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 Home Improvement, 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 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.

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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

    1,267

    Origination Dollar Volume (All Markets)

    $332,755,000

    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) 1,087 $294,465,000 $270,897 $11,425 3.14%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 149 $32,215,000 $216,208 $11,751 2.91%
    Hilo, HI (FHA|USDA|VA) 24 $4,250,000 $177,083 $7,722 3.28%
    Kapaa, HI (FHA|USDA|VA) 7 $1,825,000 $260,714 $9,138 2.77%
    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.

    University of Hawaii Federal Credit Union
    Similarity Rank: 126
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 152
    ALOHA PACIFIC
    Similarity Rank: 176
    Territorial Savings Bank
    Similarity Rank: 260
    COMPASS HOME LOANS, LLC
    Similarity Rank: 312
    American Savings Bank, FSB
    Similarity Rank: 380
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 380
    HAWAIIAN FINANCIAL
    Similarity Rank: 384
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 408
    First Hawaiian Bank
    Similarity Rank: 416

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,006 $187,550,000 $186,431 n/a 2.88%
    Conventional 261 $145,205,000 $556,341 $11,343 4.00%

    For 2022, Hawaii State Federal Credit Union's most frequently originated type of loan was HELOC, with 1,006 originations. Their 2nd most popular type was Conventional, with 261 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 520 $91,870,000 $176,673 $0 2.91%
    Refi 287 $71,275,000 $248,345 $8,723 2.73%
    Other 214 $36,190,000 $169,112 $14,167 2.99%
    Home Purchase 134 $66,740,000 $498,060 $10,609 4.41%
    Cash Out Refi 112 $66,680,000 $595,357 $12,954 3.72%

    For 2022, Hawaii State Federal Credit Union's most frequently cited loan purpose was Home Improvement, with 520 originations. The 2nd most popular reason was Refi, with 287 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,215 $288,375,000 $237,346 $11,917 3.11%
    15 Year 25 $6,875,000 $275,000 $6,606 3.00%
    10 Year 15 $26,805,000 $1,787,000 $0 3.26%
    5 Year 7 $7,765,000 $1,109,286 $0 3.14%
    3 Year 2 $1,230,000 $615,000 $0 4.80%
    Other 2 $1,040,000 $520,000 $11,544 3.29%
    20 Year 1 $665,000 $665,000 $9,138 3.63%

    For 2022, Hawaii State Federal Credit Union's most frequently cited loan duration was 30 Year, with 1,215 originations. The 2nd most popular length was 15 Year, with 25 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 154 $82,890,000 $538,247
    $3k-4k 20 $6,430,000 $321,500
    $4k-5k 20 $5,780,000 $289,000
    $<1k 15 $6,775,000 $451,667
    $1k-2k 15 $4,125,000 $275,000
    $2k-3k 13 $4,155,000 $319,615

    Hawaii State Federal Credit Union's average total fees were $11,917, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 154 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 388 $78,970,000 $203,531
    2.5-3% 379 $95,105,000 $250,937
    3-4% 301 $93,905,000 $311,977
    5-6% 117 $28,535,000 $243,889
    4-5% 64 $29,180,000 $455,938
    6-7% 15 $6,275,000 $418,333
    7-8% 2 $480,000 $240,000

    During 2022, Hawaii State Federal Credit Union's average interest rate for loans was 3.11%, while their most frequently originated rate bucket for loans was <2.5%, with 388 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 565 $144,975,000 $256,593 $8,267 2.85%
    $100k-200k 358 $50,810,000 $141,927 $5,451 3.10%
    $100,000 or less 175 $11,835,000 $67,629 $4,307 3.16%
    $400k-600k 83 $39,475,000 $475,602 $11,556 3.85%
    $600k-1MM 67 $50,105,000 $747,836 $16,835 4.25%
    $1MM+ 19 $35,555,000 $1,871,316 $27,660 3.36%

    2022 saw Hawaii State Federal Credit Union place emphasis on $200k-400k loans with 565 originations, totaling $144,975,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 417 $98,115,000 $235,288 $12,441 3.17%
    $150k-250k 391 $103,325,000 $264,258 $13,651 3.15%
    $75k-100k 187 $41,145,000 $220,027 $9,979 3.05%
    $50k-75k 116 $22,830,000 $196,810 $8,043 2.97%
    $250k+ 90 $24,170,000 $268,556 $11,943 2.89%
    $50k or less 29 $4,025,000 $138,793 $5,426 3.07%

    Hawaii State Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 417 originations. The second most popular income band? $150k-250k, with 391 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 193 $45,465,000 $235,570 $10,888 3.00%
    50-60% 179 $32,155,000 $179,637 $8,410 2.76%
    20-30% 172 $38,830,000 $225,756 $8,745 2.80%
    44% 79 $17,245,000 $218,291 $10,557 3.73%
    42% 60 $15,270,000 $254,500 $13,902 3.21%
    49% 55 $11,735,000 $213,364 $12,488 2.85%
    43% 55 $11,975,000 $217,727 $11,001 3.80%
    <20% 54 $11,910,000 $220,556 $7,768 2.68%
    40% 50 $13,230,000 $264,600 $13,067 3.29%
    41% 48 $13,280,000 $276,667 $13,011 3.28%
    39% 43 $11,365,000 $264,302 $12,607 3.42%
    45% 41 $13,265,000 $323,537 $12,657 3.50%
    48% 40 $13,650,000 $341,250 $13,080 3.28%
    38% 39 $8,585,000 $220,128 $10,241 3.37%
    36% 34 $10,710,000 $315,000 $15,675 3.08%
    37% 34 $7,740,000 $227,647 $9,661 3.11%
    46% 31 $8,295,000 $267,581 $12,503 2.98%
    47% 30 $10,350,000 $345,000 $12,150 3.62%
    >60% 5 $1,445,000 $289,000 $3,933 4.05%

    Hawaii State Federal Credit Union lent most frequently to those with DTI ratios of 30-36%, with 193 originations. The next most common DTI ratio? 50-60%, with 179 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 729 $171,925,000 $235,837 $11,938 3.08%
    Not provided 142 $44,420,000 $312,817 $11,477 3.46%
    White 181 $38,865,000 $214,724 $9,688 2.98%
    Not applicable 24 $35,270,000 $1,469,583 $0 3.34%
    Native Hawaiian or Islander 98 $22,420,000 $228,776 $10,043 3.33%
    American Indian 20 $4,880,000 $244,000 $9,449 3.31%
    Japanese 22 $4,820,000 $219,091 $15,312 2.44%
    Filipino 22 $4,790,000 $217,727 $0 2.58%
    Chinese 8 $1,850,000 $231,250 $8,902 2.85%
    Black 9 $1,255,000 $139,444 $7,360 3.62%
    Korean 4 $900,000 $225,000 $0 2.88%
    Vietnamese 3 $505,000 $168,333 $0 1.83%
    Native Hawaiian 2 $460,000 $230,000 $16,860 3.81%
    Guamanian 1 $215,000 $215,000 $0 1.99%
    Other Asian 1 $95,000 $95,000 $0 1.75%
    Samoan 1 $85,000 $85,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    77.95%

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

    Pick Rate

    Approvals leading to origination
    84.85%

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

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,267 $332,755,000 $262,632

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,267 $332,755,000 $262,632

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 413 $100,045,000 $242,240 $8,297 2.86%
    40-60% 87 $45,875,000 $527,299 $10,931 3.44%
    60-80% 114 $67,130,000 $588,860 $13,920 3.85%
    80-100% 53 $28,105,000 $530,283 $10,729 4.78%
    Over 100% 1 $1,465,000 $1,465,000 $0 3.30%
    Under 20% 599 $90,135,000 $150,476 $4,733 2.95%