Hawaiian Financial Mortgage Rates, Fees & InfoHonolulu, HI
Tax ID: 99-0145540
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewHawaiian Financial is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Hawaiian Financial 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.)
Hawaiian Financial has an above average approval rate when compared to the average across all lenders. Hawaiian Financial is typically a high fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||5.63%||3/28/23|
|30 Year Conventional Purchase||6.04%||3/28/23|
|30 Year Conventional Refi||5.83%||3/28/23|
|30 Year Cash-out Refi||5.85%||3/28/23|
|15 Year Conventional Purchase||5.37%||3/28/23|
|15 Year Conventional Refi||4.66%||3/28/23|
|15 Year Cash-out Refi||4.66%||3/28/23|
|These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.|
Origination Dollar Volume (All Markets)$275,475,000
Hawaiian Financial's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -1.42%.
Relative Fees (Closing Costs)
Hawaiian Financial's average total fees/closing costs for a 30 year fixed rate
mortgage were $17,131.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.
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)||480||$230,490,000||$480,188||$16,632||3.82%|
|KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA)||52||$29,180,000||$561,154||$19,257||4.01%|
|Kapaa, HI (FHA|USDA|VA)||9||$9,025,000||$1,002,778||$26,476||3.66%|
|Hilo, HI (FHA|USDA|VA)||22||$6,780,000||$308,182||$10,134||3.84%|
We use machine learning to identify the top lenders compared against HAWAIIAN FINANCIAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 112
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
For 2022, Hawaiian Financial's most frequently originated type of loan was Conventional, with 499 originations. Their 2nd most popular type was HELOC, with 64 originations.
For 2022, Hawaiian Financial's most frequently cited loan purpose was Home Purchase, with 353 originations. The 2nd most popular reason was Cash Out Refi, with 181 originations.
For 2022, Hawaiian Financial's most frequently cited loan duration was 15 Year, with 338 originations. The 2nd most popular length was 30 Year, with 154 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
Hawaiian Financial's average total fees were $17,131, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 217 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2022, Hawaiian Financial's average interest rate for loans was 3.34%, while their most frequently originated rate bucket for loans was 4-5%, with 177 originations.
2022 saw Hawaiian Financial place emphasis on $200k-400k loans with 188 originations, totaling $52,350,000 in origination value.
Hawaiian Financial lent most frequently to those with incomes in the $100k-150k range, with 144 originations. The second most popular income band? $250k+, with 135 originations.
Applicant Debt to Income Ratio
Hawaiian Financial lent most frequently to those with DTI ratios of 20-30%, with 111 originations. The next most common DTI ratio? 30-36%, with 69 originations.
Approval RatesTotal approvals of all applications
Hawaiian Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Points and Fees
|Points||Originations||Total Value||Average Loan|
|Bank Name||Product||Issue||2022 CPFB Complaints||% of Total Issues|
|Home Point Financial Corporation||Conventional home mortgage||Closing on a mortgage||1||20.0%|
|Home Point Financial Corporation||Conventional home mortgage||Incorrect information on your report||1||20.0%|
|Home Point Financial Corporation||Conventional home mortgage||Struggling to pay mortgage||1||20.0%|
|Home Point Financial Corporation||Conventional home mortgage||Trouble during payment process||1||20.0%|
|Home Point Financial Corporation||VA mortgage||Trouble during payment process||1||20.0%|