Investment property loans that qualify on rent.
In Hawaii, a DSCR loan finances a rental on the strength of its rent instead of your tax returns. HUD puts the 2 bedroom Fair Market Rent for the Honolulu metro at $2,542 a month (HUD User). Pillar Mortgage Group (NMLS 2700076) arranges DSCR loans in Hawaii up to $5 million.
Facts checked November 1, 2026. Not a commitment to lend.
DSCR loans by state
We lend DSCR in 35 states. Pick yours.
Pulled from state statutes, state agencies, the Census Bureau and FRED. Each row links to its source.
| Hawaii fact | Value | Source |
|---|---|---|
| Security instrument | Mortgage, with power of sale foreclosure available | HRS ch. 667 |
| Foreclosure | Mortgage, with power of sale foreclosure available | HRS ch. 667 |
| Security deposit | One month's rent (plus an optional pet deposit, also capped at one month's rent) | HRS 521-44(b) |
| Notice for unpaid rent | 5 business days | HRS 521-68(a) |
| LLC formation fee | $50 | cca.hawaii.gov |
| Median listing price | $732,450 in September 2026 ($749,500 in September 2025) | Realtor.com via FRED |
| HUD 2 bedroom Fair Market Rent | $2,542, The Honolulu metro | HUD User |
Full walk through: how DSCR is calculated.
What PMG can place for a Hawaii rental, in short.
Loan amount
Up to $5M
Credit
660 and up
Down
20 to 25%
Vesting
LLC ok
Guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend. Compare with typical DSCR programs.
These public benchmarks show where Hawaii rents and prices sit right now.
Median listing price
$732,450
September 2026, down 2.3% from $749,500 in September 2025
Quick math (computed from the figures above): At the Hawaii median listing price of $732,450, 25% down is $183,112 and the loan is $549,338. A year of rent at the Fair Market Rent for the Honolulu metro ($2,542) is $30,504, or 4.2% of that price. A year of rent at the Fair Market Rent for the Kahului metro ($2,656) is $31,872, or 4.4% of that price.
Fair Market Rent is a HUD benchmark, not an appraisal.
The rent field starts at the HUD 2 bedroom Fair Market Rent for the Honolulu metro. HUD also lists the Honolulu metro at $2,542 and the Kahului metro at $2,656. Swap in your lease or appraisal rent, then add your quoted rate. For a price reference, the median Hawaii listing was $732,450 in September 2026.
See how a rental's income stacks up against its full monthly payment. Your numbers stay in your browser.
Enter rent, price and your quoted rate to see your DSCR.
Loan amount (L) = Price × (100 minus Down %) ÷ 100
P&I (30 year fixed) = L × r × (1 + r)^360 ÷ ((1 + r)^360 minus 1), where r = annual rate ÷ 100 ÷ 12
P&I (40 year interest only) = L × r
PITIA = P&I + Tax ÷ 12 + Insurance ÷ 12 + HOA
DSCR = Monthly rent ÷ PITIA
Rent needed for a target DSCR = Target × PITIA
Estimates only. Not a loan offer. Rates and terms vary by lender, property and borrower. Company NMLS #2700076. Example values are illustrations, not a quote.
Hypothetical PITIA of $1,775 (P&I $1,400, taxes $250, insurance $125), real Hawaii rents. Not a quote or a rate.
Tell us about the property and the rent. We will tell you straight whether it qualifies and what it takes.
Investors from any state can buy in Hawaii.
No commitment · Under 2 minutes
We will reach out shortly to run your numbers.
Most Hawaii DSCR deals land in these markets. Check the city rules before you buy.
City rules change. Confirm with the city and your HOA before you buy, and ask us how your lender counts short term rental income.
These Hawaii statutes set the ground rules for every lease you sign on a financed rental.
| Topic | The rule | Citation |
|---|---|---|
| Security deposit cap | One month's rent (plus an optional pet deposit, also capped at one month's rent) | HRS 521-44(b) |
| Security deposit return | 14 days after termination of the rental agreement | HRS 521-44(c) |
| Pay or quit notice | 5 business days | HRS 521-68(a) |
| Month to month termination | Landlord 45 days written notice. Tenant 28 days. 120 days if landlord is demolishing, converting to condo, or converting to transient vacation rental. | HRS 521-71 |
Not legal advice.
Every dollar of tax raises the payment the rent has to cover. Here is how Hawaii assesses and taxes property.
What to expect at the closing table in Hawaii, from the instrument you sign to the taxes on transfer.
What it costs to form and keep an LLC in good standing with the Hawaii Secretary of State.
Check each of these on any Hawaii rental you plan to finance.
Documents: contract, lease or rent schedule, bank statements, LLC papers, insurance quote. No tax returns. Details.
Hawaii is highlighted. We also lend DSCR in Alaska, Washington and Arizona next door, and in 30 more states. Tap a gold state to open its guide.
Straight answers for investors buying or refinancing rentals in Hawaii.
PMG guidelines summarized; subject to program terms, property and borrower eligibility. Not a commitment to lend.
Book a free callInvesting across state lines? We lend DSCR in these neighbors of Hawaii too.
Primary sources, each with the date checked. PMG program facts come from Pillar Mortgage Group.
Send the Hawaii property and rent. We run the ratio and lay out terms before you offer.
No commitment · Under 2 minutes
We will reach out shortly to run your numbers.
Pillar Mortgage Group, LLC is an Equal Housing Lender, doing business in accordance with the Fair Housing Act and Equal Credit Opportunity Act. Not a commitment to lend.
Company NMLS# 2700076 | Arizona License MB-2009671 | View NMLS Consumer Access