Hickam Mortgage Rates, Fees & Info
Pearl City, HILEI: 549300DSPT6YGS1ZLR56
Tax ID: 99-0073450
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Mortgage Data
Review & Overview
Hickam is a smaller mortgage company specializing in Home Improvement, Other, and Refi loans. Hickam has an average proportion of conventional 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, Kahului, and Hilo among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)Hickam 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. Hickam 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/21/24 |
| 15 Year Conventional Purchase | 5.68% | 11/21/24 |
| 15 Year Conventional Refi | 5.68% | 11/21/24 |
| 15 Year Cash-out Refi | 5.68% | 11/21/24 |
| 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. | ||
Hickam Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
376Origination Dollar Volume (All Markets)
$72,540,000Relative Rate
Hickam's average 30 year fixed mortgage rate was
5.38%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -1.11%.
Relative Fees (Closing Costs)
Hickam's average total fees/closing costs for a 30 year fixed rate
mortgage were $19,169.
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) | 374 | $72,350,000 | $193,449 | $4,235 | 5.94% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $0 | 8.42% |
| Hilo, HI (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 8.42% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 350 | $67,480,000 | $192,800 | n/a | 5.95% |
| Conventional | 25 | $4,725,000 | $189,000 | $4,235 | 5.86% |
| FHA | 1 | $335,000 | $335,000 | $0 | 8.42% |
For 2023, Hickam's most frequently originated type of loan was HELOC, with 350 originations. Their 2nd most popular type was Conventional, with 25 originations.
Loan Reason
For 2023, Hickam's most frequently cited loan purpose was Home Improvement, with 120 originations. The 2nd most popular reason was Other, with 115 originations.
Loan Duration/Length
For 2023, Hickam's most frequently cited loan duration was 15 Year, with 327 originations. The 2nd most popular length was Other, with 19 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 13 | $3,245,000 | $249,615 |
| $5k+ | 2 | $1,020,000 | $510,000 |
Hickam's average total fees were $19,169, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 13 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 204 | $40,540,000 | $198,725 |
| Over 8% | 144 | $26,720,000 | $185,556 |
| 5-6% | 18 | $2,820,000 | $156,667 |
| 6-7% | 8 | $2,150,000 | $268,750 |
| 7-8% | 2 | $310,000 | $155,000 |
During 2023, Hickam's average interest rate for loans was 5.38%, while their most frequently originated rate bucket for loans was 4-5%, with 204 originations.
Loan Sizing
2023 saw Hickam place emphasis on $200k-400k loans with 141 originations, totaling $36,415,000 in origination value.
Applicant Income
Hickam lent most frequently to those with incomes in the $150k-250k range, with 161 originations. The second most popular income band? $100k-150k, with 111 originations.
Applicant Debt to Income Ratio
Hickam lent most frequently to those with DTI ratios of 30-36%, with 68 originations. The next most common DTI ratio? 20-30%, with 54 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications78.61%
Hickam has a below average approval rate.
Pick Rate
Approvals leading to origination68.09%
Hickam 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 |
|---|---|---|---|
| 0.0 | 263 | $46,885,000 | $178,270 |
| 1157.87 | 1 | $255,000 | $255,000 |
| 1162.87 | 2 | $510,000 | $255,000 |
| 1168.87 | 1 | $165,000 | $165,000 |
| 1178.87 | 1 | $255,000 | $255,000 |
| 1189.04 | 1 | $125,000 | $125,000 |
| 1296.95 | 1 | $325,000 | $325,000 |
| 1316.95 | 1 | $405,000 | $405,000 |
| 1337.66 | 1 | $255,000 | $255,000 |
| 1384.95 | 1 | $175,000 | $175,000 |
| 1838.87 | 1 | $225,000 | $225,000 |
| 1843.95 | 1 | $255,000 | $255,000 |
| 1894.45 | 1 | $355,000 | $355,000 |
| 1933.87 | 1 | $405,000 | $405,000 |
| 1943.58 | 3 | $755,000 | $251,667 |
| 1953.58 | 1 | $255,000 | $255,000 |
| 2208.58 | 1 | $255,000 | $255,000 |
| 2399.04 | 1 | $255,000 | $255,000 |
| 2487.4 | 1 | $255,000 | $255,000 |
| 2492.4 | 1 | $255,000 | $255,000 |
| 2563.58 | 1 | $405,000 | $405,000 |
| 2760.23 | 1 | $335,000 | $335,000 |
| 2936.58 | 1 | $405,000 | $405,000 |
| 3016.48 | 1 | $335,000 | $335,000 |
| 3066.48 | 1 | $405,000 | $405,000 |
| 3555.23 | 1 | $405,000 | $405,000 |
| 3571.4 | 3 | $1,165,000 | $388,333 |
| 3726.4 | 1 | $405,000 | $405,000 |
| 395.95 | 1 | $255,000 | $255,000 |
| 496.95 | 1 | $205,000 | $205,000 |
| 526.95 | 8 | $1,100,000 | $137,500 |
| 531.95 | 5 | $1,005,000 | $201,000 |
| 551.95 | 16 | $2,500,000 | $156,250 |
| 556.95 | 8 | $1,380,000 | $172,500 |
| 587.95 | 1 | $215,000 | $215,000 |
| 591.95 | 1 | $305,000 | $305,000 |
| 592.95 | 3 | $535,000 | $178,333 |
| 626.95 | 1 | $405,000 | $405,000 |
| 652.95 | 1 | $255,000 | $255,000 |
| 656.95 | 1 | $365,000 | $365,000 |
| 679.95 | 1 | $45,000 | $45,000 |
| 701.37 | 1 | $255,000 | $255,000 |
| 756.95 | 1 | $55,000 | $55,000 |
| 904.73 | 1 | $255,000 | $255,000 |
| 972.73 | 1 | $75,000 | $75,000 |
| NA | 29 | $6,845,000 | $236,034 |