Department of Hawaiian Home Lands (DHHL) Loan Program

American Savings Bank (ASB) is committed to making a real impact in our community through providing Native Hawaiian families eligible for Hawaiian home lands more options to turn their dream of owning a home in Hawaii into a reality.

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

CONTACT A LOAN OFFICER

 

 

ASB's DHHL Loan Program

For purchasing and refinancing property on Hawaiian Home Trust Land

Section 184A Native Hawaiian Housing Loan Guarantee Program

  • Offers a low down payment (1.25% - 2.25%), no mortgage insurance (MI), and flexible underwriting
  • Loan guaranteed by U.S. Department of Housing and Urban Development
  • Up to 97.75% Loan to Value (LTV) on purchase
  • Cash out not available
  • 1% financeable loan guarantee fee in place of MI
  • More favorable of the two loan programs but a bit more stringent to qualify

Section 247 Loan Program

  • Offers a low down payment (3.5%) and a one-time upfront mortgage insurance premium
  • Loan guaranteed by the Federal Housing Administration
  • Up to 96.5% LTV on purchase
  • Up to 85% LTV cashout
  • One time upfront MI premium 2.344% - 3.8% based on term and if the MI is financed

Qualification Criteria

  • Must be at least 18 years of age
  • Must be a native Hawaiian, defined as “any descendant of not less than one-half part of the blood of the races inhabiting the Hawaiian Islands previous to 1778.” Essentially one must possess blood quantum of at least 50 percent Hawaiian.
    Source: Hawaiian Homes Commission Act of 1920

Department of Hawaiian Home Land Loan Officer Team

Lisa Carillo's headshot

Lisa Carillo

VICE PRESIDENT
EXECUTIVE RESIDENTIAL LOAN OFFICER

NMLS #685883
Direct: (808) 872-4991
Mobile: (808) 463-2296
lcarillo@asbhawaii.com

Alan Magno's headshot

Alan Magno

VICE PRESIDENT
EXECUTIVE RESIDENTIAL LOAN OFFICER

NMLS #477326
Direct: (808) 593-4821
Mobile: (808) 425-2974
amagno@asbhawaii.com

Kristen Pacpaco's Headshot

Kristen Pacpaco

VICE PRESIDENT
SENIOR RESIDENTIAL LOAN OFFICER

NMLS #477475
Mobile: (808) 291-8577
kpacpaco@asbhawaii.com

Paul Santos' Headshot

Paul Santos

VICE PRESIDENT
EXECUTIVE RESIDENTIAL LOAN OFFICER

NMLS #477347
Direct: (808) 539-7124
Mobile: (808) 927-9548
psantos@asbhawaii.com