Hawaiian Financial Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 5493004NKDOFN55L5X23

Tax ID: 99-0145540

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • 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 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. 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.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 5.63% 4/22/24
    30 Year Conventional Purchase 6.04% 4/22/24
    30 Year Conventional Refi 5.83% 4/22/24
    30 Year Cash-out Refi 5.85% 4/22/24
    15 Year Conventional Purchase 5.37% 4/22/24
    15 Year Conventional Refi 4.66% 4/22/24
    15 Year Cash-out Refi 4.66% 4/22/24
    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

    285

    Origination Dollar Volume (All Markets)

    $126,545,000

    Awards

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

    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) 269 $117,055,000 $435,149 $10,798 3.84%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 9 $5,025,000 $558,333 $7,853 3.54%
    Kapaa, HI (FHA|USDA|VA) 1 $2,935,000 $2,935,000 $0 3.63%
    Hilo, HI (FHA|USDA|VA) 6 $1,530,000 $255,000 $4,671 4.06%
    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.

    Maui County Federal Credit Union
    Similarity Rank: 62
    University of Hawaii Federal Credit Union
    Similarity Rank: 150
    ALOHA PACIFIC
    Similarity Rank: 225
    HAWAIIAN FINANCIAL
    Similarity Rank: 228
    Territorial Savings Bank
    Similarity Rank: 244
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 352
    Central Pacific Bank
    Similarity Rank: 515
    Bank of Hawaii
    Similarity Rank: 524
    First Hawaiian Bank
    Similarity Rank: 575
    American Savings Bank, FSB
    Similarity Rank: 610

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 285 $126,545,000 $444,018 $10,579 3.84%

    For 2019, Hawaiian Financial's most frequently originated type of loan was Conventional, with 285 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 185 $83,565,000 $451,703 $12,390 3.86%
    Cash Out Refi 78 $32,530,000 $417,051 $8,099 3.81%
    Refi 22 $10,450,000 $475,000 $8,188 3.77%

    For 2019, Hawaiian Financial's most frequently cited loan purpose was Home Purchase, with 185 originations. The 2nd most popular reason was Cash Out Refi, with 78 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 174 $71,010,000 $408,103 $11,577 3.89%
    30 Year 110 $55,100,000 $500,909 $9,992 3.75%
    20 Year 1 $435,000 $435,000 $8,561 4.00%

    For 2019, Hawaiian Financial's most frequently cited loan duration was 15 Year, with 174 originations. The 2nd most popular length was 30 Year, with 110 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 94 $53,930,000 $573,723
    $<1k 25 $9,255,000 $370,200
    $3k-4k 16 $5,590,000 $349,375
    $1k-2k 11 $3,715,000 $337,727
    $4k-5k 10 $3,730,000 $373,000
    $2k-3k 9 $3,255,000 $361,667

    Hawaiian Financial's average total fees were $9,992, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 94 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 204 $99,320,000 $486,863
    4-5% 77 $26,025,000 $337,987
    2.5-3% 4 $1,200,000 $300,000

    During 2019, Hawaiian Financial's average interest rate for loans was 3.75%, while their most frequently originated rate bucket for loans was 3-4%, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 115 $34,135,000 $296,826 $7,069 3.85%
    $400k-600k 72 $36,050,000 $500,694 $10,884 3.74%
    $600k-1MM 46 $32,990,000 $717,174 $14,515 3.81%
    $100k-200k 37 $5,695,000 $153,919 $4,523 4.09%
    $1MM+ 13 $17,535,000 $1,348,846 $29,319 3.59%
    $100,000 or less 2 $140,000 $70,000 $2,420 4.25%

    2019 saw Hawaiian Financial place emphasis on $200k-400k loans with 115 originations, totaling $34,135,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 70 $29,320,000 $418,857 $10,597 3.79%
    $250k+ 62 $34,490,000 $556,290 $18,931 3.83%
    $75k-100k 53 $21,905,000 $413,302 $10,864 3.84%
    $150k-250k 49 $25,825,000 $527,041 $10,672 3.82%
    $50k-75k 41 $12,445,000 $303,537 $6,897 3.93%
    $50k or less 10 $2,560,000 $256,000 $3,863 3.84%

    Hawaiian Financial lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $250k+, with 62 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 62 $27,740,000 $447,419 $11,799 3.71%
    30-36% 61 $24,195,000 $396,639 $7,912 3.86%
    <20% 27 $10,775,000 $399,074 $8,910 3.81%
    43% 18 $7,480,000 $415,556 $7,208 4.09%
    37% 17 $7,605,000 $447,353 $9,385 3.82%
    41% 16 $6,880,000 $430,000 $10,092 3.88%
    42% 12 $5,520,000 $460,000 $10,212 3.75%
    44% 12 $7,020,000 $585,000 $16,187 3.95%
    38% 12 $8,650,000 $720,833 $14,468 3.80%
    39% 11 $4,505,000 $409,545 $8,527 3.90%
    40% 11 $4,675,000 $425,000 $13,989 3.88%
    36% 7 $2,075,000 $296,429 $8,814 4.11%
    45% 7 $3,025,000 $432,143 $13,305 3.88%
    49% 5 $2,505,000 $501,000 $8,961 3.60%
    47% 4 $1,930,000 $482,500 $11,934 4.06%
    46% 3 $1,965,000 $655,000 $14,142 3.58%

    Hawaiian Financial lent most frequently to those with DTI ratios of 20-30%, with 62 originations. The next most common DTI ratio? 30-36%, with 61 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 187 $83,295,000 $445,428 $10,716 3.81%
    White 60 $29,700,000 $495,000 $12,130 3.94%
    Not provided 23 $8,015,000 $348,478 $7,611 3.70%
    Native Hawaiian or Islander 11 $4,445,000 $404,091 $8,445 3.98%
    Black 2 $710,000 $355,000 $4,646 4.06%
    American Indian 1 $225,000 $225,000 $2,647 3.75%
    Japanese 1 $155,000 $155,000 $5,454 3.88%

    Approval Rates

    Total approvals of all applications
    96.01%

    Hawaiian Financial has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    98.60%

    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 285 $126,545,000 $444,018

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 285 $126,545,000 $444,018

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 20 $4,770,000 $238,500 $5,508 3.76%
    40-60% 46 $19,180,000 $416,957 $8,714 3.77%
    60-80% 172 $82,720,000 $480,930 $12,719 3.82%
    80-100% 43 $19,385,000 $450,814 $10,025 3.96%
    Under 20% 4 $490,000 $122,500 $3,224 4.25%

    Complaints

    Bank Name Product Issue 2019 CPFB Complaints % of Total Issues
    Home Financial Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 1 100.0%