Hickam Mortgage Rates, Fees & Info
Pearl City, HILEI: 549300DSPT6YGS1ZLR56
Tax ID: 99-0073450
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
Hickam is a smaller mortgage company specializing in Cash Out Refi loans. Hickam has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Hilo, and Kahului 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.
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.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/22/24 |
| 15 Year Conventional Purchase | 5.68% | 11/22/24 |
| 15 Year Conventional Refi | 5.68% | 11/22/24 |
| 15 Year Cash-out Refi | 5.68% | 11/22/24 |
| 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
71Origination Dollar Volume (All Markets)
$19,605,000Top 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) | 69 | $18,905,000 | $273,986 | $3,313 | 3.45% |
| Hilo, HI (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $4,225 | 3.63% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $1,349 | 2.88% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 71 | $19,605,000 | $276,127 | $3,298 | 3.44% |
For 2021, Hickam's most frequently originated type of loan was Conventional, with 71 originations.
Loan Reason
For 2021, Hickam's most frequently cited loan purpose was Cash Out Refi, with 43 originations. The 2nd most popular reason was Home Purchase, with 13 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20 Year | 58 | $17,690,000 | $305,000 | $3,622 | 3.36% |
| 15 Year | 11 | $1,845,000 | $167,727 | $1,587 | 3.44% |
| Other | 2 | $70,000 | $35,000 | $0 | 5.75% |
For 2021, Hickam's most frequently cited loan duration was 20 Year, with 58 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
Hickam's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 57 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 25 | $7,575,000 | $303,000 |
| 4-5% | 20 | $3,590,000 | $179,500 |
| <2.5% | 17 | $5,885,000 | $346,176 |
| 3-4% | 6 | $2,440,000 | $406,667 |
| 5-6% | 3 | $115,000 | $38,333 |
During 2021, Hickam's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 2.5-3%, with 25 originations.
Loan Sizing
2021 saw Hickam place emphasis on $200k-400k loans with 26 originations, totaling $7,600,000 in origination value.
Applicant Income
Hickam lent most frequently to those with incomes in the $150k-250k range, with 23 originations. The second most popular income band? $100k-150k, with 20 originations.
Applicant Debt to Income Ratio
Hickam lent most frequently to those with DTI ratios of 20-30%, with 20 originations. The next most common DTI ratio? 30-36%, with 10 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.69%
Hickam has an average approval rate.
Pick Rate
Approvals leading to origination77.46%
Hickam has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 0.0 | 1 | $35,000 | $35,000 |
| NA | 70 | $19,570,000 | $279,571 |