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Hawaii County Deferred Payment Loan

Hawaii Community Lending (HCL) · Hawaii County, Hawaii

Last verified
See what you qualify forOfficial program site →
Assistance

$200,000

The maximum the program publishes — not an offer

Repayment

Deferred

No payments until the home is sold or refinanced

What is Hawaii County Deferred Payment Loan?

Hawaii County Deferred Payment Loan is a deferred second loan for homebuyers in Hawaii County, Hawaii, administered by Hawaii Community Lending (HCL).

  • The Hawaii County Deferred Payment Loan is a 0%-interest second mortgage administered by Hawaii Community Lending that buys down the principal of a homebuyer's primary mortgage on property off Hawaiian Home Lands in the County of Hawaii. The maximum loan amount is $200,000, with no required periodic payments. The loan becomes due upon sale, refinance, repayment, or another maturity event.
  • Up to $200,000 in deferred assistance.
  • 0% interest.
  • No monthly payments.
  • Buys down primary mortgage principal.
  • Repaid only at sale/refinance/maturity.
  • Funding comes from County of Hawaii funds, administered by Hawaii Community Lending.

How much assistance does it provide?

Hawaii County Deferred Payment Loan offers up to $200,000 in assistance.

  • Amounts are the program's published maximums, not an offer — Hawaii Community Lending (HCL) determines any individual award.

Do you have to pay it back?

Hawaii County Deferred Payment Loan is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off.

  • Repayment is triggered by Due upon sale, refinance, repayment, or other maturity event of the home.
  • The assistance is recorded in Second position.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Hawaii County Deferred Payment Loan is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • A completed homebuyer education course, through HUD-certified housing counseling (HCL/Hawaiian Community Assets).
  • Residency: County of Hawaii residents.
  • Property must be off Hawaiian Home Lands in the County of Hawaii. HUD counseling is part of HCL's process. Exact income (AMI) cap, first-time-buyer requirement, and full term sheet were not published on the loans page; confirm specifics with HCL. Apply via HCL interest form.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Hawaii County Deferred Payment Loan sets its income limit as follows: Income limit not published on the loans page for the Hawaii County product (the comparable Maui County product caps at 120% AMI); confirm exact AMI limit with HCL.

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Hawaii County Deferred Payment Loan can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Hawaii County Deferred Payment Loan serves buyers purchasing in Hawaii County, Hawaii.

How do you apply?

Applications for Hawaii County Deferred Payment Loan go through Hawaii Community Lending (HCL), which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through HUD-certified housing counseling (HCL/Hawaiian Community Assets)..

  2. Contact Hawaii Community Lending (HCL) to reserve funds

    Funds are reserved with the provider and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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