Finance Factors Limited Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 254900E5RO9KE6OFNQ81

Tax ID: 99-0077649

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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 and 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

    104

    Origination Dollar Volume (All Markets)

    $57,670,000

    Employee count

    128

    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) 51 $31,685,000 $621,275 $0 0.00%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 17 $10,895,000 $640,882 $0 0.00%
    Kapaa, HI (FHA|USDA|VA) 17 $10,425,000 $613,235 $0 0.00%
    Hilo, HI (FHA|USDA|VA) 19 $4,665,000 $245,526 $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 104 $57,670,000 $554,519 $0 0.00%

    For 2018, Finance Factors Limited's most frequently originated type of loan was Conventional, with 104 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 67 $39,765,000 $593,507 $0 0.00%
    Refi 22 $13,350,000 $606,818 $0 0.00%
    Cash Out Refi 11 $3,175,000 $288,636 $0 0.00%
    Home Improvement 4 $1,380,000 $345,000 $0 0.00%

    For 2018, Finance Factors Limited's most frequently cited loan purpose was Home Purchase, with 67 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 104 $57,670,000 $554,519 $0 0.00%

    For 2018, Finance Factors Limited's most frequently cited loan duration was Other, with 104 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 35 $9,765,000 $279,000 $0 0.00%
    $400k-600k 25 $11,995,000 $479,800 $0 0.00%
    $600k-1MM 16 $12,110,000 $756,875 $0 0.00%
    $1MM+ 13 $21,695,000 $1,668,846 $0 0.00%
    $100k-200k 12 $1,890,000 $157,500 $0 0.00%
    $100,000 or less 3 $215,000 $71,667 $0 0.00%

    2018 saw Finance Factors Limited place emphasis on $200k-400k loans with 35 originations, totaling $9,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 19 $11,495,000 $605,000 $0 0.00%
    $75k-100k 14 $4,740,000 $338,571 $0 0.00%
    $100k-150k 13 $5,445,000 $418,846 $0 0.00%
    $50k-75k 13 $4,405,000 $338,846 $0 0.00%
    $250k+ 12 $13,130,000 $1,094,167 $0 0.00%
    $50k or less 11 $4,365,000 $396,818 $0 0.00%

    Finance Factors Limited lent most frequently to those with incomes in the $150k-250k range, with 19 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 104 $57,670,000 $554,519 $0 0.00%

    Finance Factors Limited lent most frequently to those with DTI ratios of Exempt%, with 104 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 51 $29,165,000 $571,863 $0 0.00%
    Asian 46 $23,240,000 $505,217 $0 0.00%
    Black 1 $2,165,000 $2,165,000 $0 0.00%
    Native Hawaiian or Islander 3 $1,365,000 $455,000 $0 0.00%
    Not provided 2 $1,280,000 $640,000 $0 0.00%
    American Indian 1 $455,000 $455,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    79.90%

    Finance Factors Limited has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    74.04%

    Finance Factors Limited has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 104 $57,670,000 $554,519

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $4,440,000 $1,110,000
    Single Family (1-4 Units):Site-Built 100 $53,230,000 $532,300

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    Finance of America Holdings LLC FHA mortgage Applying for a mortgage or refinancing an existing mortgage 1 11.1%
    Finance of America Holdings LLC Reverse mortgage Applying for a mortgage or refinancing an existing mortgage 4 44.4%
    Finance of America Holdings LLC Reverse mortgage Closing on a mortgage 2 22.2%
    Finance of America Holdings LLC Reverse mortgage Trouble during payment process 2 22.2%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Finance Factors, Ltd. 850 Kamehameha Highway Pearl City, HI 96782 Full Service B&M $62,976
    Finance Factors, Ltd. 1164 Bishop Street Honolulu, HI 96813 Full Service B&M $69,659
    Finance Factors, Ltd. 140 Hoohana Street, Suite 111 Kahului, HI 96732 Full Service B&M $27,300
    Finance Factors, Ltd. 1600 Kapiolani Boulevard, Suite 109 Honolulu, HI 96814 Full Service B&M $31,844
    Finance Factors, Ltd. 1620 North School Street Honolulu, HI 96817 Full Service B&M $44,525
    Finance Factors, Ltd. 1808 Liliha Street Honolulu, HI 96817 Full Service B&M $61,359
    Finance Factors, Ltd. 2955 East Manoa Road, Suite A Honolulu, HI 96822 Full Service B&M $19,828
    Finance Factors, Ltd. 3408 Waialae Avenue, Suite 101 Honolulu, HI 96816 Full Service B&M $46,665
    Finance Factors, Ltd. 4211 Waialea Avenue Honolulu, HI 96816 Full Service B&M $38,903
    Finance Factors, Ltd. 4393 Kukui Grove Street, Suite A Lihue, HI 96766 Full Service B&M $9,803
    Finance Factors, Ltd. 602 Kailua Road Kailua, HI 96734 Full Service B&M $28,310
    Finance Factors, Ltd. 605 Laukapu Street Hilo, HI 96720 Full Service B&M $17,044
    Finance Factors, Ltd. 75-1022 Henry Street, Unit 6 Kailua Kona, HI 96740 Full Service B&M $14,361

    For 2018, Finance Factors Limited had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $24,130
    Net interest income $19,606
    Total noninterest income $2,303
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1
    Trading account gains and fees $474
    Additional Noninterest Income $1,828
    Pre-tax net operating income $5,100
    Securities gains (or losses, -) $156
    Income before extraordinary items $4,136
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,136
    Minority interest net income $0
    Net income $4,136
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,012

    Finance Factors Limited's gross interest income from loans was $24,130,000.
    Finance Factors Limited's net interest income from loans was $19,606,000.
    Finance Factors Limited's fee based income from loans was $1,000.
    Finance Factors Limited's net income from loans was $4,136,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $4,524
    Provision for credit losses $0
    Total noninterest expense $16,809
    Salaries and employee benefits $10,798
    Premises and equipment expense $1,338
    Additional noninterest expense $4,673
    Applicable income taxes $1,120
    Net charge-offs $-1,359
    Cash dividends $1,000

    Finance Factors Limited's interest expense for loans was $4,524,000.
    Finance Factors Limited's payroll and benefits expense were $10,798,000.
    Finance Factors Limited's property, plant and equipment expenses $1,338,000.

    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 1.0%
    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 $496,610
    Deposits held in domestic offices $496,610
    Deposits by Individuals, partnerships, and corporations $490,642
    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. $5,969
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $1,128
    Demand deposits $1,128
    Nontransaction accounts $495,483
    Money market deposit accounts (MMDAs) $156,862
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $338,620
    Total time and savings deposits $495,483
    Noninterest-bearing deposits $1,128
    Interest-bearing deposits $495,482
    Retail deposits $462,465
    IRAs and Keogh plan accounts $6,452
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $580,102
    Cash & Balances due from depository institutions $6,044
    Interest-bearing balances $2,740
    Total securities $113,030
    Federal funds sold & reverse repurchase $0
    Net loans and leases $381,932
    Loan and leases loss allowance $11,374
    Trading account assets $9,289
    Bank premises and fixed assets $42,009
    Other real estate owned $0
    Goodwill and other intangibles $946
    All other assets $26,852

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $580,102
    Total Liabilities $515,500
    Total deposits $496,610
    Interest-bearing deposits $495,482
    Deposits held in domestic offices $496,610
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $15,000
    Subordinated debt $0
    All other liabilities $3,890

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $381,932
    Loan and leases loss allowance $11,374
    Total loans and leases (domestic) $393,306
    All real estate loans $389,371
    Real estate loans in domestic offices $380,370
    Construction and development loans $33,699
    Residential 1-4 family construction $3,643
    Other construction, all land development and other land $30,056
    Loans secured by nonfarm nonresidential properties $52,459
    Nonfarm nonresidential secured by owner-occupied properties $3,888
    Commercial real estate & other non-farm, non-residential $48,571
    Multifamily residential real estate $52,008
    1-4 family residential loans $242,204
    Farmland loans $0
    Loans held in foreign offices $9,001
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $5,765
    Credit card loans $0
    Related Plans $5,000
    Consumer Auto Loans $0
    Other loans to individuals $765
    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 $157
    Non 1-4 family restructured loans & leases $157
    Total loans and leases (foreign) $9,001

    Finance Factors Limited had $381,932,000 of loans outstanding in 2018. $389,371,000 of loans were in real estate loans. $33,699,000 of loans were in development loans. $52,008,000 of loans were in multifamily mortgage loans. $242,204,000 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 $7,485 $258,103
    Nonfarm, nonresidential loans - <$100k 4 $186 $46,500
    Nonfarm, nonresidential loans - $100-250k 10 $1,389 $138,900
    Nonfarm, nonresidential loans - $250k-1MM 15 $5,910 $394,000