Honolulu Homeloans Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300A5ZOOO5G7BUM16

Tax ID: 27-0894121

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
  • Complaints
  • 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

    Honolulu Homeloans is a smaller mortgage company specializing in Home Purchase loans. Honolulu Homeloans has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Urban Honolulu, Hilo, Kahului, and Kapaa among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Honolulu Homeloans 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. Honolulu Homeloans 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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    Originations

    284

    Origination Dollar Volume (All Markets)

    $113,750,000

    Awards

    Honolulu HomeLoans USDA Loans gold Honolulu HomeLoans VA Loans gold Honolulu HomeLoans USDA Loans silver
    Show all (3) 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) 262 $107,600,000 $410,687 $8,975 4.58%
    Hilo, HI (FHA|USDA|VA) 12 $2,620,000 $218,333 $5,025 4.52%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 6 $2,550,000 $425,000 $7,230 4.79%
    Kapaa, HI (FHA|USDA|VA) 4 $980,000 $245,000 $7,932 4.88%
    Honolulu Homeloans's top markets include Urban Honolulu, Hilo, Kahului, 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 Honolulu HomeLoans 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
    University of Hawaii Federal Credit Union
    Similarity Rank: 123
    HAWAIIAN FINANCIAL
    Similarity Rank: 162
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 196
    Central Pacific Bank
    Similarity Rank: 215
    Territorial Savings Bank
    Similarity Rank: 228
    American Savings Bank, FSB
    Similarity Rank: 232
    First Hawaiian Bank
    Similarity Rank: 280
    COMPASS HOME LOANS, LLC
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 217 $80,445,000 $370,714 $7,995 4.65%
    VA 48 $25,660,000 $534,583 $11,518 4.40%
    USDA 13 $4,215,000 $324,231 $7,721 4.30%
    FHA 6 $3,430,000 $571,667 $16,379 4.67%

    For 2018, Honolulu Homeloans's most frequently originated type of loan was Conventional, with 217 originations. Their 2nd most popular type was VA, with 48 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 244 $98,880,000 $405,246 $8,800 4.60%
    Refi 18 $5,860,000 $325,556 $6,859 4.51%
    Cash Out Refi 17 $7,545,000 $443,824 $10,373 4.48%
    Home Improvement 3 $595,000 $198,333 $5,091 4.83%
    NA 2 $870,000 $435,000 $11,870 4.25%

    For 2018, Honolulu Homeloans's most frequently cited loan purpose was Home Purchase, with 244 originations. The 2nd most popular reason was Refi, with 18 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 276 $111,930,000 $405,543 $8,878 4.61%
    15 Year 5 $1,005,000 $201,000 $4,146 3.90%
    20 Year 3 $815,000 $271,667 $5,096 4.38%

    For 2018, Honolulu Homeloans's most frequently cited loan duration was 30 Year, with 276 originations. The 2nd most popular length was 15 Year, with 5 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 86 $38,240,000 $444,651
    $1k-2k 74 $24,490,000 $330,946
    $<1k 51 $24,595,000 $482,255
    $4k-5k 27 $9,895,000 $366,481
    $3k-4k 25 $8,665,000 $346,600
    $2k-3k 19 $7,475,000 $393,421

    Honolulu Homeloans's average total fees were $8,878, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 86 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 236 $95,130,000 $403,093
    3-4% 24 $10,370,000 $432,083
    5-6% 24 $8,250,000 $343,750

    During 2018, Honolulu Homeloans's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 4-5%, with 236 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 119 $35,455,000 $297,941 $7,247 4.62%
    $400k-600k 90 $43,820,000 $486,889 $9,919 4.57%
    $600k-1MM 41 $28,125,000 $685,976 $13,430 4.53%
    $100k-200k 31 $4,985,000 $160,806 $4,828 4.61%
    $100,000 or less 2 $170,000 $85,000 $4,129 4.63%
    $1MM+ 1 $1,195,000 $1,195,000 $19,132 4.63%

    2018 saw Honolulu Homeloans place emphasis on $200k-400k loans with 119 originations, totaling $35,455,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 87 $38,345,000 $440,747 $9,292 4.61%
    $75k-100k 67 $24,655,000 $367,985 $8,465 4.56%
    $50k-75k 63 $19,765,000 $313,730 $7,576 4.55%
    $150k-250k 41 $21,135,000 $515,488 $10,468 4.62%
    $50k or less 17 $3,865,000 $227,353 $5,206 4.76%
    $250k+ 9 $5,985,000 $665,000 $12,732 4.44%

    Honolulu Homeloans lent most frequently to those with incomes in the $100k-150k range, with 87 originations. The second most popular income band? $75k-100k, with 67 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 40 $13,470,000 $336,750 $7,821 4.59%
    20-30% 26 $10,370,000 $398,846 $7,469 4.58%
    44% 23 $9,745,000 $423,696 $8,579 4.64%
    49% 21 $8,725,000 $415,476 $8,546 4.65%
    42% 20 $7,980,000 $399,000 $8,554 4.68%
    50-60% 18 $10,020,000 $556,667 $12,704 4.42%
    48% 18 $7,920,000 $440,000 $10,093 4.68%
    45% 16 $7,130,000 $445,625 $9,415 4.45%
    43% 15 $6,095,000 $406,333 $9,311 4.57%
    46% 14 $5,280,000 $377,143 $8,015 4.71%
    38% 11 $4,375,000 $397,727 $9,161 4.45%
    41% 10 $4,300,000 $430,000 $8,448 4.63%
    39% 10 $3,440,000 $344,000 $8,200 4.39%
    47% 10 $4,440,000 $444,000 $11,139 4.74%
    >60% 8 $3,980,000 $497,500 $10,493 4.61%
    <20% 7 $2,035,000 $290,714 $7,821 4.46%
    37% 6 $1,480,000 $246,667 $5,046 4.54%
    36% 6 $1,740,000 $290,000 $6,466 4.69%
    40% 5 $1,225,000 $245,000 $5,950 4.80%

    Honolulu Homeloans lent most frequently to those with DTI ratios of 30-36%, with 40 originations. The next most common DTI ratio? 20-30%, with 26 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 124 $47,020,000 $379,194 $8,758 4.65%
    White 88 $35,670,000 $405,341 $8,371 4.52%
    Not provided 53 $23,005,000 $434,057 $9,198 4.61%
    Native Hawaiian or Islander 11 $4,475,000 $406,818 $8,542 4.39%
    Black 5 $1,805,000 $361,000 $10,933 4.60%
    American Indian 2 $1,050,000 $525,000 $7,465 4.81%
    Japanese 1 $725,000 $725,000 $11,110 4.50%

    Approval Rates

    Total approvals of all applications
    96.72%

    Honolulu Homeloans 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
    44.37%

    Honolulu Homeloans has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 284 $113,750,000 $400,528

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 284 $113,750,000 $400,528

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 21 $5,735,000 $273,095 $6,199 4.60%
    40-60% 29 $8,855,000 $305,345 $7,194 4.58%
    60-80% 85 $32,855,000 $386,529 $8,519 4.59%
    80-100% 131 $58,205,000 $444,313 $9,066 4.60%
    Over 100% 18 $8,100,000 $450,000 $13,150 4.52%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    HONOLULU HOMELOANS, INC. Conventional home mortgage Trouble during payment process 1 100.0%