Homebuyer Resources
Do you need help finding down payment assistance or an affordable mortgage loan?
Hawaiian Community Assets Can Help
Receive Free Education, Financial Counseling, and Financial Products to Position Yourself for Home-Purchase-Readiness
Alaula Builders has partnered with Hawaiian Community Assets (HCA) Homebuyer Program to help low-income and moderate-income families realize the dream of homeownership.
HCA’s HUD-certified counselors provide free tools and training to help folks qualify for affordable mortgage financing to buy homes. Owning your own home can be part of your family’s future.
Start today by contacting the Maui Financial
Opportunity Center
24 N Church Street, Suite 210
Wailuku, HI 96793
(808) 727-8870
How the Homebuyer Program Works
1
First Steps
Ready, set, go!
To apply for HCA’s homebuyer program, complete a client intake packet and submit the packet with copies of required documents, such as pay stubs, bank statements and tax returns. Once received, HCA counselors will enroll you in a homebuyer workshop.
2
Homebuyer Education
Free workshops lay the groundwork.
Certified trainers conduct 8-hour workshops covering family values, advantages and disadvantages of purchasing a home, spending and saving, credit and credit reports, qualifying for a home loan, the homebuying process, home maintenance, and surviving a financial emergency. Attendees receive HCA’s Kahua Waiwai Homebuyer Edition© handbook.
Homebuyer Education Workshops
To enroll in an online class, those interested must complete the enrollment/application online here.
3
Pre-Purchase Counseling
What can I afford?
HCA’s certified counselors work directly with individuals and families to develop action plans that help each family start on a path to increase savings, pay down debt, and improve their credit. Counselors guide families’ progress and make referrals to programs for grants and loans for credit building/repair, down payment, and closing costs. A Mortgage Qualification Estimate is also used to help families identify an affordable monthly mortgage payment based on their current income.
Maui County requires the Homebuyer Education counseling program to be HUD-approved. A list of HUD-approved Housing Counseling Agencies is available here.
4
Down Payment Assistance
Grants Up to $7,500
HCA also partners with local banks and credit unions to offer up to $7,500 in additional down payment assistance grants.
5
Loans & Grants
Loans and grants to improve credit, reduce debt, or for down payment/closing costs
Counselors help qualified families apply for loans and grants through Hawaii Community Lending: loans up to $25,000 to build/improve credit or consolidate debt, loans up to $50,000 to Native Hawaiian homebuyers for down payment/closing costs, and grants up to $7,500 to low-income homebuyers for down payment/closing costs using a participating lender.
6
Mortgage Assistance
HCA counselors work with its loan fund, Hawaii Community Lending, to help families apply for affordable mortgage loans with down payment requirements as low as 0%.
To receive assistance, home buyers are required to complete an intake, workshop, and counseling.
Maui County Requires the Homebuyer Education Counseling Program to be HUD-Approved
A list of HUD-approved Housing Counseling Agencies is available here.
Applicants must complete these milestones in order to qualify.
HABITAT FOR HUMANITY
1162 Lower Main Street
Wailuku, HI 96793
(808) 242-1140
info@habitat-maui.org
Monday - Friday 8:30 a.m. to 4:30 p.m.
Habitat for Humanity offers a 2-session homebuyer education certificate for $55/household. Register by emailing Habitat’s Housing Counselor at info@habitat-maui.org or call (808) 242-1140 for more information.
FINANCIAL OPPORTUNITY CENTER
HAWAII COMMUNITY ASSETS
24 North Church Street #210
Wailuku, HI 96793
(808) 727-8870
mauifoc@hawaiiancommunity.net
Monday – Friday 8:00 a.m. to 5:00 p.m.
Hawaiian Community Assets is a 501c3 nonprofit HUD-certified housing counseling agency and Native community development financial institution that builds the capacity of low- and moderate-income communities to achieve and sustain economic self-sufficiency with a particular focus on Native Hawaiians. Our philosophy – kahua waiwai – supports permanent housing, culturally-relevant financial education, and asset building and community lending programs to achieve our mission.
HALE MAHAOLU
95 Mahalani Street, Suite 28-2A
Wailuku, HI 96793
(808) 242-7027
counseling@halemahaolu.org
Monday - Friday 8:00 a.m. to 4:00 p.m.
Hale Mahaolu offers a self-paced online course (reading with quizzes) to obtain your Homebuyer Education Certificate:
Cost per household = $75
Register at halemahaolu.frameworkhomeownership.org/
AND
Complete the Intake Packet and Pre-Purchase Counseling Appointment at no charge
All affordable housing sales application packages will be reviewed for completeness by the developer or its broker agents within one week of submittal. If your sales application package is determined to be incomplete or the information provided is insufficient in any manner, the sales application package will be returned within 24 hours of this determination. You may complete the missing information or documentation and resubmit up to the submittal deadline. If you do not submit a complete application to the satisfaction of the developer or its broker agents in a timely manner you may miss the opportunity to be eligible for the lottery and home selection and/or be eligible for the waitlist.
Gina Duncan, RB-21124
Fine Island Properties
808.250.9858
mauigina@gmail.com
ABR, CRB, CIPS, CRS, e-Pro, GREEN, GRI, RSPS, SFR, AHWD, BPOR
Tatiana K. Medeiros, RB-19637
Fine Island Properties
808.280.4404
tatianakmedeiros@gmail.com
Broker-in-Charge, CRS, GREEN
Donna P. Ting, RB-7198
Tri Isle Realty & Dev. Co. Inc.
808.244.7441
triisle@aol.com
Broker-in-Charge