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, Refi, and Cash Out Refi 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 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% 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






    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

    522

    Origination Dollar Volume (All Markets)

    $247,680,000

    Awards

    HAWAIIAN FINANCIAL 30 Year Conventional Loans gold 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) 486 $234,270,000 $482,037 $8,822 2.80%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 23 $9,135,000 $397,174 $5,877 3.01%
    Hilo, HI (FHA|USDA|VA) 9 $2,495,000 $277,222 $7,041 3.10%
    Kapaa, HI (FHA|USDA|VA) 4 $1,780,000 $445,000 $4,432 2.81%
    Hawaiian Financial's top markets include Urban Honolulu, Kahului, Hilo, and Kapaa 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.

    HONOLULU
    Similarity Rank: 53
    ALOHA PACIFIC
    Similarity Rank: 140
    University of Hawaii Federal Credit Union
    Similarity Rank: 204
    HAWAIIAN FINANCIAL
    Similarity Rank: 212
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 315
    American Mortgage and Insurance Inc.
    Similarity Rank: 520
    Territorial Savings Bank
    Similarity Rank: 532
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 664
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 676
    COMPASS HOME LOANS, LLC
    Similarity Rank: 704

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 522 $247,680,000 $474,483 $8,655 2.82%

    For 2021, Hawaiian Financial's most frequently originated type of loan was Conventional, with 522 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 218 $111,950,000 $513,532 $10,015 3.07%
    Refi 156 $65,020,000 $416,795 $5,707 2.54%
    Cash Out Refi 142 $67,500,000 $475,352 $10,479 2.75%
    Home Improvement 6 $3,210,000 $535,000 $9,168 2.67%

    For 2021, Hawaiian Financial's most frequently cited loan purpose was Home Purchase, with 218 originations. The 2nd most popular reason was Refi, with 156 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 351 $186,575,000 $531,553 $8,942 2.61%
    15 Year 162 $57,190,000 $353,025 $7,622 3.28%
    20 Year 7 $2,745,000 $392,143 $5,153 2.46%
    Other 2 $1,170,000 $585,000 $4,666 2.69%

    For 2021, Hawaiian Financial's most frequently cited loan duration was 30 Year, with 351 originations. The 2nd most popular length was 15 Year, with 162 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 178 $84,740,000 $476,067
    $5k+ 130 $85,430,000 $657,154
    $3k-4k 39 $14,915,000 $382,436
    $2k-3k 33 $10,915,000 $330,758
    $1k-2k 24 $8,340,000 $347,500
    $4k-5k 22 $8,930,000 $405,909

    Hawaiian Financial's average total fees were $8,942, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 178 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 199 $101,935,000 $512,236
    2.5-3% 191 $89,265,000 $467,356
    3-4% 108 $49,580,000 $459,074
    4-5% 24 $6,900,000 $287,500

    During 2021, Hawaiian Financial's average interest rate for loans was 2.61%, while their most frequently originated rate bucket for loans was <2.5%, with 199 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 170 $51,790,000 $304,647 $5,385 2.77%
    $400k-600k 150 $75,500,000 $503,333 $10,215 2.82%
    $600k-1MM 125 $89,815,000 $718,520 $9,939 2.77%
    $100k-200k 60 $9,560,000 $159,333 $4,389 3.03%
    $1MM+ 10 $20,490,000 $2,049,000 $39,684 2.50%
    $100,000 or less 7 $525,000 $75,000 $4,154 3.38%

    2021 saw Hawaiian Financial place emphasis on $200k-400k loans with 170 originations, totaling $51,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 173 $88,795,000 $513,266 $7,986 2.76%
    $150k-250k 98 $48,570,000 $495,612 $12,654 2.89%
    $75k-100k 98 $38,380,000 $391,633 $6,099 2.74%
    $250k+ 78 $50,960,000 $653,333 $14,750 3.11%
    $50k-75k 61 $18,465,000 $302,705 $5,275 2.63%
    $50k or less 14 $2,510,000 $179,286 $4,226 2.81%

    Hawaiian Financial lent most frequently to those with incomes in the $100k-150k range, with 173 originations. The second most popular income band? $150k-250k, with 98 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 122 $65,120,000 $533,770 $9,038 2.82%
    20-30% 109 $46,475,000 $426,376 $10,500 2.74%
    <20% 42 $16,170,000 $385,000 $6,279 2.72%
    42% 29 $14,185,000 $489,138 $9,121 2.86%
    41% 27 $12,705,000 $470,556 $7,682 2.92%
    44% 27 $13,815,000 $511,667 $9,477 2.87%
    37% 23 $12,545,000 $545,435 $8,714 2.86%
    40% 22 $10,350,000 $470,455 $6,050 2.82%
    39% 19 $7,665,000 $403,421 $6,982 2.81%
    36% 18 $9,670,000 $537,222 $8,871 2.68%
    43% 17 $8,625,000 $507,353 $9,488 3.32%
    38% 16 $6,480,000 $405,000 $5,695 2.68%
    45% 14 $5,680,000 $405,714 $5,866 3.28%
    46% 11 $4,455,000 $405,000 $9,204 2.74%
    47% 10 $4,570,000 $457,000 $8,683 2.51%
    48% 8 $4,790,000 $598,750 $8,945 2.86%
    49% 7 $3,975,000 $567,857 $6,186 2.59%

    Hawaiian Financial lent most frequently to those with DTI ratios of 30-36%, with 122 originations. The next most common DTI ratio? 20-30%, with 109 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 367 $172,235,000 $469,305 $8,527 2.79%
    White 105 $50,705,000 $482,905 $9,946 2.97%
    Native Hawaiian or Islander 30 $13,320,000 $444,000 $5,902 2.69%
    Not provided 16 $7,490,000 $468,125 $6,432 2.73%
    Black 2 $3,030,000 $1,515,000 $39,544 2.38%
    American Indian 1 $495,000 $495,000 $4,349 2.75%
    Chinese 1 $405,000 $405,000 $2,691 2.38%

    Approval Rates

    Total approvals of all applications
    99.43%

    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
    99.81%

    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 522 $247,680,000 $474,483

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    522 $247,680,000 $474,483

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 72 $25,150,000 $349,306 $5,172 2.60%
    40-60% 129 $53,675,000 $416,085 $6,953 2.69%
    60-80% 266 $140,950,000 $529,887 $11,561 2.95%
    80-100% 46 $26,200,000 $569,565 $6,601 2.76%
    Under 20% 9 $1,705,000 $189,444 $4,415 2.81%

    Complaints

    Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
    Home Point Financial Corporation VA mortgage Trouble during payment process 13 9.5%
    Home Point Financial Corporation FHA mortgage Trouble during payment process 12 8.8%
    Home Point Financial Corporation VA mortgage Applying for a mortgage or refinancing an existing mortgage 1 0.7%
    Home Point Financial Corporation VA mortgage Struggling to pay mortgage 10 7.3%
    Home Point Financial Corporation Conventional home mortgage Applying for a mortgage or refinancing an existing mortgage 12 8.8%
    Home Point Financial Corporation Conventional home mortgage Closing on a mortgage 2 1.5%
    Home Point Financial Corporation Conventional home mortgage Incorrect information on your report 2 1.5%
    Home Point Financial Corporation Conventional home mortgage Struggling to pay mortgage 8 5.8%
    Home Point Financial Corporation Conventional home mortgage Trouble during payment process 56 40.9%
    Home Point Financial Corporation FHA mortgage Applying for a mortgage or refinancing an existing mortgage 10 7.3%
    Home Point Financial Corporation FHA mortgage Closing on a mortgage 1 0.7%
    Home Point Financial Corporation FHA mortgage Improper use of your report 1 0.7%
    Home Point Financial Corporation FHA mortgage Incorrect information on your report 1 0.7%
    Home Point Financial Corporation FHA mortgage Problem with a credit reporting company's investigation into an existing problem 3 2.2%
    Home Point Financial Corporation FHA mortgage Struggling to pay mortgage 5 3.6%