This is a real, active program available to Oahu buyers right now, backed by an FHA first mortgage. Here's the honest version, including the fine print.
30-Year Fixed FHA First Mortgage, DPA of up to 5% Included
Your first mortgage is a standard 30-year fixed FHA loan. Layered on top is the down payment assistance itself — up to $41,400 (5% of an $828,000 purchase price), covering some or all of your cash needed to close.
Fine print: 600 minimum credit score. Some restrictions may apply and this program is not available in Washington state. Terms are set by the lender and subject to change without notice.
0% interest · no monthly payment · forgiven after 3 years
Structured as a 30-year soft second mortgage at 0% interest with no payment required. Stay in the home as your primary residence for 3 years and the assistance is forgiven — you never pay it back.
Fine print: Must occupy the home as your primary residence for the full 3-year period. Selling, refinancing, or moving out early can trigger repayment of the remaining unforgiven balance.
10-year second mortgage · payment required
For buyers who want the assistance without the 3-year occupancy requirement, a 10-year repayable second mortgage is also available. This option carries a monthly payment but comes with no residency restriction.
Fine print: A lender can walk you through the rate and payment for this option based on your loan amount.
On a $700,000 Oahu home, 5% down is $35,000 — covered by this program with no monthly payment and no repayment after 3 years of occupancy.
Because there's no income limit, most local buyers qualify regardless of household earnings, up to the $828,000 purchase price cap ($41,400 in assistance).
Tell us a little about your situation and a trusted local PRMG lender will walk you through whether this program fits you. Free, no obligation.
Your information is never sold — it goes to Tony's team and PRMG only.
Aloha Tony
The Kawaguchi Group · eXp Realty
5600 Kalanianaole Hwy, Honolulu, HI
Tony Kawaguchi, Realtor · RB-21841 RS-66616
Tony Kawaguchi and eXp Realty are not mortgage lenders. This down payment assistance program is offered by Paramount Residential Mortgage Group, Inc. and the National Housing Fund, is subject to qualification, credit approval, occupancy requirements, and funding availability, and program terms may change without notice. Some restrictions may apply; not available in Washington state. This page is for informational purposes only and is not a commitment to lend or financial advice. Consult a licensed mortgage professional for guidance on your specific situation.
🏠 Equal Housing Opportunity. All real estate advertised is subject to the Federal Fair Housing Act.