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, Cash Out Refi, and Refi loans. Finance Factors Limited has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Kahului, Hilo, 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 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

    153

    Origination Dollar Volume (All Markets)

    $74,095,000

    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) 103 $53,545,000 $519,854 $0 0.00%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 20 $8,520,000 $426,000 $0 0.00%
    Hilo, HI (FHA|USDA|VA) 21 $6,945,000 $330,714 $0 0.00%
    Kapaa, HI (FHA|USDA|VA) 9 $5,085,000 $565,000 $0 0.00%
    Finance Factors Limited's top markets include Urban Honolulu, Kahului, Hilo, 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 153 $74,095,000 $484,281 $0 0.00%

    For 2019, Finance Factors Limited's most frequently originated type of loan was Conventional, with 153 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 65 $36,485,000 $561,308 $0 0.00%
    Cash Out Refi 49 $19,125,000 $390,306 $0 0.00%
    Refi 39 $18,485,000 $473,974 $0 0.00%

    For 2019, Finance Factors Limited's most frequently cited loan purpose was Home Purchase, with 65 originations. The 2nd most popular reason was Cash Out Refi, with 49 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 153 $74,095,000 $484,281 $0 0.00%

    For 2019, Finance Factors Limited's most frequently cited loan duration was Other, with 153 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 52 $15,430,000 $296,731 $0 0.00%
    $400k-600k 40 $19,420,000 $485,500 $0 0.00%
    $600k-1MM 31 $22,905,000 $738,871 $0 0.00%
    $100k-200k 22 $3,090,000 $140,455 $0 0.00%
    $1MM+ 7 $13,195,000 $1,885,000 $0 0.00%
    $100,000 or less 1 $55,000 $55,000 $0 0.00%

    2019 saw Finance Factors Limited place emphasis on $200k-400k loans with 52 originations, totaling $15,430,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 39 $17,225,000 $441,667 $0 0.00%
    $150k-250k 29 $14,475,000 $499,138 $0 0.00%
    $50k-75k 24 $7,220,000 $300,833 $0 0.00%
    $75k-100k 22 $8,280,000 $376,364 $0 0.00%
    $250k+ 12 $8,900,000 $741,667 $0 0.00%
    $50k or less 5 $1,615,000 $323,000 $0 0.00%

    Finance Factors Limited lent most frequently to those with incomes in the $100k-150k range, with 39 originations. The second most popular income band? $150k-250k, with 29 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 153 $74,095,000 $484,281 $0 0.00%

    Finance Factors Limited lent most frequently to those with DTI ratios of Exempt%, with 153 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 82 $32,950,000 $401,829 $0 0.00%
    White 46 $22,650,000 $492,391 $0 0.00%
    Not applicable 6 $9,000,000 $1,500,000 $0 0.00%
    Native Hawaiian or Islander 13 $6,315,000 $485,769 $0 0.00%
    Not provided 5 $2,385,000 $477,000 $0 0.00%
    American Indian 1 $795,000 $795,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.11%

    Finance Factors Limited has an average approval rate.

    Pick Rate

    Approvals leading to origination
    69.28%

    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 153 $74,095,000 $484,281

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $7,850,000 $1,962,500
    Single Family (1-4 Units):Site-Built 149 $66,245,000 $444,597

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Finance of America Holdings LLC Conventional home mortgage Trouble during payment process 1 20.0%
    Finance of America Holdings LLC Reverse mortgage Struggling to pay mortgage 1 20.0%
    Finance of America Holdings LLC Reverse mortgage Trouble during payment process 3 60.0%

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Finance Factors, Ltd. 1164 Bishop Street Honolulu, HI 96813 Full Service B&M $69,677
    Finance Factors, Ltd. 140 Hoohana Street, Suite 111 Kahului, HI 96732 Full Service B&M $31,918
    Finance Factors, Ltd. 1600 Kapiolani Boulevard, Suite 109 Honolulu, HI 96814 Full Service B&M $30,971
    Finance Factors, Ltd. 1620 North School Street Honolulu, HI 96817 Full Service B&M $43,390
    Finance Factors, Ltd. 1808 Liliha Street Honolulu, HI 96817 Full Service B&M $64,956
    Finance Factors, Ltd. 2955 East Manoa Road, Suite A Honolulu, HI 96822 Full Service B&M $21,884
    Finance Factors, Ltd. 3408 Waialae Avenue, Suite 101 Honolulu, HI 96816 Full Service B&M $50,452
    Finance Factors, Ltd. 4211 Waialea Avenue Honolulu, HI 96816 Full Service B&M $42,759
    Finance Factors, Ltd. 4393 Kukui Grove Street, Suite A Lihue, HI 96766 Full Service B&M $9,870
    Finance Factors, Ltd. 602 Kailua Road Kailua, HI 96734 Full Service B&M $29,520
    Finance Factors, Ltd. 605 Laukapu Street Hilo, HI 96720 Full Service B&M $17,525
    Finance Factors, Ltd. 75-1022 Henry Street, Unit 6 Kailua Kona, HI 96740 Full Service B&M $14,427
    Finance Factors, Ltd. 850 Kamehameha Highway Pearl City, HI 96782 Full Service B&M $67,412

    For 2019, Finance Factors Limited had 13 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $25,781
    Net interest income $19,512
    Total noninterest income $3,898
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $1
    Trading account gains and fees $2,523
    Additional Noninterest Income $1,374
    Pre-tax net operating income $6,322
    Securities gains (or losses, -) $15
    Income before extraordinary items $4,797
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,797
    Minority interest net income $0
    Net income $4,797
    Sale, conversion, retirement of capital stock, net $0
    Net operating income $4,785

    Finance Factors Limited's gross interest income from loans was $25,781,000.
    Finance Factors Limited's net interest income from loans was $19,512,000.
    Finance Factors Limited's fee based income from loans was $1,000.
    Finance Factors Limited's net income from loans was $4,797,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $6,269
    Provision for credit losses $0
    Total noninterest expense $17,088
    Salaries and employee benefits $10,459
    Premises and equipment expense $1,871
    Additional noninterest expense $4,758
    Applicable income taxes $1,540
    Net charge-offs $-174
    Cash dividends $2,000

    Finance Factors Limited's interest expense for loans was $6,269,000.
    Finance Factors Limited's payroll and benefits expense were $10,459,000.
    Finance Factors Limited's property, plant and equipment expenses $1,871,000.

    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 $498,876
    Deposits held in domestic offices $498,876
    Deposits by Individuals, partnerships, and corporations $494,271
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $250
    Deposits by Commercial banks and other depository institutions in U.S. $4,355
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $725
    Demand deposits $725
    Nontransaction accounts $498,151
    Money market deposit accounts (MMDAs) $148,311
    Other savings deposits (excluding MMDAs) $0
    Total time deposits $349,840
    Total time and savings deposits $498,151
    Noninterest-bearing deposits $725
    Interest-bearing deposits $498,151
    Retail deposits $461,584
    IRAs and Keogh plan accounts $7,138
    Brokered deposits $0
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $589,208
    Cash & Balances due from depository institutions $1,897
    Interest-bearing balances $423
    Total securities $109,729
    Federal funds sold & reverse repurchase $0
    Net loans and leases $395,156
    Loan and leases loss allowance $11,548
    Trading account assets $12,210
    Bank premises and fixed assets $42,443
    Other real estate owned $791
    Goodwill and other intangibles $653
    All other assets $26,329

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $589,208
    Total Liabilities $520,198
    Total deposits $498,876
    Interest-bearing deposits $498,151
    Deposits held in domestic offices $498,876
    % insured (estimated) $95
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $16,700
    Subordinated debt $0
    All other liabilities $4,622

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $395,156
    Loan and leases loss allowance $11,548
    Total loans and leases (domestic) $406,704
    All real estate loans $402,211
    Real estate loans in domestic offices $395,577
    Construction and development loans $28,212
    Residential 1-4 family construction $5,691
    Other construction, all land development and other land $22,521
    Loans secured by nonfarm nonresidential properties $62,741
    Nonfarm nonresidential secured by owner-occupied properties $4,922
    Commercial real estate & other non-farm, non-residential $57,819
    Multifamily residential real estate $72,533
    1-4 family residential loans $232,091
    Farmland loans $0
    Loans held in foreign offices $6,634
    Farm loans $0
    Commercial and industrial loans $0
    To non-U.S. addressees $0
    Loans to individuals $5,823
    Credit card loans $0
    Related Plans $5,000
    Consumer Auto Loans $0
    Other loans to individuals $823
    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) $6,634

    Finance Factors Limited had $395,156,000 of loans outstanding in 2019. $402,211,000 of loans were in real estate loans. $28,212,000 of loans were in development loans. $72,533,000 of loans were in multifamily mortgage loans. $232,091,000 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 30 $8,541 $284,700
    Nonfarm, nonresidential loans - <$100k 3 $148 $49,333
    Nonfarm, nonresidential loans - $100-250k 9 $1,164 $129,333
    Nonfarm, nonresidential loans - $250k-1MM 18 $7,229 $401,611