Mortgage Rates in Hawaii — June 2026
Compare mortgage rate benchmarks across 51 cities in Hawaii. Amortio's estimated state average for a 30-year fixed loan is 6.71%, which is 0.23% above the Freddie Mac national benchmark of 6.48% from June 4, 2026. These figures are informational estimates, not lender quotes or APR offers.
What is the current Hawaii mortgage-rate benchmark?
Amortio's Hawaii state table shows an estimated 6.71% 30-year benchmark across 51 cities, versus Freddie Mac's 6.48% national 30-year PMMS benchmark from June 4, 2026. Use it to compare city payments, then request same-day lender Loan Estimates for APR, points, fees, lock period, and cash-to-close.
How to Read Hawaii Mortgage Rates
Hawaii is not one uniform mortgage market. The rate table below covers 51 cities, but the real payment difference comes from home price, income, property taxes, loan size, and whether a borrower fits conventional, FHA, VA, or jumbo pricing. Use this page to compare cities first, then use lender quotes for final APR and fee decisions.
- At the state-average payment of $3,729 per month and median income of $79,558, Hawaii looks stretched relative to the standard 28% housing-cost guideline.
- The observed city-level 30-year benchmark spread is 0.36 percentage points, from 6.53% to 6.89%. Even small rate differences matter more in expensive cities because they apply to larger loan balances.
- Average property-tax pressure is relatively low, so purchase price and rate lock timing usually drive more of the monthly-payment difference.
- For buyers comparing down payment choices, pair this state page with the PMI calculator, affordability calculator, and closing cost estimator before assuming the lowest advertised rate creates the lowest total cost.
Payment-Efficient Hawaii Cities
| City | P&I / Income | Monthly P&I | Median Income | 30-Year Rate |
|---|---|---|---|---|
| Puhi | 42% | $3,429 | $98,000 | 6.69% |
| Waikoloa Village | 44.8% | $3,018 | $80,800 | 6.76% |
| Hauula | 46.4% | $2,813 | $72,700 | 6.7% |
| Kalaheo | 47.2% | $3,481 | $88,500 | 6.62% |
| Naalehu | 47.7% | $3,419 | $86,000 | 6.66% |
Highest-Priced Hawaii Markets to Stress-Test
Hawaii Mortgage Quote Comparison Worksheet
Use this checklist before choosing between lender quotes, state assistance, builder credits, or a temporary buydown. It is built to catch the costs that do not show up in a simple rate table.
| Line Item | What to Compare |
|---|---|
| Rate vs APR | APR exposes points, lender fees, and credits that can hide inside a lower advertised rate. |
| Cash to close | Compare down payment, closing costs, prepaid taxes, insurance escrow, and any assistance or seller credit. |
| Payment after escrow | Hawaii buyers should compare principal, interest, property tax, insurance, HOA or condo dues, and mortgage insurance together. |
| Assistance terms | Down payment assistance can be a grant, forgivable second, deferred second, or repayable loan; the repayment rule changes the real cost. |
| Rate lock and buydown | Temporary buydowns and lender credits can improve the first-year payment while leaving a higher long-run payment. |
A strong Hawaii mortgage comparison should include at least two lender Loan Estimates plus one program or assistance check where available. Pair this worksheet with the affordability calculator, PMI calculator, and closing cost estimator.
Hawaii Mortgage Rate & HHFDC Homebuyer Notes
Hawaii borrowers should compare mortgage-rate benchmarks with island-specific home prices, condo and leasehold rules, HHFDC programs, down payment assistance, and high-cost loan-limit checks. This page is for planning and comparison, not a lender quote or APR offer.
- HHFDC lists homebuyer resources including the Mortgage Credit Certificate Program, leasehold programs, and homeownership orientation resources.
- HHFDC launched the Hale Kamaaina Mortgage Program for qualified first-time homebuyers, with competitive 30-year fixed mortgage financing and optional down payment assistance subject to current rules.
- Hawaii buyers should check whether the property is fee simple, leasehold, condo, affordable resale, or subject to HHFDC buyback/shared-appreciation rules before comparing rates.
- Island markets can vary sharply; a statewide average can hide very different affordability math in Honolulu, Maui, Kauai, and Hawaii County.
Hawaii Loan Limit & Program Checks
| Area | Conforming | FHA | Why It Matters |
|---|---|---|---|
| Hawaii conventional loans | Use FHFA lookup | Use HUD lookup | High-cost county limits can matter; verify current county values before deciding conforming or jumbo. |
| HHFDC Hale Kamaaina Mortgage Program | Program-specific | Program-specific | Qualified first-time buyers may access program financing and optional assistance subject to current HHFDC rules. |
| Affordable resale or leasehold property | Property-specific | Property-specific | Buyback, shared-appreciation, leasehold, and occupancy rules can affect financing and resale. |
Official Hawaii Mortgage Sources
Hawaii Housing Highlights
All 51 Cities in Hawaii
| City | 30-Yr Rate | Home Price | Monthly P&I | Population |
|---|---|---|---|---|
| Honolulu | 6.53% | $875,000 | $4,438 | 350,964 |
| Mokuleia | 6.77% | $560,000 | $2,912 | 49,568 |
| Pearl City | 6.53% | $815,000 | $4,134 | 47,698 |
| Hilo | 6.53% | $455,000 | $2,308 | 45,703 |
| Kailua | 6.53% | $1,150,000 | $5,833 | 40,514 |
| Wailua Homesteads | 6.86% | $765,000 | $4,014 | 39,384 |
| Waipahu | 6.53% | $725,000 | $3,677 | 38,216 |
| Kalaheo | 6.62% | $680,000 | $3,481 | 35,614 |
| Kaneohe | 6.53% | $985,000 | $4,996 | 34,597 |
| Paauilo | 6.86% | $895,000 | $4,696 | 29,501 |
| Kahului | 6.64% | $675,000 | $3,463 | 29,179 |
| Waipio Acres | 6.87% | $725,000 | $3,808 | 28,089 |
| Mililani Town | 6.73% | $786,000 | $4,070 | 27,629 |
| Ewa Gentry | 6.7% | $697,000 | $3,598 | 26,591 |
| Kilauea | 6.79% | $990,000 | $5,158 | 23,871 |
| Kihei | 6.53% | $895,000 | $4,540 | 22,749 |
| Launani Valley | 6.89% | $795,000 | $4,184 | 21,780 |
| Kapolei | 6.53% | $785,000 | $3,982 | 21,541 |
| Naalehu | 6.66% | $665,000 | $3,419 | 21,522 |
| Mililani Mauka | 6.86% | $724,000 | $3,799 | 21,039 |
| Keaau | 6.68% | $885,000 | $4,559 | 20,988 |
| Makakilo | 6.81% | $709,000 | $3,701 | 19,843 |
| Hana | 6.66% | $985,000 | $5,064 | 19,509 |
| Puhi | 6.69% | $665,000 | $3,429 | 19,182 |
| Kahaluu | 6.78% | $915,000 | $4,762 | 19,135 |
| Wahiawa | 6.81% | $634,000 | $3,310 | 17,821 |
| Wailuku | 6.85% | $766,000 | $4,015 | 17,697 |
| Koloa | 6.66% | $495,000 | $2,545 | 17,064 |
| Makakilo City | 6.62% | $770,000 | $3,942 | 16,546 |
| Schofield Barracks | 6.81% | $697,000 | $3,639 | 16,370 |
| Ocean Pointe | 6.72% | $698,000 | $3,611 | 16,147 |
| Ewa Beach | 6.73% | $637,000 | $3,298 | 14,955 |
| Kailua-Kona | 6.78% | $747,000 | $3,888 | 14,627 |
| Royal Kunia | 6.64% | $762,000 | $3,909 | 14,525 |
| Halawa | 6.86% | $699,000 | $3,668 | 14,014 |
| Waimalu | 6.65% | $710,000 | $3,646 | 13,730 |
| Waianae | 6.65% | $718,000 | $3,687 | 13,177 |
| Lahaina | 6.7% | $625,000 | $3,226 | 13,101 |
| Nanakuli | 6.68% | $611,000 | $3,148 | 12,666 |
| Village Park | 6.68% | $627,000 | $3,230 | 11,730 |
| 11 more Hawaii city mortgage-rate pages are available as individual pages and in the XML sitemap. | ||||
Hawaii Mortgage Rates Guide — 2026
Hawaii homebuyers can use an estimated 30-year fixed benchmark of 6.71%, with median home prices around $721,765. At these rates, the typical monthly mortgage payment (principal and interest with 20% down) is $3,729.
The most affordable city for homebuyers in Hawaii is Hilo, where the median home price is $455,000. On the other end, Kailua has the highest prices at $1,150,000. Property tax rates across the state average 0.28%.
To comfortably afford a home at the state average price, a household income of approximately $159,814 is recommended, following the standard guideline that housing costs should not exceed 28% of gross income.
For Hawaii mortgage-rate searches, the key issue is usually not only the rate. Check island, property type, leasehold status, condo dues, insurance, and whether HHFDC programs or high-cost loan limits affect the loan structure.
If a buyer uses an HHFDC or affordable resale program, read resale, occupancy, buyback, shared-appreciation, and assistance terms before treating the lower upfront payment as the lowest lifetime cost.
Use our free loan calculator to see your estimated monthly payments and amortization schedule, or browse individual city pages below for localized rate data and market insights.
Methodology & Mortgage Rate Data Sources
How we calculate Hawaii mortgage rates: Our rate estimates start with weekly mortgage-rate benchmarks and then compare city-level housing assumptions. They are designed for planning and comparison, not as a guarantee of lender pricing.
- Benchmark mortgage rates from Freddie Mac Primary Mortgage Market Survey (PMMS) — the most-cited weekly survey of 30-year and 15-year fixed conforming rates.
- Federal Reserve rate policy tracked via FRED — Federal Reserve Economic Data — the St. Louis Fed's authoritative database of interest rate series.
- Conforming loan limits set annually by the FHFA Conforming Loan Limit announcements (Hawaii 2026: $832,750 baseline, with higher one-unit limits in high-cost counties).
- State lending regulation context from HUD State Information pages covering FHA, down payment assistance, and housing finance agency programs in Hawaii.
- Mortgage market trends tracked via Mortgage Bankers Association (MBA) Weekly Applications Survey — the industry benchmark for mortgage demand and rate sensitivity.
Authoritative mortgage rate data sources:
- Freddie Mac PMMS — weekly 30yr and 15yr fixed rate benchmark
- FRED — Federal Reserve Economic Data — interest rate and housing series
- FHFA — Federal Housing Finance Agency — conforming loan limits and HPI
- HUD — Housing and Urban Development — FHA programs and state assistance
- HHFDC Homebuyer Resources — official Hawaii homebuyer resource hub
- CFPB Mortgage Rate Checker — personalized rate comparison tool
- VA Home Loan Program — zero down payment loan for eligible veterans
Rate Disclaimer: Rates shown are estimates based on current market surveys and may not reflect actual lender quotes. Your rate depends on credit score, loan-to-value ratio, down payment, property type, and lender. Always obtain personalized rate quotes from multiple lenders. Rates change daily.
Reviewed by Brazora Monk · Last updated May 2026 · Freddie Mac PMMS data current as of June 4, 2026
Frequently Asked Questions — Hawaii Mortgages
What are current mortgage rates in Hawaii?
As of June 4, 2026, Freddie Mac's national benchmark was 6.48% for the 30-year fixed and 5.79% for the 15-year fixed. Amortio's Hawaii city comparison shows an estimated 30-year benchmark average of 6.71% and 15-year average of 5.95%. Rates vary by city, lender, lock date, fees, and borrower qualification.
What is the average home price in Hawaii?
The median home price across 51 cities in Hawaii is $721,765. Prices range from $455,000 in Hilo to $1,150,000 in Kailua.
How much income do I need to buy a house in Hawaii?
Based on the 28% debt-to-income guideline, you would need a household income of approximately $159,814 to comfortably afford the average home in Hawaii. The median household income in the state is approximately $79,558.
What Hawaii homebuyer programs should borrowers check?
Start with HHFDC homebuyer resources, the Hale Kamaaina Mortgage Program, Mortgage Credit Certificate information, and any project-specific affordable homeownership rules that apply to the property.
Why are Hawaii mortgage-rate comparisons different from mainland comparisons?
Hawaii buyers often need to account for high prices, island market differences, condo fees, leasehold or fee-simple status, insurance, and affordable-housing resale rules in addition to the rate and APR.
Browse Mortgage Rates by State
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