Finance Factors Limited Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 254900E5RO9KE6OFNQ81

Tax ID: 99-0077649

Latest/2021 | 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)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Finance Factors Limited is a smaller mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Finance Factors Limited has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Hilo, Kahului, and Kapaa 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 above 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

    178

    Origination Dollar Volume (All Markets)

    $103,910,000

    Employee count

    119

    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) 126 $74,620,000 $592,222 $0 0.00%
    Hilo, HI (FHA|USDA|VA) 29 $14,215,000 $490,172 $0 0.00%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 13 $8,165,000 $628,077 $0 0.00%
    Kapaa, HI (FHA|USDA|VA) 10 $6,910,000 $691,000 $0 0.00%
    Finance Factors Limited's top markets include Urban Honolulu, Hilo, Kahului, and Kapaa among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 178 $103,910,000 $583,764 $0 0.00%

    For 2021, Finance Factors Limited's most frequently originated type of loan was Conventional, with 178 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 75 $50,515,000 $673,533 $0 0.00%
    Refi 52 $27,040,000 $520,000 $0 0.00%
    Cash Out Refi 47 $24,855,000 $528,830 $0 0.00%
    Other 4 $1,500,000 $375,000 $0 0.00%

    For 2021, Finance Factors Limited's most frequently cited loan purpose was Home Purchase, with 75 originations. The 2nd most popular reason was Refi, with 52 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 178 $103,910,000 $583,764 $0 0.00%

    For 2021, Finance Factors Limited's most frequently cited loan duration was Other, with 178 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 58 $17,640,000 $304,138 $0 0.00%
    $400k-600k 38 $18,450,000 $485,526 $0 0.00%
    $600k-1MM 37 $26,915,000 $727,432 $0 0.00%
    $1MM+ 23 $37,325,000 $1,622,826 $0 0.00%
    $100k-200k 22 $3,580,000 $162,727 $0 0.00%

    2021 saw Finance Factors Limited place emphasis on $200k-400k loans with 58 originations, totaling $17,640,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 43 $21,785,000 $506,628 $0 0.00%
    $150k-250k 36 $23,870,000 $663,056 $0 0.00%
    $250k+ 28 $26,690,000 $953,214 $0 0.00%
    $50k-75k 27 $11,755,000 $435,370 $0 0.00%
    $75k-100k 27 $11,495,000 $425,741 $0 0.00%
    $50k or less 10 $1,970,000 $197,000 $0 0.00%

    Finance Factors Limited lent most frequently to those with incomes in the $100k-150k range, with 43 originations. The second most popular income band? $150k-250k, with 36 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 178 $103,910,000 $583,764 $0 0.00%

    Finance Factors Limited lent most frequently to those with DTI ratios of Exempt%, with 178 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 104 $49,440,000 $475,385 $0 0.00%
    White 50 $30,200,000 $604,000 $0 0.00%
    Not provided 8 $11,670,000 $1,458,750 $0 0.00%
    Native Hawaiian or Islander 10 $7,030,000 $703,000 $0 0.00%
    Not applicable 5 $4,935,000 $987,000 $0 0.00%
    American Indian 1 $635,000 $635,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    91.73%

    Finance Factors Limited has an average approval rate.

    Pick Rate

    Approvals leading to origination
    71.91%

    Finance Factors Limited has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 178 $103,910,000 $583,764

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    178 $103,910,000 $583,764

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Finance of America Holdings LLC Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 2 5.4%
    Finance of America Holdings LLC Conventional home mortgage Closing on a mortgage 2 5.4%
    Finance of America Holdings LLC Conventional home mortgage Problem with a credit reporting company's investigation into an existing problem 1 2.7%
    Finance of America Holdings LLC Conventional home mortgage Trouble during payment process 4 10.8%
    Finance of America Holdings LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 2.7%
    Finance of America Holdings LLC Other type of mortgage Trouble during payment process 1 2.7%
    Finance of America Holdings LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 8 21.6%
    Finance of America Holdings LLC Reverse mortgage Closing on a mortgage 5 13.5%
    Finance of America Holdings LLC Reverse mortgage Struggling to pay mortgage 4 10.8%
    Finance of America Holdings LLC Reverse mortgage Trouble during payment process 9 24.3%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Finance Factors, Ltd. 4393 Kukui Grove Street, Suite A Lihue, HI 96766 Full Service B&M $8,815
    Finance Factors, Ltd. 4211 Waialea Avenue Honolulu, HI 96816 Full Service B&M $38,372
    Finance Factors, Ltd. 605 Laukapu Street Hilo, HI 96720 Full Service B&M $22,020
    Finance Factors, Ltd. 602 Kailua Road Kailua, HI 96734 Full Service B&M $25,756
    Finance Factors, Ltd. 75-1022 Henry Street, Unit 6 Kailua Kona, HI 96740 Full Service B&M $11,883
    Finance Factors, Ltd. 1164 Bishop Street Honolulu, HI 96813 Full Service B&M $71,734
    Finance Factors, Ltd. 3408 Waialae Avenue, Suite 101 Honolulu, HI 96816 Full Service B&M $39,765
    Finance Factors, Ltd. 850 Kamehameha Highway Pearl City, HI 96782 Full Service B&M $58,315
    Finance Factors, Ltd. 1600 Kapiolani Boulevard, Suite 109 Honolulu, HI 96814 Full Service B&M $25,100
    Finance Factors, Ltd. 1620 North School Street Honolulu, HI 96817 Full Service B&M $38,115
    Finance Factors, Ltd. 1808 Liliha Street Honolulu, HI 96817 Full Service B&M $62,478
    Finance Factors, Ltd. 27 South Puunene Avenue, Suite 2 Kahului, HI 96732 Full Service B&M $24,673
    Finance Factors, Ltd. 2955 East Manoa Road, Suite A Honolulu, HI 96822 Full Service B&M $22,879

    For 2021, Finance Factors Limited had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $20,458
    Net interest income $18,745
    Total noninterest income $6,233
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $2
    Trading account gains and fees $3,520
    Additional Noninterest Income $2,711
    Pre-tax net operating income $7,168
    Securities gains (or losses, -) $13
    Income before extraordinary items $5,475
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $5,475
    Minority interest net income $0
    Net income $5,475
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $5,464

    Finance Factors Limited's gross interest income from loans was $20,458,000.
    Finance Factors Limited's net interest income from loans was $18,745,000.
    Finance Factors Limited's fee based income from loans was $2,000.
    Finance Factors Limited's net income from loans was $5,475,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $1,713
    Provision for credit losses $0
    Total noninterest expense $17,810
    Salaries and employee benefits $10,866
    Premises and equipment expense $2,279
    Additional noninterest expense $4,665
    Applicable income taxes $1,706
    Net charge-offs $-149
    Cash dividends $2,000

    Finance Factors Limited's interest expense for loans was $1,713,000.
    Finance Factors Limited's payroll and benefits expense were $10,866,000.
    Finance Factors Limited's property, plant and equipment expenses $2,279,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $447,504
    Deposits held in domestic offices $447,504
    Deposits by Individuals, partnerships, and corporations $442,013
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $5,491
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $912
    Demand deposits $912
    Nontransaction accounts $446,592
    Money market deposit accounts (MMDAs) $200,965
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $245,628
    Total time and savings deposits $446,592
    Noninterest-bearing deposits $912
    Interest-bearing deposits $446,592
    Retail deposits $417,010
    IRAs and Keogh plan accounts $7,331
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $578,059
    Cash & Balances due from depository institutions $45,537
    Interest-bearing balances $30,126
    Total securities $71,008
    Federal funds sold & reverse repurchase $0
    Net loans and leases $374,843
    Loan and leases loss allowance $12,093
    Trading account assets $16,666
    Bank premises and fixed assets $42,512
    Other real estate owned $0
    Goodwill and other intangibles $234
    All other assets $27,259

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $578,059
    Total Liabilities $503,756
    Total deposits $447,504
    Interest-bearing deposits $446,592
    Deposits held in domestic offices $447,504
    % insured (estimated) $91
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $50,000
    Subordinated debt $0
    All other liabilities $6,252

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $374,843
    Loan and leases loss allowance $12,093
    Total loans and leases (domestic) $386,936
    All real estate loans $387,847
    Real estate loans in domestic offices $377,513
    Construction and development loans $28,811
    Residential 1-4 family construction $4,074
    Other construction, all land development and other land $24,737
    Loans secured by nonfarm nonresidential properties $59,670
    Nonfarm nonresidential secured by owner-occupied properties $4,149
    Commercial real estate & other non-farm, non-residential $55,521
    Multifamily residential real estate $73,078
    1-4 family residential loans $215,954
    Farmland loans $0
    Loans held in foreign offices $10,334
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $440
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $0
    Other loans to individuals $440
    All other loans & leases $0
    Loans to foreign governments and official institutions $0
    Other loans $0
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $0
    Non 1-4 family restructured loans & leases $0
    Total loans and leases (foreign) $10,334

    Finance Factors Limited had $374,843,000 of loans outstanding in 2021. $387,847,000 of loans were in real estate loans. $28,811,000 of loans were in development loans. $73,078,000 of loans were in multifamily mortgage loans. $215,954,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $0 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 29 $8,320 $286,897
    Nonfarm, nonresidential loans - <$100k 3 $116 $38,667
    Nonfarm, nonresidential loans - $100-250k 6 $684 $114,000
    Nonfarm, nonresidential loans - $250k-1MM 20 $7,520 $376,000