Bank of Hawaii's Home Purchase loans have features such as loans from $10,000 up to $500,000, no application fee, several flexible terms available, no points to pay, fixed monthly payments to fully or partially amortize the loan amount and interest paid on loan may be tax-deductible. Home Purchase Loan's eligible properties are real properties located in the state of Hawaii, free simple properties, leasehold, owner-occupied properties (remaining years on lease must exceed amortization term of the loan by at least five years), one-to-four family owner-occupied or second home residential real property (should be owner-occupied at least part of the year and meet Internal Revenue Service guidelines for second homes), rental or investment properties and purchase money second mortgage transactions (eligible under certain conditions).