The SAFE Act

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act), is a federal law that requires the licensure of mortgage loan originators according to national standards and participation in the Nationwide Mortgage Licensing System and Registry (NMLS). These standards are designed to enhance customer protection by providing greater uniformity and transparency in the mortgage industry. For a complete listing of Hawaii National Bank mortgage loan officers and their national mortgage license number, click here. Residential Mortgage Loan Packet.

1. Terms and Conditions for the Special HELOC Offer
0.98% introductory Annual Percentage Rate (APR) will be effective for the first 24 months, 1.68% introductory APR will be effective for the first 36 months or 2.28% introductory APR will be effective for the first 48 months from the date your Hawaii National Bank Home Equity Line is opened, subject to change or discontinuation without notice. The 24 and 36 month introductory APR is available on both the Interest only or Principal and Interest Payment Plan. The 48 month introductory APR is only available on the Principal and Interest Payment Plan. After the introductory period, the rates are variable. The rate will be based on an index plus a margin and may vary quarterly. The index rate used is the average 13-week Treasury Bill, rounded to the nearest one-hundredth of a percent. The margin applied is determined by your credit score and repayment terms you select at the time your account is opened. The non-introductory fully indexed variable APR as of 1/3/22 was 3.80% to 4.30%. Upon the expiration of your introductory rate; the APR will be adjusted on the 1st business day of every January, April, July, and October, but will not exceed 24.00%. Approval for this home equity line offer requires you to meet our credit criteria, income ratios and loan to value guidelines. Minimum credit line is $10,000. Maximum loan to value is 75%. Property must be 1 - 4 family owner occupied and applicable flood, hurricane, and property insurance is required. A participation fee of $50 will be charged annually. The participation fee will be reduced by: a) $25 annually if you choose to enroll in Automatic Payments for your credit line account; and/or b) by $25 if you elect to receive electronic statements for your credit line account. The reduced fee will be reversed if you do not remain enrolled in Automatic Payments and/or elect to receive printed statements at any time throughout the entire year. Offer only valid for applications received for new lines of credit - no refinances. Additional terms and conditions may apply. $500 early termination fee if HELOC is closed within 3 years of origination and within 4 years of origination for a 4 year fixed loan. Offer subject to change or discontinuation at any time without notice.

2. First Time Home Buyer Promotion
This offer is applicable for first time home purchase transactions financed through Hawaii National Bank through December 31, 2021. Automatic payment from a new or existing Hawaii National Bank checking account is required and must be established at mortgage closing. If a borrower opts out of automatic payment or if a Hawaii National Bank checking account is not established at loan closing, this offer will not apply. Offer good for owner-occupant, 1-4 unit single-family dwellings and condominiums only. An individual will be considered a first time home buyer if they (1) are purchasing the subject property; (2) will reside in the subject property as a principal residence; and (3) had no ownership interest (sole or joint) in a residential property during the three years preceding the date of the purchase of the subject property. Offer valid for Hawaii properties only. Subject to applicant satisfactorily meeting loan underwriting requirements. Offer subject to change or discontinuation at any time without notice.