Skip to content
Purchase Mortgage Loan
Get Pre-Approved

First-time home buyer programs in Waianae, HI

Quick answer

First-time buyers in Waianae, HI can use 3%-down conventional loans (up to the $1,249,125 Honolulu County conforming limit), 3.5%-down FHA, or VA and USDA where eligible, plus 1 verified city, county or statewide assistance program. On the $487,200 median home, 3% down is about $14,616 and the estimated payment is $3,637/month at 7.18%.

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

Median household income: $84,766; value-to-income ratio 5.75. Waianae ranks 29 by home value and 25 by population among 35 places in our HI dataset.

What does a first-time buyer loan cost on a typical Waianae home?

ItemWaianae
Median home value (Census ACS)$487,200
Hawaii median home value$808,200
Down payment (3%)$14,616
Loan amount$472,584
Estimated monthly payment (PITI + MI)$3,637
Income needed (28% / 36%)$156,000 / $122,000
Honolulu County 2026 conforming limit (1 unit)$1,249,125
Max purchase price at the limit$1,287,000

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

Payment includes Hawaii's 0.27% effective property tax rate (Census ACS), $1,549/yr homeowners insurance (NAIC state average) and an estimated 0.5% PMI.

What is the 2026 conforming loan limit in Waianae?

Waianae is in Honolulu County. Conventional 3%-down loans go up to the $1,249,125 conforming limit (price ≈ $1,287,000); FHA loans go up to $828,000.

The Waianae median home value of $487,200 is 40% below the Hawaii median, and within what the county limit supports.

Which down payment assistance programs can Waianae buyers use?

First-time buyer loans in nearby cities

MailiNanakuliMakakiloRoyal KuniaKapoleiMililani Town

First-time buyer loan FAQs for Waianae

On the $487,200 median: 3% conventional ≈ $14,616, 3.5% FHA ≈ $17,052, and 0% for eligible VA or USDA buyers. Conventional loans above $1,249,125 in Honolulu County become jumbo loans.

At the $487,200 median value (below the Hawaii median of $808,200), the estimated payment of $3,637/month at 7.18% needs about $156,000 a year under the 28% housing guideline, or $122,000 if your total debts stay under 36%.

0 city-level, 1 county-level and 0 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

Get matched with First-time buyer lenders in Waianae

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

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.