First-time homebuyers,
This is HOMESM
The best mortgage for Hawaii's first-time homebuyers.
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.
This is HOMESM: What is it?
While many programs assist those earning less than 80% AMI, This is HOMESM1 was created as an affordable financing solution to help a wider range of buyers who earn between 80% - 140% Area Median Income (AMI) buy a home in Hawaii.
This is HOME Features
Down payment as low as 3%3
Lower mortgage insurance requirement
Discounted interest rate that'll save you hundreds of dollars each month
Reduced closing costs with no added fees or pricing adjustments
Eligible borrowers' annual qualifying income can be up to $212,8002 for a family of four
Why Choose This is HOMESM
3% Is All You Need
As a borrower you only need to bring 1% to the table with an additional 2% coming from other sources like, family, grants, etc.
Lower Monthly Payments
Take advantage of a discounted interest rate that allows you to save hundreds of dollars on your monthly mortgage payments.
Expanded AMI Range
Designed to help hardworking kamaaina buy a home in Hawaii, so you can stay in Hawaii, eligible borrowers’ annual income can be up to $212,800 for a family of four. This is HOMESM makes dreams possible for more local families.2
Supporting You in Your Home Buying Journey
To help you qualify for the This is HOMESM program, ASB collaborated with Hawaii HomeOwnership Center and Hawaiian Community Assets to offer free financial education courses (up to a $60 value).
Hawaii HomeOwnership Center Courses >
Hawaiian Community Assets Courses >
To help you qualify for the This is HOMESM program, ASB collaborated with Hawaii HomeOwnership Center and Hawaiian Community Assets to offer free financial education courses (up to a $60 value).
Hawaii HomeOwnership Center Courses >
Hawaiian Community Assets Courses >
Today's Mortgage Rates (01/02/2026)
Below are today’s mortgage rates for our This is Home mortgage, Adjustable Rate Mortgage (ARM) and Fixed Mortgage
This is HOMESM 30 Year Fixed3
- Rate:
5.625% - Points:
2.500 - APR:
5.918% - Monthly Payment:4
$ 575.66
30 Year Fixed3
- Rate:
5.750% - Points:
2.125 - APR:
6.001% - Monthly Payment:4
$ 583.57
This is HOMESM 10 Year ARM3
- Rate:
4.875% - Points:
2.125 - APR:
5.698% - Monthly Payment:4
$ 529.21
Live where you love because Hawaii is home
Population data recently released by the U.S. Census for the first time shows that more Native Hawaiians live on the continent than in Hawaii5. Of those choosing to live away from Hawaii, much of Hawaii's youngest and brightest have also left, seeking affordability and stability.
This is HOME is an affordable financing solution for first-time homebuyers looking to own a home in Hawaii, so you can stay in Hawaii.
American Savings Bank is Hawaii's #1 local mortgage lender and is committed to doing its part to keep Hawaii home. Together, we can build a better Hawaii, one family at a time.
5Source: Office of Hawaiian Affairs: New census data confirms more Native Hawaiians reside on the continent than in Hawaii
This is HOME is an affordable financing solution for first-time homebuyers looking to own a home in Hawaii, so you can stay in Hawaii.
American Savings Bank is Hawaii's #1 local mortgage lender and is committed to doing its part to keep Hawaii home. Together, we can build a better Hawaii, one family at a time.
5Source: Office of Hawaiian Affairs: New census data confirms more Native Hawaiians reside on the continent than in Hawaii
Meet With Your Expert Mortgage Loan Officers
Michelle Luxton
Island: Oahu
NMLS #363495
Phone: (808) 228-8850
Let's Meet
Lisa Carillo
Island: Maui
NMLS #685883
Phone: (808) 872-4991
Let's Meet
Mark James
Island: Hawaii Island
NMLS #477462
Phone: (808) 593-4885
Let's Meet
- “This is HOMESM” is a residential mortgage purchase program for Hawaii properties only financed through American Savings Bank (ASB). The mortgage discount is applicable for owner-occupied, home purchase transactions (Hawaii properties only). Not applicable for brokered out loans or Veterans Affairs Loans. Offer applicable for loans locked and approved through 3/31/2026 and closed/funded by 6/30/2026. Offer requires automatic payments from a new or existing ASB personal checking account. The ASB checking account number with the intent to establish automatic monthly mortgage payments must be provided prior to final approval of the loan by ASB. The establishment of automatic payments must be signed at mortgage closing. If the borrower opts out of automatic payments, or the ASB checking account is not established at loan closing, this promotion will not apply and ASB will be required to re-disclose the non-promotional rate and charges which may result in delayed closing. See the Personal Deposit Account Terms and Conditions for other terms, conditions, and fees for Kalo Checking accounts. This offer cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise noted, and is limited to one promotion per loan. This offer is subject to change without notice. Eligible for owner-occupied, 1-4 unit family dwellings, condotels, and condos. Subject to credit and property approval. Certain terms and restrictions apply. For more information, please contact an ASB Residential Loan Officer. For the purpose of this promotion, an individual is to be considered a first time home buyer if he or she (1) is purchasing the security property; (2) will reside in the security property as a principal residence; and (3) had no ownership interest (sole or joint) in a residential property during the three-year period preceding the date of the purchase of the security property. In addition, an individual who is a displaced homemaker or single parent also will be considered a first-time home buyer if he or she had no ownership interest in a principal residence (other than a joint ownership interest with a spouse) during the preceding three year time period (Source: Fannie Mae). Subject to credit and property approval. Certain terms and restrictions apply. For more information, please contact an ASB Residential Loan Officer.
- Applicant income limited to 140% Area Median Income (up to $212,800 for 4-person household as of 5/19/2025) (source: Department of Business, Economic Development & Tourism: https://dbedt.hawaii.gov/hhfdc/files/2025/05/Honolulu-County-2025.pdf).