Maui County Federal Credit Union Mortgage Rates, Fees & Info

Wailuku, HI

LEI: 5493008LEPCP8N119M52

Tax ID: 99-0073467

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

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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

    Maui County Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Refi loans. Maui County Federal Credit Union has a high proportion of conventional loans. Their top two markets are Kahului and Urban Honolulu .

    Maui County Federal Credit Union has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Maui County Federal Credit Union is typically a low 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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    Originations

    39

    Origination Dollar Volume (All Markets)

    $11,895,000

    Awards

    Maui County Federal Credit Union 30 Year Conventional Loans gold
    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
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 38 $11,310,000 $297,632 $2,630 4.73%
    URBAN HONOLULU, HI (FHA|USDA|VA) 1 $585,000 $585,000 $4,998 4.50%
    Maui County Federal Credit Union's top markets include Kahului and Urban Honolulu 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.

    Maui County Federal Credit Union
    Similarity Rank: 62
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 112
    American Savings Bank, FSB
    Similarity Rank: 125
    Bank of Hawaii
    Similarity Rank: 144
    Central Pacific Bank
    Similarity Rank: 175
    First Hawaiian Bank
    Similarity Rank: 245
    Stifel Bank and Trust
    Similarity Rank: 1915
    AMERICAN PACIFIC MORTGAGE CORPORATION
    Similarity Rank: 1953
    STEARNS LENDING, LLC
    Similarity Rank: 2168
    HighTechLending Inc
    Similarity Rank: 2544

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 39 $11,895,000 $305,000 $2,698 4.72%

    For 2019, Maui County Federal Credit Union's most frequently originated type of loan was Conventional, with 39 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 18 $4,830,000 $268,333 $2,281 4.89%
    Home Improvement 8 $2,180,000 $272,500 $2,024 4.88%
    Refi 8 $2,650,000 $331,250 $2,814 4.31%
    Home Purchase 5 $2,235,000 $447,000 $5,374 4.55%

    For 2019, Maui County Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 18 originations. The 2nd most popular reason was Home Improvement, with 8 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 23 $4,285,000 $186,304 $1,816 4.90%
    30 Year 15 $7,555,000 $503,667 $3,903 4.53%
    10 Year 1 $55,000 $55,000 $1,373 3.50%

    For 2019, Maui County Federal Credit Union's most frequently cited loan duration was 15 Year, with 23 originations. The 2nd most popular length was 30 Year, with 15 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 34 $10,840,000 $318,824
    $3k-4k 1 $645,000 $645,000

    Maui County Federal Credit Union's average total fees were $3,903, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 34 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 15 $7,245,000 $483,000
    3-4% 11 $2,945,000 $267,727
    5-6% 10 $1,470,000 $147,000
    6-7% 3 $235,000 $78,333

    During 2019, Maui County Federal Credit Union's average interest rate for loans was 4.53%, while their most frequently originated rate bucket for loans was 4-5%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 10 $680,000 $68,000 $1,138 5.13%
    $100k-200k 9 $1,195,000 $132,778 $1,252 5.11%
    $200k-400k 7 $2,105,000 $300,714 $2,978 4.43%
    $400k-600k 7 $3,645,000 $520,714 $3,623 4.21%
    $600k-1MM 6 $4,270,000 $711,667 $5,057 4.42%

    2019 saw Maui County Federal Credit Union place emphasis on $100,000 or less loans with 10 originations, totaling $680,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 14 $5,500,000 $392,857 $3,162 4.70%
    $150k-250k 9 $2,785,000 $309,444 $2,465 4.86%
    $50k-75k 7 $1,275,000 $182,143 $2,333 4.79%
    $50k or less 6 $1,160,000 $193,333 $1,980 4.54%
    $75k-100k 3 $1,175,000 $391,667 $2,997 4.67%

    Maui County Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 14 originations. The second most popular income band? $150k-250k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 10 $3,180,000 $318,000 $2,722 4.93%
    <20% 6 $1,480,000 $246,667 $2,200 4.13%
    30-36% 5 $485,000 $97,000 $1,342 5.20%
    50-60% 4 $2,240,000 $560,000 $4,103 4.50%
    45% 4 $910,000 $227,500 $2,121 4.63%
    43% 3 $1,085,000 $361,667 $2,540 4.42%
    42% 2 $490,000 $245,000 $1,811 4.63%
    39% 2 $360,000 $180,000 $1,552 5.75%
    40% 1 $705,000 $705,000 $4,990 4.25%
    38% 1 $315,000 $315,000 $3,100 4.50%
    47% 1 $645,000 $645,000 $8,087 5.00%

    Maui County Federal Credit Union lent most frequently to those with DTI ratios of 20-30%, with 10 originations. The next most common DTI ratio? <20%, with 6 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 17 $6,055,000 $356,176 $2,929 4.72%
    White 14 $3,290,000 $235,000 $2,335 4.68%
    Native Hawaiian or Islander 7 $2,445,000 $349,286 $3,181 4.68%
    Not provided 1 $105,000 $105,000 $448 5.75%

    Approval Rates

    Total approvals of all applications
    97.92%

    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
    79.49%

    Maui County Federal Credit Union has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 39 $11,895,000 $305,000

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 39 $11,895,000 $305,000

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,565,000 $223,571 $2,157 4.50%
    40-60% 6 $2,560,000 $426,667 $3,195 4.08%
    60-80% 10 $5,230,000 $523,000 $4,471 4.43%
    80-100% 2 $1,280,000 $640,000 $4,040 4.25%
    Under 20% 14 $1,260,000 $90,000 $1,075 5.39%