Maui County Federal Credit Union Mortgage Rates, Fees & Info

Wailuku, HI

LEI: 5493008LEPCP8N119M52

Tax ID: 99-0073467

5 stars - Updated: 12/7/24 - out of 5 stars, based on 6 reviews

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

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Mortgage Data

Review & Overview

Maui County Federal Credit Union is a smaller credit union specializing in Home Purchase and Refi loans. Maui County Federal Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Kahului, Urban Honolulu, and Hilo among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

Maui County Federal Credit Union has an above average approval rate when compared to the average across all lenders. Maui County 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 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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Originations

34

Origination Dollar Volume (All Markets)

$13,370,000

Awards

Maui County Federal Credit Union 30 Year Conventional Loans gold Maui County Federal Credit Union 30 Year Conventional Loans gold Maui County Federal Credit Union 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Maui County Federal Credit Union's average 30 year fixed mortgage rate was 5.25%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -1.23%.

Relative Fees (Closing Costs)

Maui County Federal Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $4,729.

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
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 32 $12,100,000 $378,125 $4,160 5.44%
URBAN HONOLULU, HI (FHA|USDA|VA) 1 $965,000 $965,000 $7,048 5.50%
Hilo, HI (FHA|USDA|VA) 1 $305,000 $305,000 $4,491 5.50%
Maui County Federal Credit Union's top markets include Kahului, Urban Honolulu, and Hilo among others.

Their top states include:
  • Hawaii (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Maui County Federal Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Central Pacific Bank
    Similarity Rank: 56
    American Savings Bank, FSB
    Similarity Rank: 56
    First Hawaiian Bank
    Similarity Rank: 75
    Bank of Hawaii
    Similarity Rank: 90
    Morgan Stanley Private Bank
    Similarity Rank: 1760
    GUARANTEED RATE, INC.
    Similarity Rank: 12352
    Northpointe Bank
    Similarity Rank: 12609

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 34 $13,370,000 $393,235 $4,255 5.44%

    For 2023, Maui County Federal Credit Union's most frequently originated type of loan was Conventional, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 15 $8,035,000 $535,667 $6,198 5.05%
    Cash Out Refi 8 $1,660,000 $207,500 $1,808 6.03%
    Refi 6 $2,800,000 $466,667 $4,547 5.42%
    Home Improvement 5 $875,000 $175,000 $1,991 5.70%

    For 2023, Maui County Federal Credit Union's most frequently cited loan purpose was Home Purchase, with 15 originations. The 2nd most popular reason was Cash Out Refi, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 20 $10,120,000 $506,000 $4,729 5.25%
    15 Year 12 $1,790,000 $149,167 $1,964 5.85%
    30+ year 2 $1,460,000 $730,000 $13,256 4.88%

    For 2023, Maui County Federal Credit Union's most frequently cited loan duration was 30 Year, with 20 originations. The 2nd most popular length was 15 Year, with 12 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 29 $10,295,000 $355,000
    $5k+ 4 $2,810,000 $702,500
    $3k-4k 1 $265,000 $265,000

    Maui County Federal Credit Union's average total fees were $4,729, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 22 $8,160,000 $370,909
    3-4% 4 $1,740,000 $435,000
    4-5% 4 $1,550,000 $387,500
    6-7% 4 $1,920,000 $480,000

    During 2023, Maui County Federal Credit Union's average interest rate for loans was 5.25%, while their most frequently originated rate bucket for loans was 5-6%, with 22 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,460,000 $288,333 $3,149 5.25%
    $600k-1MM 8 $5,800,000 $725,000 $8,606 5.38%
    $100k-200k 5 $705,000 $141,000 $1,946 5.90%
    $100,000 or less 4 $200,000 $50,000 $1,439 5.94%
    $400k-600k 4 $2,130,000 $532,500 $3,953 5.06%
    $1MM+ 1 $1,075,000 $1,075,000 $6,727 5.50%

    2023 saw Maui County Federal Credit Union place emphasis on $200k-400k loans with 12 originations, totaling $3,460,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 13 $5,425,000 $417,308 $3,900 5.29%
    $150k-250k 9 $5,175,000 $575,000 $6,696 5.64%
    $50k-75k 6 $1,780,000 $296,667 $3,842 5.00%
    $50k or less 3 $265,000 $88,333 $1,669 5.83%
    $75k-100k 2 $600,000 $300,000 $2,217 5.50%
    $250k+ 1 $125,000 $125,000 $1,202 7.00%

    Maui County Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 13 originations. The second most popular income band? $150k-250k, with 9 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 14 $6,800,000 $485,714 $5,151 5.20%
    White 8 $2,920,000 $365,000 $4,270 6.06%
    Not provided 6 $2,180,000 $363,333 $4,176 5.25%
    Native Hawaiian or Islander 5 $1,175,000 $235,000 $2,353 5.25%
    American Indian 1 $295,000 $295,000 $1,573 6.00%

    Approval Rates

    Total approvals of all applications
    97.14%

    Maui County Federal Credit Union has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 34 $13,370,000 $393,235

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    34 $13,370,000 $393,235