Hawaii State Federal Credit Union Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 5493005VBGFDRV6FSU19

Tax ID: 99-0073431

4.3 stars - Updated: 5/20/24 - out of 5 stars, based on 28 reviews

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.

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
Home Equity Line of Credit (HELOC) 6.27% 5/20/24
30 Year Conventional Purchase 6.38% 5/20/24
30 Year Conventional Refi 6.36% 5/20/24
30 Year Cash-out Refi 6.37% 5/20/24
30 Year VA Purchase 6.27% 5/20/24
15 Year Conventional Purchase 5.74% 5/20/24
15 Year Conventional Refi 5.87% 5/20/24
15 Year Cash-out Refi 5.87% 5/20/24
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

784

Origination Dollar Volume (All Markets)

$207,370,000

Relative 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%
Hawaii State Federal Credit Union'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 HAWAII STATE FEDERAL CREDIT UNION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 112
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 112
    Territorial Savings Bank
    Similarity Rank: 124
    Central Pacific Bank
    Similarity Rank: 128
    HAWAIIAN FINANCIAL
    Similarity Rank: 152
    American Savings Bank, FSB
    Similarity Rank: 152
    First Hawaiian Bank
    Similarity Rank: 245
    Bank of Hawaii
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 358 $64,000,000 $178,771 $10,734 5.79%
    Refi 166 $41,960,000 $252,771 $8,428 5.64%
    Home Purchase 117 $69,755,000 $596,197 $11,642 6.51%
    Other 117 $18,875,000 $161,325 $0 5.85%
    Cash Out Refi 26 $12,780,000 $491,538 $12,226 6.37%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 760 $182,320,000 $239,895 $11,572 5.89%
    10 Year 13 $17,065,000 $1,312,692 $0 6.23%
    5 Year 5 $5,955,000 $1,191,000 $0 5.15%
    15 Year 3 $635,000 $211,667 $8,188 5.88%
    Other 2 $860,000 $430,000 $0 8.38%
    3 Year 1 $535,000 $535,000 $0 6.65%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 72 $41,240,000 $572,778
    $3k-4k 11 $5,835,000 $530,455
    $2k-3k 10 $4,860,000 $486,000
    $<1k 8 $4,650,000 $581,250
    $1k-2k 7 $3,595,000 $513,571
    $4k-5k 6 $2,880,000 $480,000

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 223 $43,675,000 $195,852
    5-6% 201 $58,455,000 $290,821
    6-7% 162 $62,720,000 $387,160
    7-8% 96 $23,880,000 $248,750
    3-4% 59 $11,765,000 $199,407
    Over 8% 43 $6,875,000 $159,884

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 286 $72,950,000 $255,070 $8,987 5.54%
    $100k-200k 239 $33,965,000 $142,113 $6,023 5.99%
    $100,000 or less 133 $8,985,000 $67,556 $0 6.06%
    $400k-600k 64 $29,570,000 $462,031 $11,366 6.47%
    $600k-1MM 42 $30,980,000 $737,619 $13,688 6.29%
    $1MM+ 20 $30,920,000 $1,546,000 $17,128 6.12%

    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

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 260 $67,690,000 $260,346 $13,506 5.99%
    $100k-150k 253 $55,295,000 $218,557 $11,347 5.85%
    $75k-100k 90 $16,730,000 $185,889 $9,281 5.61%
    $250k+ 84 $29,630,000 $352,738 $11,897 6.16%
    $50k-75k 55 $9,365,000 $170,273 $9,000 5.63%
    $50k or less 13 $1,555,000 $119,615 $0 5.55%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 193 $35,595,000 $184,430 $9,601 5.53%
    30-36% 90 $23,150,000 $257,222 $9,407 6.11%
    20-30% 70 $17,050,000 $243,571 $12,494 5.77%
    44% 64 $11,250,000 $175,781 $10,444 6.07%
    49% 41 $16,345,000 $398,659 $11,873 6.19%
    43% 36 $10,350,000 $287,500 $15,263 5.93%
    48% 35 $10,775,000 $307,857 $12,569 5.81%
    41% 26 $6,130,000 $235,769 $13,028 6.41%
    42% 26 $4,780,000 $183,846 $14,768 5.98%
    45% 25 $5,555,000 $222,200 $9,979 6.33%
    40% 25 $6,535,000 $261,400 $10,527 5.97%
    36% 22 $4,870,000 $221,364 $11,149 5.84%
    47% 21 $7,205,000 $343,095 $11,886 6.19%
    37% 18 $4,580,000 $254,444 $10,024 6.05%
    39% 18 $4,860,000 $270,000 $16,250 5.62%
    46% 17 $3,935,000 $231,471 $6,702 5.82%
    <20% 15 $3,915,000 $261,000 $8,375 5.43%
    38% 14 $3,680,000 $262,857 $7,095 6.65%
    >60% 7 $2,395,000 $342,143 $18,951 5.61%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 419 $103,665,000 $247,411 $11,744 5.97%
    White 129 $31,415,000 $243,527 $11,406 5.85%
    Not applicable 20 $23,710,000 $1,185,500 $0 6.17%
    Native Hawaiian or Islander 80 $18,030,000 $225,375 $10,071 5.85%
    Not provided 70 $16,970,000 $242,429 $11,119 5.77%
    Japanese 13 $3,215,000 $247,308 $9,438 5.37%
    Filipino 16 $3,120,000 $195,000 $0 5.49%
    American Indian 11 $2,815,000 $255,909 $13,536 5.78%
    Black 10 $1,750,000 $175,000 $5,109 6.35%
    Chinese 4 $840,000 $210,000 $0 4.51%
    Other Pacific Islander 4 $610,000 $152,500 $0 5.16%
    Other Asian 3 $445,000 $148,333 $0 4.75%
    Native Hawaiian 3 $425,000 $141,667 $0 5.86%
    Korean 1 $255,000 $255,000 $0 4.35%
    Guamanian 1 $105,000 $105,000 $0 9.00%

    Approval Rates

    Total approvals of all applications
    69.55%

    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 origination
    90.82%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    784 $207,370,000 $264,503

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 239 $60,155,000 $251,695 $8,657 5.63%
    40-60% 57 $28,635,000 $502,368 $11,705 6.20%
    60-80% 46 $38,020,000 $826,522 $11,827 6.30%
    80-100% 42 $24,670,000 $587,381 $12,077 6.46%
    Under 20% 400 $55,890,000 $139,725 $5,162 5.91%