Aloha Pacific Mortgage Rates, Fees & Info
Honolulu, HILEI: 549300TT6197INLGZW29
Tax ID: 99-0073432
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Aloha Pacific is a smaller mortgage company specializing in Refi and Home Improvement loans. Aloha Pacific has an average proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Las Vegas, Kapaa, Kahului, and Hilo among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)Aloha Pacific has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. 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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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 5.90% | 12/16/24 |
| 30 Year Conventional Refi | 6.16% | 12/16/24 |
| 30 Year Cash-out Refi | 6.10% | 12/16/24 |
| 15 Year Conventional Purchase | 6.41% | 12/16/24 |
| 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. | ||
Aloha Pacific Mortgage Calculator
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
420Origination Dollar Volume (All Markets)
$92,890,000Relative Rate
Aloha Pacific's average 30 year fixed mortgage rate was
3.78%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -2.7%.
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) | 357 | $80,965,000 | $226,793 | $0 | 3.79% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 31 | $4,835,000 | $155,968 | $0 | 3.60% |
| Kapaa, HI (FHA|USDA|VA) | 19 | $4,575,000 | $240,789 | $0 | 3.53% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 8 | $1,290,000 | $161,250 | $0 | 4.70% |
| Hilo, HI (FHA|USDA|VA) | 5 | $1,225,000 | $245,000 | $0 | 3.28% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 399 | $84,375,000 | $211,466 | n/a | 3.78% |
| Conventional | 21 | $8,515,000 | $405,476 | $0 | 0.00% |
For 2023, Aloha Pacific's most frequently originated type of loan was HELOC, with 399 originations. Their 2nd most popular type was Conventional, with 21 originations.
Loan Reason
For 2023, Aloha Pacific's most frequently cited loan purpose was Refi, with 177 originations. The 2nd most popular reason was Home Improvement, with 126 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| 30 Year | 399 | $84,375,000 | $211,466 | $0 | 3.78% |
| Other | 21 | $8,515,000 | $405,476 | $0 | 0.00% |
For 2023, Aloha Pacific's most frequently cited loan duration was 30 Year, with 399 originations. The 2nd most popular length was Other, with 21 originations.
Interest Rates
During 2023, Aloha Pacific's average interest rate for loans was 3.78%, while their most frequently originated rate bucket for loans was 3-4%, with 204 originations.
Loan Sizing
2023 saw Aloha Pacific place emphasis on $200k-400k loans with 201 originations, totaling $56,285,000 in origination value.
Applicant Income
Aloha Pacific lent most frequently to those with incomes in the $100k-150k range, with 151 originations. The second most popular income band? $150k-250k, with 104 originations.
Applicant Debt to Income Ratio
Aloha Pacific lent most frequently to those with DTI ratios of 50-60%, with 64 originations. The next most common DTI ratio? 30-36%, with 53 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications69.25%
Aloha Pacific has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick Rate
Approvals leading to origination83.33%
Aloha Pacific has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 21 | $8,515,000 | $405,476 |
| NA | 399 | $84,375,000 | $211,466 |