Land loans let you secure your ideal property in the competitive Hawaiian housing market.
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JD MORTGAGE® connects you with lenders who want to help you purchase land. We find the lenders that offer terms specially tailored to your goals, whether it’s building your dream home or some other business, agricultural or recreational purpose.
Offered exclusively through Biglaw Investor, we make it incredibly simple to find the best loan for your land financing needs.
I’m an associate at a firm in Houston and used JD Mortgage thanks to your advice! The experience was great—they were super fast and responsive.” —Mary Kate Raffetto Beck Redden LLP
For a JD Mortgage, I had good luck with IBERIABank. [They] made this process very smooth.” —Clint Cowan Lynn Pinker Hurst & Schwegmann
You don’t need to tell people what’s amazing about living in Hawaii. This island state is self-evidently one of the loveliest places on earth. Many have established unique lifestyles in Hawaii, taking advantage of the locale’s lush beauty and rich culture.
Hawaii is a bit bigger than one might think, and includes 6,422 square miles according to the U.S. Census. Much of that land is highly coveted space, however, especially along the coastline.
For that reason and more, many Hawaiians are taking a new approach to finding a home by taking out land loans. A lot loan can help you find a plot of land that you can then build a home on when you’re ready. This can provide an easier way to afford a home in Hawaii for many. The land you finance through a land loan can also eventually serve as collateral for a Hawaii construction loan.
Land loans are a different approach to home ownership, especially when compared to a traditional mortgage. Here are a few things to keep in mind when applying for a lot loan in Hawaii:
If you’re in the market to purchase land in Hawaii, consider these land loan lenders that are available for projects in the state.
HFS Federal Credit Union has over 80 years of experience providing financial resources to those living in Hawaii. It is the largest credit union on the island, with over 50,000 members and $500 million in assets spread across 6 branches. HFS FCU offers vacant land loans for the purchase of land.
To get you the best information, we contacted HFS Federal Credit Union for more details on their land loans and here are the key features and terms:
When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.
First Hawaiian Bank, the oldest and largest in the state, was founded in 1858. Today, it has 46 branch locations throughout Hawaii, as well as locations in Guam and Saipan. The organization offers competitive interest rates for land loans as well as allows for refinancing land loans into construction loans.
We reached out to First Hawaiian Bank to discuss land loan details, which you can read about below:
When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.
With roots going back to 1925, American Savings Bank offers a range of financial services, including vacant land loans. Currently ranked as Hawaii’s third-largest financial institution with assets of $6.7 billion, American Savings Bank is a major player when it comes to offering construction and land loans in the state of Hawaii.
We asked American Savings Bank for more details on their vacant land loan product and here is what they said:
Vacant Land Loan
When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.
Hawaii Community Federal Credit Union is a member-owned location developed in 1936 by 10 coffee farmers. They continue to be the only credit union founded by farmers cultivating a unique crop (Kona coffee). Among its offerings are vacant land and construction loans on Hawaii Island, including owner-operated and investments.
We reached out to Hawaii Community Federal Credit Union to discuss land loan details, which you can read about below:
When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.
Hawaii Mortgage Company has served the people of Hawaii since 2000 and currently has over $2 billion in loans. Among its offerings are vacant land loans with fixed rates and interest-only payment options of up to $1 million for up to three years in length for residential property development.
We reached out to Hawaii Mortgage Company to discuss land loan details, which you can read about below:
When you’re ready to connect with a loan officer, use our form to quickly match with land and lot loan programs based on your specific circumstances.
Obtaining a land loan in Hawaii has some advantages and disadvantages. A land loan enables a borrower to purchase land and construct a custom home. Lenders are more inclined to approve a loan if you plan to build a house because the house will add value to the bank’s collateral. There is no rush to begin construction after obtaining a land loan, and the funds are released directly to purchase the land. Compare your terms with a line of credit or personal loans to make sure the terms are best aligned with your needs. Whether you’re on the Big Island in Hilo, in Oahu on Honolulu, or somewhere else in Hawaii, you do have financing options.
Obtaining a land loan in Hawaii necessitates some planning ahead of time. Borrowers must find the right lender and compare the details of various lending programs offered by various banks. Borrowers also need to know that these loans can come with higher interest rates and plan accordingly when vetting their finances for the future build. Buying real estate is an exciting prospect, especially if you can build your dream home on a beautiful piece of land in Hawaii.
Of course, you should do plenty of research in advance to verify this is the right fit for you, so that you know upfront about any down payment, monthly payments, competitive rates, and any home loan alternatives that you might be able to turn to. If you discover that the best way to get your new home, however, is bypassing mortgage loans and mortgage rates and instead turning to a land loan, you want to find a lender with experience in this field.
If you want to find the best land and lot loans in other states, click on your state below.
Joshua Holt is a licensed mortgage loan originator (NMLS #2306824) and founder of Biglaw Investor. His mortgage expertise lies in the areas of professional mortgage loans, particularly for lawyers, doctors and other high-income professionals. Prior to Biglaw Investor, Josh practiced private equity mergers & acquisition law for one of the largest law firms in the country.
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