Pearl Hawaii Federal Credit Union Mortgage Rates, Fees & Info

Waipahu, HI

LEI: 549300JD50LHLWMWPN92

Tax ID: 99-0073437

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Mortgage Data

Review & Overview

Pearl Hawaii Federal Credit Union is a smaller credit union specializing in Cash Out Refi and Home Improvement loans. Pearl Hawaii Federal Credit Union has a high proportion of conventional loans. Their top (well, only) market is Urban Honolulu.

Pearl Hawaii Federal Credit Union 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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Originations

52

Origination Dollar Volume (All Markets)

$8,850,000

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) 52 $8,850,000 $170,192 $0 0.00%
Pearl Hawaii Federal Credit Union's top markets include and Urban Honolulu among others.

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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 52 $8,850,000 $170,192 $0 0.00%

    For 2018, Pearl Hawaii Federal Credit Union's most frequently originated type of loan was Conventional, with 52 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 18 $3,920,000 $217,778 $0 0.00%
    Home Improvement 15 $1,815,000 $121,000 $0 0.00%
    Other 11 $1,255,000 $114,091 $0 0.00%
    Home Purchase 5 $1,185,000 $237,000 $0 0.00%
    Refi 3 $675,000 $225,000 $0 0.00%

    For 2018, Pearl Hawaii Federal Credit Union's most frequently cited loan purpose was Cash Out Refi, with 18 originations. The 2nd most popular reason was Home Improvement, with 15 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 52 $8,850,000 $170,192 $0 0.00%

    For 2018, Pearl Hawaii Federal Credit Union's most frequently cited loan duration was Other, with 52 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 21 $1,235,000 $58,810 $0 0.00%
    $200k-400k 13 $3,185,000 $245,000 $0 0.00%
    $100k-200k 12 $1,730,000 $144,167 $0 0.00%
    $400k-600k 6 $2,700,000 $450,000 $0 0.00%

    2018 saw Pearl Hawaii Federal Credit Union place emphasis on $100,000 or less loans with 21 originations, totaling $1,235,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 17 $2,845,000 $167,353 $0 0.00%
    $50k-75k 13 $1,425,000 $109,615 $0 0.00%
    $150k-250k 10 $1,810,000 $181,000 $0 0.00%
    $75k-100k 9 $1,985,000 $220,556 $0 0.00%
    $250k+ 3 $785,000 $261,667 $0 0.00%

    Pearl Hawaii Federal Credit Union lent most frequently to those with incomes in the $100k-150k range, with 17 originations. The second most popular income band? $50k-75k, with 13 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 37 $5,705,000 $154,189 $0 0.00%
    White 9 $1,665,000 $185,000 $0 0.00%
    Native Hawaiian or Islander 6 $1,480,000 $246,667 $0 0.00%

    Approval Rates

    Total approvals of all applications
    85.19%

    Pearl Hawaii Federal Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    67.31%

    Pearl Hawaii Federal Credit Union 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
    NA 52 $8,850,000 $170,192

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 52 $8,850,000 $170,192