Aloha Pacific Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300TT6197INLGZW29

Tax ID: 99-0073432

4.9 stars - out of 5 stars, based on 18 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

313

Origination Dollar Volume (All Markets)

$141,715,000

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 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 applications
99.00%

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
89.77%

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%