Today's Mortgage Rates in Hawaii

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Updated: July 19, 2024

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Today's 30-year mortgage rate in Hawaii is 6.44%, lower than the national average rate of 6.90% for the same type of loan. In Hawaii, homebuyers can find helpful programs such as the Down Payment Assistance Loan Program and the Mortgage Booster, which may help lower mortgage costs.

We'll help you understand the nuances of today's 30-year mortgage rate in Hawaii, the loan options available and how rates change based on your credit score. Our guide covers the various mortgage types, rate structures, lending institutions and mortgage programs offered in Hawaii, all to support you in making informed financial choices when buying a home.

MoneyGeek uses publicly available data from Zillow for the rates on this page. Mortgage rates shift daily, and we take a snapshot of rates to analyze rate information for Hawaii. We update the data frequently to ensure you have access to the most recent rates, but the values may differ slightly between reporting sources.

Unless specifically noted otherwise, rates featured in the content are annual percentage rates (APRs).

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This data was last updated on July 2, 2024.

Current Mortgage Rates in Hawaii

In July 2024, the average APR for a 30-year fixed-rate mortgage in Hawaii is 6.44%, decreasing from the 6.55% APR from the previous month. Tracking these changes shows savings are on the horizon for you. If you secure a mortgage of $250,000 with a 20% down payment, this minute shift in the current mortgage rate amounts to a pocket-friendly outcome — reducing your total interest by $5,204, not including other potential expenses like property taxes or HOA fees.

Keep an eye on such changes; even minor adjustments can significantly impact your finances. The line chart below displays the trend of mortgage rates in Hawaii over recent months, demonstrating the effects of market dynamics on your financial planning.

Current Mortgage Rates in Hawaii (Jan to May)

Understanding the current mortgage rate in Hawaii can help you budget and prepare for a home loan, as rates can vary each day due to changes in economic conditions and central bank decisions.

Who Needs to Know Current Mortgage Rates in Hawaii?

Understanding today's mortgage interest rates in Hawaii, which reflect the shifts in the housing market, can benefit both first-time homebuyers and existing homeowners looking to refinance.

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    First-time homebuyers

    Learning about current mortgage rates can help first-time homebuyers in Hawaii understand the rates they might be offered and plan their purchase.

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    Homeowners with mortgages

    Homeowners can use knowledge of current rates in Hawaii to consider a mortgage refinance if it's lower than their rate.

Purchase rates and refinance rates for mortgages differ. For instance, the current mortgage rate for a 30-year fixed mortgage in Hawaii is 6.44%. However, it climbs to 6.68% if you're refinancing. This difference in rates between buying and refinancing a property can impact your financial planning, so keep it in mind when considering a new home loan or a refinance option.

Current Mortgage Rates in Hawaii by Loan Type

A 30-year fixed-rate mortgage in Hawaii generally has a higher interest rate than a 15-year fixed-rate mortgage. Lenders charge more for longer loans as they are exposed to more risk for an extended period, including potential changes in interest rates and the chance of loan default.

You will see different interest rates based on the mortgage loan types in Hawaii you consider. A mortgage calculator can be a helpful tool when calculating your monthly payments or comparing rates. This way, you can align your choice with your financial plans and prepare accordingly.

Data filtered by:Results filtered by:
Loan Type:
Loan Type:10-Year Fixed
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The interest rate on a mortgage, expressed as a percentage, reflects what you pay each year to borrow money. In Hawaii, the average mortgage interest rate for a 30-year fixed mortgage is 6.34%.

The APR, or annual percentage rate, includes the interest rate plus any additional costs such as mortgage points, fees and other charges associated with the loan. The average APR in Hawaii for a 30-year fixed mortgage is currently 6.44%, representing the comprehensive annual cost of your mortgage.

Current Mortgage Rates in Hawaii by Credit Score

In Hawaii, if you have a credit score of 740 or higher and make a down payment of 5% to 20%, you can expect an average APR of 7.48% for a 30-year fixed mortgage. If your credit score drops below 680, the average APR for the same loan is 7.34%.

Your credit score directly impacts the mortgage rates you could get in Hawaii. To see what rates might be available to you based on your credit score and down payment, check out the interactive table below:

Data filtered by:Results filtered by:
Credit Score Range:
Credit Score Range:680 - 740
Down Payment:
Down Payment:20% or higher
10-year FixedAPR5.88%
15-year FixedAPR6.22%
20-year FixedAPR6.93%
30-year FixedAPR7.07%
5-year ARMAPR7.80%
7-year ARMAPR7.63%

Mortgage Types in Hawaii

In July 2024, 30-year fixed-rate VA loans have the lowest average APR for 30-year fixed-rate mortgages in Hawaii, at 6.23%. Knowing your mortgage options helps you find better rates and terms suited to your financial situation. Check out the different types of mortgages available in Hawaii:

Mortgage Type
Impact on Rates
30-Year Rates in Hawaii

Conventional Loans

Conventional loans in Hawaii are not backed by any government entity.

Credit score and down payment size influence rates for conventional loans.


FHA Loans

FHA loans in Hawaii are insured by the Federal Housing Administration.

FHA loans offer lower rates for borrowers with lower credit scores.

currently unavailable

VA Loans

VA loans in Hawaii are guaranteed by the Department of Veterans Affairs for eligible service members.

Veterans may receive lower rates with VA loans due to government backing.


USDA Loans

USDA loans in Hawaii support rural development and are backed by the United States Department of Agriculture.

USDA loans typically offer low rates for qualifying rural homes and borrowers.

currently unavailable

Jumbo Loans

Jumbo loans in Hawaii exceed conforming loan limits set by Fannie Mae and Freddie Mac.

Higher balance jumbo loans may carry higher interest rates due to increased risk.


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Mortgage rates in Hawaii include two options: fixed and adjustable.

  • Fixed mortgage rates lock you into a rate so your monthly mortgage payments stay the same. This allows you to budget easily without surprises.
  • Adjustable mortgage rates often begin with a lower rate that can change over time, possibly reducing your payments when interest rates fall.

As of July 2024, the average APR for a 30-year fixed-rate loan is 6.44%. For a 7-year adjustable rate mortgage, it's 7.52%.

Mortgage Lenders in Hawaii

Bank of America, New American and Better stand out for those looking to secure a mortgage in Hawaii. We selected these lenders based on their state availability, Better Business Bureau accreditation and homeowner assistance programs. Other lenders in Hawaii might also fit your needs.

Selecting the right lender impacts your mortgage rate, as different lenders may offer varied mortgage rates and loan terms. By comparing mortgage options from various lenders in Hawaii, you can secure the best rate for your situation.

  • Bank of America

    • 6Number of Mortgage Options
    • YesOnline Application
    • ABBB Rating
    • Monday to Friday, 8 am to 10 pm ET Saturday 8 am to 6:30 pm ETCustomer Service Hours

    Bank of America is a go-to mortgage lender in Hawaii, servicing borrowers online and through its physical branches. It has diverse mortgage options, including fixed-rate, adjustable-rate and Federal Housing Administration (FHA) loans. Though the lender doesn't disclose the required minimum credit score, buyers interested in VA loans qualify for no downpayment. Alternatively, the Affordable Loan Solution mortgage is accessible with as little as a 3% down payment.

    Bank of America also offers assistance beyond loans, presenting homeowners with programs such as America’s Home Grant® and Down Payment Grant. You can reach customer service from Monday to Friday between 8 a.m. and 10 p.m. Eastern Time and Saturday from 8 a.m. to 6:30 p.m. Eastern Time. Touch base through various support channels, such as online, over the phone or in person, for more personalized service.


    • Variety of mortgage options
    • Client payment assistance
    • Online financial calculators


    • No prequalification without an online profile
    • Minimum credit requirement undisclosed
    • Limited product information without contact
    Bank of America

  • New American

    • 8Number of Mortgage Options
    • YesOnline Application
    • ABBB Rating
    • Monday to Friday, 8 am to 9 pm CT Saturday, 10 am to 2 pm CTCustomer Service Hours

    New American provides a variety of mortgage options, such as FHA loans and conventional loans, catering to different financial needs and situations. You'll need a minimum credit score of 580 for FHA loans, which could be ideal for starting your homeownership journey. The FHA option also allows for down payments as low as 3.5%, while conventional loans might require a minimum of 3%.

    New American ensures you get support when needed, with customer service available from 8 a.m. to 9 p.m. CT on weekdays and 10 a.m. to 2 p.m. CT on Saturdays. You can reach out via phone or email for assistance. If you're looking for homeownership support, it offers loan assistance solutions that align with your needs and enhance your mortgage experience in Hawaii.


    • Wide range of mortgage choices
    • Convenient mobile app for loans
    • 14-day purchase loan closing guarantee


    • FAQ not comprehensive
    • Cannot prequalify or check rates online
    • No branches in 11 states
    New American

  • Better

    • 4Number of Mortgage Options
    • YesOnline Application
    • B+BBB Rating
    • Monday to Friday, 8 am to 9 pm ET Saturday and Sunday, 9 am to 9 pm ETCustomer Service Hours

    Better is an online-only mortgage lender offering its services in Hawaii. Prospective borrowers will find a selection of mortgage options catering to different financial scenarios, including fixed-rate and adjustable-rate. For those eyeing a bigger property, it also provides jumbo loans. For the minimum credit score requirements, you need at least 700 for jumbo loans, 620 for conventional loans and 580 for FHA loans.

    The minimum down payment starts as low as 3% for conventional loans. However, for those with credit scores under 580, it bumps up to 10%. If you're applying for an FHA loan and your credit score is 580 or higher, the downpayment is 3.5%. You can contact Better’s customer service between 8 a.m. to 9 p.m. ET on weekdays and 9 a.m. to 9 p.m. ET on weekends via phone or email. For those looking into homeownership programs, Better also offers a Better Real Estate discount to help with the home-buying process.


    • Quick Commitment Letter issuance for qualified borrowers
    • Non-commission-based loan officers
    • Offers Sunday customer support


    • No physical branches
    • No VA or USDA mortgages
    • BBB rating is only B+

Mortgage Programs in Hawaii

Owning a home brings hidden costs in addition to monthly bills. In Hawaii, the Hawai'i HomeOwnership Center Affiliate provides assistance — look into its mortgage programs for help.


Down Payment Assistance Loan Program

The Down Payment Assistance Loan Program caters to first-time buyers with up to 120% AMI in Hawaii. With HHOC Mortgage, you can secure a home with a minimal 3% down payment. Program features include a lower mortgage interest of 4.5% or matching the first mortgage rate, no pre-payment penalties and no need for mortgage insurance. Plus, you can get up to $125,000 in assistance after completing the required homebuyer education.

Mortgage Booster

The Mortgage Booster aims to increase your borrowing power amid the higher interest rates. Qualified individuals can get a fixed rate of 3% with a 3% down payment and receive a loan of up to $50,000. The mortgage is spread over 30 years and assists you alongside other HHOC products, dependent on completing homeowner education and coaching sessions.

Deferred Closing Costs Assistance Loan

Hawaii's Deferred Closing Costs Assistance Loan provides up to $15,000 in closing cost aid for buyers with 120% AMI or lower. The 15-year loan requires no interest or monthly payments, only that HHOC Mortgage originates the first mortgage and the buyer takes homeowner education.

FAQ: Mortgage Rates in Hawaii

Understanding today's mortgage rates in Hawaii is critical for those eyeing a home. We've answered your pressing questions, ensuring you're well-informed about what to expect.

What are the current mortgage rates in Hawaii?
How do mortgage rates in Hawaii compare to national rates?
How does my credit score impact the mortgage rates I get in Hawaii?
Are there any special mortgage programs in Hawaii to help homebuyers?
How can I get the best possible mortgage rate in Hawaii?
What are today's mortgage refinance rates in Hawaii?
How do I calculate my mortgage payments?

About Zachary Romeo

Zachary Romeo headshot

Zachary Romeo is the Head of Loans and Banking at MoneyGeek, with over 10 years of experience and forthcoming certification as a Commercial Banking and Credit Analyst (CBCA). Previously, he led production teams for some of the largest online informational resources in higher education.

Romeo has a bachelor's degree in biological engineering from Cornell University. He geeks out on minimizing personal debt through people-first content.