Aloha Pacific Mortgage Rates, Fees & Info
Honolulu, HILEI: 549300TT6197INLGZW29
Tax ID: 99-0073432
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
Aloha Pacific is a smaller mortgage company specializing in Cash Out Refi and Refi loans. Aloha Pacific has a high proportion of conventional loans. Their top markets include Urban Honolulu, Las Vegas, Kapaa, Hilo, and Kahului among others. Aloha Pacific has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Aloha Pacific is typically a high fee lendor.Originations
313Origination Dollar Volume (All Markets)
$141,715,000Awards
ALOHA PACIFIC - 2021
ALOHA PACIFIC is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative Rate
Aloha Pacific's average 30 year fixed rate mortgage of loans were
2.72%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.43%.
Relative Fees
Aloha Pacific's average total fees for a 30 year fixed rate
mortgage are $6,145.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| URBAN HONOLULU, HI (FHA|USDA|VA) | 273 | $127,575,000 | $467,308 | $6,040 | 2.65% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 19 | $5,045,000 | $265,526 | $4,263 | 3.11% |
| Kapaa, HI (FHA|USDA|VA) | 12 | $4,050,000 | $337,500 | $5,804 | 2.67% |
| Hilo, HI (FHA|USDA|VA) | 5 | $3,415,000 | $683,000 | $4,915 | 3.13% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 4 | $1,630,000 | $407,500 | $4,996 | 2.50% |
Aloha Pacific's top markets include Urban Honolulu, Las Vegas, Kapaa, Hilo, and Kahului among others.
Product Mix
| Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Conventional | 313 | $141,715,000 | $452,764 | $5,909 | 2.68% |
For the 2021 period, Aloha Pacific's most frequently originated loan type of loans were Conventional, with 313 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Cash Out Refi | 187 | $88,085,000 | $471,043 | $6,106 | 2.65% |
| Refi | 95 | $37,415,000 | $393,842 | $5,423 | 2.54% |
| Home Purchase | 28 | $14,960,000 | $534,286 | $6,278 | 3.38% |
| Home Improvement | 3 | $1,255,000 | $418,333 | $6,526 | 2.92% |
For the 2021, Aloha Pacific's most frequently cited loan purpose of loans were Cash Out Refi, with 187 originations. The 2nd most popular reason of loans were Refi, with 95 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 243 | $105,885,000 | $435,741 | $6,145 | 2.72% |
| 15 Year | 54 | $15,960,000 | $295,556 | $4,682 | 2.51% |
| 10 Year | 11 | $17,565,000 | $1,596,818 | $0 | 2.97% |
| 20 Year | 4 | $1,920,000 | $480,000 | $7,416 | 2.34% |
| Other | 1 | $385,000 | $385,000 | $4,053 | 2.50% |
For the 2021, Aloha Pacific's most frequently cited loan length of loans were 30 Year, with 243 originations. The 2nd most popular length of loans were 15 Year, with 54 originations.
Origination Fees
| Origination Fee | Originations | Total Value | Average Loan |
|---|---|---|---|
| $1k-2k | 77 | $24,085,000 | $312,792 |
| $<1k | 66 | $27,720,000 | $420,000 |
| $3k-4k | 62 | $26,680,000 | $430,323 |
| $2k-3k | 51 | $17,815,000 | $349,314 |
| $5k+ | 42 | $27,240,000 | $648,571 |
$6,145 of loans were Aloha Pacific's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 77 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| <2.5% | 148 | $57,660,000 | $389,595 |
| 2.5-3% | 132 | $67,700,000 | $512,879 |
| 3-4% | 29 | $16,005,000 | $551,897 |
| 5-6% | 4 | $350,000 | $87,500 |
During 2021, Aloha Pacific's average interest rate of loans were 2.72%, while their most frequently originated rate bucket of loans were <2.5%, with 148 originations.
Loan Sizing
| Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $200k-400k | 119 | $36,105,000 | $303,403 | $4,971 | 2.64% |
| $400k-600k | 94 | $46,680,000 | $496,596 | $6,625 | 2.63% |
| $600k-1MM | 47 | $32,995,000 | $702,021 | $8,152 | 2.72% |
| $100k-200k | 35 | $5,535,000 | $158,143 | $3,993 | 2.65% |
| $1MM+ | 11 | $19,815,000 | $1,801,364 | $16,325 | 2.86% |
| $100,000 or less | 7 | $585,000 | $83,571 | $2,040 | 3.88% |
2021 saw Aloha Pacific place emphasis on $200k-400k loans with 119 originations, totaling $36,105,000 in origination value.
Applicant Income
| Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| $100k-150k | 110 | $49,310,000 | $448,273 | $6,184 | 2.65% |
| $75k-100k | 56 | $18,840,000 | $336,429 | $5,265 | 2.68% |
| $150k-250k | 52 | $27,870,000 | $535,962 | $6,970 | 2.58% |
| $50k-75k | 47 | $12,715,000 | $270,532 | $4,803 | 2.73% |
| $50k or less | 19 | $3,685,000 | $193,947 | $4,473 | 2.82% |
| $250k+ | 18 | $11,730,000 | $651,667 | $7,587 | 2.77% |
Aloha Pacific lent most frequently to those with incomes in the $100k-150k range, with 110 originations. The second most popular income band? $75k-100k, with 56 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-30% | 95 | $39,355,000 | $414,263 | $5,901 | 2.62% |
| 30-36% | 54 | $23,940,000 | $443,333 | $6,298 | 2.74% |
| <20% | 31 | $10,595,000 | $341,774 | $5,092 | 2.49% |
| 36% | 17 | $7,925,000 | $466,176 | $5,640 | 2.84% |
| 42% | 13 | $5,625,000 | $432,692 | $5,527 | 2.91% |
| 41% | 12 | $5,510,000 | $459,167 | $5,860 | 2.63% |
| 37% | 12 | $5,150,000 | $429,167 | $6,843 | 2.65% |
| 39% | 12 | $6,620,000 | $551,667 | $7,988 | 2.63% |
| 40% | 11 | $4,425,000 | $402,273 | $5,241 | 2.51% |
| 38% | 11 | $3,365,000 | $305,909 | $5,399 | 2.70% |
| 50-60% | 10 | $2,810,000 | $281,000 | $5,373 | 3.18% |
| 44% | 8 | $2,820,000 | $352,500 | $6,709 | 2.75% |
| 43% | 5 | $2,035,000 | $407,000 | $5,664 | 2.45% |
| 45% | 4 | $1,080,000 | $270,000 | $5,700 | 2.75% |
| 46% | 4 | $1,810,000 | $452,500 | $5,482 | 2.56% |
| 47% | 2 | $760,000 | $380,000 | $4,223 | 2.38% |
| 48% | 1 | $325,000 | $325,000 | $4,238 | 3.13% |
Aloha Pacific lent most frequently to those with DTI ratios of 20-30%, with 95 originations. The next most common DTI ratio? 30-36%, with 54 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 238 | $96,930,000 | $407,269 | $5,847 | 2.66% |
| Not applicable | 10 | $16,880,000 | $1,688,000 | $0 | 2.96% |
| White | 23 | $10,645,000 | $462,826 | $6,450 | 2.64% |
| Not provided | 22 | $8,670,000 | $394,091 | $5,602 | 2.81% |
| Native Hawaiian | 16 | $6,760,000 | $422,500 | $6,161 | 2.67% |
| Black | 2 | $990,000 | $495,000 | $9,090 | 2.69% |
| Japanese | 1 | $685,000 | $685,000 | $0 | 3.00% |
| American Indian | 1 | $155,000 | $155,000 | $4,412 | 3.00% |
Approval Rates
Total approvals of all applications99.00%
Aloha Pacific has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination89.77%
Aloha Pacific has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 313 | $141,715,000 | $452,764 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 313 | $141,715,000 | $452,764 |
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 20-40% | 62 | $19,450,000 | $313,710 | $5,267 | 2.46% |
| 40-60% | 106 | $53,870,000 | $508,208 | $6,047 | 2.62% |
| 60-80% | 110 | $57,190,000 | $519,909 | $6,438 | 2.75% |
| 80-100% | 20 | $9,330,000 | $466,500 | $6,530 | 2.94% |
| Under 20% | 15 | $1,875,000 | $125,000 | $3,131 | 3.23% |
