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

    Hawaii Central Fcu has an average approval rate when compared to the average across all 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

    16

    Origination Dollar Volume (All Markets)

    $1,690,000

    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) 16 $1,690,000 $105,625 $2,230 5.73%
    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.

    University of Hawaii Federal Credit Union
    Similarity Rank: 150
    ALOHA PACIFIC
    Similarity Rank: 225
    HAWAIIAN FINANCIAL
    Similarity Rank: 228
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 240
    Territorial Savings Bank
    Similarity Rank: 244
    First Hawaiian Bank
    Similarity Rank: 330
    Central Pacific Bank
    Similarity Rank: 340
    Bank of Hawaii
    Similarity Rank: 380
    American Savings Bank, FSB
    Similarity Rank: 485
    First Republic Bank
    Similarity Rank: 1001

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 16 $1,690,000 $105,625 $2,230 5.73%

    For 2019, Hawaii Central Fcu's most frequently originated type of loan was Conventional, with 16 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 9 $1,115,000 $123,889 $2,798 5.63%
    Home Purchase 7 $575,000 $82,143 $1,501 5.88%

    For 2019, Hawaii Central Fcu's most frequently cited loan purpose was Cash Out Refi, with 9 originations. The 2nd most popular reason was Home Purchase, with 7 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    15 Year 15 $1,365,000 $91,000 $1,789 5.83%
    30 Year 1 $325,000 $325,000 $8,846 4.38%

    For 2019, Hawaii Central Fcu's most frequently cited loan duration was 15 Year, with 15 originations. The 2nd most popular length was 30 Year, with 1 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 9 $795,000 $88,333
    $<1k 4 $160,000 $40,000
    $2k-3k 1 $175,000 $175,000
    $3k-4k 1 $235,000 $235,000
    $5k+ 1 $325,000 $325,000

    Hawaii Central Fcu's average total fees were $8,846, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 9 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 15 $1,365,000 $91,000
    4-5% 1 $325,000 $325,000

    During 2019, Hawaii Central Fcu's average interest rate for loans was 4.38%, while their most frequently originated rate bucket for loans was 5-6%, with 15 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 10 $620,000 $62,000 $1,396 5.84%
    $100k-200k 4 $510,000 $127,500 $2,156 5.88%
    $200k-400k 2 $560,000 $280,000 $6,553 4.94%

    2019 saw Hawaii Central Fcu place emphasis on $100,000 or less loans with 10 originations, totaling $620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 6 $500,000 $83,333 $1,742 5.88%
    $100k-150k 5 $695,000 $139,000 $3,053 5.50%
    $75k-100k 2 $120,000 $60,000 $1,528 5.88%
    $250k+ 1 $115,000 $115,000 $1,956 5.88%
    $50k-75k 1 $235,000 $235,000 $4,260 5.50%
    $50k or less 1 $25,000 $25,000 $702 5.88%

    Hawaii Central Fcu lent most frequently to those with incomes in the $150k-250k range, with 6 originations. The second most popular income band? $100k-150k, with 5 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 6 $710,000 $118,333 $2,888 5.63%
    40% 2 $160,000 $80,000 $1,860 5.88%
    43% 2 $240,000 $120,000 $1,988 5.88%
    38% 1 $35,000 $35,000 $703 5.88%
    36% 1 $115,000 $115,000 $1,956 5.88%
    41% 1 $105,000 $105,000 $1,828 5.88%
    50-60% 1 $25,000 $25,000 $702 5.88%
    48% 1 $235,000 $235,000 $4,260 5.50%
    37% 1 $65,000 $65,000 $1,213 5.50%

    Hawaii Central Fcu lent most frequently to those with DTI ratios of 30-36%, with 6 originations. The next most common DTI ratio? 40%, with 2 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5 $655,000 $131,000 $2,970 5.50%
    Asian 2 $320,000 $160,000 $3,306 5.69%
    Japanese 2 $260,000 $130,000 $2,808 5.88%
    Filipino 2 $150,000 $75,000 $1,423 5.88%
    Chinese 2 $130,000 $65,000 $1,265 5.88%
    Native Hawaiian 2 $110,000 $55,000 $1,036 5.88%
    Native Hawaiian or Islander 1 $65,000 $65,000 $1,159 5.88%

    Approval Rates

    Total approvals of all applications
    88.89%

    Hawaii Central Fcu has an average approval rate.

    Pick Rate

    Approvals leading to origination

    Points and Fees

    Points Originations Total Value Average Loan
    NA 16 $1,690,000 $105,625

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 16 $1,690,000 $105,625

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    40-60% 1 $235,000 $235,000 $4,260 5.50%
    60-80% 1 $325,000 $325,000 $8,846 4.38%
    Under 20% 14 $1,130,000 $80,714 $1,613 5.85%