Home Loans
Maota Affordable Loan Project
The Maota Affordable Loan Project (MALP) will improve access to stable and affordable housing for homeless individuals and/or for low to moderate-income level families or households. It will also support the development of affordable housing to increase the supply of affordable and high-quality living units.
MALP offers below-market interest rates specifically designed to make homeownership achievable for income-qualifying residents of American Samoa.
1.0%
Low-Income Rate
30-year term
2.0%
Moderate-Low Rate
30-year term
$55K
Starting Loan
2 bed / 2 bath
$25K
Home Repair Max
Renovation loans
Loan Products
Available Loan Options
| Loan Type | Loan Amount | Interest Rate (Low-Income) | Interest Rate (Moderate-Low) | Term |
|---|---|---|---|---|
| Home Loan — 2 Bedroom / 2 Bath | $55,000 | 1.0% | 2.0% | 30 years |
| Home Loan — 3 Bedroom / 2 Bath | $65,000 | 1.0% | 2.0% | 30 years |
| Home Loan — 4 Bedroom / 2 Bath | $80,000 | 1.0% | 2.0% | 30 years |
| Home Repair Loan | Up to $25,000 | 1.0% | 2.0% | 30 years |
Eligibility Requirements
Applicants must meet all of the following criteria:
- American Samoa resident who is a U.S. Citizen, U.S. National, or legal Permanent Resident
- At least 18 years of age with a verifiable source of income
- Employed for one or more consecutive years
- Meet low-income or moderate-income definitions per U.S. Department of Treasury guidelines
How to Apply
Contact our loan officers to schedule an appointment and begin the application process. Our staff will guide you through each step and help determine your eligibility.
Phone: (684) 633-4031
Schedule an Appointment →