Buying your first home in Hawaii is more achievable than many think, especially with targeted state and county programs available in 2026. Whether you’re on Oahu or Maui, understanding your options can make the dream a reality. Themortgagereports

Current Challenges & Opportunities

High prices and rates around 6.5%+ make assistance programs crucial. However, inventory in certain price ranges and buyer education can help you move forward confidently.

Key Programs to Know

• Hale Kamaʻāina Mortgage Program (Statewide via HHFDC): Competitive fixed-rate financing with optional down payment assistance for first-time buyers.
• Maui First-Time Homebuyer Opportunity Program: Up to significant assistance for down payments, closing costs, or rate buydowns — priority for certain impacted residents.
• HHOC Programs: Down payment assistance loans, education workshops, and more for Oahu and statewide buyers.
• Honolulu & County DAPs: Local down payment loans/grants (e.g., up to $30K–$40K in some areas). Hookumuhou.mauicounty, Dbedt.hawaii, Newamericanfunding

Step-by-Step Guide

1. Complete homebuyer education (many programs require it).
2. Get pre-approved.
3. Research target areas (certain census tracts have higher limits).
4. Work with an experienced local agent.

Oahu vs Maui Considerations

Oahu offers more urban/condo options for entry-level buyers. Maui has unique opportunities in recovery-focused programs.

Pro Tips

Start saving for closing costs now and monitor rates. Summer can be a good time to act before potential seasonal shifts.

Schedule a free consultation with our first-time buyer specialists at Royal Realty. Let us help you navigate programs and find the right property.