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.

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.

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.

Hawaii County Deferred Payment Loan is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through HUD-certified housing counseling (HCL/Hawaiian Community Assets). Residency requirement: 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.

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.

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

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

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