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FHA loans in Hawaii

Quick answer

FHA loans in Hawaii require 3.5% down with a 580+ credit score; on a $808,200 home that's about $28,287. County FHA limits start at $586,500 for one-unit homes in lower-cost areas.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

FHA loan snapshot for Hawaii

ItemEstimate
Minimum down payment3.5%
Minimum credit score580
Typical HI home value$808,200
3.5% down on typical home$28,287
20% down on typical home$161,640
Avg. effective property tax0.27%/yr (~$182/mo)
Income for typical home (31% rule)$237,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which Hawaii programs pair with FHA loans?

  • Hula Mae Single Family: Below-market-rate loans for eligible first-time buyers within income and price limits.
  • Mortgage Credit Certificate: When available, a federal tax credit for a portion of mortgage interest paid.

Details and current limits: Hawaii Housing Finance and Development Corporation (HHFDC).

Who is an FHA loan best for?

FHA is designed for buyers with modest savings or credit that's still being built. Because the government insures the lender against loss, lenders can approve borrowers they might otherwise decline.

  • Credit scores between 580 and 680.
  • Debt-to-income ratios up to about 50% with compensating factors.
  • Buyers using gift funds for the entire down payment.
  • Buyers who had a bankruptcy 2+ years ago or foreclosure 3+ years ago.

How much does FHA mortgage insurance cost?

The upfront premium (UFMIP) is 1.75% of the base loan amount and is usually rolled into the loan. The annual premium for most 30-year loans is 0.55% of the balance, paid monthly. With less than 10% down, annual MIP lasts for the life of the loan; with 10% or more, it ends after 11 years. Many owners later refinance into a conventional loan to drop MIP.

FHA loans in Hawaii cities

FHA in HonoluluFHA in East HonoluluFHA in HiloFHA in Pearl CityFHA in WaipahuFHA in KailuaFHA in KaneoheFHA in Mililani TownFHA in KahuluiFHA in Ewa GentryFHA in KapoleiFHA in KiheiFHA in Mililani MaukaFHA in KailuaFHA in MakakiloFHA in WahiawaFHA in Ocean PointeFHA in WailukuFHA in Ewa BeachFHA in WaimaluFHA in HalawaFHA in Royal KuniaFHA in Hawaiian Paradise ParkFHA in WaianaeFHA in NanakuliFHA in MailiFHA in KaiminaniFHA in LahainaFHA in Waihee-WaiehuFHA in WaipioFHA in Kaneohe BaseFHA in KapaaFHA in Waimea

Frequently asked questions

Yes. FHA loans are available statewide in Hawaii through approved lenders, subject to county loan limits where they apply.

Often yes. Hawaii Housing Finance and Development Corporation (HHFDC) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.