University Of Hawaii Federal Credit Union Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 2549006P8VW9SIT9YP64

Tax ID: 99-0087313

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    University Of Hawaii Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. University Of Hawaii Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Kahului, and Hilo among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    University Of Hawaii Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. University Of Hawaii Federal Credit Union is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.05% 4/28/24
    30 Year Cash-out Refi 6.16% 4/28/24
    15 Year Conventional Purchase 5.68% 4/28/24
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

    University Of Hawaii Federal Credit Union Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from University Of Hawaii Federal Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    59

    Origination Dollar Volume (All Markets)

    $21,465,000

    Awards

    University of Hawaii Federal Credit Union 30 Year Conventional Loans bronze University of Hawaii Federal Credit Union 30 Year Conventional Loans silver
    Show all (2) awards

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    URBAN HONOLULU, HI (FHA|USDA|VA) 53 $19,675,000 $371,226 $7,274 2.68%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 2 $1,030,000 $515,000 $10,186 2.75%
    Hilo, HI (FHA|USDA|VA) 4 $760,000 $190,000 $4,341 3.59%
    University Of Hawaii Federal Credit Union's top markets include Urban Honolulu, Kahului, and Hilo among others.

    Their top states include:
  • Hawaii (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against University of Hawaii Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HAWAIIAN FINANCIAL
    Similarity Rank: 92
    ALOHA PACIFIC
    Similarity Rank: 124
    University of Hawaii Federal Credit Union
    Similarity Rank: 204
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 316
    Territorial Savings Bank
    Similarity Rank: 368
    First Hawaiian Bank
    Similarity Rank: 412
    American Mortgage and Insurance Inc.
    Similarity Rank: 495
    American Savings Bank, FSB
    Similarity Rank: 500
    Central Pacific Bank
    Similarity Rank: 592
    Bank of Hawaii
    Similarity Rank: 748

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 59 $21,465,000 $363,814 $7,172 2.74%

    For 2020, University Of Hawaii Federal Credit Union's most frequently originated type of loan was Conventional, with 59 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 27 $11,425,000 $423,148 $7,518 2.61%
    Refi 25 $8,455,000 $338,200 $7,299 2.56%
    Home Purchase 7 $1,585,000 $226,429 $5,405 3.93%

    For 2020, University Of Hawaii Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 27 originations. The 2nd most popular reason was Refi, with 25 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 31 $13,995,000 $451,452 $8,686 2.69%
    15 Year 25 $6,625,000 $265,000 $5,508 2.80%
    10 Year 1 $405,000 $405,000 $5,174 2.88%
    20 Year 1 $415,000 $415,000 $8,995 2.88%
    Other 1 $25,000 $25,000 $376 2.99%

    For 2020, University Of Hawaii Federal Credit Union's most frequently cited loan duration was 30 Year, with 31 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 22 $11,490,000 $522,273
    $3k-4k 11 $3,445,000 $313,182
    $4k-5k 10 $3,640,000 $364,000
    $2k-3k 8 $2,290,000 $286,250
    $1k-2k 6 $540,000 $90,000
    $<1k 2 $60,000 $30,000

    University Of Hawaii Federal Credit Union's average total fees were $8,686, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 22 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 32 $11,890,000 $371,563
    2.5-3% 17 $6,855,000 $403,235
    3-4% 6 $2,150,000 $358,333
    4-5% 4 $570,000 $142,500

    During 2020, University Of Hawaii Federal Credit Union's average interest rate for loans was 2.69%, while their most frequently originated rate bucket for loans was <2.5%, with 32 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 21 $6,075,000 $289,286 $6,372 2.73%
    $400k-600k 18 $8,600,000 $477,778 $9,455 2.65%
    $600k-1MM 8 $5,650,000 $706,250 $10,375 2.39%
    $100,000 or less 6 $380,000 $63,333 $1,766 3.77%
    $100k-200k 6 $760,000 $126,667 $3,680 2.54%

    2020 saw University Of Hawaii Federal Credit Union place emphasis on $200k-400k loans with 21 originations, totaling $6,075,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 24 $9,170,000 $382,083 $7,985 2.86%
    $150k-250k 12 $5,300,000 $441,667 $8,092 2.57%
    $50k-75k 8 $1,810,000 $226,250 $5,601 2.34%
    $75k-100k 7 $1,985,000 $283,571 $5,311 2.91%
    $250k+ 6 $2,470,000 $411,667 $7,313 2.79%
    $50k or less 1 $35,000 $35,000 $873 4.63%

    University Of Hawaii Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 24 originations. The second most popular income band? $150k-250k, with 12 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 17 $5,325,000 $313,235 $6,702 2.99%
    20-30% 13 $4,405,000 $338,846 $7,042 2.58%
    <20% 9 $3,245,000 $360,556 $6,942 2.42%
    43% 3 $2,005,000 $668,333 $12,173 2.58%
    >60% 2 $1,010,000 $505,000 $6,961 2.25%
    37% 2 $850,000 $425,000 $9,554 2.75%
    38% 2 $650,000 $325,000 $5,191 3.06%
    42% 2 $830,000 $415,000 $7,020 3.50%
    44% 2 $790,000 $395,000 $8,003 2.13%
    50-60% 2 $1,010,000 $505,000 $7,375 2.75%
    36% 1 $395,000 $395,000 $8,352 2.00%
    47% 1 $305,000 $305,000 $8,064 3.00%
    41% 1 $395,000 $395,000 $8,021 4.25%
    49% 1 $25,000 $25,000 $376 2.99%
    39% 1 $225,000 $225,000 $5,199 3.00%

    University Of Hawaii Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 25 $9,385,000 $375,400 $7,003 2.79%
    Asian 21 $8,165,000 $388,810 $7,838 2.52%
    Native Hawaiian or Islander 7 $2,525,000 $360,714 $7,278 3.36%
    American Indian 3 $775,000 $258,333 $5,795 2.58%
    Not provided 1 $275,000 $275,000 $6,853 2.50%
    Korean 1 $225,000 $225,000 $5,199 3.00%
    Filipino 1 $115,000 $115,000 $3,782 2.50%

    Approval Rates

    Total approvals of all applications
    95.12%

    University Of Hawaii Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    67.80%

    University Of Hawaii Federal Credit Union has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 59 $21,465,000 $363,814

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 59 $21,465,000 $363,814

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 16 $4,900,000 $306,250 $6,194 2.57%
    40-60% 16 $6,470,000 $404,375 $8,094 2.30%
    60-80% 15 $7,385,000 $492,333 $9,198 3.05%
    80-100% 5 $2,135,000 $427,000 $8,101 2.63%
    Under 20% 7 $575,000 $82,143 $2,157 3.59%

    Complaints

    Bank Name Product Issue 2020 CPFB Complaints % of Total Issues
    Universal Capital Services, Inc. Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 66.7%
    Universal Capital Services, Inc. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 33.3%