Honolulu homeowners dealing with termite damage, a leaking roof, or outdated electrical wiring may be able to get it fixed without paying a cent in interest — thanks to a city loan program that quietly offers significant help.
The City and County of Honolulu’s Rehabilitation Loan Program brochure details 0% interest loans of up to $300,000 for income-qualified owner-occupants. Larger amounts can be considered case-by-case, depending on the equity in your home.
The income thresholds are broader than many residents might expect. A single person earning up to $86,250 per year qualifies, while a household of four can earn up to $123,200. A ten-person household qualifies with income up to $182,336…