American Savings Bank Fsb Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300BES7HNVKCDIM50

Tax ID: 99-0253492

1.1 stars - Updated: 7/12/24 - out of 5 stars, based on 39 reviews

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Mortgage Data

Review & Overview

American Savings Bank Fsb is a smaller bank specializing in Home Purchase loans. American Savings Bank Fsb 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.)

American Savings Bank Fsb has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. American Savings Bank Fsb 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 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.

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) 4.48% 7/12/24
30 Year Conventional Purchase 5.96% 7/12/24
30 Year Conventional Refi 6.28% 7/12/24
30 Year Cash-out Refi 6.33% 7/12/24
30 Year VA Purchase 5.80% 7/12/24
15 Year Conventional Purchase 5.98% 7/12/24
15 Year Conventional Refi 5.88% 7/12/24
15 Year Cash-out Refi 5.88% 7/12/24
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.

American Savings Bank Fsb Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from American Savings Bank Fsb. 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

1,487

Origination Dollar Volume (All Markets)

$541,915,000

Awards

American Savings Bank FSB 30 Year Conventional Loans gold American Savings Bank FSB 30 Year Conventional Loans gold American Savings Bank FSB 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

American Savings Bank Fsb's average 30 year fixed mortgage rate was 6.33%.

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

This yields a difference of -0.15%.

Relative Fees (Closing Costs)

American Savings Bank Fsb's average total fees/closing costs for a 30 year fixed rate mortgage were $13,463.

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
URBAN HONOLULU, HI (FHA|USDA|VA) 1,086 $412,260,000 $379,613 $13,240 5.99%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 198 $73,240,000 $369,899 $15,395 6.25%
Hilo, HI (FHA|USDA|VA) 143 $39,105,000 $273,462 $12,463 6.12%
Kapaa, HI (FHA|USDA|VA) 60 $17,310,000 $288,500 $14,259 5.94%
American Savings Bank Fsb'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 American Savings Bank FSB based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 112
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 112
    Territorial Savings Bank
    Similarity Rank: 124
    Central Pacific Bank
    Similarity Rank: 148
    HAWAIIAN FINANCIAL
    Similarity Rank: 152
    American Savings Bank, FSB
    Similarity Rank: 184
    First Hawaiian Bank
    Similarity Rank: 395
    Bank of Hawaii
    Similarity Rank: 450

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 942 $181,010,000 $192,155 n/a 6.04%
    Conventional 539 $357,515,000 $663,293 $13,363 6.04%
    VA 6 $3,390,000 $565,000 $21,748 5.81%

    For 2023, American Savings Bank Fsb's most frequently originated type of loan was HELOC, with 942 originations. Their 2nd most popular type was Conventional, with 539 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 555 $337,495,000 $608,099 $13,475 6.07%
    Other 424 $81,310,000 $191,769 $18,935 6.00%
    Home Improvement 371 $66,355,000 $178,854 $0 6.06%
    Refi 86 $32,810,000 $381,512 $10,562 5.96%
    Cash Out Refi 51 $23,945,000 $469,510 $13,862 6.01%

    For 2023, American Savings Bank Fsb's most frequently cited loan purpose was Home Purchase, with 555 originations. The 2nd most popular reason was Other, with 424 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 846 $167,720,000 $198,251 $7,117 5.81%
    30 Year 610 $341,520,000 $559,869 $13,463 6.33%
    30+ year 12 $14,650,000 $1,220,833 $17,891 7.22%
    15 Year 11 $3,455,000 $314,091 $7,320 6.53%
    10 Year 7 $14,295,000 $2,042,143 $0 5.86%
    5 Year 1 $275,000 $275,000 $0 7.00%

    For 2023, American Savings Bank Fsb's most frequently cited loan duration was Other, with 846 originations. The 2nd most popular length was 30 Year, with 610 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 296 $210,620,000 $711,554
    $1k-2k 84 $50,380,000 $599,762
    $3k-4k 36 $13,880,000 $385,556
    $4k-5k 31 $14,055,000 $453,387
    $2k-3k 16 $7,780,000 $486,250

    American Savings Bank Fsb's average total fees were $13,463, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 296 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 634 $225,020,000 $354,921
    7-8% 315 $88,835,000 $282,016
    6-7% 240 $117,640,000 $490,167
    4-5% 194 $77,730,000 $400,670
    3-4% 63 $14,155,000 $224,683
    Over 8% 35 $16,795,000 $479,857
    <2.5% 5 $1,335,000 $267,000
    2.5-3% 1 $405,000 $405,000

    During 2023, American Savings Bank Fsb's average interest rate for loans was 6.33%, while their most frequently originated rate bucket for loans was 5-6%, with 634 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 392 $110,320,000 $281,429 $8,772 6.06%
    $100k-200k 345 $48,225,000 $139,783 $6,729 6.03%
    $100,000 or less 244 $15,520,000 $63,607 $4,378 6.08%
    $400k-600k 239 $109,095,000 $456,464 $11,759 6.06%
    $600k-1MM 205 $156,685,000 $764,317 $15,583 5.95%
    $1MM+ 62 $102,070,000 $1,646,290 $23,051 6.01%

    2023 saw American Savings Bank Fsb place emphasis on $200k-400k loans with 392 originations, totaling $110,320,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 435 $179,935,000 $413,644 $14,805 6.00%
    $100k-150k 368 $104,940,000 $285,163 $12,006 6.04%
    $250k+ 247 $164,175,000 $664,676 $16,643 6.09%
    $75k-100k 208 $41,120,000 $197,692 $9,992 6.00%
    $50k-75k 146 $21,550,000 $147,603 $8,170 6.05%
    $50k or less 64 $6,980,000 $109,063 $5,556 6.15%

    American Savings Bank Fsb lent most frequently to those with incomes in the $150k-250k range, with 435 originations. The second most popular income band? $100k-150k, with 368 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    49% 275 $72,495,000 $263,618 $13,701 6.04%
    44% 163 $53,355,000 $327,331 $14,867 6.11%
    30-36% 157 $55,935,000 $356,274 $13,553 5.88%
    20-30% 146 $50,050,000 $342,808 $11,893 6.06%
    48% 73 $33,845,000 $463,630 $15,514 6.27%
    43% 66 $23,070,000 $349,545 $11,978 5.93%
    41% 61 $22,555,000 $369,754 $13,024 5.93%
    46% 59 $23,985,000 $406,525 $11,025 6.30%
    <20% 57 $15,445,000 $270,965 $10,101 5.99%
    42% 55 $23,185,000 $421,545 $13,808 5.93%
    38% 51 $21,805,000 $427,549 $16,097 6.11%
    45% 50 $25,040,000 $500,800 $17,271 5.96%
    47% 49 $22,605,000 $461,327 $12,873 5.79%
    40% 48 $24,660,000 $513,750 $16,806 5.99%
    39% 46 $16,460,000 $357,826 $10,873 6.16%
    50-60% 46 $11,970,000 $260,217 $18,888 5.87%
    36% 43 $14,395,000 $334,767 $10,795 6.28%
    37% 29 $8,735,000 $301,207 $10,057 6.13%

    American Savings Bank Fsb lent most frequently to those with DTI ratios of 49%, with 275 originations. The next most common DTI ratio? 44%, with 163 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 753 $252,335,000 $335,106 $12,908 6.07%
    White 325 $130,075,000 $400,231 $15,229 6.06%
    Not provided 187 $78,685,000 $420,775 $14,189 5.94%
    Native Hawaiian or Islander 118 $32,790,000 $277,881 $13,124 5.95%
    Not applicable 12 $21,870,000 $1,822,500 $0 6.21%
    American Indian 20 $5,070,000 $253,500 $9,265 5.97%
    Filipino 19 $4,365,000 $229,737 $13,494 6.19%
    Japanese 13 $4,315,000 $331,923 $11,287 6.56%
    Chinese 11 $3,965,000 $360,455 $11,292 5.51%
    Black 12 $3,050,000 $254,167 $9,862 5.69%
    Vietnamese 4 $2,070,000 $517,500 $10,962 5.94%
    Other Asian 5 $1,435,000 $287,000 $12,877 5.64%
    Korean 3 $795,000 $265,000 $7,058 6.17%
    Native Hawaiian 3 $795,000 $265,000 $5,300 5.25%
    Asian Indian 1 $275,000 $275,000 $0 5.45%
    Other Pacific Islander 1 $25,000 $25,000 $0 4.50%

    Approval Rates

    Total approvals of all applications
    68.20%

    American Savings Bank Fsb has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    80.70%

    American Savings Bank Fsb has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,487 $541,915,000 $364,435

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,487 $541,915,000 $364,435

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 348 $90,860,000 $261,092 $8,999 5.99%
    40-60% 177 $90,705,000 $512,458 $12,303 5.88%
    60-80% 258 $167,200,000 $648,062 $13,812 6.14%
    80-100% 170 $124,700,000 $733,529 $15,025 6.00%
    Over 100% 2 $1,820,000 $910,000 $20,450 5.75%
    Under 20% 532 $66,630,000 $125,244 $7,273 6.08%