Hawaiian Financial Mortgage Rates, Fees & Info
Honolulu, HILEI: 5493004NKDOFN55L5X23
Tax ID: 99-0145540
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Mortgage Data
Review & Overview
Hawaiian Financial is a smaller mortgage company specializing in Refi, Cash Out Refi, and Home Purchase loans. Hawaiian Financial 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.)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 an average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 5.63% | 11/21/24 |
| 30 Year Conventional Purchase | 6.04% | 11/21/24 |
| 30 Year Conventional Refi | 5.83% | 11/21/24 |
| 30 Year Cash-out Refi | 5.85% | 11/21/24 |
| 15 Year Conventional Purchase | 5.37% | 11/21/24 |
| 15 Year Conventional Refi | 4.66% | 11/21/24 |
| 15 Year Cash-out Refi | 4.66% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
552Origination Dollar Volume (All Markets)
$254,500,000Awards
HAWAIIAN FINANCIAL - 2020
HAWAIIAN FINANCIAL is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 522 | $239,780,000 | $459,349 | $6,157 | 2.90% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 17 | $9,585,000 | $563,824 | $5,922 | 2.99% |
| Hilo, HI (FHA|USDA|VA) | 8 | $3,080,000 | $385,000 | $5,276 | 3.08% |
| Kapaa, HI (FHA|USDA|VA) | 5 | $2,055,000 | $411,000 | $5,854 | 3.43% |
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.
Similarity Rank: 92
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Similarity Rank: 204
Similarity Rank: 495
Similarity Rank: 568
Similarity Rank: 572
Similarity Rank: 740
Similarity Rank: 776
Similarity Rank: 888
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 552 | $254,500,000 | $461,051 | $6,136 | 2.91% |
For 2020, Hawaiian Financial's most frequently originated type of loan was Conventional, with 552 originations.
Loan Reason
For 2020, Hawaiian Financial's most frequently cited loan purpose was Refi, with 226 originations. The 2nd most popular reason was Cash Out Refi, with 182 originations.
Loan Duration/Length
For 2020, Hawaiian Financial's most frequently cited loan duration was 30 Year, with 384 originations. The 2nd most popular length was 15 Year, with 147 originations.
Origination Fees/Closing Costs
Hawaiian Financial's average total fees were $6,182, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 257 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 212 | $99,840,000 | $470,943 |
| <2.5% | 175 | $78,635,000 | $449,343 |
| 3-4% | 142 | $68,420,000 | $481,831 |
| 4-5% | 23 | $7,605,000 | $330,652 |
During 2020, Hawaiian Financial's average interest rate for loans was 2.77%, while their most frequently originated rate bucket for loans was 2.5-3%, with 212 originations.
Loan Sizing
2020 saw Hawaiian Financial place emphasis on $200k-400k loans with 184 originations, totaling $57,070,000 in origination value.
Applicant Income
Hawaiian Financial lent most frequently to those with incomes in the $100k-150k range, with 177 originations. The second most popular income band? $150k-250k, with 146 originations.
Applicant Debt to Income Ratio
Hawaiian Financial lent most frequently to those with DTI ratios of 20-30%, with 131 originations. The next most common DTI ratio? 30-36%, with 116 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.58%
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 origination99.64%
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 | 552 | $254,500,000 | $461,051 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 552 | $254,500,000 | $461,051 |
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2020 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| Home Point Financial Corporation | VA mortgage | Trouble during payment process | 17 | 13.4% |
| Home Point Financial Corporation | VA mortgage | Incorrect information on your report | 1 | 0.8% |
| Home Point Financial Corporation | VA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.8% |
| Home Point Financial Corporation | VA mortgage | Struggling to pay mortgage | 4 | 3.1% |
| Home Point Financial Corporation | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 4 | 3.1% |
| Home Point Financial Corporation | Conventional home mortgage | Closing on a mortgage | 2 | 1.6% |
| Home Point Financial Corporation | Conventional home mortgage | Incorrect information on your report | 4 | 3.1% |
| Home Point Financial Corporation | Conventional home mortgage | Struggling to pay mortgage | 10 | 7.9% |
| Home Point Financial Corporation | Conventional home mortgage | Trouble during payment process | 31 | 24.4% |
| Home Point Financial Corporation | FHA mortgage | Applying for a mortgage or refinancing an existing mortgage | 8 | 6.3% |
| Home Point Financial Corporation | FHA mortgage | Closing on a mortgage | 2 | 1.6% |
| Home Point Financial Corporation | FHA mortgage | Incorrect information on your report | 1 | 0.8% |
| Home Point Financial Corporation | FHA mortgage | Problem with a credit reporting company's investigation into an existing problem | 1 | 0.8% |
| Home Point Financial Corporation | FHA mortgage | Struggling to pay mortgage | 10 | 7.9% |
| Home Point Financial Corporation | FHA mortgage | Trouble during payment process | 21 | 16.5% |
| Home Point Financial Corporation | Other type of mortgage | Closing on a mortgage | 1 | 0.8% |
| Home Point Financial Corporation | Other type of mortgage | Trouble during payment process | 5 | 3.9% |
| Home Point Financial Corporation | VA mortgage | Applying for a mortgage or refinancing an existing mortgage | 2 | 1.6% |
| Home Point Financial Corporation | VA mortgage | Closing on a mortgage | 2 | 1.6% |