Finance Factors Limited Mortgage Rates, Fees & Info
Honolulu, HILEI: 254900E5RO9KE6OFNQ81
Tax ID: 99-0077649
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Finance Factors Limited is a smaller mortgage company specializing in Home Purchase loans. Finance Factors Limited has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Hilo, Kapaa, and Kahului 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.
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Originations
76Origination Dollar Volume (All Markets)
$72,990,000Top 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) | 45 | $41,715,000 | $927,000 | $0 | 0.00% |
| Hilo, HI (FHA|USDA|VA) | 18 | $19,480,000 | $1,082,222 | $0 | 0.00% |
| Kapaa, HI (FHA|USDA|VA) | 7 | $6,335,000 | $905,000 | $0 | 0.00% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 6 | $5,460,000 | $910,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 76 | $72,990,000 | $960,395 | $0 | 0.00% |
For 2023, Finance Factors Limited's most frequently originated type of loan was Conventional, with 76 originations.
Loan Reason
For 2023, Finance Factors Limited's most frequently cited loan purpose was Home Purchase, with 58 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 76 | $72,990,000 | $960,395 | $0 | 0.00% |
For 2023, Finance Factors Limited's most frequently cited loan duration was Other, with 76 originations.
Loan Sizing
2023 saw Finance Factors Limited place emphasis on $1MM+ loans with 28 originations, totaling $49,660,000 in origination value.
Applicant Income
Finance Factors Limited lent most frequently to those with incomes in the $250k+ range, with 28 originations. The second most popular income band? $150k-250k, with 17 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 76 | $72,990,000 | $960,395 | $0 | 0.00% |
Finance Factors Limited lent most frequently to those with DTI ratios of Exempt%, with 76 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications81.17%
Finance Factors Limited has a below average approval rate.
Pick Rate
Approvals leading to origination43.42%
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 | 76 | $72,990,000 | $960,395 |