Finance Factors Limited Mortgage Rates, Fees & Info
Honolulu, HILEI: 254900E5RO9KE6OFNQ81
Tax ID: 99-0077649
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Bank Data
Review & Overview
Finance Factors Limited is a smaller mortgage company specializing in Cash Out Refi, Refi, and Home Purchase 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.
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Originations
368Origination Dollar Volume (All Markets)
$179,410,000Employee count
119Top 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) | 267 | $141,805,000 | $531,105 | $0 | 0.00% |
| Hilo, HI (FHA|USDA|VA) | 51 | $17,325,000 | $339,706 | $0 | 0.00% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 41 | $15,705,000 | $383,049 | $0 | 0.00% |
| Kapaa, HI (FHA|USDA|VA) | 9 | $4,575,000 | $508,333 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 368 | $179,410,000 | $487,527 | $0 | 0.00% |
For 2020, Finance Factors Limited's most frequently originated type of loan was Conventional, with 368 originations.
Loan Reason
For 2020, Finance Factors Limited's most frequently cited loan purpose was Cash Out Refi, with 167 originations. The 2nd most popular reason was Refi, with 135 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 368 | $179,410,000 | $487,527 | $0 | 0.00% |
For 2020, Finance Factors Limited's most frequently cited loan duration was Other, with 368 originations.
Loan Sizing
2020 saw Finance Factors Limited place emphasis on $200k-400k loans with 122 originations, totaling $36,650,000 in origination value.
Applicant Income
Finance Factors Limited lent most frequently to those with incomes in the $100k-150k range, with 103 originations. The second most popular income band? $75k-100k, with 81 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 368 | $179,410,000 | $487,527 | $0 | 0.00% |
Finance Factors Limited lent most frequently to those with DTI ratios of Exempt%, with 368 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications93.05%
Finance Factors Limited has an average approval rate.
Pick Rate
Approvals leading to origination71.74%
Finance Factors Limited has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 368 | $179,410,000 | $487,527 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Multifamily:Site-Built | 3 | $3,335,000 | $1,111,667 |
| Single Family (1-4 Units):Site-Built | 365 | $176,075,000 | $482,397 |
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Finance of America Holdings LLC | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 3 | 23.1% |
| Finance of America Holdings LLC | Conventional home mortgage | Closing on a mortgage | 1 | 7.7% |
| Finance of America Holdings LLC | Conventional home mortgage | Improper use of your report | 1 | 7.7% |
| Finance of America Holdings LLC | Other type of mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.7% |
| Finance of America Holdings LLC | Other type of mortgage | Struggling to pay mortgage | 1 | 7.7% |
| Finance of America Holdings LLC | Reverse mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 15.4% |
| Finance of America Holdings LLC | Reverse mortgage | Closing on a mortgage | 1 | 7.7% |
| Finance of America Holdings LLC | Reverse mortgage | Struggling to pay mortgage | 1 | 7.7% |
| Finance of America Holdings LLC | Reverse mortgage | Trouble during payment process | 1 | 7.7% |
| Finance of America Holdings LLC | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.7% |
Bank Details
Branches
| Bank Name | Branch | Branch Type | Deposits (000's) |
|---|---|---|---|
| Finance Factors, Ltd. | 4211 Waialea Avenue Honolulu, HI 96816 | Full Service B&M | $42,290 |
| Finance Factors, Ltd. | 4393 Kukui Grove Street, Suite A Lihue, HI 96766 | Full Service B&M | $10,105 |
| Finance Factors, Ltd. | 602 Kailua Road Kailua, HI 96734 | Full Service B&M | $29,376 |
| Finance Factors, Ltd. | 605 Laukapu Street Hilo, HI 96720 | Full Service B&M | $16,612 |
| Finance Factors, Ltd. | 75-1022 Henry Street, Unit 6 Kailua Kona, HI 96740 | Full Service B&M | $13,811 |
| Finance Factors, Ltd. | 3408 Waialae Avenue, Suite 101 Honolulu, HI 96816 | Full Service B&M | $47,190 |
| Finance Factors, Ltd. | 1164 Bishop Street Honolulu, HI 96813 | Full Service B&M | $67,289 |
| Finance Factors, Ltd. | 140 Hoohana Street, Suite 111 Kahului, HI 96732 | Full Service B&M | $28,769 |
| Finance Factors, Ltd. | 1600 Kapiolani Boulevard, Suite 109 Honolulu, HI 96814 | Full Service B&M | $27,963 |
| Finance Factors, Ltd. | 1620 North School Street Honolulu, HI 96817 | Full Service B&M | $40,076 |
| Finance Factors, Ltd. | 1808 Liliha Street Honolulu, HI 96817 | Full Service B&M | $63,975 |
| Finance Factors, Ltd. | 2955 East Manoa Road, Suite A Honolulu, HI 96822 | Full Service B&M | $24,283 |
| Finance Factors, Ltd. | 850 Kamehameha Highway Pearl City, HI 96782 | Full Service B&M | $65,183 |
For 2020, Finance Factors Limited had 13 branches.
Yearly Performance Overview
Bank Income
| Item | Value (in 000's) |
|---|---|
| Total interest income | $23,436 |
| Net interest income | $18,695 |
| Total noninterest income | $5,504 |
| Gross Fiduciary activities income | $0 |
| Service charges on deposit accounts | $1 |
| Trading account gains and fees | $546 |
| Additional Noninterest Income | $4,957 |
| Pre-tax net operating income | $5,531 |
| Securities gains (or losses, -) | $0 |
| Income before extraordinary items | $4,184 |
| Discontinued Operations (Extraordinary gains, net) | $0 |
| Net income of bank and minority interests | $4,184 |
| Minority interest net income | $0 |
| Net income | $4,184 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | $4,184 |
Finance Factors Limited's gross interest income from loans was $23,436,000.
Finance Factors Limited's net interest income from loans was $18,695,000.
Finance Factors Limited's fee based income from loans was $1,000.
Finance Factors Limited's net income from loans was $4,184,000.
Bank Expenses
| Item | Value (in 000's) |
|---|---|
| Total interest expense | $4,741 |
| Provision for credit losses | $0 |
| Total noninterest expense | $18,668 |
| Salaries and employee benefits | $11,949 |
| Premises and equipment expense | $2,149 |
| Additional noninterest expense | $4,570 |
| Applicable income taxes | $1,347 |
| Net charge-offs | $-396 |
| Cash dividends | $2,000 |
Finance Factors Limited's interest expense for loans was $4,741,000.
Finance Factors Limited's payroll and benefits expense were $11,949,000.
Finance Factors Limited's property, plant and equipment expenses $2,149,000.
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 | $447,303 |
| Deposits held in domestic offices | $447,303 |
| Deposits by Individuals, partnerships, and corporations | $442,618 |
| 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. | $4,685 |
| Deposits by Banks in foreign countries | $0 |
| Deposits by Foreign governments and official institutions | $0 |
| Transaction accounts | $857 |
| Demand deposits | $857 |
| Nontransaction accounts | $446,446 |
| Money market deposit accounts (MMDAs) | $183,384 |
| Other savings deposits (excluding MMDAs) | $0 |
| Total time deposits | $263,063 |
| Total time and savings deposits | $446,446 |
| Noninterest-bearing deposits | $857 |
| Interest-bearing deposits | $446,446 |
| Retail deposits | $419,430 |
| IRAs and Keogh plan accounts | $7,351 |
| Brokered deposits | $0 |
| Deposits held in foreign offices | $0 |
Assets
| Asset | Value (in 000's) |
|---|---|
| Total Assets | $589,003 |
| Cash & Balances due from depository institutions | $47,535 |
| Interest-bearing balances | $32,280 |
| Total securities | $76,161 |
| Federal funds sold & reverse repurchase | $0 |
| Net loans and leases | $381,792 |
| Loan and leases loss allowance | $11,944 |
| Trading account assets | $12,875 |
| Bank premises and fixed assets | $42,443 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $371 |
| All other assets | $27,826 |
Liabilities
| Liabilities | Value (in 000's) |
|---|---|
| Total liabilities and capital | $589,003 |
| Total Liabilities | $516,879 |
| Total deposits | $447,303 |
| Interest-bearing deposits | $446,446 |
| Deposits held in domestic offices | $447,303 |
| % insured (estimated) | $92 |
| Federal funds purchased and repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $63,800 |
| Subordinated debt | $0 |
| All other liabilities | $5,776 |
Issued Loan Types
| Type | Value (in 000's) |
|---|---|
| Net loans and leases | $381,792 |
| Loan and leases loss allowance | $11,944 |
| Total loans and leases (domestic) | $393,736 |
| All real estate loans | $389,217 |
| Real estate loans in domestic offices | $379,045 |
| Construction and development loans | $22,795 |
| Residential 1-4 family construction | $1,295 |
| Other construction, all land development and other land | $21,500 |
| Loans secured by nonfarm nonresidential properties | $56,792 |
| Nonfarm nonresidential secured by owner-occupied properties | $4,682 |
| Commercial real estate & other non-farm, non-residential | $52,110 |
| Multifamily residential real estate | $71,931 |
| 1-4 family residential loans | $227,527 |
| Farmland loans | $0 |
| Loans held in foreign offices | $10,172 |
| Farm loans | $0 |
| Commercial and industrial loans | $0 |
| To non-U.S. addressees | $0 |
| Loans to individuals | $5,555 |
| Credit card loans | $0 |
| Related Plans | $5,000 |
| Consumer Auto Loans | $0 |
| Other loans to individuals | $555 |
| 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) | $10,119 |
Finance Factors Limited had $381,792,000 of loans outstanding in 2020. $389,217,000 of loans were in real estate loans. $22,795,000 of loans were in development loans. $71,931,000 of loans were in multifamily mortgage loans. $227,527,000 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 | $8,190 | $282,414 |
| Nonfarm, nonresidential loans - <$100k | 3 | $140 | $46,667 |
| Nonfarm, nonresidential loans - $100-250k | 8 | $889 | $111,125 |
| Nonfarm, nonresidential loans - $250k-1MM | 18 | $7,161 | $397,833 |