Housing Loans, Official Web Site for The City and County of Honolulu

Rehabilitation Loan Branch

The Rehabilitation Loan Branch administers the City's Home Repair Loan program, the Down Payment Loan program, the Sewer Connection Loan program, and the Solar Roof Loan program. The branch supports federal and state agencies at Disaster Assistance Centers and provides emergency disaster relief loans to rehabilitate properties affected by declared disasters.

Downtown Office                            Kapolei Office
51 Merchant Street,1st Floor        1000 Uluohia Street, Suite 118
Honolulu HI 96813                       Kapolei HI 96707
(808) 768-7076                          (808) 768-3240

Click here for staff directory

Home Repair Loans
This program provides low-interest loans to income-qualified owner-occupant homeowners, enabling them to repair their homes to meet basic housing quality standards.

Click here for Rehabilitation Loan application

Click here for Rehabilitation Loan Income Limits

Click here for Rehabilitation Loan Program Rules and Regulations

Before

After

Bathroom before

Bathroom after

Kitchen01 before

Kitchen01 after

Kitchen before

Kitchen after

Carport before

Carport after

Disaster Assistance Loans
Provides residential repair loans to homeowners adversely affected by a declared disaster. Funds are used only to correct unsafe or unhealthy conditions caused by a disaster, and used only after FEMA, state, or insurance coverage is applied.

Down Payment Loans
The City and County of Honolulu's Down Payment Loan Program is part of the City's efforts to promote homeownership and create a strong community. Utilizing HOME Investment Partnership Act funds from the U.S. Department of Housing and Urban Development, this program provides a zero interest loan to qualified low- and moderate-income families to meet down payment requirements for home purchase.

Frequently Asked Questions (FAQs)

WHO MAY APPLY FOR THE CITY'S DOWN PAYMENT LOAN?
Prospective homebuyers who have not owned a residential property within the last three years and whose annual household incomes are under the maximum income shown below:

Number in Household

2012 Annual Income*

1

$57,700

2

65,950

3

74,200

4

82,400

5

89,000

6

95,600

7

102,200

8

108,800

9

115,400

10

122,000

*These income limits are subject to periodic revision.

WHAT IS THE MAXIMUM LOAN AMOUNT THE HOMEBUYER MAY BORROW?
The loan limit is $40,000. Loans will be made on a first-come first-served basis subject to the availability of funds.

WHAT IS THE INTEREST RATE AND LOAN FEE?
The interest rate is 0% for all income-eligible borrowers. There is no loan fee.

WHAT KIND OF PROPERTIES MAY BE PURCHASED?
The property must be located on Oahu. The property must be a legally permitted structure meeting all local building codes. In addition, the property must pass a Housing Quality Standards inspection and meet other Federal requirements such as those governing Lead-Based Paint for homes built before 1978 and environmental reviews.

WHAT WILL BE THE MONTHLY PAYMENT?
The monthly payment will be based on a 20-year amortization term. Lower minimum loan payment amounts may be allowed for certain credit qualified borrowers.

IS THERE A HOMEBUYER EDUCATION REQUIREMENT?
Yes, all loan applicants must complete a City-approved homeowner education course prior to loan application.

ARE THERE LOAN RESTRICTIONS?
The borrower must be an owner-occupant at all times. Upon sale or other transfer of the property, unless the new owner is income-eligible, the borrower must pay the City a specified percentage of the loan balance, which percentage will be reduced for each full year of occupancy.

HOW DO I APPLY?
Step 1 � When applying for a loan from your first mortgage lender, be sure to inform the lender that you are interested in a down payment loan from the City.

Step 2 � After initial loan approval from your first mortgage lender, your lender will submit a loan file to the City for approval. You must complete homebuyer education prior to your loan file submission to the City.

Sewer Connection Loans
Provides income-qualified homeowners with low interest loans to pay for the cost of sewer connection.

Solar Roof Water Heating Loans
Provides financing to install solar water heating systems to homes of income-qualified homeowners.
Click here for Solar Roof Water Heating Loan application

Solar panel

Solar tank

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