Hawaii State Federal Credit Union Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 5493005VBGFDRV6FSU19

Tax ID: 99-0073431

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    Hawaii State Federal Credit Union is a smaller credit union specializing in Refi, Home Purchase, and Cash Out Refi 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 an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hawaii State Federal Credit Union 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.

    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% 12/16/24
    30 Year Conventional Purchase 6.38% 12/16/24
    30 Year Conventional Refi 6.36% 12/16/24
    30 Year Cash-out Refi 6.37% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    15 Year Conventional Purchase 5.74% 12/16/24
    15 Year Conventional Refi 5.87% 12/16/24
    15 Year Cash-out Refi 5.87% 12/16/24
    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

    1,137

    Origination Dollar Volume (All Markets)

    $252,135,000

    Awards

    HAWAII STATE FEDERAL CREDIT UNION 30 Year Conventional Loans bronze
    Show all (1) 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) 1,075 $240,905,000 $224,098 $8,060 3.66%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 48 $9,030,000 $188,125 $8,499 4.13%
    Hilo, HI (FHA|USDA|VA) 10 $1,690,000 $169,000 $5,724 4.13%
    Kapaa, HI (FHA|USDA|VA) 4 $510,000 $127,500 $0 4.38%
    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.

    ALOHA PACIFIC
    Similarity Rank: 37
    Hawaii Central FCU
    Similarity Rank: 51
    Maui County Federal Credit Union
    Similarity Rank: 51
    University of Hawaii Federal Credit Union
    Similarity Rank: 123
    HAWAIIAN FINANCIAL
    Similarity Rank: 162
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 196
    Territorial Savings Bank
    Similarity Rank: 228
    COMPASS HOME LOANS, LLC
    Similarity Rank: 300
    American Savings Bank, FSB
    Similarity Rank: 308
    Central Pacific Bank
    Similarity Rank: 310

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 876 $133,910,000 $152,865 n/a 3.46%
    Conventional 257 $116,355,000 $452,743 $7,995 4.47%
    VA 4 $1,870,000 $467,500 $11,546 4.41%

    For 2018, Hawaii State Federal Credit Union's most frequently originated type of loan was HELOC, with 876 originations. Their 2nd most popular type was Conventional, with 257 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 337 $68,395,000 $202,953 $7,432 3.18%
    Other 266 $37,660,000 $141,579 $15,227 3.60%
    Home Improvement 220 $34,420,000 $156,455 $7,616 3.39%
    Home Purchase 202 $57,800,000 $286,139 $7,678 4.61%
    Cash Out Refi 112 $53,860,000 $480,893 $8,570 4.38%

    For 2018, Hawaii State Federal Credit Union's most frequently cited loan purpose was Refi, with 337 originations. The 2nd most popular reason was Other, with 266 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,117 $242,085,000 $216,728 $8,188 3.69%
    15 Year 13 $3,735,000 $287,308 $5,985 3.78%
    10 Year 3 $4,565,000 $1,521,667 $2,089 3.99%
    20 Year 3 $1,125,000 $375,000 $7,282 4.50%
    Other 1 $625,000 $625,000 $9,813 4.38%

    For 2018, Hawaii State Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,117 originations. The 2nd most popular length was 15 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 108 $55,220,000 $511,296
    $<1k 48 $18,430,000 $383,958
    $2k-3k 28 $11,800,000 $421,429
    $1k-2k 26 $10,180,000 $391,538
    $3k-4k 26 $9,500,000 $365,385
    $4k-5k 23 $8,685,000 $377,609

    Hawaii State Federal Credit Union's average total fees were $8,188, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 108 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 398 $68,180,000 $171,307
    2.5-3% 261 $44,275,000 $169,636
    4-5% 205 $92,005,000 $448,805
    5-6% 144 $24,430,000 $169,653
    <2.5% 122 $22,430,000 $183,852
    6-7% 7 $815,000 $116,429

    During 2018, Hawaii State Federal Credit Union's average interest rate for loans was 3.69%, while their most frequently originated rate bucket for loans was 3-4%, with 398 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 393 $54,585,000 $138,893 $4,226 3.67%
    $200k-400k 357 $92,375,000 $258,754 $6,333 3.33%
    $100,000 or less 237 $16,315,000 $68,840 $0 3.79%
    $400k-600k 95 $46,555,000 $490,053 $9,318 4.41%
    $600k-1MM 49 $33,575,000 $685,204 $10,059 4.50%
    $1MM+ 6 $8,730,000 $1,455,000 $17,677 4.54%

    2018 saw Hawaii State Federal Credit Union place emphasis on $100k-200k loans with 393 originations, totaling $54,585,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 370 $84,830,000 $229,270 $8,301 3.66%
    $150k-250k 300 $67,610,000 $225,367 $9,591 3.80%
    $50k-75k 182 $33,390,000 $183,462 $6,171 3.67%
    $75k-100k 179 $37,295,000 $208,352 $8,050 3.61%
    $50k or less 48 $7,340,000 $152,917 $4,725 3.48%
    $250k+ 44 $14,290,000 $324,773 $13,715 3.82%

    Hawaii State Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 370 originations. The second most popular income band? $150k-250k, with 300 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 361 $52,255,000 $144,751 $9,048 3.64%
    20-30% 121 $29,365,000 $242,686 $8,485 3.36%
    30-36% 120 $28,030,000 $233,583 $7,985 3.55%
    48% 48 $10,580,000 $220,417 $9,193 3.93%
    49% 45 $14,525,000 $322,778 $8,176 4.09%
    45% 44 $13,160,000 $299,091 $8,469 3.80%
    46% 42 $9,530,000 $226,905 $7,268 3.76%
    41% 36 $9,410,000 $261,389 $8,120 3.58%
    47% 35 $8,225,000 $235,000 $7,626 3.86%
    <20% 35 $7,595,000 $217,000 $7,022 3.07%
    43% 35 $9,675,000 $276,429 $7,515 3.83%
    42% 34 $9,740,000 $286,471 $9,193 4.25%
    38% 32 $7,230,000 $225,938 $8,336 4.13%
    40% 30 $7,610,000 $253,667 $6,698 4.03%
    39% 30 $8,400,000 $280,000 $7,761 3.84%
    37% 29 $6,855,000 $236,379 $7,970 3.86%
    44% 28 $8,310,000 $296,786 $6,925 4.08%
    36% 27 $6,805,000 $252,037 $8,043 3.33%
    >60% 3 $425,000 $141,667 $0 2.42%

    Hawaii State Federal Credit Union lent most frequently to those with DTI ratios of 50-60%, with 361 originations. The next most common DTI ratio? 20-30%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 711 $159,645,000 $224,536 $8,071 3.65%
    White 163 $30,965,000 $189,969 $7,936 3.77%
    Not provided 96 $27,370,000 $285,104 $8,214 3.97%
    Native Hawaiian or Islander 121 $22,605,000 $186,818 $7,729 3.72%
    Not applicable 2 $4,410,000 $2,205,000 $0 4.18%
    Filipino 11 $1,895,000 $172,273 $11,272 4.39%
    Japanese 11 $1,885,000 $171,364 $4,207 3.07%
    American Indian 8 $1,470,000 $183,750 $8,993 3.06%
    Black 7 $1,045,000 $149,286 $0 3.21%
    Chinese 3 $395,000 $131,667 $0 3.17%
    Native Hawaiian 2 $290,000 $145,000 $0 2.25%
    Asian Indian 1 $95,000 $95,000 $0 3.75%
    Other Asian 1 $65,000 $65,000 $0 2.75%

    Approval Rates

    Total approvals of all applications
    87.23%

    Hawaii State Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.67%

    Hawaii State Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,137 $252,135,000 $221,755

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 2 $4,410,000 $2,205,000
    Single Family (1-4 Units):Site-Built 1,135 $247,725,000 $218,260

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 356 $73,310,000 $205,927 $5,501 3.26%
    40-60% 84 $31,240,000 $371,905 $7,119 3.88%
    60-80% 152 $72,930,000 $479,803 $9,660 4.28%
    80-100% 42 $18,560,000 $441,905 $6,499 4.70%
    Over 100% 1 $345,000 $345,000 $10,706 4.63%
    Under 20% 502 $55,750,000 $111,056 $3,450 3.70%