Mortgage rates in Hawaii
30-yr fixed 7.18% · Freddie Mac PMMS, week of Nov 5, 2026 · APR benchmark 7.19% (APOR for locks from Nov 9, 2026) · Last reviewed Oct 18, 2026 by the Editorial Team
Hawaii has the lowest effective property-tax rate but the highest home prices in the nation.
Mortgage rates today by loan type
These are national averages. Lenders in Hawaii price off the same national market, so treat them as a benchmark: your quote depends on your credit, down payment, loan size and points. The APR benchmark folds in typical points and fees, so it shows what a prime borrower's APR looks like this week.
| Loan type | Avg rate | APR benchmarkAPOR | Source · as of | What it measures |
|---|---|---|---|---|
| 30-year fixed | 7.18% | 7.19% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 20-year fixed | 6.66% | 6.93% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 15-year fixed | 6.57% | 6.67% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 10-year fixed | 6.31% | 6.82% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 5-year ARM | 6.73% | 6.67% | Zillow (via NerdWallet)Nov 6, 2026 | Fixed for 5 years, then adjusts; APOR = prime ARM benchmark |
| 7-year ARM | — | 6.50% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| 10-year ARM | — | 6.63% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| FHA 30-year | 6.89% | — | Optimal Blue OBMMINov 5, 2026 | Locked FHA loans, all credit profiles; daily |
| VA 30-year | 6.71% | — | Optimal Blue OBMMINov 5, 2026 | Locked VA loans; daily |
| USDA 30-year | 6.86% | — | Optimal Blue OBMMINov 5, 2026 | Locked USDA loans; daily |
| Jumbo 30-year | 7.25% | — | Optimal Blue OBMMINov 5, 2026 | Locked loans above the conforming limit; daily |
APR benchmark = FFIEC/CFPB Average Prime Offer Rate for rate locks in the week starting Nov 9, 2026 (published in advance): a prime borrower's APR including typical points and fees. It is not a quote; your APR depends on credit, down payment and the points you pay. APOR is not published for FHA, VA, USDA or jumbo loans.
Calculate your Hawaii mortgage payment
The calculator starts from Hawaii's median list price, 20% down, the state's 0.24% effective property tax, its median insurance premium and its average closing costs. Switch to FHA or VA, change the down payment, or pick your county to set its conforming limit. For the month-by-month split of principal and interest, open the loan amortization calculator. To see how Hawaii's property tax and insurance compare with every other state, try the state-by-state PITI calculator.
Hawaii vs. the U.S.
Hawaii's median list price is 73% above the U.S. median, so at the same 7.18% rate the principal and interest on a 20%-down loan runs $1,642 a month more. Home values rose faster than the national average over the latest year, which builds equity sooner and can let PMI come off earlier on a low-down-payment loan. Five-year price growth here was the 21st-slowest of 51 jurisdictions.
| Measure | Hawaii | U.S. |
|---|---|---|
| Median list priceRealtor.com, Oct 2026 | $718,000 | $415,000 |
| Principal + interest, 20% down30-yr avg 7.18% | $3,891 | $2,249 |
| Average home-purchase loanHMDA 2025 | $694,631 | $404,828 |
| Average closing costsincl. transfer taxes | $5,921 | $4,661 |
| Median conventional rate paid2025 purchase loans | 6.50% | 6.50% |
| Mortgage approval rateHMDA 2025 | 71.7% | 76.6% |
| Home values, 1 yearFHFA index, Q2 2026 | +8.7% | +3.0% |
| Home values, 5 yearsFHFA index, Q2 2026 | +41.4% | +41.3% |
What Hawaii borrowers actually paid in 2025
This is the state-specific part. Federal HMDA records show the rate and costs on every Hawaii home-purchase loan closed in 2025. We compare like with like: 30-year fixed, first-lien, one-unit primary homes. On conventional loans, Hawaii borrowers paid 0.06 percentage points below the market benchmark at lock, the 6th-lowest of all 50 states and the District of Columbia.
| 2025 purchase loans | Median rateHI · U.S. | Over benchmarkHI · U.S. | Closing costsHI · U.S. | Paid pointsshare of loans | Median downequity on refis · HI |
|---|---|---|---|---|---|
| Conventional 30-yr fixed (conforming, 20%+ down)2,260 loans | 6.50%6.50% | −0.06+0.02 | $9,215$5,476 | 67.2%53.2% | 29% |
| Jumbo 30-yr fixed (20%+ down)131 loans | 6.63%6.63% | +0.15+0.00 | $21,006$10,251 | 57.3%38.4% | 20% |
| FHA 30-yr fixed483 loans | 6.13%6.25% | +0.26+0.42 | $17,418$11,291 | 68.1%59.3% | 3.5% |
| VA 30-yr fixed1,670 loans | 6.00%6.13% | −0.48−0.36 | $13,779$6,554 | 53.8%59.3% | 0% |
| Conventional rate-and-term refinance382 loans | 6.13%6.38% | −0.12−0.06 | $7,357$4,390 | 60.7%45.4% | 34.7% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), medians. "Over benchmark" = rate spread, the APR minus APOR on the lock date, which removes the effect of when each loan locked. Closing costs = total loan costs on the Closing Disclosure. HMDA has no credit scores, so these are what borrowers paid, not what you will be offered. See the lenders active in Hawaii and what their borrowers paid.
Hawaii's biggest conventional lenders: what their borrowers paid
The 8 largest conventional lenders in Hawaii by 2025 purchase loans, out of 205 that made one. Each row is the median for that lender's comparable loans here: 30-year fixed, conforming, 20% or more down. A lower figure over the benchmark means cheaper pricing for the same week.
| Lender | 2025 loansshare in HI | Median rate | Over benchmark | Originationmedian | Paid pointsshare · median | Median down |
|---|---|---|---|---|---|---|
| Bank of Hawaii | 74010.5% | 6.13% | −0.20 | $6,375 | 51%$4,122 | 25% |
| American Savings Bank, Fsb | 6278.9% | 6.13% | −0.39 | $5,865 | 73%$6,881 | 37% |
| United Wholesale Mortgage | 4356.1% | 6.50% | −0.07 | $4,837 | 69%$3,816 | 25% |
| First Hawaiian Bank | 3474.9% | 6.38% | −0.01 | $7,569 | 69%$5,647 | 40.8% |
| Rocket Mortgage | 3384.8% | 6.50% | −0.06 | $3,268 | 72%$3,847 | 29.6% |
| Central Pacific Bank | 3144.4% | 6.50% | −0.08 | $3,350 | 76%$3,880 | 38.1% |
| Guaranteed Rate (Rate) | 2443.4% | 6.55% | +0.07 | $1,640 | 41%$2,561 | 25% |
| The Loan Store, Inc. | 1782.5% | 6.49% | −0.04 | $1,632 | 54%$1,579 | 25% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), lenders with at least 30 comparable loans in Hawaii. Minimum credit scores are not shown here: conventional loans usually start at 620 (a lender floor; Fannie Mae's automated underwriting sets none), FHA 580 (500 with 10% down), VA none set by VA (lenders often 620). HMDA has no credit scores, so a lender's medians reflect its own mix of borrowers. FHA and VA lenders: Hawaii lender rankings.
How rates have moved
Weekly national averages over the past 30 days to 5 years. The 30- and 15-year lines are Freddie Mac average rates; the ARM lines are the APOR APR benchmark, because no free weekly ARM rate series exists.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
What a mortgage costs in Hawaii
On a home at Hawaii's median list price of $718,000 with 20% down, the mortgage totals $574,400, or about $3,891 a month in principal and interest at the 7.18% 30-year average.
What makes Hawaii different is the cost around the loan. Its 0.24% effective property-tax rate adds roughly $144 a month, and homeowners insurance — at the state's median 0.17% of home value — about $102 more, bringing the all-in estimate to $4,137. That figure is principal and interest at the 30-year average, property tax and insurance; at 20% down a conventional loan has no PMI, and HOA dues or local special assessments are not included. Your own price and down payment will move the number — work backward from your income with the affordability tool.
Payment at the $718,000 median list price by down payment and loan type
| Loan | Rate | Monthlyall-in | Mortgage ins. | Cash to close | Income needed28% rule · yearly |
|---|---|---|---|---|---|
| Conventional, 20% downNo PMI | 7.18%Freddie Mac 30-yr avg | $4,137P&I $3,891 | — | $149,521 | $177,000 |
| Conventional, 10% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $5,000P&I $4,378 | $377 | $77,721 | $214,000 |
| Conventional, 5% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $5,265P&I $4,621 | $398 | $41,821 | $226,000 |
| Conventional, 3% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $5,370P&I $4,718 | $406 | $27,461 | $230,000 |
| FHA, 3.5% down1.75% upfront MIP financed + annual MIP | 6.89%OBMMI FHA avg | $5,202P&I $4,638 | $318 | $31,051 | $223,000 |
| VA, 0% down2.15% funding fee financed; no monthly MI | 6.71%OBMMI VA avg | $4,983P&I $4,738 | — | $5,921 | $214,000 |
Monthly = principal and interest + property tax (0.24% effective) + homeowners insurance (about $102/mo — Hawaii's median premium, 0.17% of home value) + mortgage insurance. HOA dues and local special assessments are not included. Cash to close = down payment + Hawaii's average closing costs ($5,921). PMI is an illustrative 0.7% a year; FHA and VA figures use HUD's MIP schedule and VA's first-use funding fee. Income needed = the gross yearly income at which the monthly figure is 28% of pay, the classic housing-cost guideline. Lenders also limit your total monthly debts as a share of income, so car, student-loan and card payments raise the income you need.
Prices, loan limits and payments in Hawaii's biggest counties
Home prices, and so the loan you need, vary more inside Hawaii than rates do. The table covers the largest county markets and the high-cost counties where the conforming limit is higher. Pick a row to load it into the calculator above.
| County | Median list priceSep 2026 · yr/yr | Avg purchase loanHMDA 2025 | Conforming limitmax price at 20% down | At 20% down | Est. paymentP&I + tax + ins. | Calculator |
|---|---|---|---|---|---|---|
| Honolulu County3,483 homes for sale · Sep 2026 | $675,000+3.9% | $685,2046,771 loans | $1,249,125$1,561,406 | Conforming$540,000 loan | $3,889at 7.18% | |
| Maui County1,367 homes for sale · Sep 2026 | $995,000-13.5% | $862,255889 loans | $1,299,500$1,624,375 | Conforming$796,000 loan | $5,733at 7.18% | |
| Hawaii County1,365 homes for sale · Sep 2026 | $599,000-3.2% | $575,1351,775 loans | $1,249,125$1,561,406 | Conforming$479,200 loan | $3,451at 7.18% | |
| Kauai County385 homes for sale · Sep 2026 | $1,507,750+8.1% | $916,395473 loans | $1,249,125$1,561,406 | Conforming$1,206,200 loan | $8,688at 7.18% |
Sources: Realtor.com county research data (median listing price, Sep 2026); FHFA 2026 one-unit conforming limits; 2025 HMDA home-purchase originations (average loan, all loan types). Payments use the 30-year average (7.18%, or the jumbo average 7.25% above the limit), Hawaii's 0.24% effective property tax and its median insurance premium (0.17% of value), both from Census ACS 2024 data; county tax rates differ. Max price at 20% down = the county limit ÷ 0.8, the highest price at which a 20%-down loan stays conforming. Homes for sale = active Realtor.com listings in the month, excluding pending sales.
What's different about buying a home in Hawaii
Rates are national, but the rules around the loan are not. These Hawaii specifics can change your payment, your closing or your protections as a borrower.
Honolulu home exemption deadline is September 30
In Honolulu, your ownership must be recorded and your home exemption claim filed on or before September 30 preceding the tax year. If a purchase records after that date, a home already in the higher-rate Residential A class stays there for the current and upcoming tax year, so budget for higher taxes.
Source: realproperty.honolulu.govLava Zones 1 and 2: insurers largely decline
In Lava Zones 1 and 2, most insurers are unwilling to issue policies at any price, according to the Hawaii Insurance Division. The Hawaii Property Insurance Association has enhanced powers to cover owners who cannot get homeowners or dwelling fire insurance from private companies. Confirm insurability before you make an offer.
Source: cca.hawaii.govLenders require hurricane insurance on a mortgaged home
Hawaii's Insurance Division says lenders will require hurricane insurance if there is a mortgage on the property. Most companies use a 72-hour clause, covering damage in the 72 hours after a hurricane watch or warning, and hurricane insurance does not cover flood damage. Review what each quote specifically includes and excludes.
Source: cca.hawaii.govLeasehold condos: you don't own the land
In a Hawaii leasehold condominium, you buy the right to occupy the unit for the lease term, not the land beneath it. Lease rent is usually fixed for set periods and then renegotiated, and renegotiated rents may increase significantly. At lease end, owners may have to surrender the unit without compensation.
Source: cca.hawaii.govSection 247 mortgage insurance on Hawaiian Home Lands
HUD can insure a mortgage on a Department of Hawaiian Home Lands homestead lease for a one- to four-family home under section 247 if the borrower is a native Hawaiian who will live there as a principal residence. That department must be a co-mortgagor, guarantee or reimburse HUD for claims, or offer other acceptable security.
Source: ecfr.govChecked against official sources on October 20, 2026. Laws and programs change; confirm details with the agency named or a local real estate attorney.
How Hawaii buyers finance their homes
VA loans are where Hawaii stands out: they made up 15.4% of home loans originated here in 2025, against 8.2% nationally — the 3rd-highest VA share of any state. Lenders, agents and appraisers here handle VA deals routinely, which helps if that is the loan you need.
| Loan type | Share in HI | U.S. share | Approval in HI | Avg loan in HI |
|---|---|---|---|---|
| Conventional | 79.7% | 78.0% | 69.4% | $578,550 |
| FHA | 4.6% | 13.2% | 69.9% | $555,500 |
| VA | 15.4% | 8.2% | 87.5% | $748,153 |
| USDA | 0.2% | 0.6% | 85.4% | $365,976 |
The average Hawaii home loan in 2025 was $603,187 — 71% above the U.S. average of $352,861, the 2nd-largest of 51 jurisdictions. Home purchases accounted for 61.7% of those loans (U.S. 64.2%); cash-out refinances for 13.3% (U.S. 17.1%), a sign that fewer owners here borrowed against their equity.
Source: 2025 HMDA originations, FFIEC/CFPB. Approval = originated ÷ (originated + denied).
Hawaii loan limits for 2026
Hawaii is one of the special statutory areas where every county's 2026 one-unit conforming limit sits above the $832,750 national baseline, reaching $1,299,500 in Kalawao County ($1,299,500). Loans up to your county's limit still count as conforming, not jumbo. See the full national grid in our conforming-limit breakdown, and if you are over the line, what changes with jumbo loan rates.
County limits: FHFA 2026 conforming loan limit list (one-unit properties; two- to four-unit limits are higher).
Cash you'll need to close in Hawaii
Average closing costs in Hawaii are about $5,921 including transfer taxes (No. 12 of 51, highest first). On a home at the median list price of $718,000:
| 20% down | 3% down | |
|---|---|---|
| Down payment | $143,600 | $21,540 |
| Average closing costs | $5,921 | $5,921 |
| Cash to close (estimate) | $149,521 | $27,461 |
Prepaid taxes and insurance are extra. Closing-cost averages by state (source: Bankrate).
Transfer taxes and recording rules in Hawaii
Hawaii's conveyance tax, generally paid by the seller, applies to the whole price on a sliding scale: 0.10% under $600,000, 0.20% up to $1 million and 0.30% up to $2 million, rising to 1% at $10 million. Sales of homes to buyers who will not claim the county homeowner exemption pay more — 0.15%, 0.25% and 0.40% on those first tiers. Source: tax.hawaii.gov
Getting approved in Hawaii
Federal HMDA lending records show Hawaii lenders originated 19,858 home loans in 2025 and denied 7,829 applications — an approval rate near 71.7% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our HMDA approval analysis, and how Hawaii ranks for complaint records (1,662 on record).
Shopping for a loan? See the most active mortgage lenders in Hawaii, ranked by federal HMDA volume.
Down-payment help in Hawaii
You rarely need 20% down. These are the main programs from HHFDC, Hawaii's housing finance agency; they are offered through participating lenders, usually alongside the agency's own first mortgage.
Hale Kamaʻāina Mortgage Program
HHFDC's below-market 30-year fixed first mortgage for Hawaii residents (formerly Hula Mae), launched in December 2025. It can be paired with a second mortgage equal to 4% of the first loan at 1% simple interest with no monthly payments, due on sale, refinance or maturity. Income and county price limits, a 660 credit score and homeownership counseling apply.
Source: dbedt.hawaii.govChecked against official sources on October 9, 2026. Assistance amounts, income limits and funding change during the year — confirm current terms with HHFDC or a participating lender.
Hawaii's MCC program: closed since December 31, 2024
HHFDC's MCC funds were fully allocated by December 31, 2024 and it no longer accepts new applications; reissuance continues for owners who refinance through a participating lender. Where mortgage credit certificates are still available.
Check current terms at HHFDC, see how a smaller down payment changes your number with the down payment planner, or compare every state’s buyer programs.
How these numbers are measured
- Freddie Mac PMMS (30- and 15-year): a weekly average of rates offered to borrowers with 20% down and strong credit, published Thursdays; latest week Nov 5, 2026. Points are not reported.
- Optimal Blue OBMMI (FHA, VA, USDA, jumbo): daily averages of rates actually locked, across credit profiles. Points vary by loan.
- APOR (APR benchmark): FFIEC/CFPB's weekly Average Prime Offer Rate, an APR that includes typical points and fees for a prime borrower. Regulators use it to flag higher-priced loans.
- HMDA 2025 (Hawaii vs U.S.): rates, costs, points and down payments on loans that actually closed, reported by lenders to federal regulators. Updated once a year.
- Census ACS 2024 (property tax and insurance): what homeowners with a mortgage in Hawaii reported paying — the median real-estate tax divided by the median home value, and the median insurance premium as a share of value. Updated once a year.
- Interest rate vs APR: the rate sets your payment; the APR adds points and lender fees spread over the loan. Compare APRs on Loan Estimates for the same day and loan type.
Rates and APOR refresh every week; HMDA, loan limits and closing-cost averages refresh when their publishers release new data. Reviewed by our review team. Full sources and formulas: our data methods.
Hawaii mortgage FAQ
What is a good mortgage rate in Hawaii right now?
A 30-year fixed close to the national average of 7.18% (Freddie Mac, week of Nov 5, 2026) is a fair benchmark for a borrower with strong credit and 20% down. In 2025, Hawaii's conventional buyers paid a median 6.50%.
Quotes well above that usually reflect lower credit, a small down payment or lender credits taken in exchange for a higher rate.
Are mortgage rates higher in Hawaii than in other states?
No, if anything slightly lower, once timing and fees are counted. In 2025 HMDA records, Hawaii's median conventional 30-year rate was 6.50%, against 6.50% nationally.
Against the benchmark for each loan's lock week, which counts points and fees, Hawaii loans priced 0.06 percentage points below it (the 6th-lowest of all 50 states and the District of Columbia), against 0.02 above nationally.
Rates are set mainly in one national market, so your credit, down payment and loan size matter more.
What are current jumbo mortgage rates in Hawaii?
The national jumbo 30-year average is 7.25% (Optimal Blue). In 2025, Hawaii's jumbo buyers paid a median 6.63%. A loan is jumbo above the $832,750 conforming limit, or above $1,299,500 in Hawaii's highest-cost counties.
Jumbo lenders typically want 10–20% down, a 700+ credit score and 6–12 months of reserves.
Should I choose a 15-year or 30-year mortgage?
On a $574,400 loan (20% down on Hawaii's median list price), a 30-year at 7.18% costs $3,891 a month and a 15-year at 6.57% costs $5,026.
The 15-year saves about $496,188 in interest but needs $1,135 more a month, so it fits only if that payment is comfortable.
How much does a 1% difference in mortgage rates change my monthly payment?
On a $574,400 loan (20% down on Hawaii's median list price), moving from 7.18% to 8.18% raises the principal-and-interest payment from $3,891 to $4,287, or $396 a month.
Over 30 years that is about $142,508 more in interest, which is why comparing several lenders on the same day matters.
Are mortgage rates different for purchase and refinance loans?
Yes, slightly. In 2025, Hawaii's conventional rate-and-term refinances closed at a median 6.13% and purchases at 6.50%, partly because refinances bunch up when rates dip. Refinances priced 0.12 percentage points below the market benchmark; cash-out refinances usually cost more. Your own pricing depends on credit, loan-to-value and points.
How much is a $400,000 mortgage at 7.18% interest?
About $2,710 a month in principal and interest over 30 years. In Hawaii, a $500,000 home with that loan adds roughly $100 a month in property tax at the 0.24% effective rate, plus homeowners insurance. Over 30 years the loan costs about $575,506 in interest.
How much income do I need to buy a home in Hawaii?
About $177,000 a year for a home at the $718,000 median list price with 20% down, if the full $4,137 monthly payment, including tax and insurance, stays within 28% of gross income.
Smaller down payments add mortgage insurance and raise that figure; existing debts lower what lenders approve.
What down payment assistance is available in Hawaii?
HHFDC, the state housing finance agency, runs Hale Kamaʻāina Mortgage Program, offered through participating lenders. Help usually comes as a grant or a deferred or forgivable second loan paired with the agency's first mortgage.
Amounts, income limits and funding change during the year, so confirm current terms with HHFDC or a participating lender before you apply.
- Freddie Mac — Primary Mortgage Market Survey
- FFIEC / CFPB — Average Prime Offer Rates (APOR)
- FFIEC / CFPB — HMDA data browser (2025 loan-level records)
- Optimal Blue OBMMI via FRED (FHA, VA, USDA, jumbo)
- FHFA — 2026 conforming loan limits by county
- U.S. Census Bureau — 2024 American Community Survey microdata (property tax and homeowners insurance)
- HUD — Handbook 4000.1 (FHA mortgage insurance)
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.