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First-Time Home Buyer Guide for Oahu & Maui – Programs & Strategies in 2026

Ryan Arisumi • June 1, 2026

Buying your first home in Hawaii is more achievable than many think

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.


By Ryan Arisumi May 30, 2026
As we head into the summer season, Hawaii’s real estate market continues to show resilience with some interesting shifts. With mortgage rates hovering around 6.4–6.8% and low inventory keeping competition alive, now is a strategic time to understand the nuances on Oahu and Maui. Oahu Snapshot (April/May 2026) Single-family homes remain in strong seller’s market territory with ~2.9 months of inventory and median prices around $1.15M–$1.16M. Condos are leaning more buyer-friendly at ~6.5 months of supply, with median prices near $500K showing slight softening. Sales volume is mixed — some neighborhoods like Downtown Honolulu to Nuuanu saw big jumps, while others are steadier. Days on market are increasing slightly as buyers are more selective. Maui Snapshot Single-family median prices rebounded to ~$1.29M–$1.30M. Condo market remains more buyer-oriented with higher inventory and median prices around $650K–$700K. Sales activity has been up year-over-year in some segments, but buyers are taking their time post recent weather and regulatory impacts. Key Factors Influencing the Market Rising rates due to global events, low overall inventory, and lingering effects from earlier 2026 weather events. Actionable Advice Buyers : Stronger negotiating power in condo segments. Sellers : Price realistically and prepare for slightly longer market times. Investors : Opportunities in well-managed long-term rentals.
By Engage Team March 15, 2022
From the Big Island to Oʻahu One of the benefits of living in the island archipelago of Hawaiʻi is that the other Hawaiian islands are a short flight away. It was during a spontaneous visit to Oʻahu from the Big Island of Hawaiʻi – where we lived for 6 years – that my partner and I got the idea to switch islands. Although each of the Hawaiian islands has unique merits, we were ready to experience Oʻahu’s convenience, plentiful hiking trails and beaches, and diverse economic opportunities. After landing a job offer based in downtown Honolulu, our relocation planning began. Since we were still largely unfamiliar with Oʻahu, we tailored our apartment search to a few factors, including: proximity to work; walkability to groceries and other necessities; and amenities like air conditioning, a pool, and a gym. Of course, budget was a factor as well, and we set our price range accordingly. Choosing Kakaʻako While the apartment criteria narrowed our search to three Honolulu neighborhoods – Waikiki, Ala Moana, and Kakaʻako – we focused on Kakaʻako because of its newer buildings and walkability to shops and dining. While living in a downtown Airbnb, we cruised sites like HICentral , Zillow , and Craigslist to find leads, and looked at several apartments before securing a 1-bedroom in the recently completed Keauhou Place tower. In addition to our unit having an incredible view overlooking downtown and the harbor, it came with shared amenities like covered parking, a pool, gym, and barbecue grills. As well, we enjoyed access to its ground-level pedestrian mall, which offered a natural grocery store, spa, and spots for dining and takeout – not to mention a short jaunt to even more options at SALT and Ohana Hale Marketplace . Aside from walkability, the location served as a central jumping off point for weekend adventures around the island. Change of Scenery Two years, a pandemic, and one job transition later, we were ready for another change of scenery. Since I switched from working in-person to working remotely, we no longer needed to live close to downtown, and began exploring the idea of moving to Oʻahu’s east side, where we would be closer to some of our favorite hikes and beaches. While the search process was similar, the inventory in our budget range was different, and it took a bit longer to find a suitable home. As opposed to the ample selection of apartment and condo listings in Honolulu’s urban core, the east side neighborhoods of Kaneohe, Kailua, and Waimanalo offered mostly ADU’s (additional dwelling units) or single family homes converted into multiple rentals units – sometimes lacking the privacy or amenities we needed. It took about 3 months to find our ideal rental home in Kailua, a similar 1-bedroom condo within a comfortable walking distance to town and the beach. It took a lot of patience, because the inventory was more limited; but, luckily we had flexibility to keep searching until we found our match.  Urban v. Suburban: Which to Choose? Ultimately, I am glad we got the experience of living in both Honolulu and Kailua. Particularly, the Kakaʻako neighborhood, with its abundant street art, well-maintained parks, and diverse shops and dining options, is a great place to get a feel for Oʻahu’s urban core. On the other hand, Kailua has an intimate, beachy feel, which could be a better fit if you can work remotely – and avoid the driving commute into “town” (local shorthand for Honolulu). Either way, pre-determining your unique home, budget, timing, and lifestyle criteria can help to narrow your search and point you in the right direction. About the Author Ali Slous is the founder of Perspective Media , an Oʻahu-based creative agency whose mission is to empower entrepreneurs and small businesses to channel creativity in ways that generate both professional success and personal satisfaction. When she is not creating Perspective Media, Ali enjoys access to the incredible nature Hawaiʻi has to offer. Resources HICentral: https://www.hicentral.com/ Zillow: https://www.zillow.com/honolulu-hi/?utm_content=319854744|1301821912900950|kwd-81363927204438:loc-190|81363895177301|&utm_campaign=zbw_br_natgeo_usa_x_nat_cities_e_b_1&semQue=zillow%20honolulu&msclkid=330d4f9cfa6b19b9b07d2db5ba061625 Craigslist: https://honolulu.craigslist.org/search/hhh SALT: https://saltatkakaako.com/ Hale Ohana Marketplace: https://www.ohmhawaii.com/ Perspective Media: https://perspectivemediahawaii.com/