Hawaii Mortgage Interest Rates and Loan Options
The State of Hawaii is a chain of islands in the Pacific Ocean, and has long been a favorite destination for vacationers and honeymooners seeking a quiet tropical paradise. Some 1.3 million permanent residents call Hawaii home.  

In times past, the natives relied on fishing and coffee and sugar production. Today, Hawaii's biggest industry is tourism, with hundreds of the world's finest beach resorts spread out over its many islands.

Hawaii boasts a diversity of cultures whose known history goes further back than most of the other states. Even so, it was admitted to statehood rather recently. The natural topography of Hawaii is equally diverse, from the lush garden landscapes of Kauai to the bustling metropolis that is Honolulu.  

Hawaii offers the second lowest property tax rates in the country in spite of property values that are generally higher than those of most other states.  Hawaii offers potential residents many housing options. Those looking for a new loan on a property at affordable HI mortgage rates will find many financing options there as well.

Happy Hawaiian Homeowner Program and Current HI Mortgage Rates
Tribal members and native Hawaiians can participate in the Happy Hawaiian Homeowner program, also known as the Section 184A Native Hawaiian Housing Loan Guarantee Program. It is a financing option available for families to construct, purchase and rehabilitate homes located on Hawaiian homelands. The loan is made through a lending partner and then guaranteed 100 percent by the Hawaiian government. This is a great loan option for borrowers who qualify, and lenders pass on the benefits of low-risk lending in the form of attractive terms with mortgage interest rates at or below market level.

Special Loan Options with Attractive Hawaii MortgageRates
Through the state's Housing Finance and Development Corporation, special programs are made available for homeowners and developers of affordable housing, offering them attractive current HI mortgage rates. 

Hula Mae is one program for families of low and moderate income. Using state tax-exempt revenue bonds, the Hula Mae Program provides mortgage loans to eligible buyers with below market interest rates.

Hawaii also participates in the Mortgage Credit Certificate program, which allows up to 20 percent of a homeowner's mortgage interest to be deducted as a direct tax credit.  This allows homeowners to have more available cash with which to qualify for a traditional or conventional mortgage loan. 

The Making Home Affordable program is offered to borrowers who pay their mortgages on time but, due to a decrease in the value of their home, may not be able to refinance at a lower mortgage rate.  Additionally, the program helps mortgage holders who have trouble making their current payments to obtain a loan modification to make payments easier to handle.