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Max HLPR (Home Loan Payment Relief) Loan

HHOC Mortgage (a 501(c)(3) nonprofit affiliate of the Hawaii HomeOwnership Center) · Hawaii

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Repayment

Shared appreciation

Settled on the terms set by HHOC Mortgage (a 501(c)(3) nonprofit affiliate of the Hawaii HomeOwnership Center)

What is 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).

Do you have to pay it back?

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.

Who qualifies?

Max HLPR (Home Loan Payment Relief) Loan is open to first-time homebuyers and buyers who will live in the home as their primary residence.

The program requires

  • First-time homebuyer — with exceptions: First-time homebuyer required (no property ownership in the last 3 years).
  • The home is occupied as a primary residence
  • A completed homebuyer education course, 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.

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?

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.

What kind of home can it be used for?

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

Where does it apply?

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

How do you apply?

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.

  1. Take a homebuyer education course

    Required by the program, through Hawaii HomeOwnership Center - homebuyer education classes plus a coaching session..

  2. Contact HHOC Mortgage (a 501(c)(3) nonprofit affiliate of the Hawaii HomeOwnership Center) to reserve funds

    Funds are reserved through Funds reserved once the borrower enters a purchase contract; HHOC Mortgage must originate the first mortgage., 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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