Hawaii State Federal Credit Union Mortgage Rates, Fees & Info
Honolulu, HILEI: 5493005VBGFDRV6FSU19
Tax ID: 99-0073431
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Hawaii State Federal Credit Union is a smaller credit union specializing in Home Improvement, Refi, and Home Purchase loans. Hawaii State Federal Credit Union 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.)Hawaii State Federal Credit Union has a below average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Hawaii State Federal Credit Union 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 relatively high 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) | 6.27% | 11/17/24 |
| 30 Year Conventional Purchase | 6.38% | 11/17/24 |
| 30 Year Conventional Refi | 6.36% | 11/17/24 |
| 30 Year Cash-out Refi | 6.37% | 11/17/24 |
| 30 Year VA Purchase | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 5.74% | 11/17/24 |
| 15 Year Conventional Refi | 5.87% | 11/17/24 |
| 15 Year Cash-out Refi | 5.87% | 11/17/24 |
| 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. | ||
Hawaii State Federal Credit Union Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Hawaii State Federal Credit Union. 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
784Origination Dollar Volume (All Markets)
$207,370,000Relative Rate
Hawaii State Federal Credit Union's average 30 year fixed mortgage rate was
5.89%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.59%.
Relative Fees (Closing Costs)
Hawaii State Federal Credit Union's average total fees/closing costs for a 30 year fixed rate
mortgage were $11,572.
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 $9,089.
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) | 659 | $179,175,000 | $271,889 | $11,526 | 5.92% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 110 | $23,700,000 | $215,455 | $10,909 | 5.76% |
| Hilo, HI (FHA|USDA|VA) | 7 | $2,485,000 | $355,000 | $10,240 | 6.21% |
| Kapaa, HI (FHA|USDA|VA) | 8 | $2,010,000 | $251,250 | $13,633 | 5.42% |
Similar Lenders
We use machine learning to identify the top lenders compared against HAWAII STATE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 6
Similarity Rank: 39
Similarity Rank: 112
Similarity Rank: 112
Similarity Rank: 124
Similarity Rank: 128
Similarity Rank: 152
Similarity Rank: 152
Similarity Rank: 245
Similarity Rank: 295
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 649 | $119,895,000 | $184,738 | n/a | 5.80% |
| Conventional | 134 | $87,060,000 | $649,701 | $11,458 | 6.36% |
| VA | 1 | $415,000 | $415,000 | $14,362 | 5.63% |
For 2023, Hawaii State Federal Credit Union's most frequently originated type of loan was HELOC, with 649 originations. Their 2nd most popular type was Conventional, with 134 originations.
Loan Reason
For 2023, Hawaii State Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 358 originations. The 2nd most popular reason was Refi, with 166 originations.
Loan Duration/Length
For 2023, Hawaii State Federal Credit Union's most frequently cited loan duration was 30 Year, with 760 originations. The 2nd most popular length was 10 Year, with 13 originations.
Origination Fees/Closing Costs
Hawaii State Federal Credit Union's average total fees were $11,572, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 72 originations.
Interest Rates
During 2023, Hawaii State Federal Credit Union's average interest rate for loans was 5.89%, while their most frequently originated rate bucket for loans was 4-5%, with 223 originations.
Loan Sizing
2023 saw Hawaii State Federal Credit Union place emphasis on $200k-400k loans with 286 originations, totaling $72,950,000 in origination value.
Applicant Income
Hawaii State Federal Credit Union lent most frequently to those with incomes in the $150k-250k range, with 260 originations. The second most popular income band? $100k-150k, with 253 originations.
Applicant Debt to Income Ratio
Hawaii State Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 193 originations. The next most common DTI ratio? 30-36%, with 90 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.55%
Hawaii State Federal Credit Union has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination90.82%
Hawaii State Federal Credit Union has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 784 | $207,370,000 | $264,503 |