HI HB926

Eliminates down payment requirements for eligible Hawaii residents purchasing their first home, allowing mortgages up to 100 percent of the property acquisition cost.

Establishes eligibility criteria including minimum credit score of 620, current bona fide Hawaii residency for at least 5 consecutive years, and first-time home buyer status.

Requires the property to serve as the mortgagor's principal residence and prohibits previous participation in this mortgage program.

Applies to taxable years beginning after December 31, 2023.