state_legiscan_drain · HI
Relating To The Downpayment Loan Assistance Program.
January 26, 2026
Summary
If enacted, this bill would amend Hawaii's Downpayment Loan Assistance Program by removing restrictions on combined loan-to-value ratios, clarifying the Hawaii Housing Finance and Development Corporation's authority to set interest rates and waive payments, and authorizing financial institutions, mortgage lenders, and other loan originators to originate downpayment loans. It would also reduce the borrower's required personal contribution and allow loan proceeds to cover closing costs, prepaids, and reserves. The changes aim to expand access to downpayment assistance for homebuyers in Hawaii.
AI-generated summary · Jul 12, 2026. Verify with your compliance counsel before acting.
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Source: https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HB&billnumber=2270&year=2026
Common questions
- What does "Relating To The Downpayment Loan Assistance Program." cover?
- If enacted, this bill would amend Hawaii's Downpayment Loan Assistance Program by removing restrictions on combined loan-to-value ratios, clarifying the…
- When was it published?
- It was published on January 26, 2026.