Aloha Pacific Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300TT6197INLGZW29

Tax ID: 99-0073432

3.9 stars - out of 5 stars, based on 8 reviews

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

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    Aloha Pacific is a smaller mortgage company specializing in Cash Out Refi and Home Purchase loans. Aloha Pacific has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Kapaa, Las Vegas, and Kahului among others. We have data for 4 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Aloha Pacific has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders. Aloha Pacific 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 5.90% 3/31/23
    30 Year Conventional Refi 6.16% 3/31/23
    30 Year Cash-out Refi 6.10% 3/31/23
    15 Year Conventional Purchase 6.41% 3/31/23
    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.


    Originations

    66

    Origination Dollar Volume (All Markets)

    $40,440,000

    Awards

    ALOHA PACIFIC 30 Year Conventional Loans silver ALOHA PACIFIC 30 Year Conventional Loans gold ALOHA PACIFIC 30 Year Conventional Loans gold
    Show all (3) awards

    Relative Rate

    Aloha Pacific's average 30 year fixed mortgage rate was 3.79%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.97%.

    Relative Fees (Closing Costs)

    Aloha Pacific's average total fees/closing costs for a 30 year fixed rate mortgage were $10,535.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    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) 50 $32,750,000 $655,000 $10,758 3.49%
    Kapaa, HI (FHA|USDA|VA) 6 $3,550,000 $591,667 $8,006 3.31%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 7 $2,545,000 $363,571 $7,206 5.04%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 3 $1,595,000 $531,667 $11,353 3.46%
    Aloha Pacific's top markets include Urban Honolulu, Kapaa, Las Vegas, and Kahului among others.

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

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ALOHA PACIFIC 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: 136
    HONOLULU
    Similarity Rank: 159
    HAWAIIAN FINANCIAL
    Similarity Rank: 212
    S&S Financial
    Similarity Rank: 264
    Territorial Savings Bank
    Similarity Rank: 332
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 404
    First Hawaiian Bank
    Similarity Rank: 420
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 424
    American Savings Bank, FSB
    Similarity Rank: 504
    COMPASS HOME LOANS, LLC
    Similarity Rank: 528

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 66 $40,440,000 $612,727 $10,170 3.64%

    For 2022, Aloha Pacific's most frequently originated type of loan was Conventional, with 66 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 36 $16,170,000 $449,167 $8,594 3.48%
    Home Purchase 21 $19,345,000 $921,190 $14,645 3.94%
    Refi 8 $4,590,000 $573,750 $6,308 3.39%
    Home Improvement 1 $335,000 $335,000 $0 5.00%

    For 2022, Aloha Pacific's most frequently cited loan purpose was Cash Out Refi, with 36 originations. The 2nd most popular reason was Home Purchase, with 21 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 53 $27,885,000 $526,132 $10,535 3.79%
    10 Year 8 $10,400,000 $1,300,000 $3,220 3.38%
    15 Year 4 $1,150,000 $287,500 $7,077 2.22%
    5 Year 1 $1,005,000 $1,005,000 $0 3.50%

    For 2022, Aloha Pacific's most frequently cited loan duration was 30 Year, with 53 originations. The 2nd most popular length was 10 Year, with 8 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 30 $19,470,000 $649,000
    $3k-4k 11 $4,275,000 $388,636
    $4k-5k 8 $2,700,000 $337,500
    $<1k 4 $1,230,000 $307,500
    $2k-3k 3 $965,000 $321,667
    $1k-2k 2 $600,000 $300,000

    Aloha Pacific's average total fees were $10,535, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 30 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 28 $21,260,000 $759,286
    4-5% 16 $8,080,000 $505,000
    2.5-3% 12 $7,780,000 $648,333
    <2.5% 6 $1,980,000 $330,000
    5-6% 3 $1,015,000 $338,333
    6-7% 1 $325,000 $325,000

    During 2022, Aloha Pacific's average interest rate for loans was 3.79%, while their most frequently originated rate bucket for loans was 3-4%, with 28 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 20 $6,200,000 $310,000 $7,365 4.01%
    $400k-600k 18 $8,210,000 $456,111 $9,766 3.47%
    $600k-1MM 15 $11,555,000 $770,333 $12,781 3.48%
    $1MM+ 7 $13,505,000 $1,929,286 $37,257 3.34%
    $100k-200k 6 $970,000 $161,667 $4,679 3.63%

    2022 saw Aloha Pacific place emphasis on $200k-400k loans with 20 originations, totaling $6,200,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 18 $10,780,000 $598,889 $11,317 3.88%
    $75k-100k 14 $5,540,000 $395,714 $9,197 3.91%
    $100k-150k 11 $4,875,000 $443,182 $8,861 3.23%
    $50k-75k 9 $2,865,000 $318,333 $5,936 3.50%
    $250k+ 4 $5,600,000 $1,400,000 $29,844 3.31%
    $50k or less 3 $585,000 $195,000 $5,666 3.50%

    Aloha Pacific lent most frequently to those with incomes in the $150k-250k range, with 18 originations. The second most popular income band? $75k-100k, with 14 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 13 $5,325,000 $409,615 $8,969 3.36%
    30-36% 7 $3,245,000 $463,571 $8,279 3.80%
    44% 4 $2,160,000 $540,000 $10,906 3.78%
    38% 4 $1,680,000 $420,000 $8,901 4.06%
    40% 4 $1,350,000 $337,500 $7,863 3.28%
    50-60% 4 $2,180,000 $545,000 $12,861 4.47%
    41% 3 $1,645,000 $548,333 $8,994 3.21%
    >60% 2 $3,340,000 $1,670,000 $32,454 3.63%
    36% 2 $1,090,000 $545,000 $7,270 4.00%
    37% 2 $1,450,000 $725,000 $15,976 2.94%
    39% 2 $730,000 $365,000 $6,811 4.69%
    42% 2 $1,100,000 $550,000 $9,729 3.94%
    43% 2 $820,000 $410,000 $10,049 3.94%
    45% 2 $1,630,000 $815,000 $12,384 3.44%
    <20% 2 $470,000 $235,000 $6,393 3.63%
    49% 1 $625,000 $625,000 $11,718 2.50%
    46% 1 $165,000 $165,000 $3,476 2.88%
    48% 1 $235,000 $235,000 $8,908 3.75%

    Aloha Pacific lent most frequently to those with DTI ratios of 20-30%, with 13 originations. The next most common DTI ratio? 30-36%, with 7 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 44 $23,230,000 $527,955 $10,547 3.65%
    Not applicable 5 $5,645,000 $1,129,000 $0 3.73%
    Japanese 1 $4,255,000 $4,255,000 $0 3.40%
    White 6 $2,810,000 $468,333 $6,493 3.69%
    Native Hawaiian or Islander 7 $2,505,000 $357,857 $8,869 3.80%
    Not provided 2 $1,010,000 $505,000 $9,642 2.94%
    American Indian 1 $985,000 $985,000 $22,542 2.75%

    Approval Rates

    Total approvals of all applications
    100.00%

    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 origination
    90.91%

    Aloha Pacific has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 66 $40,440,000 $612,727

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    66 $40,440,000 $612,727

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 15 $8,905,000 $593,667 $7,684 3.24%
    40-60% 17 $8,975,000 $527,941 $8,320 3.38%
    60-80% 24 $17,100,000 $712,500 $12,803 3.85%
    80-100% 8 $4,910,000 $613,750 $11,517 4.20%
    Under 20% 2 $550,000 $275,000 $6,265 4.00%