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 Cash Out Refi and Refi loans. Hickam has a high proportion of conventional loans. Their top (well, only) market is Urban Honolulu.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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 4/28/24 |
| 15 Year Conventional Purchase | 5.68% | 4/28/24 |
| 15 Year Conventional Refi | 5.68% | 4/28/24 |
| 15 Year Cash-out Refi | 5.68% | 4/28/24 |
| 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. | ||
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Originations
132Origination Dollar Volume (All Markets)
$39,920,000Top 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) | 132 | $39,920,000 | $302,424 | $4,275 | 3.28% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 132 | $39,920,000 | $302,424 | $4,275 | 3.28% |
For 2020, Hickam's most frequently originated type of loan was Conventional, with 132 originations.
Loan Reason
For 2020, Hickam's most frequently cited loan purpose was Cash Out Refi, with 61 originations. The 2nd most popular reason was Refi, with 44 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 109 | $35,595,000 | $326,560 | $4,475 | 3.28% |
| 15 Year | 18 | $4,090,000 | $227,222 | $3,062 | 2.86% |
| Other | 5 | $235,000 | $47,000 | $0 | 4.75% |
For 2020, Hickam's most frequently cited loan duration was 20 Year, with 109 originations. The 2nd most popular length was 15 Year, with 18 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 91 | $27,065,000 | $297,418 |
| $5k+ | 26 | $10,630,000 | $408,846 |
| $4k-5k | 8 | $1,700,000 | $212,500 |
| $3k-4k | 2 | $290,000 | $145,000 |
Hickam's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 91 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 56 | $18,750,000 | $334,821 |
| 4-5% | 34 | $6,340,000 | $186,471 |
| <2.5% | 33 | $11,615,000 | $351,970 |
| 3-4% | 9 | $3,215,000 | $357,222 |
During 2020, Hickam's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 56 originations.
Loan Sizing
2020 saw Hickam place emphasis on $200k-400k loans with 57 originations, totaling $15,935,000 in origination value.
Applicant Income
Hickam lent most frequently to those with incomes in the $100k-150k range, with 42 originations. The second most popular income band? $150k-250k, with 41 originations.
Applicant Debt to Income Ratio
Hickam lent most frequently to those with DTI ratios of 20-30%, with 40 originations. The next most common DTI ratio? 30-36%, with 15 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications88.14%
Hickam has an average approval rate.
Pick Rate
Approvals leading to origination81.82%
Hickam has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 3 | $145,000 | $48,333 |
| NA | 129 | $39,775,000 | $308,333 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Site-Built | 132 | $39,920,000 | $302,424 |