Hawaii Central Fcu Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300GMGJ4QJ5I5R894

Tax ID: 99-0085683

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Hawaii Central Fcu is a smaller credit union specializing in Home Purchase and Cash Out Refi loans. Hawaii Central Fcu has a high proportion of conventional loans. Their top (well, only) market is Urban Honolulu.

    Hawaii Central Fcu has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Hawaii Central Fcu 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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    Originations

    36

    Origination Dollar Volume (All Markets)

    $11,580,000

    Awards

    Hawaii Central FCU 30 Year Conventional Loans gold Hawaii Central FCU 30 Year Conventional Loans gold
    Show all (2) awards

    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) 36 $11,580,000 $321,667 $11,520 4.93%
    Hawaii Central Fcu's top markets include and Urban Honolulu among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against Hawaii Central FCU based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ALOHA PACIFIC
    Similarity Rank: 37
    Hawaii Central FCU
    Similarity Rank: 51
    University of Hawaii Federal Credit Union
    Similarity Rank: 123
    HAWAIIAN FINANCIAL
    Similarity Rank: 162
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 196
    Central Pacific Bank
    Similarity Rank: 215
    Territorial Savings Bank
    Similarity Rank: 228
    American Savings Bank, FSB
    Similarity Rank: 232
    First Hawaiian Bank
    Similarity Rank: 280
    COMPASS HOME LOANS, LLC
    Similarity Rank: 300

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 36 $11,580,000 $321,667 $11,520 4.93%

    For 2018, Hawaii Central Fcu's most frequently originated type of loan was Conventional, with 36 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 19 $5,045,000 $265,526 $14,185 5.27%
    Cash Out Refi 17 $6,535,000 $384,412 $10,336 4.56%

    For 2018, Hawaii Central Fcu's most frequently cited loan purpose was Home Purchase, with 19 originations. The 2nd most popular reason was Cash Out Refi, with 17 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 22 $3,770,000 $171,364 $17,956 5.56%
    30 Year 14 $7,810,000 $557,857 $10,984 3.96%

    For 2018, Hawaii Central Fcu's most frequently cited loan duration was 15 Year, with 22 originations. The 2nd most popular length was 30 Year, with 14 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 13 $8,235,000 $633,462
    $1k-2k 6 $570,000 $95,000
    $<1k 5 $255,000 $51,000
    $2k-3k 5 $725,000 $145,000
    $3k-4k 5 $1,155,000 $231,000
    $4k-5k 2 $640,000 $320,000

    Hawaii Central Fcu's average total fees were $10,984, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 13 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 21 $2,705,000 $128,810
    3-4% 9 $5,035,000 $559,444
    4-5% 6 $3,840,000 $640,000

    During 2018, Hawaii Central Fcu's average interest rate for loans was 3.96%, while their most frequently originated rate bucket for loans was 5-6%, with 21 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 10 $2,700,000 $270,000 $7,689 4.75%
    $100,000 or less 9 $585,000 $65,000 $0 5.54%
    $100k-200k 7 $965,000 $137,857 $0 5.71%
    $400k-600k 4 $1,920,000 $480,000 $10,361 4.13%
    $600k-1MM 4 $3,260,000 $815,000 $15,569 3.75%
    $1MM+ 2 $2,150,000 $1,075,000 $17,956 4.38%

    2018 saw Hawaii Central Fcu place emphasis on $200k-400k loans with 10 originations, totaling $2,700,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 11 $4,245,000 $385,909 $16,119 5.01%
    $100k-150k 9 $2,475,000 $275,000 $6,977 5.06%
    $75k-100k 7 $2,275,000 $325,000 $11,381 4.55%
    $250k+ 5 $1,615,000 $323,000 $17,956 5.43%
    $50k-75k 4 $970,000 $242,500 $7,990 4.50%

    Hawaii Central Fcu lent most frequently to those with incomes in the $150k-250k range, with 11 originations. The second most popular income band? $100k-150k, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    50-60% 10 $2,050,000 $205,000 $8,164 5.26%
    44% 4 $1,620,000 $405,000 $10,994 4.50%
    30-36% 4 $2,560,000 $640,000 $12,649 4.06%
    39% 2 $840,000 $420,000 $15,938 4.69%
    37% 2 $180,000 $90,000 $0 5.56%
    48% 2 $360,000 $180,000 $0 5.75%
    36% 2 $380,000 $190,000 $7,642 4.50%
    45% 2 $740,000 $370,000 $13,919 4.81%
    43% 1 $95,000 $95,000 $0 5.88%
    20-30% 1 $65,000 $65,000 $0 5.25%
    40% 1 $515,000 $515,000 $11,506 4.25%
    42% 1 $515,000 $515,000 $11,842 3.75%
    <20% 1 $85,000 $85,000 $0 5.25%
    46% 1 $235,000 $235,000 $0 5.63%
    47% 1 $255,000 $255,000 $0 5.88%
    49% 1 $1,085,000 $1,085,000 $0 4.25%

    Hawaii Central Fcu lent most frequently to those with DTI ratios of 50-60%, with 10 originations. The next most common DTI ratio? 44%, with 4 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 18 $6,230,000 $346,111 $13,436 4.96%
    White 11 $3,085,000 $280,455 $7,670 5.07%
    Native Hawaiian or Islander 4 $1,560,000 $390,000 $10,549 4.41%
    Not provided 2 $590,000 $295,000 $8,721 4.69%
    Japanese 1 $115,000 $115,000 $0 5.63%

    Approval Rates

    Total approvals of all applications
    93.88%

    Hawaii Central Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination
    72.22%

    Hawaii Central Fcu has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 36 $11,580,000 $321,667

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 36 $11,580,000 $321,667

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 8 $1,920,000 $240,000 $7,687 5.22%
    40-60% 5 $2,955,000 $591,000 $12,462 4.08%
    60-80% 6 $3,760,000 $626,667 $12,764 3.92%
    80-100% 2 $1,450,000 $725,000 $8,255 4.00%
    Under 20% 15 $1,495,000 $99,667 $0 5.60%