This is HOME

Hawaii’s first time home buyer program that lets you live where you love.

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Introducing a first-of-its-kind affordable financing solution for first time home buyers designed to help hardworking kamaaina buy a home in Hawaii, so you can stay in Hawaii.

This is HOME: What is it?

While many programs assist those earning less than 80% AMI, This is HOME1 was created to help a wider range of buyers who earn between 80% - 140% Area Median Income (AMI) achieve their dream of homeownership in Hawaii.

This is HOME Features

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Down payment as low as 3%

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Discounted interest rate that'll save you hundreds of dollars each month

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Lower mortgage insurance requirement

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Reduced closing costs with no added fees or pricing adjustments

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Eligible borrowers' annual qualifying income can be up to $194,250 for a family of four

2024 AMI Limits in Hawaii
Why Choose This is HOME
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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.
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Lower Monthly Payments
Take advantage of a discounted interest rate that allows you to save hundreds of dollars on your monthly mortgage payments.
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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 $169,950 for a family of four. This is HOME makes dreams possible for more local families.2
Supporting You in Your Home Buying Journey 

To help you qualify for the This is HOME 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 (06/24/2024)
Below are today’s mortgage rates for our This is Home mortgage, Adjustable Rate Mortgage (ARM) and Fixed Mortgage
This is Home 30 Year Fixed3
  • Rate: 6.000%
  • Points: 1.375
  • APR: 6.192%
  • Monthly Payment:4 $ 599.55
30 Year Fixed3
  • Rate: 6.375%
  • Points: 1.875
  • APR: 6.614%
  • Monthly Payment:4 $ 623.87
10 Year ARM3
  • Rate: 6.250%
  • Points: 2.125
  • APR: 7.133%
  • Monthly Payment:4 $ 615.72
Family moving into home
Live where you love because Hawaii is home
Twenty twenty-one marked the first time in history when more Hawaii-born individuals lived outside of Hawaii.5 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 home buyers looking to own a home in Hawaii, so you can stay in Hawaii.

American Savings Bank is committed to doing its part to keep Hawaii home. Together, we can build a better Hawaii, one family at a time.

5Source: Brain Drain: Characteristics of Hawaii-Born Adults on the U.S. Mainland
Meet With Your Expert Mortgage Loan Officers
Manny August's Photo

Manny August

Island: Oahu
NMLS #662118
Phone: (808) 927-4512
Let's Meet

Lisa Carillo's photo

Lisa Carillo

Island: Maui
NMLS #685883
Phone: (808) 872-4991
Let's Meet

Andje Domingo's Headshot

Andje Domingo

Island: Hawaii Island
NMLS #1687000
Phone: (808) 933-7536
Let's Meet

  1. The “This is HOME” program is applicable for home purchase transactions financed through American Savings Bank (ASB) residential mortgage programs. Program is not applicable for brokered out or Veterans Affairs loans. Offer good only with a completed loan application submitted to ASB and for a loan closed and funded by ASB by 12/31/2024. Offer is subject to automatic monthly mortgage 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 program will not apply. See the Personal Deposit Account Terms and Conditions for other terms, conditions and fees for Kalo Checking accounts. This program cannot be combined with any other promotional discounts, long-term rate lock specials, or new project financing rates unless otherwise specified. This offer is subject to change or discontinuation without notice. Offer good for one unit or one unit and Additional Dwelling Unit single-family dwellings and condominiums. The financed residential property must be owner-occupied. For the purpose of this promotion, an individual is 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-years 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 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-years (source: Fannie Mae).

    Applicant income limited to 140% Area Median Income (up to $194,250 for 4-person household as of 6/18/2024) (source: Department of Business, Economic Development & Tourism:

    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.
  2. We use the HCDA AMI guidelines found here: