Dec. 11, 2020

Kakaako/Ala Moana - Market Update December 2020

What does a new record for O’ahu median home price mean for buyers and sellers?

It’s an interesting time in Oahu Real Estate. This November on Oahu there were 29% fewer homes for sale than last November. However, with interest rates what they are now, there are the same if not more interested buyers than ever. 

This means more buyers are competing to purchase with fewer homes for sale. And the numbers show it: On average homes are selling for 99.5% of what they are listed for. Also, the median home price just hit a new high of $872,500.

Is this encouraging, or depressing?

Here’s why we think this is encouraging news for selling their home AND people looking to buy one.

First: it confirms that there is tremendous value in our market regardless of uncertain times. And value is good for both parties to a transaction. 

Second: it makes pricing clearer and more predictable. It’s reasonable for sellers and buyers to be more certain about what a house will cost after all is said and done. Let’s face it, negotiating can be stressful. 

With less wiggle room in prices (due to the market forces mentioned above) you pretty much know what you’re getting into from the beginning. This can free up energy to think  more clearly about what you want and if the offer you’re considering is right for you.

Here’s what we recommend: Don’t let the numbers stress you. If you’re selling, it is very likely you will get top value for you sale. If you are buying, Oahu Real Estate continues to be a top value purchase. 

If you’re ready to sell, the market is favorable. If you’re ready to buy, identify what you can afford and work with a professional to help you find the best opportunity.

In either case, we are happy to help. Let us know, and give us a call, when you’re ready to take advantage of these extraordinary times.

Market Snapshot

Are you looking to purchase? Here are some of our recommended listings with great value for this month:

Ala Moana Tower #306 @ $388,000

  • 2 bed/ 2 bath /1 Parking
  • 854 Total SF
  • Fee Simple

1617 Kapiolani Blvd #306, Honolulu HI 96814



Click Here To See Listing


Summer Palace #606 @ $461,000

  • 1 bed/ 1 bath /1 Parking
  • 542 Total SF
  • Fee Simple

1848 Kahakai Drive Unit 606, Honolulu HI 96814

Click Here To See Listing


801 South South #3012 @ $565,000

  • 1 bed/ 1 bath /1 Parking
  • 576 Total SF
  • Fee Simple

801 South Street #3012, Honolulu HI 96813


Click Here To See Listing

Are You Considering Purchasing? 

Learn all about the purchasing process with our free Condo Kakaako Buyer's Manual. 


Posted in Buyer's Guide
March 12, 2020

Lowest Mortgage Rates in Nearly 50 Years


Home Financing Low Mortgage Rates


Arguably the most important factor in purchasing a home outside of the list price is the mortgage rate which your selected lender will approve you for. Many factors come into to play when looking at your final mortgage rate such as down payment, credit score, and lending rates in the market. However, as of March 2020 mortgage rates have taken a serious dip which means potential savings for those who are seeking to make a home purchase.


CNN Business news had the following quote: The average 30-year fixed-rate mortgage fell to a record 3.29% this past week, according to Freddie Mac, the lowest level in nearly 50 years of its survey. The 15-year fixed-rate mortgage dropped to 2.79%. 


The Federal Reserve announced an emergency rate cut, which slashed the benchmark interest rate range down to 1% to 1.25%. That cut, along with a rock-bottom 10-year Treasury yield and continued coronavirus fears, means mortgage rates could be poised to head even lower. 


“It’s definitely a good time for someone looking to buy a home to get financing,” said Mark Hamrick, Senior economic analyst for Bankrate. “Home prices have risen, and it is rough for those looking for a bargain, but the financing has gotten better.”


If you are considering a home purchase, let us know. The first step is to get a free pre-qualification with a lender who will let you know what loan amount you can qualify for and at what rate. Taking the first step is simple and easy.


Call/text (808) 721-3747 or email us today to get things started. 



Posted in Buyer's Guide
Jan. 27, 2020

Kakaako/Ala Moana - Market Update January 2020

This month kicks off a brand new decade and we are excited for whats in store for the Ala Moana/Kakaako neighborhoods. Homeownership is a goal that many of us want to achieve and our goal is to help educate prospective buyer's on whats new, available and a good deal in Ala Moana/Kakaako. 

New Development Updates:

The Central Ala Moana - SOLD OUT

(image courtesy of Pacific Business News)

The Central Ala Moana sold its last remaining studio marking a 100% sell out of all of its 513 Market Rate + Affordable Housing Units. Quite an achievement in this day and age! Construction is well under way for a projected 2021 completion. This will be a fantastic addition to the neighborhood and will provide over 300 units to those meeting HHFDC Affordable Housing Guidelines. A great story for Ala Moana.

Ililani - Market Rate Units for Sale

The Ililani project in the SALT side of Kakaako's sales are well underway and new pricing is available for Market Rate residences. We've updated our page (link here) to reflect the new pricing and availability. Don't forget to scope out the new amenity renderings as well. 

The Affordable Housing lottery has yet to take place but we've been informed by the developer that it should be coming within the next few months. We were happy to help support this project with over 15 hopeful buyers put into the program. 

At this time they are no longer accepting applications for the affordable housing lottery but if you are interested in the market rate units, please let us know and we can help you immediately. There are still some 2 bedroom units priced under $700K which is considered a GREAT deal for Kakaako. These are being reserved on a first-come first-serve basis so contact Isaiah at (808) 721-3747 or today.

Resale Market 

There have been 50 closed transactions within the past 30 days in Ala Moana/Kakaako within the resale market. 

The highest priced sale was at Park Lane Ala Moana Unit 7604 at $4,800,000 (

(Park Lane Ala Moana Unit 7604 Living Room)

This 2,065 SF 2 bedroom 2 bathroom unit was originally listed at $5,300,000 in November and went into contract shortly after. It closed in January at a contract price of $4,800,000. Looks like a total of $500K was negotiated off the sticker price, not bad. 

(Moana Pacific East and West Towers)

There was a flurry of activity at Moana Pacific with 8 sales closed in January. We've noticed price drops occur more often in this building so it may be a place to watch out for good deals. The lowest priced 2 bedroom sold for $709,000. To learn more about Moana Pacific, please visit our Condo Guide.

The lowest priced closed sale last month was in Ala Moana at Atkinson Towers. A 1 Bedroom 1 Bath 664 SF unit sold for $340,000. 

(Atkinson Tower)

Interest Rates (as of January 27, 2020)

(courtesy Bank of Hawaii)

Mortgage rates still hover at historic lows which help drive the market. It's important before you start searching for real estate to get prequalified with a lender to see what price category you should shop in. We can help put you in touch with reliable lenders and start you on the real estate journey.

Talk to an agent today

A common misconception of Kakaako/Ala Moana is that there is only new high end condominiums for sale. There is a wide range of inventory at all different price levels. The tricky part is knowing where to look and what is considered a good deal. When we help buyers who are just starting to look at real estate, it's important that we educate them on the real estate market as a whole for the neighborhood, not just project sales. In this way, we are able to help buyers choose which way they want to go and recognize good deals. 

To schedule a free buyer consultation, please feel free to call Isaiah Block (RB-21893) at (808) 721-3747 or email at info@condokakaako. Isaiah works with buyers of all types, from first-time home buyer to luxury homes. We help to get you prequalified, search the market and close on your dream home. 


Posted in In the News
May 16, 2019

Best Deals in Ala Moana/Kakaako - May 2019

Have you been looking for a home Ala Moana-Kakaako but can't quite find something in your range? Take a look at our top value picks for available listings in Ala Moana-Kakaako for May 2019. Click each link to find more info about each listing and check out our mortgage calculator tool to get an estimate of your monthly payments. 

Pacifica Honolulu #2702

  • List Price: $689,000
  • 2 Bed / 2 Bath / 1 Parking
  • Sq Ft Total: 747
  • Maintenance Fee: $634/ month
  • Amenities: BBQ, Exercise Room, Pool, Sauna, 
  • VA Approved, Pet Friendly

Pacifica has always been on our favorites list for Kakaako. Great location, great amenities, great management and reasonable maintenance fees. A 2 bedroom in a newer (2009) building located right next to Ward Village for under $700K is a great value for the area. The only con of this listing is the lack of 2 parking spots and below average square footage. If you don't need a ton of space it's a great buy. 

For more info and pics on this unit, please follow this link:

Keola Lai #1104

  • List Price: $689,000
  • 2 Bed / 2 Bath / 2 Parking
  • Sq Ft Total: 953
  • Maintenance Fee: $868/ month
  • Amenities: BBQ, Exercise Room, Heated Pool, Patio/Deck, Storage
  • VA Approved

This is currently the lowest priced 2 bed/2bath at Keola Lai which is a little over 10 years young. Great location, well managed building, solid amenities and large sized units. The maintenance fee is considered reasonable for the area for all of the amenities which are included. If you are looking for the best overall value in Kakaako this is it.

For more info and pics on this unit, please follow this link:

Atkinson Plaza #1205

  • List Price: $412,000
  • 1 Bed / 1 Bath / 1 Parking
  • Sq Ft Total: 768
  • Maintenance Fee: $747/ month
  • Amenities: BBQ, Sauna, Pool, Patio/Deck, Storage, Tennis Court
  • VA Approved

Ala Moana more your style? Check out Atkinson Plaza for some great deals in a super convenient location. This unit offers an open living space with upgraded bamboo & laminate flooring and a 200 sf lanai to enjoy the Ko'olau views on the cooler side of the building. Although the building is on the older side, it's well managed and also has some sweet rooftop amenities including pool, sauna, bbq and more. The real value is in the location. Literally walking distance to the mall, Ala Moana Beach Park, Waikiki and more. Great pickup for a starter 1 bedroom. 

For more info and pics on this listing, please follow this link:

If you are interested in any of these listings or real estate in Ala Moana-Kakaako in general, please don't hesitate to get in touch with us at

Our team is great at finding and recommending deals at any price range. We can also help get you prequalified for a loan so you know what your purchasing power is.

For immediate questions call or text Isaiah at (808) 721-3747.


Posted in Buyer's Guide
April 5, 2019

Penthouses In Paradise

Oahu Edition

Looking for the most grandiose, opulent, expensive real estate in Honolulu? Look no further. We've gathered a collection of the most expensive penthouses in paradise for your guilty pleasure. All of the following are active listings and waiting for its next millionaire owner to call home.

(All photos are courtesy of the MLS and prices are as of 4/8/19.)

One Waterfront Tower #4502


This 3-story 4,475 sf Kakaako penthouse was sits atop the 45th story of One Waterfront Tower. The 2 bedroom floor plan is customizable and can allow up to 5 bedrooms with 2 full bathrooms and 1 half bath. Features include private elevator entrance, a fully authentic Japanese Tatami Tea room & panoramic 270-degree Diamond Head, Ocean, Harbor & Ko'olau views. Don't forget the multiple entertainment rooms for all your envious friends.

Imperial Plaza #3901


Completely remodeled in 2007, this 2-story penthouse sits on the 39th floor of Imperial Plaza in Kakaako. 3 bedroom, 3 bathrooms, 3 parking stalls and over 3,800 of interior square footage. $4.6M price tag but the seller is open to "any reasonable offer", so get your checkbooks open. 

One Ala Moana #2301


The 23rd story Grand Penthouse at One Ala Moana features 3,669 SF of interior space and a whopping 2,108 SF of private outdoor lanai space including a jacuzzi of course. The interior space features 10 foot high ceilings, a 210 bottle Sub-Zero wine cooler with a Den and Entertainment room. The breathtaking views from the floor-to-ceiling glass are not too bad either.  

The Pinnacle #PH


The Pinnacle is a lesser known building in downtown Honolulu which has one of the more unique penthouses on the market. It is the only penthouse unit in the building and covers 2 stories (35 & 36). If 2 stories is not enough, there is an option to purchase the 34th story unit for an additional $2M for a total of $7.95M. The penthouse has a full 360 degree view including Ocean, Pearl Harbor, Diamond Head and Waikiki. The interior furnishings cost $2M (Casa Fendi) and includes four garage parking spaces. If you consider the original sales price was $16.8M, then $5.8M might be considered a steal.

3019 Kalakau Ave #8


Sometimes you just crave those ocean views. There hasn't been any land to put up condos in Honolulu's waterfront for a very long time and there probably wont ever be again. Built in 1961, this isn't the flashiest of buildings, however it gets a spot on our list simply for the fact that the views are truly unbelievable. This unit underwent a $1.2M renovation in 2012 and features 2 bedrooms, 2 bathrooms and 2,500 SF of interior and lanai space. Was the renovation worth it? Well it made Architectural Digest Top 100 list, so they seem to think so. See for yourself.

Tahitienne Inc #PH


This is another lesser known ocean front condo located in the gold coast of Waikiki. Built in 1957 and renovated in 2008, this home commands a huge price tag because there's very little like it. The sleek, modern, contemporary design was designed by the ID group of Los Angeles and is our favorite interior on the list. This 3 bed, 3 bath penthouse comes with 2,800 SF of interior space and 645 SF of lanai space to soak in those breathtaking ocean front views. 

Waiea #3600


This is it, the Big Kahuna. The most expensive and largest penthouse in all of Honolulu history. Billed the "Estate in the Sky", the Grand Penthouse of Waiea (one of the newest ultra-luxury condo's by Howard Hughes development) is priced at a whopping $36,000,000. It features 5 bedrooms, 5 bathrooms, 10,103 interior SF and 1,570 SF of outdoor lanai space. In addition you get a private rooftop infinity pool/spa, wine room, media room and a private garage. Located in the heart of the Ward Village master plan, you are steps away from restaurants, Whole Foods, and Ala Moana Beach Park - but you probably would never leave this place. The maintenance fee comes in at $12,106 per month and the property tax totals $24,853 a month. That's a total of $36,959 a month in ownership costs! But then again, if you have $36M to spare on a home, that's probably not your biggest concern. Check it out:

If you are interested in learning more about Honolulu real estate, please visit our Condo Guide or Search Tool.


Isaiah Block is an experienced realtor who can help you navigate the process of buying or selling real estate here in Oahu. If you'd like to get in touch directly, please send an email to





Posted in Lifestyle
March 19, 2019

Market Update: February 2019

When buying or selling real estate, it's always important to keep track of the market. Let's take a look at statistics for February 2019:

(all data is courtesy of MLS and Honolulu Board of Realtors)

A snapshot of the Oahu market as a whole. 


Both condos and single family homes median sales price remain consistent with a gradual slope upwards.

Median days on market have increased a bit. This is not any cause for alarm though, this is still indicative of a very strong market slowing down a bit. 

Inventory has creeped up, but most sellers are still getting full asking price (percentage of original price received).

Prices continue to gradually increase. Time in the market usually beats timing. 

Closed sales seem to be down overall. A little bit of a slowdown from a booming market. 

Here's a snapshot of the Ala Moana - Kakaako Condo market for February 2019.


For more questions about the local market, please contact your friendly neighborhood expert. 

Isaiah Block (RB-21893)

(808) 721-3747 




Posted in Market Data
March 7, 2019

"Affordable Housing" in Honolulu Explained

Image result for honolulu skyline

"Affordable Housing" is and always will be a hot topic in Hawaii. Oahu has one of the most expensive housing markets in the country and the combination of limited amounts of developable land and a never-ending supply of outside investors keeps prices sky high. This results in large amount of locals being priced out of the housing market, especially in Honolulu.

So what is the state's answer to the problem? The HHFDC Affordable Housing program. 

What is the HHFDC?

HHFDC stands for the Hawaii Housing Finance and Development Corporation. The HHFDC is the state's primary agency charged with overseeing housing, financing, and development in Hawaii. 

What do they do?

They work with real estate developers to provide housing in new condominium projects at "below market" prices to those who meet eligibility requirements of the program. 

What are "below market" prices?

Market price means what a home or condo would sell on the open market. Real Estate Agents and homeowners usually base this on what comparable homes have sold for in the same neighborhood within the last 6 months. 

Let's look at the prices at the latest HHFDC project The Central Ala Moana which went for sale in late 2018. 

As you can see, there were significant price discounts for 1,2 and 3 bedrooms totaling almost $300K off "starting prices" for three bedroom types.

(1 Bedroom Affordable Floor Plan, The Central Ala Moana)

Are there any differences between the two units?

This is an interesting question because it may vary from project to project. For The Central, square footages and finishes are advertised to be the same whether you buy through Affordable or Market rate. 

The key difference was in location. Almost all of the Affordable units on the Makai (Ocean View) side of The Central are located on the lower floors (2-20). The majority of the market rate units are located on the higher floors (20-43). In Hawaii, buyer's always pay a premium for view, so this logically makes sense. 

What is the required deposit?

When you enter into a real estate contract, a buyer will always need to put down some form of cash deposit to show good faith to the seller that you will fulfill your obligations as a purchaser. This is the same when buying new construction. The deposit is held by the developer while the building is being built, then later on applied to the remaining balance due at closing.

A typical deposit for market-rate new construction projects in Hawaii is 10-20% of the sales price, which can be quite a lot of cash. A key benefit for HHFDC programs is that they typically only require you to come up with a 5% deposit. They also do allow for you to receive that in "gift funds". So if you have family members willing to help you out, that is totally acceptable. 

Ok, I want an "Affordable" condo, what are the HHFDC eligibility requirements? 

In order to apply for the program there are some rules. You must:

  • Be a citizen of the U.S or resident alien
  • Be at least 18 years of age
  • Be a legal resident of the State of Hawaii
  • Physically reside in the unit to be purchase. (You cannot rent out the unit, more on this below)
  • Not own a majority interest (50% or more) in a fee simple or leasehold property anywhere in the world.
  • Be prequalified for a loan if receiving financing to complete the purchase. 
  • Meet the income eligibility requirements  (see below)

This is the 2018 Area Median Income (AMI) chart the HHFDC follows. Income limits can vary from project to project. The basic rule of thumb is that you must make under 140% for your household size in order to qualify. 

The Central Ala Moana was the first HHFDC project that had a "minimum income requirement". In order to apply, you needed to make between 80%-140% AMI. This may be the new guideline that developers follow from now.

Can I sell the unit for profit or rent it out?

Yes, but not for another 10 years after you close. If you purchase a unit through the HHFDC program, you must agree to the "Buyback Program". This basically states that you will be the primary occupant of your unit for 10 years time.

If you need to sell your unit before 10 years time for whatever reason, the HHFDC reserves the right to buy back your unit for the same price it sold to you for. You also cannot rent out your unit during this time frame. 

After 10 years you are free to sell it for whatever you think it's worth, or rent it out for profit.

This is done to ensure people are not gaming the system for profit. And to keep inventory available for the HHFDC programs. 

Any other rules?

Yes, the other rule is called the SAE (Shared Appreciation Equity) program. This is very important. It basically says that you owe a percentage of your appreciation to the HHFDC. When you are buying a unit for $200-300K below market pricing, you are almost guaranteed to see appreciation, especially in 10 years time (Buyback Program). 

You must agree to share a percentage of the appreciation (what you will profit off the purchase) with the HHFDC. The percentages are not set and can vary depending on the unit type, view, etc. The percentage is calculated at closing. 

The formula is: 

Original Fair Market Value (determined by HHFDC's appraisal at closing), minus Original Purchase Price, divided by Original Fair Market Value, and rounded to the nearest one percent. 

When do I pay the SAE to the HHFDC?

You can actually pay it off anytime after closing, this is the interesting part. If you have the extra cash, you may want to think about paying it off right after closing. As your unit appreciates over time, the percentage will always remain the same but the dollar amount you owe will increase.

For example, if your SAE calculated was 20% (this is purely for examples sake!) and your appreciation was $50,000 at closing. Then you would owe $10,000 to the HHFDC.

Now let's say that you didn't pay it off at closing and your unit appreciated $200K after 10 years. You would now owe 20% of that which is $40,000. 

The SAE will always stay in the deed until it is paid off, so if you pass it along to your kids someday they will have this attached to the deed as well. 

Ok I'm eligible and agree to the rules, how do I apply?

Timing and awareness is key. Often times many people are unaware of HHFDC programs or are unprepared and miss out on the application period. By being aware of which projects are coming up that offer HHFDC programs, you can get yourself prepared to apply. Condo Kakaako has helped many locals apply for the HHFDC programs and would love to help you do the same.

Working with a Realtor who keeps you up to date with new projects and HHFDC programs can be invaluable. Please get in touch with Isaiah Block (RB-21893) today if this program interests you and would like to hear more.

Ph: (808) 721-3747


Posted in Buyer's Guide
Nov. 15, 2018

Ala Moana and Kakaako - value in the market?

The Central Ala Moana market rate pricing is finally public and we decided to break down the value it presents compared to the resale market. We took a look at the specs for the least expensive one bedroom at The Central in comparison to the least expensive one bedrooms at existing Ala Moana condominiums.

One Bedroom -

The Central (New Construction) Expected Completion 2021


Lowest Price 1 bedroom (market price): $580,000
HOA Fee: $484/mo
Living Area: 702 SF
Lanai: 71 SF
Floor: 26
View: Mauka
Amenities: Pool, Hot Tub, Kid's Play Area, Gym, BBQ, Party Room, Dog Park, Cabanas, Bike Storage, Electric Vehicle Charge Stations

Moana Pacific (completed 2007)

Lowest Price 1 Bedroom: $615,000
HOA Fee: $483/mo
View: Mauka
Living Area: 701 SF
Lanai: none
Floor: 16
View: Mauka
Amenities: Pool, Hot Tub, Kid's Play Area, Gym, Tennis Court, BBQ, Party Room, Theater

Analysis: Moana Pacific has a better amenity package although they are almost 12 years old at this point and in need of an update. The interior square footage is the same but does not have a lanai. Also, this lowest priced unit at MP is on the 16th floor, 10 floors lower than The Central's lowest priced market 1 bedroom.

Nauru Tower (1990)

Lowest Available Price: $755,000
HOA Fee: $980/mo
View: Ocean
Living Area: 980 SF
Lanai: none
Floor: 20
Amenities: Pool, Hot Tub, Tennis Court, BBQ,

Analysis: With a price difference of $175K, the premium is due to Nauru's fantastic ocean view and larger interior square footage. No lanai is disappointing. Overall, The Central has a better amenity package and much lower maintenance fees.

Hawaiki Tower (completed 1999)

Lowest Available Price: $860,000
HOA Fee: $544/mo
View: Partial Ocean
Living Area: 842 SF
Lanai: none
Floor: 40
Amenities: Pool, Hot Tub, Putting Area, Tennis Court, Kid's Play Area, BBQ, 35F Winter Garden

Analysis: Hawaiki has a size advantage at 842SF. The maintenance fees are also reasonable, like the Central. This unit seems to be in great shape for an older building and Hawaiki has a large rec deck with a tennis court but no gym. The price tag is also almost $300K more with no lanai.

One Ala Moana (2014)

Lowest Available Price: $995,000
HOA Fee: $778/mo
View: Mauka
Living Area: 778 SF
Lanai: none
Floor: 8
Amenities: Pool, Hot Tub, Exercise Room, Meeting Room, Private Dining, Spa, Putting Green

Analysis: There's no argument that One Ala Moana is superior to The Central in every category - amenities, build quality, finishes, design aesthetics. One Ala Moana is considered a luxury building, The Central is not. The Central does however have around the same square footage and a lanai (One Ala Moana does not). One Ala Moana has some fancier amenities including sauna, movie theater and private dining room. The questions you should ask yourself as a buyer - is that worth almost double the price tag at $1M vs $580K? 

For questions about any of the above mentioned properties, please contact Isaiah Block (RB-21893) for an expert opinon on Ala Moana and Kakaako condominiums.

Oct. 29, 2018

The Central Ala Moana update

The Central Ala Moana application period for Affordable and Market Rate units is approaching fast.

Important Dates

  • November 10th – Affordable Housing Educational Seminar
    • Session 1: 9:00AM – 10:30AM
    • Session 2: 11:00 AM – 12:30PM
  • November 11th – Affordable Housing Educational Seminar
    • Session 3: 9:00 AM – 10:30AM
    • Session 4: 11:00AM – 12:30AM
  • November 12th – Sales Center Open with model kitchen and other finishes - Applications available for pick up.
    • Owner-Occupant Affidavits available for pick-up (for market rate units only)
  • November 18th – Affordable Housing Educational Seminar
    • Session 5: 9:00AM – 10:30AM
    • Session 6: 11:00 AM – 12:30PM

HHFDC Applications for Affordable Housing will be available at all seminars. 

Please note that the seminar is optional and applications will be available at the sales office starting November 19th even if you can’t make the seminar. We will be sending out an update to everybody with a summary of the seminar as well.

What to do

We will be making appointments on our client’s behalf to apply at the sales office during the week of November 19th. Please also contact Isaiah to begin setting appointments to apply. Isaiah is a licensed real estate agent with years of project experience and will guide you through the application process as smoothly as possible.

The best thing you can do right now is to prepare your supporting documents for loan pre-qualification and application:

  • Last 2 years of State and Federal Tax returns (all pages and schedules)
  • Last 2 years of W-2(s), 1099(s)
  • Last most recent 1 month of pay stubs
  • Last 2 months of bank statements (all pages) to support the down payment, reserves and closing costs.
  • If self employed we will require the 3 years of Corporate Tax returns, a most recent year-to-date Profit and Loss and Balance Sheet.

We know a few loan officers we can put you in touch with immediately to begin your pre-qualification process if you have the above documents ready. Please note, that pre-qualification letters must be from an approved project lender:

  • Central Pacific Bank
  • First Hawaiian Bank
  • Bank of Hawaii
  • American Savings Bank
  • Compass
  • HomeStreet Bank
  • Prime Lending

As always, if you have any immediate questions please email us at or call or text at (808) 721-3747.

Disclaimer: Isaiah Block is a Buyer's Agent. He is not affiliated directly with the developer of The Central Ala Moana. Isaiah can help you to apply for a unit at The Central and will work with you step-by-step to complete all necessary deadlines and make sure you have a chance for purchase. It's always best to work with a buyer's agent as you will have full representation as a buyer and it doesn't cost you a dime!

Previous posts for The Central:
Project info -
Pre-qualification process -

Oct. 17, 2018

Apply For Loan Pre-Qualification at The Central Ala Moana

Sales are just around the corner. Get started at The Central Ala Moana by completing these steps and we will get you connected with a project lender to start the pre-qualification process right away.

What is a pre-qualification letter?

If you are serious about applying for the lottery, you should obtain a pre-qualification letter.

The process is simple - you will supply a brief overview of your recent financial history to a loan officer. The lender will review your information and give you an estimate of a loan amount you will qualify for. They will then give you a pre-qualification letter which you will need to submit along with your application for purchase at The Central. 

(*You are not required to use the same lender to obtain a loan. You are not locked into anything by going through pre-qualification.)

Step #1

Gather the required documents (digital copies are ok), to submit to a loan officer.

  • Last 2 years of Federal and State Tax returns (all pages and schedules)
  • Last 2 years of W-2(s), 1099(s)
  • 1 month of most recent pay stubs 
  • Last 2 months of bank statements (all pages) to support the down payment, reserves and closing costs. 
  • *If self employed, 3 years of Corporate Tax returns, a most recent year-to date Profit and Loss and Balance Sheet.

Step #2

Contact us as soon as you have the documents and we will connect you with a qualified loan officer who specializes in affordable housing programs. You can email, call, or text us at any time once you are ready to go.

Don’t wait

In past Reserved Housing and Affordable Housing projects, many applicants put off Pre-Qualification until the last week applications were due. This was a major problem for loan officers as they were swarmed with applicants and couldn't get to everybody in time. This in fact caused applicants to miss the cut off date for applications and not have a chance at the lottery.

If you take care of this now, you can beat the rush of other applicants and also have more time to gather necessary documents.

If you have more questions, please contact me directly at (808) 721-3747 or

Posted in Buyer's Guide