American Savings Bank is Hawaii's #1 Local Mortgage Lender*
*2024 State of Hawaii Bureau of Conveyances data, recorded total value of residential, non-wholesale, purchase mortgages.
More About Land & Home Construction Loans
Purchase a vacant lot in Hawaii to build your dream home tomorrow.
- Fixed interest rate during the term
- No prepayment penalty
- Available for land purchase with land loan to be paid off and construction to commence within three years
- Credit of up to one point paid on the land loan upon the Construction refinance
New home as well as property additions and renovations in Hawaii
- Build Your DreamSM Construction-Permanent Loan combines construction financing and a permanent loan into one.
- New home as well as property additions and renovations in Hawaii
- New purchase and refinance
- Interest-only payments during construction period
- Up to 18 months for the construction phase
- Fixed rate term after construction
- One-time option to take advantage of lower rates for the permanent loan if fixed interest rates are lower when construction is completed
- Find out more about What You Need to Know... with Construction Loans
For a limited time, receive one-half (0.50) point off
your loan origination points!2
On Construction & Vacant Land Purchase Loan applications received prior to 9/30/2025.
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.
WAYS TO GET STARTED
Common Questions:
Getting pre-qualified before applying for a mortgage is helpful. Knowing how much of a home you can afford will also help in the house hunting process.
There are a few items you must consider before applying for a mortgage loan. We recommend that you have a good understanding of how much you want to borrow, what your credit score is, and that your financial information is readily available.
We typically ask for two years of W-2s and tax returns as well as other documents to verify the information that you provide to us. Every applicant is different, so please contact a loan officer to discuss your situation.
- 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 discontinue without notice.
- The loan discount offer (offer) is applicable for construction and vacant lot purchase 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 9/30/2025. This 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 discontinue 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.