Hickam Mortgage Rates, Fees & Info

Pearl City, HI

LEI: 549300DSPT6YGS1ZLR56

Tax ID: 99-0073450

1 stars - Updated: 3/28/24 - out of 5 stars, based on 19 reviews

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

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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.

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) 6.27% 3/28/24
15 Year Conventional Purchase 5.68% 3/28/24
15 Year Conventional Refi 5.68% 3/28/24
15 Year Cash-out Refi 5.68% 3/28/24
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






Your Estimates

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

This is not an official calculator from Hickam. 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

376

Origination Dollar Volume (All Markets)

$72,540,000

Relative 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%
Hickam's top markets include Urban Honolulu, Kahului, and Hilo among others.

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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 120 $18,940,000 $157,833 $691 5.88%
    Other 115 $17,855,000 $155,261 $1,006 6.28%
    Refi 115 $28,575,000 $248,478 $0 5.74%
    Cash Out Refi 15 $3,845,000 $256,333 $3,904 5.64%
    Home Purchase 11 $3,325,000 $302,273 $7,396 5.96%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 327 $63,685,000 $194,755 $2,166 5.96%
    Other 19 $1,765,000 $92,895 $0 6.12%
    20 Year 10 $2,550,000 $255,000 $1,869 6.19%
    3 Year 10 $2,490,000 $249,000 $0 6.31%
    5 Year 7 $875,000 $125,000 $0 4.81%
    30 Year 2 $1,020,000 $510,000 $19,169 5.38%
    10 Year 1 $155,000 $155,000 $0 4.21%

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 141 $36,415,000 $258,262 $2,630 5.80%
    $100k-200k 123 $16,695,000 $135,732 $1,215 6.16%
    $100,000 or less 78 $5,200,000 $66,667 $0 6.01%
    $400k-600k 33 $13,575,000 $411,364 $19,169 5.68%
    $600k-1MM 1 $655,000 $655,000 $2,121 6.50%

    2023 saw Hickam place emphasis on $200k-400k loans with 141 originations, totaling $36,415,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 161 $30,465,000 $189,224 $1,309 5.91%
    $100k-150k 111 $19,805,000 $178,423 $4,348 6.01%
    $250k+ 69 $17,265,000 $250,217 $6,168 6.05%
    $75k-100k 25 $3,885,000 $155,400 $2,900 5.70%
    $50k-75k 7 $845,000 $120,714 $0 5.55%
    $50k or less 3 $275,000 $91,667 $0 7.01%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 68 $12,290,000 $180,735 $7,438 6.23%
    20-30% 54 $11,250,000 $208,333 $12,090 5.08%
    44% 40 $6,620,000 $165,500 $0 6.64%
    42% 26 $4,770,000 $183,462 $1,322 6.34%
    43% 25 $4,545,000 $181,800 $1,297 5.66%
    40% 23 $4,655,000 $202,391 $0 6.08%
    41% 23 $4,525,000 $196,739 $1,061 6.29%
    45% 18 $3,280,000 $182,222 $1,137 6.80%
    38% 16 $2,850,000 $178,125 $3,489 6.13%
    39% 13 $3,155,000 $242,692 $0 5.18%
    37% 13 $2,255,000 $173,462 $691 5.82%
    50-60% 13 $2,615,000 $201,154 $0 5.90%
    36% 12 $2,710,000 $225,833 $0 5.26%
    <20% 11 $2,655,000 $241,364 $0 4.97%
    46% 8 $1,450,000 $181,250 $0 5.33%
    49% 5 $1,045,000 $209,000 $1,348 5.66%
    47% 4 $980,000 $245,000 $0 7.36%
    48% 3 $525,000 $175,000 $0 5.95%
    >60% 1 $365,000 $365,000 $4,485 6.50%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 234 $47,080,000 $201,197 $3,601 6.01%
    White 72 $13,970,000 $194,028 $6,555 5.88%
    Native Hawaiian or Islander 27 $4,595,000 $170,185 $0 6.12%
    Not provided 27 $4,545,000 $168,333 $1,297 5.37%
    Black 10 $1,580,000 $158,000 $0 6.73%
    American Indian 5 $665,000 $133,000 $0 5.05%
    Guamanian 1 $105,000 $105,000 $0 4.21%

    Approval Rates

    Total approvals of all applications
    78.61%

    Hickam has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    68.09%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    376 $72,540,000 $192,926

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 126 $32,230,000 $255,794 $1,574 5.82%
    40-60% 18 $5,410,000 $300,556 $0 6.55%
    60-80% 17 $6,025,000 $354,412 $11,578 5.55%
    80-100% 2 $620,000 $310,000 $3,727 6.77%
    Under 20% 213 $28,255,000 $132,653 $1,198 6.00%