Vacant Land and Home Construction Loans1

Ready to build your dream home?

In this competitive market, inventory is limited and building a home from the ground up could be your best option. Our experienced and knowledgeable home loans officers will provide a blueprint for success and guide you through the construction loan process with confidence, no hard hat needed.

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


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More About Land & Home Construction Loans


For a limited time, receive one-half (0.50) point off


your loan origination points!3

On construction & vacant land loan applications received prior to 6/30/23.


One-half point equates to $2,000 off a $400,000 loan.

Apply now > to start saving or contact a home loan officer > to learn more.



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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. The Vacant Lot Loan from American Savings Bank is a 3-year fixed rate loan with fixed monthly interest-only payments and a final balloon payment. Points and fees vary and are subject to change. Credit of up to one (1) point paid to American Savings Bank on Vacant Lot Loan upon refinancing with a construction/permanent loan with American Savings Bank subject to the following conditions: Application for construction/permanent loan must be made within loan term; credit is applied to a mortgage loan for the purpose of constructing a home on the lot; and credit is not transferable to another party or property. The maximum loan-to-value (LTV) for loan amounts up to $822,375 is 75% (25% down payment), and the maximum LTV for loan amounts up to $1,000,000 is 65% (35% down payment). For more details contact an American Savings Bank residential loan officer. Payment example: Based on a purchase price of $773,200, the loan amount would be $750,000 with a 3% down payment of $23,200 for a 30-year fixed rate mortgage at 7.25% / 7.39% Annual Percentage Rate (APR) and 0.750 points, the monthly principal and interest payment including the monthly Private Mortgage Insurance (PMI) of $438.00 would be $5.554.35 for 360 months. Interest rate used in the example is effective 10/25/2022 and assumes borrower with a minimum credit score of 740.
  3. The loan discount offer (Offer) is applicable for construction and vacant lot loans financed through American Savings Bank (ASB) residential mortgage programs. Promotion is not applicable for brokered out loans or Veterans Affairs Loans. Offer good only with a completed loan application submitted to ASB through 6/30/2023. Offer cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise specified, and is limited to one promotion per loan. This offer is subject to change or discontinuation without notice. Applicant(s) is/are subject to loan qualification, underwriting guidelines, and credit policy of ASB. Offer valid for Hawaii properties only. Certain terms and restrictions apply. For more information, please contact an ASB Residential Loan Officer.

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.