.

More About Jumbo Loans

Looking for something bigger for your dream home? At American Savings Bank we offer Jumbo Loans with competitive rates that are available for both fixed and adjustable rate (ARMs) mortgage programs.

A Jumbo Loan may be a good option for:

  • A fixed or adjustable mortgage in Hawaii
  • Loan amounts greater than $1,209,750 and up to $2.75 million
  • New home purchases or refinancing

Avoid Costly Mortgage Insurance

With Our "Piggyback" Offer2

 

Here's How It Works:

  • 90% financing (10% down payment) with a simultaneous first mortgage and home equity line of credit (HELOC)
  • Combined loan amount up to $2 million for first mortgage and HELOC
  • HELOC terms include a 10-year interest-only draw period followed by a fully amortized 20-year repayment period
  • HELOC features a 20-year fixed rate equity loan option (FRELO) up to $500,000

For more information on our Piggyback Offer, contact a mortgage loan officer today >

Jumbo Loan Alternatives

You may also use our Jumbo Loans simultaneously with our Second Mortgage or Home Equity Loan Programs to help with a low down payment requirement and eliminate the need for private mortgage insurance.

Click here to see our current mortgage promotions

WAYS TO GET STARTED

Apply 
Now

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See 
Today's Rates

Rates Icon

Contact A 
Loan Officer

Banker Icon

Use Mortgage 
Calculators

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PROGRAMS AND RESOURCES

Products

Home Purchase
First Time Home Buyer
Refinancing a Mortgage
Jumbo Loans
Land and Home Construction Loans
U.S. Department of Veteran's Affairs (VA) Loan
Compare All Mortgage Loans
Home Equity Line of Credit

Programs

Conforming Loan
Non-Conforming Loan
Combined First and Second Mortgage
State of Hawaii Mortgage Credit Certificate
First Time Home Buyer Programs

Learning and Resources

Buying Your First Home
Detailed Loan Process Guide
Mortgage Glossary
Mortgage Rates

Common Questions:

Fannie Mae® is a registered trademark of the Federal National Mortgage Association. Freddie Mac® is a registered trademark of the Federal Home Loan Mortgage Corporation.

  1. Loan programs and products are subject to loan qualification, credit policy and underwriting standards for the respective program or product. Certain terms, conditions and restrictions may apply. Programs/products subject to change or discontinuation without notice.
  2. The Combined First Mortgage and Piggyback HELOC Program is a residential loan program through American Savings Bank (ASB) with a maximum combined loan amount of $2,000,000 and a maximum combined loan-to-value (CLTV) of 90%. The residential first mortgage maximum loan amount is $1,750,000 (the maximum loan-to-value (LTV) is 80% for loan amounts up to $1,250,000 and 75% above $1,250,000 and up to $1,750,000). The ASB Home Equity Line of Credit (HELOC) 2nd mortgage maximum loan amount is $500,000.    

    There are two monthly payments for this financing program. For example, based on a purchase price of $2,200,000, the first mortgage amount would be $1,650,000 (75% LTV) and the HELOC is $330,000 (CLTV 90%); down payment is $220,000. The monthly principal and interest payment for the first mortgage is $10,839.33 as of 1/15/2025, the interest rate is 6.875% and 1.125 points/7.030% Annual Percentage Rate (APR). The actual monthly mortgage payment is higher when you factor in the monthly impound amount for property tax, hazard insurance and other applicable impounds. Assuming the HELOC is fixed with a 20-year FRELO, the APR as of 4/23/2025 is 9.25% and the monthly payment is $3,022.36 for an owner-occupant. Other FRELO terms and rates are available. FRELO may be added upon your request. See the FRELO Conversion Addendum for minimum and maximum amounts for conversion to a FRELO. 

    If the borrower does not choose the FRELO option, the HELOC is interest-only based on the monthly variable rate and the outstanding principal (no principal amount is reduced unless there are additional payments made by the borrower each month; no prepayment penalty during the draw period for 120 months). After 120 months, the line of credit draw period ends (i.e., no further draws are allowed on the line), and the repayment period begins for 240 months. The monthly payment in the repayment period is principal plus interest based on 1/240th of the outstanding principal on the first day of the repayment period plus accrued interest. If your line amount is more than $25,000, a fee of $500 will be assessed if you request we close it within three years from the agreement date. This fee will not be assessed if: (i) your line is $25,000 or less, (ii) you sell the collateral to an unrelated/unaffiliated third-party, or (iii) you pay off your loan with proceeds from a real estate secured loan from us. HELOC must be secured by fee simple property located in Hawaii. Fire, hurricane, flood (if in flood hazard zone) and localized peril (if in a lava hazard zone) insurance policies are required at homeowner’s expense. Payments do not include taxes or insurance premiums; your actual payment will be greater. Subject to borrower qualification and credit and underwriting policy. Program subject to change without notice.
 

U.S. Department of Veterans Affairs (VA) Home Loan1

VA Loan Program

The U.S. Department of Veterans Affairs (VA) Loan Program2 helps veterans, active-duty service members, Reservists, National Guard members, and certain surviving spouses realize their dreams of homeownership or refinance a home loan.

APPLY NOW

Today's Mortgage Rates >

Contact a Mortgage Loan Officer >

Attend a VA Home Loan Seminar >

 

 

ASB Number One Lender

American Savings Bank is Hawaii's #1 Local Mortgage Lender*

*2024 State of Hawaii Bureau of Conveyances data, recorded total value of residential, non-wholesale, purchase mortgages.

Take Part of the VA Loan Program

Are You Eligible For a VA Loan?

The Certificate of Eligibility (COE) verifies to the lender that you are eligible for a VA-backed loan. The evidence needed depends on the nature of your eligibility.  
 

See if you're eligible

What's Your VA Loan Allowance?

Your Basic Allowance for Housing (BAH) is a U.S. based allowance that provides Service members fair housing compensation. It's determined by geographic duty location, pay grade and dependency status.

See housing allowance

We’re here to help you put down roots in Hawaii

VA Home Loans Program Features and Benefits

  • 100% home financing
  • Highly competitive rates
  • No down payment for loans up to $1,500,000
  • Loans above $1,500,000 available
  • No monthly mortgage insurance
  • Purchase, cash-out refinance or interest rate reduction refinance loans (IRRRL) available
  • Experienced VA loan officers assist you every step of the way

WAYS TO GET STARTED

Apply 
Now

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See 
Today's Rates

Rates Icon

Contact A 
Loan Officer

Banker Icon

Attend a 
Seminar

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PROGRAMS AND RESOURCES

Products

Home Purchase  
First Time Home Buyer  
Refinancing a Mortgage  
Jumbo Loans  
Land and Home Construction Loans  
Home Equity Line of Credit

Programs

Conforming Loan  
Non-Conforming Loan  
Combined First and Second Mortgage  
State of Hawaii Mortgage Credit Certificate  
First Time Home Buyer Programs

Learning and Resources

Buying Your First Home  
Detailed Loan Process Guide  
Mortgage Glossary  
 

Common Questions:

 

  1. Loan programs and products are subject to loan qualification, credit policy and underwriting standards for the respective program or product. Certain terms, conditions and restrictions may apply. Programs/products subject to change or discontinuation without notice.
  2. For VA loans, there is a VA funding fee which will vary based on the type of loan and down payment amount, if any. This funding fee may be financed or paid by the borrower at loan closing; and, it is a percentage of the loan amount. Based on a purchase price of $400,000 with a funding fee of 2.30%, the loan amount is $409,200 which is 100% of the purchase price (no down payment on the home purchase) plus the funding fee.

Department of Veterans Affairs Certificate of Eligibility required. Other terms and restrictions may apply.

 

Refinancing Your Mortgage Loan

Consider Your Refinancing Options

As interest rates and life situations change, your mortgage loan for your Hawaii home may not be the best fit for you. Refinancing your mortgage allows you to take advantage of better loan terms or interest rates to pay off the remaining cost of your home.

Call us: (800) 293-2878

 

Please contact a loan officer for refinance rates.

 

APPLY NOW

 

 

Types of Mortgage Refinancing Options

There are many reasons to refinance. If your goal is to take advantage of lower rates to reduce your current interest rate, lower your monthly payments, shorten your term or save money, a Rate/Term Refinance can help you. If you are taking advantage of the equity in your home, a Cashout Refinance can provide you with the additional funds. Use the cashout for home improvement, investment, or other planned expenses.

Fixed Rates

Fixed rate mortgages have a set interest rate so that the monthly principal and interest payment stays the same for the life of the loan. We offer Fixed Rate Conforming Loans at both 15 and 30 year terms.

Adjustable Rate Mortgages (ARM)

An ARM will typically feature a fixed interest rate for an introductory period. We offer ARMs with introductory fixed rate periods of 7 and 10 years. After the introductory fixed period the rate and monthly principal and interest payments will generally change annually based on market conditions.

Streamlined VA Refinance Program

If you already have a Veterans Administration loan and interest rates have dropped enough, you can lower your rate and save more with a VA Interest Rate Reduction Refinance Loan ("IRRRL"). This streamlined VA refinance prorgram lets you refinance with reduced paperwork and cost.

Not sure which is right for you?
Click here to use our Fixed Rate vs. ARM Calculator

WAYS TO GET STARTED

Attend a
Mortgage Seminar


Learn More >

Mortgage
Calculators


Learn More >

Contact a
Loan Officer


Learn More >

Visit a Home
Loan Center


Learn More >

NEW TO THE ISLANDS?

Ultimate Newcomer's Guide to Hawaii

American Savings Bank is proud to sponsor Honolulu Magazine's Ultimate Newcomer's Guide to Hawaii, which features a video of ASB teammates sharing what they love about living in Hawaii. There's a lot to see, taste and do here. Let the Newcomer's Guide help point you toward everything you need to make your life in Hawaii the best it can be.

Learn More >

PROGRAMS AND RESOURCES

Products

Home Purchase
First Time Home Buyer
Refinancing a Mortgage
Jumbo Loans
Land and Home Construction Loans
U.S. Department of Veteran's Affairs (VA) Loan
U.S. Department of Agriculture (USDA)/Rural Development Loan
Compare All Mortgage Loans
Home Equity Line of Credit

Programs

Conforming Loan
Non-Conforming Loan
Combined First and Second Mortgage
State of Hawaii Mortgage Credit Certificate
First Time Home Buyer Programs

Learning and Resources

Buying Your First Home
Detailed Loan Process Guide
Mortgage Glossary
Mortgage Rates

Common Questions:

Loan programs and products are subject to loan qualification, credit policy and underwriting standards for the respective program or product. Certain terms, conditions and restrictions may apply. Programs/products subject to change or discontinuation without notice.

First Time Home Buyer Loan Programs in Hawaii1

In Hawaii, purchasing a home can be a big task. Let us help you choose the right loan to help you get your dream home in Hawaii with our first time home buying options.

APPLY NOW

This is HOMESM: The Best Mortgage for First-Time Homebuyers

Couple moving into home

LEARN MORE

A home loan for first-time homebuyers that includes a wider Area Median Income (AMI) range for buyers who earn between 80% - 140%.

This is HOMESM Features

  • Low down payment
  • Discounted interest rates
  • Reduced private mortgage insurance
  • Reduced closing costs with no added fees or pricing adjustments
  • Eligible borrowers' annual qualifying income can be up to $194,250 for a family of four

TYPES OF LOANS FOR FIRST TIME HOME BUYERS

Conforming Loan

If you have established credit history and the property meets standard guidelines, you could qualify for a Conforming Loan with competitive market rates. 30-Year and 15-Year fixed rate mortgages available. Learn More >

Non-Conforming Loan

Non-Conforming (or Portfolio) loans offer some flexibility, if the property or your borrowing situation does not meet conforming loan guidelines. Available for loan amounts up to $2 million for purchasing or refinancing a home. Learn More >

Fixed Rate Loan

Fixed Rate mortgages have a set interest rate so that the monthly principal and interest payment stays the same for the life of the loan. We have 15 and 30 year Fixed Rate loans that'll help to give you ease of mind when buying your home in Hawaii.

Adjustable Rate Mortgage (ARM) Loan

An Adjustable Rate Mortgage (ARM) Loan features a fixed interest rate for an introductory period of time (either 7 or 10 years). After the introductory period, the interest rate and payments may adjust higher or lower based on market interest rates.

Click here to see our current mortgage promotions

What Type of Home Loan Programs are There?

Fannie Mae 
HomeReady®


Provides Single-Family and Multifamily homeowners with stable, predictable mortgage payments over the life of the loan

Learn More >

Freddie Mac 
Home Possible®


Offering more options and flexibility to help low-to moderate-income borrowers purchase their dream home

Learn More >

Mortgage Credit 
Certificate (MCC)


Assistance to families of low or moderate income by reducing federal income tax 
 

Learn More >

Combined First & 
Second Mortgage


Purchase a home with a minimum 10% down payment and no private mortgage insurance 
 

Learn More >


Compare All Mortgages and Home Loans >

WAYS TO GET STARTED

Mortgage 
Calculators


Calculator Icon

Learn More >

Contact a 
Loan Officer


Banker Icon

Learn More >

Visit a Home 
Loan Center


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PROGRAMS AND RESOURCES

Products

Home Purchase 
First Time Home Buyer 
Refinancing a Mortgage 
Jumbo Loans 
Land and Home Construction Loans 
U.S. Department of Veteran's Affairs (VA) Loan 
Compare All Mortgage Loans 
Home Equity Line of Credit

Programs

Conforming Loan 
Non-Conforming Loan 
Combined First and Second Mortgage 
State of Hawaii Mortgage Credit Certificate 
First Time Home Buyer Programs

Learning and Resources

Buying Your First Home 
Detailed Loan Process Guide 
Mortgage Glossary 
Mortgage Rates

Common Questions:

  1. Loan programs and products are subject to loan qualification, credit policy and underwriting standards for the respective program or product. Certain terms, conditions and restrictions may apply. Programs/products subject to change or discontinuation without notice.

Fannie Mae® is a registered trademark of the Federal National Mortgage Association.  Freddie Mac® is a registered trademark of the Federal Home Loan Mortgage Corporation.

 

Home Buying in Hawaii

Understand The Loan Process

At American Savings Bank, we know that buying a home in Hawaii is a big undertaking. We offer a variety of home buyer loan programs for eligible borrowers. Together we can look at your monthly income, down payment savings, and home preferences to help you get the home loan you need to purchase your home.

Call us: (800) 293-2878

 

Today's Mortgage Rates >

 

APPLY NOW

 

 

Learn About Home Buying Steps

Step 1

Pre-Qualification

A letter of Pre-Qualification from a financial institution gets you ready to go shop for your dream home. Learn how much you can afford, and base your purchase on what you are pre-qualified to spend.

Step 2

Shop for a Home

Make an offer on your home working hand in hand with your Loan Officer from ASB and your Real Estate agent. Once the offer is accepted, we'll continue the loan process to get you on your way to owning a home.

Step 3

Close on the Home

Your ASB Loan Officer will guide you through the loan process from loan application to loan closing. Get your keys & start moving in!

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What Type of Loan is Right for You?

First Time
Home Buyer

Anyone who hasn't owned a home within the last 3 years

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Regular
Home Buyer

Looking to purchase a home?


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VA
Loan

For Veterans looking to purchase a home


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Jumbo
Loan

For loans over $822,375
 

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Other
Loans

Vacant Land and
Construction Loans

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What are my options to borrow
if I already own a home?

HELOC

REFINANCE

LET US HELP YOU SAVE ON CLOSING COSTS*

Home Buyer Promo


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First Time Home Buyer Promo


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Hale Ka Lae Home Buyer Promo


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Doctors/Dentists Home Buyer Promo


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WAYS TO GET STARTED

Attend a
Mortgage Seminar


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Mortgage
Calculators


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Contact a
Loan Officer


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See Home Loan
Centers


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NEW TO THE ISLANDS?

Ultimate Newcomer's Guide to Hawaii

American Savings Bank is proud to sponsor Honolulu Magazine's Ultimate Newcomer's Guide to Hawaii, which features a video of ASB teammates sharing what they love about living in Hawaii. There's a lot to see, taste and do here. Let the Newcomer's Guide help point you toward everything you need to make your life in Hawaii the best it can be.

Learn More >

PROGRAMS AND RESOURCES

Products

Home Purchase
First Time Home Buyer
Refinancing a Mortgage
Jumbo Loans
Land and Home Construction Loans
U.S. Department of Veteran's Affairs (VA) Loan
U.S. Department of Agriculture (USDA)/Rural Development Loan
Compare All Mortgage Loans
Home Equity Line of Credit

Programs

Conforming Loan
Non-Conforming Loan
Combined First and Second Mortgage
State of Hawaii Mortgage Credit Certificate
First Time Home Buyer Programs

Learning and Resources

Buying Your First Home
Detailed Loan Process Guide
Mortgage Glossary
Mortgage Rates

Common Questions:

Loan programs and products are subject to loan qualification, credit policy and underwriting standards for the respective program or product. Certain terms, conditions and restrictions may apply. Programs/products subject to change or discontinuation without notice.

*This offer cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise specified.

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