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City and County of Honolulu's Department of Community Services is now accepting pre-eligibility inquiries for home loans up to $40,000. Families earning up to 80% of Honolulu’s area median income can qualify. Loans will be awarded on a first-come, first-served basis to qualified Oʻahu residents. Step 1 – If you appear eligible, the lender will be asked to list the City's Down Payment loan of $40,000 (or less) as "subordinate financing" on your Uniform Residental Loan Application (commonly referred to as a Fannie Mae Form 1003 or Freddie Mac Form 65). Step 2 – After initial loan approval from your first mortgage lender, the lender will be asked to submit electronic copies of your loan application and supporting documents to the City. The City will use copies of the lender's finalized loan forms and supporting documentation to approve the Down Payment loan.