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 Other, Home Improvement, and Cash Out Refi loans. Hickam has an average proportion of conventional loans. Their top (well, only) market is Urban Honolulu.Hickam 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. 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 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.72% | 4/5/25 |
| 30 Year Cash-out Refi | 3.11% | 4/5/25 |
| 15 Year Conventional Purchase | 6.00% | 4/5/25 |
| 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
110Origination Dollar Volume (All Markets)
$19,390,000Relative Rate
Hickam's average 30 year fixed mortgage rate was
6.19%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.36%.
Relative Fees (Closing Costs)
Hickam's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,567.
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 $8,356.
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) | 110 | $19,390,000 | $176,273 | $4,047 | 8.32% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 78 | $14,010,000 | $179,615 | n/a | 8.40% |
| Conventional | 32 | $5,380,000 | $168,125 | $4,047 | 8.13% |
For 2024, Hickam's most frequently originated type of loan was HELOC, with 78 originations. Their 2nd most popular type was Conventional, with 32 originations.
Loan Reason
For 2024, Hickam's most frequently cited loan purpose was Other, with 39 originations. The 2nd most popular reason was Home Improvement, with 37 originations.
Loan Duration/Length
For 2024, Hickam's most frequently cited loan duration was 15 Year, with 86 originations. The 2nd most popular length was Other, with 14 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 7 | $2,135,000 | $305,000 |
| $5k+ | 2 | $760,000 | $380,000 |
| $2k-3k | 1 | $105,000 | $105,000 |
Hickam's average total fees were $12,567, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 7 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| Over 8% | 95 | $15,955,000 | $167,947 |
| 7-8% | 6 | $1,000,000 | $166,667 |
| 6-7% | 5 | $1,525,000 | $305,000 |
| 4-5% | 3 | $755,000 | $251,667 |
| 5-6% | 1 | $155,000 | $155,000 |
During 2024, Hickam's average interest rate for loans was 6.19%, while their most frequently originated rate bucket for loans was Over 8%, with 95 originations.
Loan Sizing
2024 saw Hickam place emphasis on $100,000 or less loans with 34 originations, totaling $2,110,000 in origination value.
Applicant Income
Hickam lent most frequently to those with incomes in the $150k-250k range, with 50 originations. The second most popular income band? $100k-150k, with 28 originations.
Applicant Debt to Income Ratio
Hickam lent most frequently to those with DTI ratios of 30-36%, with 17 originations. The next most common DTI ratio? 20-30%, with 13 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.14%
Hickam has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination39.09%
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 | 39 | $6,655,000 | $170,641 |
| 1189.04 | 1 | $115,000 | $115,000 |
| 3143.84 | 1 | $405,000 | $405,000 |
| 526.95 | 1 | $75,000 | $75,000 |
| 531.95 | 1 | $25,000 | $25,000 |
| NA | 67 | $12,115,000 | $180,821 |