DHHL Mortgages

The Department of Hawaiian Home Lands provides native Hawaiians generational leasehold properties to help families own their own homes with a DHHL Mortgage. With the recent DHHL announcement of 2,000 new homes to be built in the next 3 years, there will be lots of new opportunities to purchase a brand new home or buy an existing home another family will be selling. Now you can look for homes in neighborhoods you may already have family and friends. The home values are often offset by a long transaction period so be prepared for 9-12 months from start to finish.

Eligibility Requirements: To be eligible to apply for a DHHL Mortgage homestead lease, you must meet two requirements:

• You must be at least 18 years of age; and
• You must be a native Hawaiian, defined as “any descendant of not less than one-half part of the blood of the races inhabiting the Hawaiian Islands previous to 1778.” This means you must have a blood quantum of at least 50 percent Hawaiian. This requirement remains unchanged since the HHCA’s passage in 1921.

Request a DHHL Application Forms Packet, click here.

Big Island Mortgages by Doug Mallardi
(808) 333-4341 doug@bigislandmortgages.com
Start an online loan application, click here.
Schedule an appointment, click here.
Get A New Mortgage. Get A Better Mortgage. Home loans for all Hawaiian islands.

Let us help you navigate lease transfers or successions, lease extensions, or prepare for a purchase. Backed by the Department of Hawaiian Home Lands and FHA, DHHL loans are mortgages crafted specifically for the Native Hawaiian community. Eligible applicants on all islands can purchase or refinance a home on Hawaiian Home Lands.

HUD 184A NATIVE HAWAIIAN HOUSING LOAN GUARANTEE PROGRAM

• Low down payment (1.25% – 2.25%)
• No mortgage insurance
• Flexible underwriting
• Loan guaranteed by U.S. Department of Housing and Urban Development (HUD)

FHA 247 LOAN PROGRAM

• Low down payment (3.5%)
• No annual mortgage insurance
• One-time upfront mortgage insurance premium
• Loan guaranteed by the Federal Housing Administration (FHA)
• Up to 85% Loan-to-Value cashout

• Applicant must be at least 18 years of age with the ability to mortgage a leasehold interest in real property that is subject to the Hawaiian Homes Commission Act, 1920, as amended.

Refinancing? You can cash-out to make home improvements!

• Complete online loan application.
• Receive and sign initial disclosures and intent to proceed.
• Submit Request for Certificate of Eligibility and Cover Letter to DHHL. (docs, borr, req’d elig, file) Wait 2-4 weeks for approval.
• Order the appraisal and submit the Consent to Mortgage docs (CD, mortgagee, URLA, credit report, DU approve/eligible)
• Prep docs for final underwriting.
• Prepare to close transaction.