Hawaiian Financial Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 5493004NKDOFN55L5X23

Tax ID: 99-0145540

1.7 stars - Updated: 4/16/25 - out of 5 stars, based on 12 reviews

Latest/2024 | 2023 Data | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Hawaiian Financial is a smaller mortgage company specializing in Home Purchase 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. They have an above average pick rate when compared to similar 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.

    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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.48% 4/16/25
    30 Year Conventional Refi 6.29% 4/16/25
    30 Year Cash-out Refi 6.14% 4/16/25
    15 Year Conventional Purchase 6.38% 4/16/25
    15 Year Conventional Refi 5.84% 4/16/25
    15 Year Cash-out Refi 5.84% 4/16/25
    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.

    Hawaiian Financial Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Hawaiian Financial. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    145

    Origination Dollar Volume (All Markets)

    $79,195,000

    Awards

    HAWAIIAN FINANCIAL 30 Year Conventional Loans silver HAWAIIAN FINANCIAL 30 Year Conventional Loans gold
    Show all (2) awards

    Relative Rate

    Hawaiian Financial's average 30 year fixed mortgage rate was 6.21%.

    The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.

    This yields a difference of -0.34%.

    Relative Fees (Closing Costs)

    Hawaiian Financial's average total fees/closing costs for a 30 year fixed rate mortgage were $12,735.

    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 $8,356.

    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 $66,080,000 $524,444 $15,103 6.42%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 13 $9,215,000 $708,846 $21,824 6.30%
    Kapaa, HI (FHA|USDA|VA) 3 $2,065,000 $688,333 $0 6.50%
    Hilo, HI (FHA|USDA|VA) 3 $1,835,000 $611,667 $11,328 6.17%
    Hawaiian Financial's top markets include Urban Honolulu, Kahului, Kapaa, and Hilo among others.

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

    • Similar Lenders

    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.

    University of Hawaii Federal Credit Union
    Similarity Rank: 78
    HAWAIIAN FINANCIAL
    Similarity Rank: 140
    Territorial Savings Bank
    Similarity Rank: 156
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 172
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 180
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 188
    Central Pacific Bank
    Similarity Rank: 252
    First Hawaiian Bank
    Similarity Rank: 316
    American Savings Bank, FSB
    Similarity Rank: 320
    Bank of Hawaii
    Similarity Rank: 340

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 145 $79,195,000 $546,172 $15,292 6.41%

    For 2024, Hawaiian Financial's most frequently originated type of loan was Conventional, with 145 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 101 $58,915,000 $583,317 $18,081 6.41%
    Cash Out Refi 34 $14,530,000 $427,353 $8,847 6.46%
    Refi 9 $5,245,000 $582,778 $11,600 6.17%
    Home Improvement 1 $505,000 $505,000 $8,574 6.13%

    For 2024, Hawaiian Financial's most frequently cited loan purpose was Home Purchase, with 101 originations. The 2nd most popular reason was Cash Out Refi, with 34 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 109 $57,875,000 $530,963 $17,471 6.46%
    30 Year 32 $19,280,000 $602,500 $12,735 6.21%
    Other 3 $1,895,000 $631,667 $19,318 6.25%
    3 Year 1 $145,000 $145,000 $0 7.00%

    For 2024, Hawaiian Financial's most frequently cited loan duration was 15 Year, with 109 originations. The 2nd most popular length was 30 Year, with 32 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 50 $31,880,000 $637,600
    $<1k 6 $2,580,000 $430,000
    $3k-4k 6 $1,890,000 $315,000
    $1k-2k 2 $880,000 $440,000
    $4k-5k 2 $610,000 $305,000
    $2k-3k 1 $755,000 $755,000

    Hawaiian Financial's average total fees were $12,735, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 50 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 120 $68,500,000 $570,833
    5-6% 15 $7,545,000 $503,000
    7-8% 10 $3,150,000 $315,000

    During 2024, Hawaiian Financial's average interest rate for loans was 6.21%, while their most frequently originated rate bucket for loans was 6-7%, with 120 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $600k-1MM 45 $34,525,000 $767,222 $20,038 6.36%
    $200k-400k 42 $11,900,000 $283,333 $8,895 6.34%
    $400k-600k 40 $20,200,000 $505,000 $14,891 6.38%
    $1MM+ 9 $11,565,000 $1,285,000 $28,042 6.44%
    $100k-200k 6 $850,000 $141,667 $3,431 6.90%
    $100,000 or less 3 $155,000 $51,667 $1,214 7.25%

    2024 saw Hawaiian Financial place emphasis on $600k-1MM loans with 45 originations, totaling $34,525,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 48 $28,550,000 $594,792 $16,165 6.43%
    $250k+ 46 $30,260,000 $657,826 $23,581 6.42%
    $100k-150k 29 $13,095,000 $451,552 $13,093 6.42%
    $75k-100k 11 $4,195,000 $381,364 $10,333 6.11%
    $50k-75k 10 $2,930,000 $293,000 $6,995 6.53%
    $50k or less 1 $165,000 $165,000 $0 6.38%

    Hawaiian Financial lent most frequently to those with incomes in the $150k-250k range, with 48 originations. The second most popular income band? $250k+, with 46 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 23 $13,775,000 $598,913 $20,632 6.28%
    30-36% 18 $11,290,000 $627,222 $15,513 6.46%
    <20% 12 $6,730,000 $560,833 $34,502 6.56%
    42% 10 $5,200,000 $520,000 $14,132 6.34%
    46% 9 $5,805,000 $645,000 $17,340 6.33%
    49% 8 $4,630,000 $578,750 $15,542 6.47%
    45% 8 $3,180,000 $397,500 $9,369 6.59%
    41% 8 $4,250,000 $531,250 $15,598 6.16%
    43% 7 $3,965,000 $566,429 $10,817 6.27%
    37% 7 $2,575,000 $367,857 $11,661 6.21%
    44% 6 $2,780,000 $463,333 $6,465 6.65%
    47% 6 $2,750,000 $458,333 $19,928 6.44%
    48% 6 $3,740,000 $623,333 $22,545 6.73%
    39% 5 $2,515,000 $503,000 $31,560 6.53%
    40% 5 $2,755,000 $551,000 $8,323 6.33%
    38% 3 $1,435,000 $478,333 $13,859 6.25%
    36% 3 $1,795,000 $598,333 $13,505 6.33%
    50-60% 1 $25,000 $25,000 $942 7.25%

    Hawaiian Financial lent most frequently to those with DTI ratios of 20-30%, with 23 originations. The next most common DTI ratio? 30-36%, with 18 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 101 $52,155,000 $516,386 $14,810 6.39%
    White 34 $21,000,000 $617,647 $17,123 6.47%
    Native Hawaiian or Islander 2 $2,180,000 $1,090,000 $46,932 6.31%
    Not provided 4 $1,480,000 $370,000 $942 6.69%
    Chinese 1 $805,000 $805,000 $9,727 6.50%
    Native Hawaiian 1 $775,000 $775,000 $6,146 5.63%
    American Indian 1 $595,000 $595,000 $0 6.13%
    Black 1 $205,000 $205,000 $0 6.38%

    Approval Rates

    Total approvals of all applications
    94.23%

    Hawaiian Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    98.62%

    Hawaiian Financial has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 145 $79,195,000 $546,172

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    145 $79,195,000 $546,172

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 13 $4,945,000 $380,385 $11,296 6.24%
    40-60% 33 $15,265,000 $462,576 $11,971 6.26%
    60-80% 85 $51,645,000 $607,588 $19,656 6.45%
    80-100% 7 $6,255,000 $893,571 $19,740 6.48%
    Under 20% 7 $1,085,000 $155,000 $4,823 6.75%