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Home Equity Line of Credit - HELOC 

heloc - Tap into home equity

Use your home’s equity to pay for home improvements, consolidate debt, cover school tuition, or medical bills. You can use the funds to help your children with a down payment to buy a home or to purchase more real estate. Even better, gain peace of mind by being prepared for unexpected expenses with this revolving line of credit with no down payment or annual fee. Our efficient loan process provides faster access to cash that you can use to fund your next project.

What is a HELOC?


A Home Equity Line of Credit allows you to borrow a portion of the equity in your home. A HELOC is a revolving line of credit that allows you to make multiple withdrawals up to your credit limit. Like a credit card, when balances are repaid, the amount of available credit increases.  

- A HELOC usually has a variable rate with a borrowing period that is typically 10 years. During this draw period, you can tap into your HELOC as needed and continue to use and repay the funds. You will need to make monthly interest-only payments.

- After the borrowing period ends, the repayment period begins and you can no longer draw on the HELOC. The remaining balance is repaid monthly with principal and interest like a regular loan. The repayment period is usually 20 years.  

- You may be able to convert a portion or all of the balance taken during the draw period from a variable-rate to a fixed-rate loan.

- A HELOC usually features a low introductory interest rate that can last from one to five years. After this promotional rate ends, the interest rate changes to a variable rate that fluctuates as the benchmark prime rate adjusts plus a margin set by a lender.

HELOC Benefits

Pay interest only on what you borrow.

Low introductory fixed rates for the first 2 to 5 years.

Make lower, interest-only payments for the first 10 years.

Option to lock in a fixed rate on the draw portion.

After the interest-only period, you have up to 20 years to repay the balance. 

Credit lines from $20,000 to $1,000,000. Maximum 85% loan-to-value minus balance of existing mortgage. 

Why Go With Us?

We will guide you from application to loan closing for an exceptional customer experience.

A full appraisal is typically not required, saving time and fees.            

We cover certain closing costs for most Hawaii properties.

Competitive Hawaii heloc rates*

Introductory Fixed Annual Percentage Rate (APR) Terms  Current Variable Rate APR 


2 Years 



3 Years 



4 Years



5 Years


We also offer FIXED-RATE HELOC options. Contact us for the latest rates. 

Ready to Get Started?

Our seasoned mortgage experts can find a Home Equity Line of Credit that fits your situation and meets your financial goals. Reach out to us at 808-566-6611 for a no-cost consultation.  

*Requirements and restrictions apply for appraisal and closing costs waivers, and fixed-rate options on the draw portion. An appraisal may be required for properties whose tax-assessed values cannot be verified, leasehold properties, or properties in poor condition. For Hawaii properties, select closing costs will be waived for owner-occupants, investors, and lines secured by a second home.  

All mortgage products, rates, terms and conditions are subject to credit and property approval. This is not a commitment to lend or extend credit. Requirements and restrictions apply. 

The Home Equity Line of Credit Annual Percentage Rate ("APR") will be effective for the first 24, 36, or 48 months (as applicable based on your selection) from the date your new HELOC account is opened ("Introductory Period"). Introductory APR is effective 7/1/2024 - 7/31/2024, HST, for qualifying applications received 7/1/2024 - 7/31/2024, HST. The introductory APR will be valid for 90 days from the application received date to loan signing date. If the loan signing occurs after 90 days from the application received date, the introductory APR will be the introductory APR being offered at the time of loan signing (if one is available). In order to qualify for the introductory APR, you must establish automatic payments from a personal checking or savings account for this home equity line. After the Introductory Period, the APR may vary at any time and will be equal to the U.S. Prime Rate, published in the Money Rates section of The Wall Street Journal, plus a margin that can range from 0.25% - 1.00%, determined by lien position, occupancy, and Combined Loan to Value ratio. The current non-introductory fully indexed variable APR range, as of 6/17/2024, is 8.75% to 9.50%. In no event will the APR be less than 4.50% or more than 19.00% for properties located in the State of Hawaii. There is a $100 annual fee. Payments to third parties for certain fees, which generally total between $0 and $6,000 for Hawaii may be required at closing. Any existing junior liens must be paid off and may be paid by an initial draw from the new line of credit. Property that will secure your home equity account must be located in the State of Hawaii. You must also maintain fire, hurricane, and flood (if in a flood hazard zone) insurance on the property that secures the HELOC account in Hawaii. If you have an existing HELOC account, it will not be eligible for this introductory APR, unless (1) your account has been paid off and closed at least 6 months prior to submitting a new application, or (2) your existing HELOC’s Draw Period is scheduled to end within the next 12 months and a new application is submitted. Certain requirements and restrictions may apply. Subject to change. 

The variable rate APR is equal to the U.S. Prime Rate, published in the Money Rates section of The Wall Street Journal (“Index”), plus a margin that can range from 0.00% - 1.75%, determined by lien position, occupancy, and Combined Loan to Value ratio. In no event will the variable APR be less than 4.50% or more than 19.00%.  

Waived closing costs include $125 mortgage documentation fee, $75 trust review fee, and $75 condominium review fee, as applicable. If escrow is required, we will provide a credit of up to $175 to offset escrow fees related to paying off existing liens. Payments to third parties for certain fees, which generally total between $0 and $6,000 may be required at closing, and are not waived as part of this offer.