Jumbo Loans¹

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. Subject to loan approval. Certain terms, conditions and restrictions may apply. Offer subject to change or discontinuance without notice.
2. The Combined First Mortgage and Piggyback HELOC Program is an owner-occupied residential loan program through 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 with a loan-to-value (LTV) ratio of 75% and $1,250,000 with an LTV of 80%. 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 based on an interest rate of 6.875% with 1.125% points and 7.030% Annual Percentage Rate (APR) as of 1/15/2025. Monthly payment example does not include real estate taxes, insurance, association dues, or other impounds, if applicable. Assuming the HELOC is fixed with a 20-year Fixed Rate Equity Loan Option (FRELO), the APR as of 4/23/2025 is 9.25% and the monthly payment is $3,022.36 . Other FRELO terms and rates are available. 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 outstanding principal (no principal amount is reduced unless there are additional payments made; 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 240 month repayment period begins.  The monthly payment during 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 the line is closed 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. Offer subject to credit and property approval. Program subject to change without notice.