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 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 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.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/22/24
    30 Year Conventional Purchase 6.38% 4/22/24
    30 Year Conventional Refi 6.36% 4/22/24
    30 Year Cash-out Refi 6.37% 4/22/24
    30 Year VA Purchase 6.27% 4/22/24
    15 Year Conventional Purchase 5.74% 4/22/24
    15 Year Conventional Refi 5.87% 4/22/24
    15 Year Cash-out Refi 5.87% 4/22/24
    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

    1,494

    Origination Dollar Volume (All Markets)

    $452,230,000

    Awards

    HAWAII STATE FEDERAL CREDIT UNION 30 Year Conventional Loans silver
    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) 1,354 $415,790,000 $307,083 $9,069 2.74%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 124 $33,040,000 $266,452 $10,212 2.99%
    Hilo, HI (FHA|USDA|VA) 12 $2,150,000 $179,167 $6,183 3.38%
    Kapaa, HI (FHA|USDA|VA) 4 $1,250,000 $312,500 $13,545 3.19%
    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.

    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
    HELOC 753 $125,875,000 $167,165 n/a 2.72%
    Conventional 741 $326,355,000 $440,425 $9,131 2.82%

    For 2021, Hawaii State Federal Credit Union's most frequently originated type of loan was HELOC, with 753 originations. Their 2nd most popular type was Conventional, with 741 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 530 $161,030,000 $303,830 $7,795 2.59%
    Cash Out Refi 334 $160,400,000 $480,240 $10,473 2.89%
    Home Improvement 306 $48,690,000 $159,118 $8,268 2.70%
    Other 196 $30,100,000 $153,571 $0 2.79%
    Home Purchase 128 $52,010,000 $406,328 $8,912 3.35%

    For 2021, Hawaii State Federal Credit Union's most frequently cited loan purpose was Refi, with 530 originations. The 2nd most popular reason was Cash Out Refi, with 334 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,309 $385,655,000 $294,618 $9,912 2.82%
    15 Year 150 $44,230,000 $294,867 $6,489 2.35%
    20 Year 15 $5,195,000 $346,333 $6,711 2.83%
    10 Year 10 $9,390,000 $939,000 $5,814 2.65%
    5 Year 6 $4,980,000 $830,000 $0 2.63%
    Other 4 $2,780,000 $695,000 $11,662 2.69%

    For 2021, Hawaii State Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,309 originations. The 2nd most popular length was 15 Year, with 150 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 400 $197,380,000 $493,450
    $4k-5k 74 $27,370,000 $369,865
    $2k-3k 70 $22,690,000 $324,143
    $3k-4k 68 $19,560,000 $287,647
    $<1k 67 $27,385,000 $408,731
    $1k-2k 46 $16,470,000 $358,043

    Hawaii State Federal Credit Union's average total fees were $9,912, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 400 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 585 $222,115,000 $379,684
    <2.5% 573 $127,265,000 $222,103
    3-4% 235 $89,075,000 $379,043
    5-6% 96 $12,060,000 $125,625
    4-5% 5 $1,715,000 $343,000

    During 2021, Hawaii State Federal Credit Union's average interest rate for loans was 2.82%, while their most frequently originated rate bucket for loans was 2.5-3%, with 585 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 569 $154,865,000 $272,170 $7,163 2.54%
    $100k-200k 343 $48,815,000 $142,318 $4,541 2.80%
    $400k-600k 240 $116,960,000 $487,333 $10,480 2.87%
    $100,000 or less 181 $12,195,000 $67,376 $1,963 3.12%
    $600k-1MM 155 $110,415,000 $712,355 $13,106 2.98%
    $1MM+ 6 $8,980,000 $1,496,667 $13,935 2.68%

    2021 saw Hawaii State Federal Credit Union place emphasis on $200k-400k loans with 569 originations, totaling $154,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 497 $156,545,000 $314,980 $9,876 2.77%
    $150k-250k 383 $120,755,000 $315,287 $10,428 2.86%
    $75k-100k 244 $70,090,000 $287,254 $8,416 2.69%
    $50k-75k 210 $52,190,000 $248,524 $7,557 2.61%
    $250k+ 81 $24,495,000 $302,407 $10,709 2.93%
    $50k or less 43 $6,985,000 $162,442 $5,898 2.78%

    Hawaii State Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 497 originations. The second most popular income band? $150k-250k, with 383 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 275 $74,385,000 $270,491 $7,874 2.69%
    30-36% 259 $80,195,000 $309,633 $9,407 2.73%
    49% 97 $24,635,000 $253,969 $12,399 2.40%
    <20% 96 $25,740,000 $268,125 $7,598 2.46%
    44% 92 $24,270,000 $263,804 $9,380 3.39%
    41% 71 $21,445,000 $302,042 $10,217 3.07%
    42% 69 $21,475,000 $311,232 $9,813 3.20%
    43% 62 $21,170,000 $341,452 $10,748 2.97%
    37% 57 $18,015,000 $316,053 $9,149 2.80%
    36% 57 $20,215,000 $354,649 $9,508 2.73%
    39% 53 $16,155,000 $304,811 $9,659 2.75%
    38% 53 $16,285,000 $307,264 $8,725 2.93%
    47% 50 $16,460,000 $329,200 $9,757 2.48%
    40% 50 $13,310,000 $266,200 $8,705 3.05%
    45% 45 $15,865,000 $352,556 $10,490 2.52%
    48% 41 $11,605,000 $283,049 $8,317 2.48%
    46% 38 $11,770,000 $309,737 $8,987 2.63%
    50-60% 13 $3,735,000 $287,308 $6,374 3.01%

    Hawaii State Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 275 originations. The next most common DTI ratio? 30-36%, with 259 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 905 $266,285,000 $294,238 $9,328 2.74%
    Not provided 192 $68,530,000 $356,927 $9,501 2.79%
    White 206 $55,860,000 $271,165 $7,866 2.86%
    Native Hawaiian or Islander 121 $33,345,000 $275,579 $9,221 2.93%
    Not applicable 16 $15,500,000 $968,750 $0 2.68%
    Japanese 15 $3,855,000 $257,000 $6,002 2.14%
    American Indian 13 $2,395,000 $184,231 $6,211 2.55%
    Native Hawaiian 7 $2,115,000 $302,143 $9,913 2.55%
    Filipino 7 $1,585,000 $226,429 $8,865 2.37%
    Chinese 5 $1,355,000 $271,000 $6,344 2.35%
    Other Asian 2 $480,000 $240,000 $5,057 2.00%
    Asian Indian 1 $435,000 $435,000 $5,127 3.25%
    Samoan 3 $325,000 $108,333 $0 4.25%
    Black 1 $165,000 $165,000 $7,155 2.00%

    Approval Rates

    Total approvals of all applications
    83.22%

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

    Pick Rate

    Approvals leading to origination
    81.59%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,494 $452,230,000 $302,697

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,494 $452,230,000 $302,697

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 421 $105,045,000 $249,513 $6,567 2.51%
    40-60% 253 $100,905,000 $398,834 $8,409 2.75%
    60-80% 280 $152,020,000 $542,929 $11,450 2.94%
    80-100% 67 $33,705,000 $503,060 $10,144 3.03%
    Under 20% 473 $60,555,000 $128,023 $5,106 2.88%