Special Offers to Help You Reach Your Dream of Homeownership

1. The Hale Kamaaina program is provided by the State of Hawaii and financed through American Savings Bank (ASB). For more information regarding the program: https://dbedt.hawaii.gov/hhfdc/hk-mortgage-program/. Certain restrictions apply. Hawaii properties only. Fire, hurricane, flood (if in flood hazard zone) and localized peril (if in a lava hazard zone) insurance are required at homeowner’s expense. Loan subject to credit and property approval and cannot be combined with other offers or promotions.
2. This is HOME^SM” 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).
3. Hometown Heroes Promotion: The mortgage discount is applicable for home purchase transactions financed by American Savings Bank (ASB). 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 Hawaii properties only, 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.
   
   Program eligible for borrowers currently employed (full-time or part-time) in one of the following professions: teacher or professor (public, private, or non-profit); fire department; federal, state, or local government law enforcement agency; medical care provider (public, private, or non-profit); nurses, emergency medical technicians (EMTs) and paramedics; active or former military personnel (dishonorable discharge is ineligible); and public utility workers (communications, electric, gas and water). At least one borrower must be in an eligible profession to qualify. ASB requires documentation to support current employment and/or a W-2.
4. First Time Home Buyer Promotion: The mortgage discount is applicable for owner-occupied, home purchase transactions (Hawaii properties only) financed by American Savings Bank (ASB). 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.
5. Purchase Promotion: The mortgage discount is applicable for home purchase transactions financed by American Savings Bank (ASB). 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 Hawaii properties only, 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). Certain terms and restrictions apply. For more information, please contact an ASB Residential Loan Officer.
6. 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.
7. Land and Construction: The loan discount is applicable for construction and vacant lot purchase loans financed by American Savings Bank (ASB). Not applicable for brokered out loans or Veterans Affairs Loans. Offer good only with a completed loan application submitted to ASB through 3/31/2026. 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 Hawaii properties only, owner-occupied, 1-4 unit family dwellings 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). For more information, please contact an ASB Residential Loan Officer.

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