LOG IN PERSONAL BUSINESS PERKS COMMUNITY RATES LOG IN HOME LOANS Take the Next Step in Home Ownership PERSONAL > HOME LOANS Home Loans Whether you’re looking to buy your first or second home, build your dream home, or tap into your home’s equity, Hawaii Central has competitive loan options to fit your needs. Want to discuss your loan options? Fill our prequalification form and our loan officers will get in touch with you. PREQUALIFICATION FORM Owner-Occupant & Non Owner-Occupant HELOC Loans Our Home Equity Line of Credit allows you to borrow against your home’s accumulated equity. These funds can be used for home improvements, to help pay for college tuition, or that long needed vacation. This revolving line-of-credit is a quick, convenient, and economical way to borrow and make the most out of your home’s equity. Land Loans Found the perfect lot but aren’t ready to begin construction on your dream home yet? Our Land Loans can help you secure property even if you’re not quite ready to begin building just yet. Construction Loans Whether you already have a contractor lined up or plan to be your own contractor, our Construction Loans can fit your specific needs! Although a bonded contractor is recommended, it is not required for our Construction Loans. From Owner/Builder to Contractors, our Construction Loans can help you build the home of your dreams. 1st & 2nd Mortgages With low mortgage interest rates, now might be the perfect time to see if you can refinance at a lower rate or become a new homeowner. Our Mortgage Loans offer competitive rates and an experienced staff that will help you achieve your goals. First-Time Home Buyer Program When you are ready to take the first step toward home ownership, our experienced staff is here to help! Don’t miss our limited-time-only First-Time Home Buyer Program! Low down payment and no mortgage insurance required. Home Loan Checklist When applying for a home loan, the following documents will be required: Tax returns (last two years – personal and business) Proof of income (paystubs and W-2s) Proof of assets: statements from banks, investment companies, mutual funds, stocks, etc. Proof of insurance coverage Documentation for other source of income (e.g., social security, pension, annuities, lease agreements, etc.) Copies of most recent monthly mortgage statements for all real property owned (if applicable) Copy of most recent maintenance or association fee statement (if applicable) Renting history (if applicable) If self-employed with 25% or more ownership in a business, year-to-date profit & loss statement along with the last two years’ filed business tax returns with all schedules, attachments, and K-1 as applicable 2 yr OWNER-OCCUPANT (HELOC) 1.49% 2 Year Introductory Rate 4.25%APR* APR After Introductory Term RATES & DISCLOSURE 3 yr OWNER-OCCUPANT (HELOC) 2.49% 3 Year Introductory Rate 4.25%APR* APR After Introductory Term RATES & DISCLOSURE 2 yr VACANT LAND LOANS 7.500% Rate 8.702%APR* 24 Estimated Interest-Only Payments of $625.00 RATES & DISCLOSURE 1 yr CONSTRUCTION LOANS 7.000% Rate 9.780%APR* 12 Estimated Interest-Only Payments of $583.33 RATES & DISCLOSURE 2 yr CONSTRUCTION LOANS 7.250% Rate 8.692%APR* 24 Estimated Interest-Only Payments of $604.17 RATES & DISCLOSURE 15 yr FIXED 2ND MORTGAGES 5.500% Rate 5.827%APR* 180 Estimated Monthly Payments of $817.08 RATES & DISCLOSURE 30 yr FIXED 2ND MORTGAGES 5.500% Rate 5.567%APR* 360 Estimated Monthly Payments of $567.80 RATES & DISCLOSURE *APR=Annual Percentage Rate. MAIN BRANCH 681 South King Street Honolulu, Hawaii 96813 HARKNESS BRANCH 1301 Punchbowl Street Harkness Annex, Room 139 WEST OAHU BRANCH Temporarily Closed MEMBER SERVICES (808) 536-3677 CONSUMER LOANS (808) 536-0833 REAL ESTATE LOANS (808) 529-4599 NMLS#412820 HOURS & ATMS MEMBERSHIP CONSUMER RATES & FEES BUSINESS RATES & FEES CAREERS PRIVACY POLICY Your savings are federally insured to at least $250,000. National Credit Union Administration, a U.S. Government Agency. Deposits additionally insured up to $500,000 by Excess Share Insurance. © 2021 Hawaii Central Federal Credit Union. All Rights Reserved Creative Range by Live Chat