Max HLPR (Home Loan Payment Relief) Loan

Max HLPR (Home Loan Payment Relief) Loan is a shared-appreciation loan for homebuyers in Hawaii, administered by HHOC Mortgage (a 501(c)(3) nonprofit affiliate of the Hawaii HomeOwnership Center). Max HLPR (Home Loan Payment Relief) is a deferred down payment loan from HHOC Mortgage with 0% interest and no monthly payments. Principal is deferred for 20 years (or earlier upon sale, if the borrower stops occupying the home, or upon taking equity out via refinance or HELOC). A shared appreciation equity agreement applies, so HHOC shares in the home's appreciation at repayment. The product is available statewide to first-time buyers who finance their first mortgage through HHOC Mortgage. 0% interest. No monthly payments. Principal deferred up to 20 years. Statewide availability. Combinable with other HHOC Mortgage products. Funding comes from HHOC Mortgage program funds (nonprofit; funds limited and reserved when available).

Max HLPR (Home Loan Payment Relief) Loan is a shared-appreciation loan and is repaid under the terms set by HHOC Mortgage (a 501(c)(3) nonprofit affiliate of the Hawaii HomeOwnership Center). Repayment is triggered by Principal deferred 20 years; due earlier upon sale, when the borrower no longer occupies the property, or upon taking cash out (refinance, HELOC). A shared appreciation equity agreement applies at repayment. 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.

Max HLPR (Home Loan Payment Relief) Loan is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: First-time homebuyer required (no property ownership in the last 3 years). A homebuyer education course is required, through Hawaii HomeOwnership Center - homebuyer education classes plus a coaching session. HHOC Mortgage must originate the first mortgage. Homebuyer education classes and a coaching session with the Hawaii HomeOwnership Center are required. Borrowers must be first-time homebuyers (no ownership in the last 3 years). Funds are limited and reserved once under contract. Exact maximum loan amount and income limits for Max HLPR were not published on the source page - confirm with HHOC Mortgage.

Max HLPR (Home Loan Payment Relief) Loan sets its income limit as follows: Income limit not published for the Max HLPR product specifically; HHOC Mortgage products generally serve low- to moderate-income first-time buyers (other HHOC products list 80%-130% AMI tiers). Confirm with HHOC Mortgage. 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.

Max HLPR (Home Loan Payment Relief) Loan can be used for Single Family, Condo, and Townhouse.

Max HLPR (Home Loan Payment Relief) Loan serves homebuyers purchasing anywhere in Hawaii.

Applications for Max HLPR (Home Loan Payment Relief) Loan go through HHOC Mortgage (a 501(c)(3) nonprofit affiliate of the Hawaii HomeOwnership Center), which publishes the current terms and the application steps on its own site. Funds are reserved through Funds reserved once the borrower enters a purchase contract; HHOC Mortgage must originate the first mortgage. 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.