Finance Factors Limited Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 254900E5RO9KE6OFNQ81

Tax ID: 99-0077649

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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

    Finance Factors Limited is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Finance Factors Limited has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Kahului, Kapaa, and Hilo among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Finance Factors Limited has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    84

    Origination Dollar Volume (All Markets)

    $60,440,000

    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) 52 $39,540,000 $760,385 $0 0.00%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 15 $10,825,000 $721,667 $0 0.00%
    Kapaa, HI (FHA|USDA|VA) 8 $6,380,000 $797,500 $0 0.00%
    Hilo, HI (FHA|USDA|VA) 9 $3,695,000 $410,556 $0 0.00%
    Finance Factors Limited's top markets include Urban Honolulu, Kahului, Kapaa, and Hilo among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 84 $60,440,000 $719,524 $0 0.00%

    For 2022, Finance Factors Limited's most frequently originated type of loan was Conventional, with 84 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 38 $30,880,000 $812,632 $0 0.00%
    Cash Out Refi 31 $21,405,000 $690,484 $0 0.00%
    Refi 8 $4,350,000 $543,750 $0 0.00%
    Other 7 $3,805,000 $543,571 $0 0.00%

    For 2022, Finance Factors Limited's most frequently cited loan purpose was Home Purchase, with 38 originations. The 2nd most popular reason was Cash Out Refi, with 31 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 84 $60,440,000 $719,524 $0 0.00%

    For 2022, Finance Factors Limited's most frequently cited loan duration was Other, with 84 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 24 $17,150,000 $714,583 $0 0.00%
    $400k-600k 21 $10,705,000 $509,762 $0 0.00%
    $200k-400k 16 $4,790,000 $299,375 $0 0.00%
    $1MM+ 15 $26,685,000 $1,779,000 $0 0.00%
    $100k-200k 5 $865,000 $173,000 $0 0.00%
    $100,000 or less 3 $245,000 $81,667 $0 0.00%

    2022 saw Finance Factors Limited place emphasis on $600k-1MM loans with 24 originations, totaling $17,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 21 $15,665,000 $745,952 $0 0.00%
    $250k+ 18 $19,620,000 $1,090,000 $0 0.00%
    $100k-150k 16 $7,650,000 $478,125 $0 0.00%
    $50k-75k 13 $5,335,000 $410,385 $0 0.00%
    $75k-100k 8 $3,590,000 $448,750 $0 0.00%
    $50k or less 4 $1,540,000 $385,000 $0 0.00%

    Finance Factors Limited lent most frequently to those with incomes in the $150k-250k range, with 21 originations. The second most popular income band? $250k+, with 18 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 84 $60,440,000 $719,524 $0 0.00%

    Finance Factors Limited lent most frequently to those with DTI ratios of Exempt%, with 84 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 45 $26,655,000 $592,333 $0 0.00%
    White 20 $16,340,000 $817,000 $0 0.00%
    Not provided 12 $10,050,000 $837,500 $0 0.00%
    Not applicable 2 $4,710,000 $2,355,000 $0 0.00%
    Native Hawaiian or Islander 4 $1,500,000 $375,000 $0 0.00%
    Black 1 $1,185,000 $1,185,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    86.82%

    Finance Factors Limited has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.86%

    Finance Factors Limited 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
    Exempt 84 $60,440,000 $719,524

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    84 $60,440,000 $719,524

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    Finance of America Holdings LLC Reverse mortgage Trouble during payment process 1 100.0%