Vacant Land Loans in Hawaii
HFS offers competitive vacant land loan rates in Hawaii with flexible financing options for land purchases across the Big Island.
Land loans are used to finance a purchase of vacant land in Hawaii.
Rates as low as 6.25% APR1
Monthly Payment
What is a Vacant Land Loan?
A vacant land loan is used to finance the purchase of land in Hawaii. Finding that ideal property makes it that much more exciting when you’re ready to build the home of your dreams on the Big Island. Choose fixed rate financing for a long term project or a more affordable interest-only option if construction is scheduled to start right away. Our Hawaii land loans are designed to meet your specific property purchasing needs.
Why Choose HFS for Your Vacant Land Loan in Hawaii?
A vacant land loan from HFS FCU is your stepping stone to owning property in Hawaii. With over 85 years of experience serving Big Island residents, we offer some of the most competitive land loan rates available. Our local loan officers understand the unique aspects of Hawaii land purchases and can guide you through the entire process. We also offer seamless transitions to our Construction to Permanent loan options when you’re ready to build.
Have questions? Make an appointment to speak with a loan officer or give us a call and we’ll be happy to assist you. As the largest credit union on Hawaii Island with over 50,000 members, we’re proud to be part of the credit union movement, all about people helping people. We’re here to help you with your vacant land financing needs.
Interest-Only Vacant Land Loan
Enjoy up to 36 months of interest-only payments designed to provide you enough time to plan, obtain permits, and secure financing for the construction of your new home.
Competitive interest rates
Up to 36 months of interest-only payments with balloon payment at maturity
Borrow up to 90% of the value of the land
No prepayment penalties
10 Year Fixed Vacant Land Loan
If you want to buy land now but build later, a Vacant Land 10 Year Fixed will give you the time you need to prepare.
Competitive interest rates
Terms up to 10 years (120 months)
Borrow up to 80% of the value of the land
No prepayment penalties
Hawaii Land Loan Eligibility
Our vacant land loans in Hawaii are available to:
- Residents of the Big Island
- HFS FCU members (membership open to all who live, work, worship, attend school, volunteer, or participate in associations headquartered on the island of Hawaii)
- Non-residents looking to purchase vacant land in Hawaii (must be eligible for membership to qualify)
- First-time and experienced land buyers
The Vacant Land Purchase Process in Hawaii
Buying land in Hawaii involves several important steps:
- Property Selection: Find your ideal vacant land on the Big Island
- Application: Apply for your vacant land loan with HFS FCU
- Approval: Our loan officers will help you through the approval process
- Closing: Complete your land purchase with our expert guidance
- Future Building: When ready, transition to our Construction to Permanent loan
Whenever I need any kind of help with financing, this is my go to source. Good people.
Vacant Land Loan Resources
Get one-on-one help today by contacting the Credit Union and asking for a Loan Officer.
View a list of our Mortgage Loan Originators.
Download the Vacant Land Buying Guide to learn about important considerations and necessary documents when purchasing property in Hawaii.
Start Your Vacant Land Purchase in Hawaii Today
Ready to purchase vacant land in Hawaii? Our local loan officers are here to help you find the perfect financing solution for your land purchase on the Big Island.
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1APR= Annual Percentage Rate. The stated rate is based on a Vacant Land Interest Only Loan with a balloon payment due at 36 months. Subject to credit approval. Rates are fixed for the life of the loan. Rate may vary based on loan type. Member will be responsible for all expenses incurred to secure the loan.
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.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 Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.
Rates
| Loan Type | Interest Rate | APR(1) | Monthly Principal & Interest Payment(2) |
|---|---|---|---|
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Vacant Land 10 Year Fixed 120 Monthly Payments |
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Vacant Land Interest Only (3) Up to 36 Monthly Payments |
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Rates effective as of: May 25, 2025
Disclosures
(1) APR= Annual Percentage Rate. The stated rate is based on a Vacant Land Interest Only Loan with a balloon payment due at 36 months. Subject to credit approval. Rates are fixed for the life of the loan. Rate may vary based on loan type. Member will be responsible for all expenses incurred to secure the loan.
(2) APR= Annual Percentage Rate.
(3) Monthly interest only payments with a balloon payment due at 36 months.
Subject to credit approval. Rates are fixed for the life of the loan. Rate may vary based on loan type. Member will be responsible for all expenses incurred to secure the loan.
Additional Info:
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 Hawai’i. A minimum opening balance of $50.00 is required to open a Savings Account.
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. Member will be refunded any balance of the $800.00 initial deposit.
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