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 and Other loans. Hickam has an average 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.
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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
315Origination Dollar Volume (All Markets)
$55,245,000Top 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) | 311 | $54,095,000 | $173,939 | $5,118 | 4.13% |
| Hilo, HI (FHA|USDA|VA) | 3 | $945,000 | $315,000 | $0 | 4.14% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.21% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 285 | $45,655,000 | $160,193 | n/a | 4.18% |
| Conventional | 30 | $9,590,000 | $319,667 | $5,118 | 3.57% |
For 2022, Hickam's most frequently originated type of loan was HELOC, with 285 originations. Their 2nd most popular type was Conventional, with 30 originations.
Loan Reason
For 2022, Hickam's most frequently cited loan purpose was Home Improvement, with 134 originations. The 2nd most popular reason was Other, with 106 originations.
Loan Duration/Length
For 2022, Hickam's most frequently cited loan duration was 15 Year, with 273 originations. The 2nd most popular length was 20 Year, with 26 originations.
Origination Fees/Closing Costs
| Origination Fee/Closing Cost | Originations | Total Value | Average Loan |
|---|---|---|---|
| $<1k | 19 | $5,625,000 | $296,053 |
| $5k+ | 6 | $2,880,000 | $480,000 |
| $4k-5k | 3 | $595,000 | $198,333 |
| $3k-4k | 2 | $490,000 | $245,000 |
Hickam's average total fees were $0, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 19 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4-5% | 218 | $34,270,000 | $157,202 |
| 3-4% | 73 | $13,285,000 | $181,986 |
| 2.5-3% | 10 | $3,970,000 | $397,000 |
| 5-6% | 8 | $1,280,000 | $160,000 |
| <2.5% | 6 | $2,440,000 | $406,667 |
During 2022, Hickam's average interest rate for loans was 0.00%, while their most frequently originated rate bucket for loans was 4-5%, with 218 originations.
Loan Sizing
2022 saw Hickam place emphasis on $100k-200k loans with 125 originations, totaling $16,425,000 in origination value.
Applicant Income
Hickam lent most frequently to those with incomes in the $150k-250k range, with 121 originations. The second most popular income band? $100k-150k, with 87 originations.
Applicant Debt to Income Ratio
Hickam lent most frequently to those with DTI ratios of 30-36%, with 57 originations. The next most common DTI ratio? 20-30%, with 49 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications75.61%
Hickam has a below average approval rate.
Pick Rate
Approvals leading to origination51.43%
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 | 156 | $25,240,000 | $161,795 |
| 1070.33 | 1 | $135,000 | $135,000 |
| 1091.67 | 1 | $105,000 | $105,000 |
| 1141.95 | 3 | $575,000 | $191,667 |
| 1159.04 | 1 | $115,000 | $115,000 |
| 1162.87 | 1 | $135,000 | $135,000 |
| 1164.04 | 1 | $255,000 | $255,000 |
| 1166.95 | 1 | $205,000 | $205,000 |
| 1171.95 | 1 | $165,000 | $165,000 |
| 1173.87 | 1 | $255,000 | $255,000 |
| 1175.95 | 1 | $105,000 | $105,000 |
| 1184.04 | 1 | $255,000 | $255,000 |
| 1191.25 | 1 | $105,000 | $105,000 |
| 1191.95 | 2 | $470,000 | $235,000 |
| 1196.95 | 2 | $270,000 | $135,000 |
| 1216.95 | 4 | $710,000 | $177,500 |
| 1221.95 | 2 | $330,000 | $165,000 |
| 1243.95 | 1 | $185,000 | $185,000 |
| 1271.95 | 1 | $405,000 | $405,000 |
| 1273.58 | 2 | $340,000 | $170,000 |
| 1346.95 | 1 | $405,000 | $405,000 |
| 1366.95 | 1 | $335,000 | $335,000 |
| 1421.95 | 1 | $255,000 | $255,000 |
| 1501.95 | 1 | $115,000 | $115,000 |
| 1545.82 | 1 | $325,000 | $325,000 |
| 1616.95 | 1 | $125,000 | $125,000 |
| 1796.95 | 1 | $255,000 | $255,000 |
| 1923.58 | 1 | $85,000 | $85,000 |
| 1953.58 | 1 | $255,000 | $255,000 |
| 2131.02 | 1 | $235,000 | $235,000 |
| 2366.87 | 1 | $255,000 | $255,000 |
| 2507.95 | 1 | $255,000 | $255,000 |
| 401.95 | 1 | $105,000 | $105,000 |
| 466.95 | 2 | $780,000 | $390,000 |
| 471.95 | 2 | $810,000 | $405,000 |
| 491.95 | 1 | $105,000 | $105,000 |
| 501.95 | 1 | $245,000 | $245,000 |
| 526.95 | 25 | $2,865,000 | $114,600 |
| 531.95 | 11 | $1,605,000 | $145,909 |
| 551.95 | 8 | $1,180,000 | $147,500 |
| 556.95 | 11 | $1,325,000 | $120,455 |
| 562.95 | 1 | $155,000 | $155,000 |
| 567.95 | 5 | $825,000 | $165,000 |
| 572.95 | 1 | $95,000 | $95,000 |
| 592.95 | 3 | $235,000 | $78,333 |
| 613.95 | 1 | $85,000 | $85,000 |
| 626.95 | 1 | $145,000 | $145,000 |
| 674.95 | 1 | $205,000 | $205,000 |
| 791.95 | 1 | $75,000 | $75,000 |
| 889.73 | 1 | $205,000 | $205,000 |
| 986.95 | 3 | $205,000 | $68,333 |
| NA | 39 | $10,735,000 | $275,256 |