A loan that a lender gives you to help finance the purchase of your new home. Your home acts as collateral for the money you're borrowing.
-
Overview
Why get your 1st Mortgage from HFS?
Purchasing your first home is exciting; now financing it is too! We will save you money with our competitive rates, and you’ll rest easy with terms that fit your needs.
- Low closing costs
- No prepayment penalties
- Competitive fixed interest rates
- Terms up to 30 years
- Borrow up to 80% of the home’s appraised value
Additional Info
Get one-on-one help today by contacting the Credit Union and asking for a Loan Officer.
SAFE Act Information
On July 28, 2010 the Nation Credit Union Administration (NCUA) and other Federal Agencies published a final rule to implement the federal registration requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (S.A.F.E. Act). The registration requirements apply to all employees acting in the capacity of a Mortgage Loan Originator (MLO). The S.A.F.E. Act requires all MLOs to register with the Nationwide Mortgage Licensing System and Registry (NMLS). Upon completing this registration, each MLO is provided with a Unique Identifier number from the NMLS. An MLO must provide this Unique Identifier number to each mortgage loan applicant upon request and prior to the employee acting as an MLO.Subject to credit approval. Rate may vary based on individual creditworthiness and loan term.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account. -
Reviews
1st Mortgages Reviews
by MrrobotRate was fine, but absolutely no communicationYour mortgage will be handled by a Californian company called CU Members. I called around 4 times during business hours and never got anybody to answer or call back. I sent a few emails but only one ever received a response. I would ask questions or send documents and wait days not knowing if anybody was even reading them. To their credit, they eventually did reply telling me they got my documents. I ended up using a local mortgage lender instead who even gave me a lower rate.
Thank you for submitting a review. We apologize for your experience with our mortgage provider. Member service is our utmost priority at HFS and we understand your frustration. We will be reaching out to our provider to address your concerns. Although we weren’t able to assist you with your mortgage, please let us know if we may help you with any of your other financial needs in the future.
My Review
-
Rates & Fees
Rates Effective as of: 09-22-2023
1st Mortgage Rates
First Mortgage Term Interest Rate APR Monthly Principal and Interest Payment Up to 180 Months 6.550% 6.550% $873.86 per $100,000 borrowed Up to 360 Months 7.000% 7.000% $665.31 per $100,000 borrowed Subject to credit approval. Rate may vary based on loan term.
Membership with the Credit Union is required and open to all who live, work, worship, attend school, volunteer or participate in associations headquartered on the island of Hawaii. A minimum opening balance of $50.00 is required to open a Savings Account.Additional Info
Member will be responsible for all expenses incurred to secure the loan. This includes an initial deposit of $800.00 to defray expenses for:
- Appraisal fee(s)
- Residential Mortgage Credit Report(s)
- Inspection fee(s)
- Flood Certification fee(s)
- Other incidental expenses that may be incurred to secure the loan
Note: Member will pay before final closing any outstanding expenses exceeding the $800.00 deposit. Any balance of the $800.00 can be applied to escrow costs.
-
Calculator
Calculator
Calculate your monthly payments or see how much you can afford.
1st Mortgage Calculator
The Calculator Tools are not guarantees of credit. Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
-
FAQ
Frequently Asked Questions
-
Does my home need to be owner-occupied to qualify?
Yes, this is a requirement for all HFS Mortgages.
-
Do all of the borrowers on the mortgage need to be members?
Yes, borrowers must have their own account with HFS where they are the primary account holder. For example, a joint member will need to open their own account so they are the primary member.
-
What if I want to apply for a mortgage with my Trust Account?
Due to the nature of Trust Accounts, these loans need to be reviewed by legal counsel. Please note that these loans have a lengthier processing time.
-
Does my home need to be owner-occupied to qualify?
Questions?
Drop us a message anytime with your questions about 1st Mortgages.
