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Best Mortgage Rates in Hawaii — April 2026

Compare current Hawaii mortgage rates across loan types. The average home price in Hawaii is $835,000 with a property tax rate of 0.27%. Find the best rate for your Hawaii home purchase or refinance.

Avg Home Price
$835,000
Property Tax Rate
0.27%
Median Income
$94,814
Population
1.4M

Current Hawaii Mortgage Rates

Updated April 2026. Rates shown are averages — your rate depends on credit score, down payment, loan amount, and lender.

Loan TypeRateAPRMonthly P&I*
30-Year Fixed6.81%6.93%$4,361
20-Year Fixed6.58%6.68%$5,013
15-Year Fixed6.11%6.19%$5,678
10-Year Fixed5.91%5.98%$7,387
FHA 30-Year6.41%6.56%$4,184
VA 30-Year6.21%6.31%$4,097

*Monthly payment based on $668,000 loan (20% down on $835,000 avg home price). Does not include taxes or insurance.

Estimated Monthly Payment in Hawaii

Full PITI breakdown for a $835,000 home with 20% down at 6.81%:

Principal & Interest$4,361
Property Taxes$188
Homeowners Insurance$244
Total Monthly (PITI)$4,792

Hawaii First-Time Homebuyer Programs

HHFDC Hula Mae Program

The Hawaii Housing Finance & Development Corp offers programs to help first-time buyers in Hawaii achieve homeownership. Benefits typically include:

  • Below-market interest rates for qualifying borrowers
  • Down payment assistance (up to 3-5% of purchase price)
  • Closing cost assistance programs
  • Homebuyer education and counseling
  • Compatible with FHA, VA, USDA, and conventional loans

Income limits, purchase price limits, and credit score requirements apply. Contact the Hawaii Housing Finance & Development Corp directly for current program details.

Popular Cities for Homebuying in Hawaii

🏠Honolulu
🏠Pearl City
🏠Hilo
🏠Kailua

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Hawaii Mortgage FAQs

What are current mortgage rates in Hawaii?+
As of April 2026, average mortgage rates in Hawaii are approximately 6.81% for a 30-year fixed, 6.11% for a 15-year fixed, and 6.41% for an FHA 30-year loan. Rates vary based on your credit score, down payment, loan amount, and lender. Use our mortgage calculator to estimate your specific payment.
How much house can I afford in Hawaii?+
With the average home price of $835,000 in Hawaii and a median household income of $94,814, affordability depends on your debt-to-income ratio, down payment, and current rates. A general rule is your monthly payment (including taxes and insurance) should not exceed 28-33% of gross income. At current rates, a $835,000 home with 20% down would cost approximately $4,792/month.
What is the property tax rate in Hawaii?+
The effective property tax rate in Hawaii averages 0.27%. On the average home price of $835,000, that's approximately $2,255 per year or $188/month. Property taxes are a significant part of your monthly housing cost and vary by county.
Are there first-time homebuyer programs in Hawaii?+
Yes! Hawaii offers the HHFDC Hula Mae Program through the Hawaii Housing Finance & Development Corp. This program typically provides below-market interest rates, down payment assistance, and closing cost help for qualifying first-time buyers. Income limits and property value caps apply. Contact the Hawaii Housing Finance & Development Corp for current program details and eligibility.
Should I get a 15-year or 30-year mortgage in Hawaii?+
A 15-year mortgage in Hawaii currently offers rates around 6.11% vs 6.81% for 30-year, saving you significantly on interest. On a $668,000 loan, the 30-year payment is $4,361/month while a 15-year is $5,678/month. Choose 15-year if you can afford the higher payment; choose 30-year for more cash flow flexibility.
What credit score do I need to buy a home in Hawaii?+
In Hawaii, conventional loans typically require a 620+ credit score, FHA loans require 580+ (or 500+ with 10% down), and VA loans have no official minimum but lenders usually want 620+. Higher credit scores get better rates — a score of 760+ qualifies for the best rates in Hawaii, potentially saving thousands over the life of the loan. The Hawaii Housing Finance & Development Corp programs may have specific credit requirements.

Hawaii Mortgage Tools

🏠Mortgage Calculator🔄Refinance Calculator🏡HELOC Calculator📖Mortgage Guide
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