Lima Ola
This is HOME SM1
Introducing a first-of-its-kind affordable financing solution for first time home buyers designed to help hardworking kamaaina buy a home in Hawaii, so you can stay in Hawaii.
- Low down payment
- Lower mortgage insurance requirement
- Discounted interest rate that’ll save you hundreds of dollars each month
- Reduced closing costs with no added fees or pricing adjustments
- Eligible borrowers’ annual qualifying income can be up to $212,8002 for a family of four
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.
The Lima Ola Team
Byron Yap
Vice President
Residential Loan Team Leader
NMLS #860092
Mobile: (808) 280-3491
byap@asbhawaii.com
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- “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).