Hawaii Home Equity Loan & HELOC Rates Today for November 2026
Brian McKay
Brian McKay
Founder & Data Architect- Automated Online Rate Data Aggregation
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Current Hawaii home equity rates today start at 5.125% for a home equity loan and 5.00% for a HELOC, compared with Hawaii averages of 7.094% and 7.13%. Hawaii home equity loan and HELOC rates range from 5.00% to 11.00%, verified by MonitorBankRates as of November 8, 2026. Current home equity line of credit (HELOC) rates in Hawaii include Hawaii Schools Federal Credit UnionHawaii Schools Federal Credit Union233 Vineyard St, Honolulu, HI, 96813 2446A+5.0 ★Texas Ratio: 0.39%Rate verified Nov 7, 2026 offering Home Equity Line of Credit - 1-Year Rate Fixed at 5.00%, University of Hawaii Federal Credit UnionUniversity of Hawaii Federal Credit Union2019 S King St, Honolulu, HI, 96707 1878A+5.0 ★Texas Ratio: 1.05%Rate verified Nov 7, 2026 offering Home Equity (HELOC) at 5.25%, Pearl Hawaii Federal Credit UnionPearl Hawaii Federal Credit Union1288 Ala Moana Blvd Ste 106, Ewa Beach, HI, 96706 2268A+5.0 ★Texas Ratio: 1.89%Rate verified Nov 7, 2026 offering 20 Year Second Mortgage Owner Occupied at 5.125%, Maui Teachers Federal Credit UnionMaui Teachers Federal Credit Union2145 Wells St Ste 101, Wailuku, HI, 96793A+5.0 ★Texas Ratio: 0.00%Rate verified Nov 7, 2026 offering Home Equity HELOC Fixed Rate at 5.50%, and Ko`olau Federal Credit UnionKo`olau Federal Credit Union151 HEKILI ST STE 101, KAILUA, HI, 96734A+5.0 ★Texas Ratio: 0.28%Rate verified Nov 7, 2026 offering Home Equity Line of Credit at 5.50%. Home equity and HELOC rates as of November 8, 2026 according to verified data from MonitorBankRates. Use the tabs below to compare home equity loans and HELOCs side by side. Rates are continually updated, we recommend checking back frequently.
Rates reflect actual verified offers from lenders actively serving Hawaii borrowers. Your final approved rate will depend on your credit profile, the equity in your home, your combined loan-to-value ratio, and daily market movements. Last Updated and Verified: November 8, 2026
Compare Home Equity & HELOC Rates Today in Hawaii
Hawaii Home Equity Loan Rates
No additional details available.
No additional details available.
Current Rate (Adjusted April 1, 2026); APR is based on creditworthiness and term of loan
No additional details available.
No additional details available.
LTV: Up to 80.00%; Monthly P&I:; Rates effective as of 11/01/2026
- Nov 2, 20266.83%▲ from 6.58%
- Oct 12, 20266.58%first recorded
LTV: Up to 80.00%; Monthly P&I:; Rates effective as of 11/01/2026
- Nov 2, 20266.88%▲ from 6.63%
- Oct 12, 20266.63%first recorded
LTV: Up to 80.00%; Monthly P&I:; Rates effective as of 11/01/2026
- Nov 2, 20266.96%▲ from 6.71%
- Oct 12, 20266.71%first recorded
As Low As; Today's Rates section; APR
- Sep 18, 20267.00%▲ from 6.75%
- Sep 14, 20266.75%first recorded
As Low As; Rate shown for 5-year term; assumes 750 FICO, primary residence, 70% maximum HLTV; no closing costs; no application or origination fee; loan amount $10,000 - $500,000; terms 5-, 10-, 15-, 20-year
Amount up to $500,000; Fixed Rate
LTV: From 80.01% - 100.00%; Monthly P&I:; Rates effective as of 11/01/2026
- Nov 2, 20267.59%▲ from 6.58%
- Oct 12, 20266.58%first recorded
Amount up to $500,000; Fixed Rate
LTV: From 80.01% - 100.00%; Monthly P&I:; Rates effective as of 11/01/2026
- Nov 2, 20267.64%▲ from 6.63%
- Oct 12, 20266.63%first recorded
As Low As; Max Loan Amount: $500,000; Footnote [16]; Rates subject to change
Hawaii HELOC Rates
Loan-To-Value 80%; Rate fixed for 1-Year
Loan-To-Value 80%; Rate fixed for 3-Year
Fixed/2 Years; Up to 80 loan-to-value, owner-occupied
- Oct 23, 20265.25%▼ from 7.25%
- Sep 17, 20267.25%first recorded
Loan-To-Value 80%; Rate fixed for 5-Year
No additional details available.
Fixed for first 3 years, variable rate thereafter (WSJ Prime + margin); requires minimum $10,000.00 draw at closing
- Oct 12, 20265.50%▼ from 7.00%
- Oct 4, 20267.00%▲ from 5.50%
- Sep 17, 20265.50%first recorded
Fixed/3 Years; Up to 80 loan-to-value, owner-occupied
- Oct 23, 20265.50%▼ from 7.25%
- Sep 17, 20267.25%first recorded
Fixed/5 Years; Up to 80 loan-to-value, owner-occupied
- Oct 23, 20265.75%▼ from 7.25%
- Sep 17, 20267.25%first recorded
Variable Rate APR; Type: Owner/Occupant; Variable interest rate adjusts annually on the 1st of each July; Rates effective as of 07/01/2025
Introductory rate fixed for 5 years, adjusted annually thereafter; after initial term APR based on 6-month US Treasury Bill constant maturity rate plus 3% margin (CLTV 80% or less, rounded up to nearest 0.125%); price floor 5.000%, max rate 18%; No prepayment penalty; Certain restrictions apply
As Low As; Initial fixed rate; Current Variable Rate (APR): 9.000%; Index plus margin after initial fixed term (Prime Rate, WSJ); Effective November 1, 2026; LTV up to 75%; HawaiiUSA membership required
Loan-To-Value 80%
- Oct 23, 20266.50%▼ from 7.50%
- Oct 8, 20267.50%first recorded
As Low As; Based on an A-Tier rate of $10,000; Annual Adjustable Rate applicable 4/1/2026 through 3/31/2027; Max Loan Amount up to $400,000; Max Loan to Value up to 80%; $100.00 payments for 144 months and one final estimated payment of $40.27
Variable APR for Premium program based on current index and margin as of 11/2/26; credit lines from $400,001 to $3,000,000; minimum net worth $3 million; minimum credit score 725; APR floor 4.50%
- Nov 6, 20266.55%▲ from 6.38%
- Oct 21, 20266.38%first recorded
As Low As; 90% maximum loan-to-value; APR varies with Prime Rate plus a margin; Wailuku FCU membership required
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Hawaii Home Equity Snapshot
Local housing and income figures that shape how much equity Hawaii homeowners can borrow against. Source: U.S. Census Bureau & FHFA.
Equity and borrowable estimates are illustrative, based on a typical owner who has paid the original mortgage down to roughly 65% of current value and an 85% combined loan-to-value ceiling. Your actual figures depend on your remaining mortgage balance, credit profile, and lender underwriting.
How Much Can You Borrow in Hawaii?
Your borrowing limit on a home equity loan or HELOC is set by your combined loan-to-value ratio (CLTV), the total of your first mortgage plus the new loan, divided by your home's appraised value. Most lenders cap CLTV at 80 to 85%. Using the statewide median home value of $839,100, here is roughly what an 85% CLTV ceiling allows at three stages of mortgage payoff:
| Mortgage Stage | Still Owed | Equity Held | Est. You Could Borrow |
|---|---|---|---|
| Earlier in repayment | $587,370 | $251,730 | $125,865 |
| Roughly halfway through | $461,505 | $377,595 | $251,730 |
| Well into repayment | $335,640 | $503,460 | $377,595 |
The further along you are in paying down your first mortgage, the more equity sits available to borrow against. Lenders will also weigh your credit score, debt-to-income ratio, and income , the statewide median household income is $100,389, before issuing a final offer.
Illustrative estimates only, based on an 85% CLTV ceiling and the Census median home value for this area. Actual limits vary by lender (some allow up to 90% CLTV), by your home's appraised value, and by your credit profile. This is not a loan offer or a guarantee of approval.
Hawaii Home Equity Rate Trends
Compare local Hawaii home equity quotes against the statewide average
Daily HELOC and home equity loan averages tracked across our database of verified rate quotes, updated every evening.
Hawaii HELOC rates rose 0.023 points over the past 7 days to 7.130%.
Hawaii home equity loan rates rose 0.008 points over the past 7 days to 7.094%.
Hawaii Home Equity Rate Forecast, Next 12 Months
Where are Hawaii HELOC and home equity loan rates headed through November 2027?
HELOC trajectory based on prime rate path (prime = fed funds + 3.0%). Home equity loan trajectory based on Fed funds futures and 10-year Treasury path. Not financial advice.
What Forecast Rates Mean for Hawaii Borrowers
Monthly cost on $50,000 borrowed. HELOC shown as interest-only payment (typical during 10-year draw period). Home equity loan shown as fully amortizing principal & interest on a 15-year term.
| Scenario | HELOC Rate | HELOC Mo. Interest | HE Loan Rate | HE Loan Mo. P&I |
|---|---|---|---|---|
| Today (HI avg) | 7.130% | $297 | 7.094% | $452 |
| 6-Month Forecast | 7.130% | $297 | 7.094% | $452 |
| 12-Month Forecast | 6.880% (6.63, 7.08%) | $287 (-$10) | 6.694% (6.34, 6.99%) | $441 (-$11) |
Green (−) = lower monthly cost vs today. Red (+) = higher monthly cost. HELOC cost reflects variable-rate exposure: when prime drops, HELOC costs drop within one billing cycle. Locking a fixed home equity loan now insulates against further rate increases but forfeits the savings if rates fall.
How Home Equity Lending Works in Hawaii
Hawaii Equity Math
According to the U.S. Census Bureau, the median owner-occupied home value in Hawaii is approximately $839,100. A homeowner who owes 60% of their original mortgage on a median-valued home would have roughly $335,640 in available equity. At a typical 85% CLTV limit, that means they could potentially borrow up to $209,775 via a HELOC or home equity loan, depending on credit profile and lender underwriting standards.
Home Equity Loan vs HELOC, Quick Comparison
| Feature | Home Equity Loan | HELOC |
|---|---|---|
| Rate Type | Fixed for life of loan | Variable (prime + margin) |
| Payout | Lump sum at closing | Draw as needed, up to limit |
| Term | 5-30 years | 10-yr draw + 20-yr repay (typical) |
| Payment | Fixed P&I from month one | Interest-only during draw (usually) |
| Closing Costs | Typically 2-5% of loan | Often $0 (promos common) |
| Best For | Specific large expense, payment certainty | Ongoing access, flexible borrowing |
Want a deeper breakdown? Read our full guide: Home Equity Loan vs HELOC, Key Differences, Pros and Cons
Hawaii Home Equity Loan and HELOC Rules
Hawaii does not add its own loan to value cap, fee cap, or waiting period for home equity loans and HELOCs, so the federal rules below set the baseline and individual lenders set their own limits, most commonly 80 to 90 percent combined loan to value. Hawaii licenses mortgage servicers and nonbank lenders under HRS chapter 454F but does not cap LTV or impose special HELOC limits. The state rules that still matter for a Hawaii borrower cover prepayment penalties, how a foreclosure works, taxes at closing, and who handles the closing.
Prepayment penalties
No general statutory ban for bank loans; nondepository financial services loan companies must allow prepayment under HRS 412:10-406, and federal qualified mortgage rules otherwise govern.
Foreclosure process
Both (judicial typical). Judicial foreclosures dominate in practice and commonly take a year or more from default to sale; a nonjudicial power of sale foreclosure requires at least a 60 day cure period after the notice of default and the sale cannot happen sooner than 14 days after the last published notice.
Deficiency after foreclosure
Allowed after a judicial foreclosure, but a deficiency judgment is barred after a nonjudicial foreclosure of owner occupied residential property unless the loan is secured by additional collateral (HRS 667-38).
Redemption after a sale
None
Taxes and recording costs
State conveyance tax paid by the seller on a sliding scale from $0.10 per $100 (under $600,000) up to $1.00 per $100 (over $10 million) for buyers who will claim a homeowner exemption, and $0.15 to $1.25 per $100 for other buyers; no mortgage recording tax. A 2026 bill to move to marginal rates (SB 3028) died in conference.
Who handles the closing
No attorney is required at closing in Hawaii; title or escrow companies usually handle it.
Other things to know
Owner occupants in a nonjudicial foreclosure can convert the case to a judicial foreclosure and may reinstate up to three business days before the sale; many properties are leasehold, which lenders underwrite differently; homestead protection in bankruptcy is modest at $20,000, or $30,000 for a head of family or a person 65 or older (HRS 651-92).
Federal rules that apply to every home equity loan and HELOC
Home equity loans and HELOCs secured by your main home carry federal protections on top of anything your state adds. For a HELOC, the lender must give you the HELOC disclosure and the CFPB home equity brochure when you apply and cannot charge a nonrefundable fee until three business days later; the rate must follow a public index the lender does not control, and the lender can freeze or cut the line only for specific reasons such as a significant drop in the home's value or a material change in your finances. For both home equity loans and HELOCs you have until midnight of the third business day after closing to cancel for any reason and get your fees back. A loan is a high cost mortgage under HOEPA if its APR is more than 6.5 percentage points above the average prime offer rate for a first lien (8.5 points for a second lien) or if points and fees exceed 5 percent; high cost loans require counseling and cannot carry balloon payments or prepayment penalties. Since 2018, interest on a home equity loan or HELOC is deductible only if the money is used to buy, build, or substantially improve the home that secures it, and only within the $750,000 total acquisition debt cap. Flood insurance is required on any home equity loan or HELOC from a federally regulated lender if the home sits in a FEMA flood hazard area.
Sources
- Nolo: Hawaii Foreclosure Process, Laws and Homeowner Rights
- Hawaii Revised Statutes 667-41
- Tax Foundation of Hawaii: Conveyance Tax (Chapter 247)
- LegiScan: Hawaii SB3028 (2026) status
- HRS 412:10-406 Prepayment of loan
- HRS 651-92 Real property exempt (Hawaii Legislature)
- CFPB: Right of rescission
- Regulation Z section 1026.40 (HELOC rules)
- Regulation Z section 1026.32 (HOEPA)
- Federal Register: 2026 Regulation Z threshold adjustments
- IRS Publication 936, Home Mortgage Interest Deduction
- FHFA 2026 conforming loan limits
- CFPB: Servicemembers Civil Relief Act
- 12 CFR Part 339 (flood insurance)
Hawaii Home Equity Loan Calculator
Estimate how much you could borrow against your home, and what the monthly payment on a fixed-rate home equity loan would look like. The home value below is prefilled with the local median from the U.S. Census Bureau — change it to your own home's value, and adjust any other field to see the numbers update.
1. How Much Can You Borrow?
2. Estimated Monthly Payment
Defaults to your estimated borrowing limit — edit to model a smaller loan.
Estimates only. Borrowing power assumes lenders allow up to the selected combined loan-to-value ratio; actual limits, rates, and approval depend on your credit profile, income, and the lender's underwriting. The payment figure is for a fixed-rate home equity loan with standard amortization — HELOC payments are typically interest-only during the draw period and vary with the prime rate, so they are not modeled here. This is not a loan offer.
Methodology & Data Sources
Independent, Free, and Unbiased Rate Comparisons: MonitorBankRates.com is an independent rate comparison service. Our Hawaii home equity loan and HELOC rate tables are free for consumers to use, and we do not receive payment from any lender to be included or to be ranked in any particular order. Listings are based solely on the rates each lender publicly advertises on its own website.
A Note on Third-Party Rate Tools: Some pages on our site also feature rate comparison widgets and tools provided by third-party partners, including the iCanBuy home equity offers widget shown above. These tools may include sponsored listings or affiliate links, and we may receive compensation when users click through them. We clearly label these widgets so you can tell at a glance which rates come from our independent MonitorBankRates.com tables and which come from our advertising partners.
Direct-Sourced & Verified Home Equity Rate Data: We aggregate home equity loan and HELOC rates for Hawaii directly from the official websites of local lenders, credit unions, and national institutions using our proprietary rate aggregation technology and a dedicated team of rate updaters. Every rate displayed is highly accurate and trustworthy.
Local, Regional, and National Coverage: Our systems constantly monitor the market to provide a complete picture of available home equity products in Hawaii. We feature a comprehensive mix of licensed NMLS financial institutions, from neighborhood credit unions and competitive regional banks to large national lenders accepting applications from Hawaii borrowers.
Local-First Sorting: Rate tables on city pages list institutions with physical branches in the city first, followed by statewide institutions, then national lenders, regardless of APR. This intentional ordering helps homeowners find lenders they can walk into for an in-person closing, since home equity products often involve appraisal, notarization, and other steps that benefit from a local relationship.
Daily Updates & Time-Stamped Accuracy: Our rate updaters verify and update home equity rates daily. Because HELOC rates move with the prime rate and the broader market, every product features its own “last updated” date for full transparency.
Proprietary Lender Health & Safety Grades: Beyond tracking rates, MonitorBankRates evaluates the financial stability of every listed institution. Our Health Grades (A+ to F) and Star Ratings are composite metrics calculated using objective regulatory data, including the Texas Ratio, ensuring you compare rates from secure, reliable lenders.
Home Equity Product Information
Home Equity Basics
Home equity is the share of a property the owner truly owns: the home's current market value minus the balance still owed on the mortgage. For a Hawaii homeowner, it grows as the mortgage is paid down and as the property appreciates. Lenders let homeowners borrow against this equity, using the home as collateral, which is why home equity products generally carry lower rates than credit cards or unsecured personal loans.
Home Equity Loan vs. HELOC
A home equity loan advances a lump sum at a fixed rate, repaid in equal installments over a set term, useful for a one-time expense with a known cost. For example, Pearl Hawaii Federal Credit Union is listing its 20 Year Second Mortgage Owner Occupied at 5.125%. A home equity line of credit (HELOC) works more like a credit card: a revolving credit limit the borrower can draw from as needed during a draw period, usually at a variable rate. On the line-of-credit side, Hawaii Schools Federal Credit Union is listing its Home Equity Line of Credit - 1-Year Rate Fixed at 5.00%. For Hawaii borrowers, a loan offers payment certainty, while a HELOC offers flexibility for ongoing or uncertain costs.
How Much You Can Borrow
Most lenders allow borrowing up to a combined loan-to-value ratio of 80 to 85 percent, meaning the mortgage balance plus the new home equity debt cannot exceed that share of the home's value. For a Hawaii homeowner, the exact amount available also depends on credit score, income, and the lender's policies. Because the borrowing limit is tied to current value, an appraisal is typically part of the approval process.
How Home Equity Rates Are Set
HELOC rates are usually variable and tied to the prime rate, so they move when the Federal Reserve changes short-term rates, while home equity loan rates are typically fixed and priced off longer-term benchmarks. On top of that market baseline, the rate a Hawaii borrower receives reflects credit score, combined loan-to-value ratio, and loan amount, so stronger credit and more equity generally earn a lower rate. A borrower’s final rate is set once an application is underwritten.
Risks to Weigh
Because the home secures the debt, falling behind on payments can ultimately put the property at risk, so home equity borrowing is best reserved for purposes that preserve or build value, such as renovations or consolidating higher-rate debt. For Hawaii borrowers, variable-rate HELOCs also carry the risk that payments rise if rates climb, and some lines shift from interest-only payments to full repayment after the draw period ends. Understanding the repayment structure before borrowing helps avoid payment shock later.
Frequently Asked Questions about Home Equity & HELOC Rates in Hawaii
What are home equity rates in Hawaii today?
What is the difference between a home equity loan and a HELOC in Hawaii?
How much equity do I need to qualify for a HELOC or home equity loan?
What credit score do I need for a home equity loan in Hawaii?
Are HELOC interest payments tax-deductible?
What is the current prime rate and how does it affect my HELOC?
What is a HELOC draw period?
Can I use a home equity loan or HELOC for debt consolidation?
Are there closing costs on a home equity loan or HELOC?
Should I get a HELOC or a home equity loan?
Can I refinance my HELOC into a fixed-rate home equity loan in Hawaii?
How do I compare home equity and HELOC lenders in Hawaii?
How do I get home equity loan and HELOC quotes in Hawaii?
How much equity could a homeowner in Hawaii have?
What is a typical home equity loan amount in Hawaii?
Can households in Hawaii afford a home equity loan payment?
How do property taxes in Hawaii affect home equity borrowing?
What percentage of homeowners in Hawaii have a mortgage they could tap for equity?
Are there special rules for home equity loans and HELOCs in Hawaii?
Can I cancel a home equity loan or HELOC after closing in Hawaii?
Can a Hawaii lender charge a prepayment penalty on a home equity loan?
What are the best home equity rates in Hawaii?
- Hawaii Schools Federal Credit Union: 5.00% (Home Equity Line of Credit - 1-Year Rate Fixed)
- University of Hawaii Federal Credit Union: 5.25% (Home Equity (HELOC))
- Pearl Hawaii Federal Credit Union: 5.125% (20 Year Second Mortgage Owner Occupied)
- Maui Teachers Federal Credit Union: 5.50% (Home Equity HELOC Fixed Rate)
- Ko`olau Federal Credit Union: 5.50% (Home Equity Line of Credit)
