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.
ASB is a trusted Department of Hawaiian Home Lands (DHHL) lender for purchasing and refinancing property on Hawaiian Home Lands
Puʻuhona Homestead Closing Cost Credit
ASB offers a HUD 184A and FHA 247 loan program for Hawaiian Homeland lessees in Puʻuhona Homestead with competitive rates and a closing cost credit up to $5,000.* Contact a mortgage loan officer below for more information.
Lisa Carillo
VICE PRESIDENT
EXECUTIVE RESIDENTIAL LOAN OFFICER
NMLS #685883
Direct: (808) 872-4991
Mobile: (808) 463-2296
lcarillo@asbhawaii.com
Byron Yap
FIRST VICE PRESIDENT
EXECUTIVE RESIDENTIAL LOAN OFFICER
NMLS #860092
Mobile: (808) 280-3491
byap@asbhawaii.com
HUD 184A Native Hawaiian Housing Loan Guarantee Program
- Low down payment (1.25% - 2.25%)
- No mortgage insurance
- Flexible underwriting
- Loan guaranteed by U.S. Department of Housing and Urban Development (HUD)
FHA 247 Loan Program
- Low down payment (3.5%)
- No annual mortgage insurance
- One-time upfront mortgage insurance premium
- Loan guaranteed by the Federal Housing Administration (FHA)
- Up to 85% Loan-to-Value cashout
Qualification Criteria
- Applicant must be at least 18 years of age with the ability to mortgage a leasehold interest in real property that is subject to the Hawaiian Homes Commission Act, 1920, as amended.
Hawaiian Home Lands Loan Program Officer Team
Our mortgage loan officers are here to provide you the guidance and expertise on your new home on Hawaiian Home Lands. Contact any of our experts below for more information.
Lisa Carillo
VICE PRESIDENT
EXECUTIVE RESIDENTIAL LOAN OFFICER
NMLS #685883
Direct: (808) 872-4991
Mobile: (808) 463-2296
lcarillo@asbhawaii.com
Alan Magno
VICE PRESIDENT
EXECUTIVE RESIDENTIAL LOAN OFFICER
NMLS #477326
Direct: (808) 593-4821
Mobile: (808) 425-2974
amagno@asbhawaii.com
Paul Santos
VICE PRESIDENT
EXECUTIVE RESIDENTIAL LOAN OFFICER
NMLS #477347
Direct: (808) 539-7124
Mobile: (808) 927-9548
psantos@asbhawaii.com
Common Questions:
The homestead program offers a range of residential awards that include, but are not limited to:
- Fully improved lots with new homes
- Fully improved vacant lots
- Vacant lots with minimal improvements
About The Department of Hawaiian Home Lands
- The Department of Hawaiian Home Lands was established by the Hawaiian Homes Commission Act, 1920, as amended, enacted by the U.S. Congress to protect and improve the lives of Native Hawaiians. The act created a Hawaiian Homes Commission to administer certain public lands, called Hawaiian Home Lands, for homesteads. "Native Hawaiian" means any descendant of not less than one-half of the blood of the races inhabiting the Hawaiian Islands previous to 1778.
- The primary responsibilities of the Department of Hawaiian Home Lands are to serve its beneficiaries and to manage its extensive land trust. The land trust consists of over 200,000 acres on the islands of Hawaii, Maui, Molokai, Lanai, Oahu and Kauai.
- DHHL provides direct benefits to native Hawaiians in many ways. Beneficiaries may receive 99-year homestead leases at $1 per year for residential, agricultural, or pastoral purposes. These leases may be extended for an aggregate term not to exceed 199 years. Beneficiaries may receive financial assistance through direct loans, insured loans, or loan guarantees for home purchase, construction, home replacement, or repair.
For a complete list of details on how to apply for a Hawaiian Homestead, please visit the Department of Hawaiian Home Lands website.
Please visit the Department of Hawaiian Home Lands website at dhhl.hawaii.gov.
Contact any of our mortgage loan officers to discuss the loan application and next steps.
*For loans that close on or before December 31, 2026, ASB will provide a closing cost credit of up to $5,000.00 (offer subject to change without notice).
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