Buying a home in Mililani, HI

Is there down payment assistance in Mililani?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

What mortgage options do Mililani buyers have?

• Conventional Loan — Not government-backed; as little as 3% down for first-time buyers, PMI removable at 20% equity.
• FHA Loan — Government-insured; 3.5% down with a 580 credit score and flexible debt-to-income rules.
• VA Loan — For eligible veterans, service members and surviving spouses: 0% down and no monthly mortgage insurance.
• USDA Loan — 0% down for moderate-income buyers in eligible rural and suburban areas.
• Jumbo Loan — For loan amounts above the conforming limit; usually 10–20% down and 700+ credit.
• First-Time Home Buyer Loans — Low-down-payment loans plus state assistance programs designed for first-time buyers.
• Self-Employed Mortgage — Options for business owners and 1099 earners, including tax-return and bank-statement loans.
• DSCR Purchase Loan — Investment-property loans qualified on the rental income of the property, not personal income.
• New Construction Home Loans — Financing for a newly built home from a builder, or for building your own with a construction-to-permanent loan.

How much will I pay in property taxes in Mililani?

Homeowners in Hawaii pay a median of $2,183 a year in property taxes — an effective rate of about 0.27% of the median home value, below the national average, which helps keep monthly payments down (Census ACS). Actual rates vary by county and municipality. Ask your agent for the specific property's tax history.