Aloha Pacific Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300TT6197INLGZW29

Tax ID: 99-0073432

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, 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 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 an average 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% 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






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Aloha Pacific. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    117

    Origination Dollar Volume (All Markets)

    $55,975,000

    Awards

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

    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) 84 $47,610,000 $566,786 $7,723 4.01%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 19 $4,425,000 $232,895 $4,812 3.97%
    Kapaa, HI (FHA|USDA|VA) 11 $2,775,000 $252,273 $2,094 3.91%
    KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 1 $595,000 $595,000 $9,606 3.75%
    Hilo, HI (FHA|USDA|VA) 2 $570,000 $285,000 $660 4.40%
    Aloha Pacific's top markets include Urban Honolulu, Las Vegas, Kapaa, Kahului, and Hilo 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: 150
    HAWAIIAN FINANCIAL
    Similarity Rank: 228
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 240
    Territorial Savings Bank
    Similarity Rank: 244
    SIMPLIFI MORTGAGE, LLC
    Similarity Rank: 288
    First Hawaiian Bank
    Similarity Rank: 330
    Central Pacific Bank
    Similarity Rank: 340
    Bank of Hawaii
    Similarity Rank: 380
    Nevada Mortgage Inc.
    Similarity Rank: 401
    American Savings Bank, FSB
    Similarity Rank: 485

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 116 $55,470,000 $478,190 $6,586 3.98%
    HELOC 1 $505,000 $505,000 n/a 5.75%

    For 2019, Aloha Pacific's most frequently originated type of loan was Conventional, with 116 originations. Their 2nd most popular type was HELOC, with 1 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Cash Out Refi 60 $28,760,000 $479,333 $7,023 3.98%
    Home Purchase 36 $20,440,000 $567,778 $7,242 4.04%
    Refi 20 $6,270,000 $313,500 $4,562 3.86%
    NA 1 $505,000 $505,000 $0 5.75%

    For 2019, Aloha Pacific's most frequently cited loan purpose was Cash Out Refi, with 60 originations. The 2nd most popular reason was Home Purchase, with 36 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 79 $33,065,000 $418,544 $7,453 3.74%
    15 Year 21 $3,565,000 $169,762 $2,789 4.90%
    10 Year 11 $17,505,000 $1,591,364 $0 3.80%
    Other 3 $555,000 $185,000 $330 4.30%
    5 Year 2 $1,010,000 $505,000 $0 4.78%
    20 Year 1 $275,000 $275,000 $0 4.75%

    For 2019, Aloha Pacific's most frequently cited loan duration was 30 Year, with 79 originations. The 2nd most popular length was 15 Year, with 21 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 31 $17,045,000 $549,839
    $<1k 20 $4,350,000 $217,500
    $2k-3k 13 $4,185,000 $321,923
    $3k-4k 12 $4,310,000 $359,167
    $1k-2k 11 $2,765,000 $251,364
    $4k-5k 8 $2,670,000 $333,750

    Aloha Pacific's average total fees were $7,453, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 31 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 83 $40,265,000 $485,120
    4-5% 21 $13,375,000 $636,905
    6-7% 6 $540,000 $90,000
    5-6% 4 $1,080,000 $270,000
    2.5-3% 2 $660,000 $330,000
    7-8% 1 $55,000 $55,000

    During 2019, Aloha Pacific's average interest rate for loans was 3.74%, while their most frequently originated rate bucket for loans was 3-4%, with 83 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 40 $11,790,000 $294,750 $5,825 3.70%
    $400k-600k 24 $11,960,000 $498,333 $8,028 4.00%
    $100k-200k 18 $2,790,000 $155,000 $3,459 4.16%
    $600k-1MM 18 $12,870,000 $715,000 $11,289 3.62%
    $100,000 or less 9 $485,000 $53,889 $394 6.02%
    $1MM+ 8 $16,080,000 $2,010,000 $28,821 3.62%

    2019 saw Aloha Pacific place emphasis on $200k-400k loans with 40 originations, totaling $11,790,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 25 $10,125,000 $405,000 $6,971 3.81%
    $150k-250k 23 $10,705,000 $465,435 $8,064 4.08%
    $75k-100k 22 $6,910,000 $314,091 $5,502 3.84%
    $50k-75k 18 $4,480,000 $248,889 $5,794 3.83%
    $250k+ 8 $4,260,000 $532,500 $11,926 4.48%
    $50k or less 8 $890,000 $111,250 $2,125 4.74%

    Aloha Pacific lent most frequently to those with incomes in the $100k-150k range, with 25 originations. The second most popular income band? $150k-250k, with 23 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 25 $8,945,000 $357,800 $6,378 3.95%
    20-30% 20 $7,170,000 $358,500 $7,633 3.67%
    44% 13 $5,655,000 $435,000 $6,707 4.51%
    50-60% 6 $1,270,000 $211,667 $1,622 4.36%
    43% 5 $1,895,000 $379,000 $6,087 4.15%
    38% 4 $2,130,000 $532,500 $11,573 3.66%
    47% 4 $1,180,000 $295,000 $5,237 4.00%
    39% 3 $2,365,000 $788,333 $15,654 3.29%
    41% 3 $1,105,000 $368,333 $7,525 3.75%
    <20% 3 $575,000 $191,667 $5,672 3.29%
    37% 3 $455,000 $151,667 $4,096 3.92%
    >60% 2 $410,000 $205,000 $330 5.73%
    36% 2 $840,000 $420,000 $0 4.19%
    40% 2 $450,000 $225,000 $6,921 3.50%
    42% 2 $600,000 $300,000 $4,699 4.88%
    45% 2 $820,000 $410,000 $5,193 5.13%
    49% 1 $415,000 $415,000 $10,177 4.13%
    48% 1 $285,000 $285,000 $4,860 3.25%
    46% 1 $165,000 $165,000 $173 3.88%

    Aloha Pacific lent most frequently to those with DTI ratios of 30-36%, with 25 originations. The next most common DTI ratio? 20-30%, with 20 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 91 $35,335,000 $388,297 $6,975 4.03%
    Not applicable 8 $14,760,000 $1,845,000 $0 3.66%
    White 8 $2,810,000 $351,250 $6,546 3.75%
    Native Hawaiian or Islander 7 $2,095,000 $299,286 $3,289 4.04%
    Japanese 1 $505,000 $505,000 $0 3.80%
    Not provided 1 $405,000 $405,000 $5,104 4.13%
    American Indian 1 $65,000 $65,000 $660 5.00%

    Approval Rates

    Total approvals of all applications
    98.51%

    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
    91.45%

    Aloha Pacific has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    815.18 1 $175,000 $175,000
    NA 116 $55,800,000 $481,034

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 11 $17,645,000 $1,604,091
    Single Family (1-4 Units):Site-Built 106 $38,330,000 $361,604

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $1,665,000 $237,857 $4,362 3.48%
    40-60% 25 $17,775,000 $711,000 $6,392 3.85%
    60-80% 54 $29,570,000 $547,593 $8,942 3.73%
    80-100% 16 $5,200,000 $325,000 $5,198 3.88%
    Over 100% 1 $505,000 $505,000 $0 5.75%
    Under 20% 14 $1,260,000 $90,000 $1,483 5.53%