Territorial Savings Bank Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300UQKYO1TM87WD57

Tax ID: 99-0056630

1 stars - Updated: 3/3/24 - out of 5 stars, based on 16 reviews

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

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Mortgage Data

Review & Overview

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

Territorial Savings Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Territorial Savings Bank 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 5.69% 3/3/24
30 Year Conventional Refi 5.40% 3/3/24
30 Year Cash-out Refi 5.43% 3/3/24
15 Year Conventional Purchase 5.68% 3/3/24
15 Year Conventional Refi 4.91% 3/3/24
15 Year Cash-out Refi 4.91% 3/3/24
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.

Territorial Savings Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Territorial Savings Bank. 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

266

Origination Dollar Volume (All Markets)

$140,920,000

Awards

Territorial Savings Bank 30 Year Conventional Loans silver Territorial Savings Bank 30 Year Conventional Loans silver Territorial Savings Bank 30 Year Conventional Loans gold
Show all (3) awards

Relative Rate

Territorial Savings Bank's average 30 year fixed mortgage rate was 3.78%.

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

This yields a difference of -0.98%.

Relative Fees (Closing Costs)

Territorial Savings Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $14,385.

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) 253 $134,085,000 $529,980 $14,113 3.76%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 5 $2,935,000 $587,000 $13,547 3.53%
Hilo, HI (FHA|USDA|VA) 6 $2,790,000 $465,000 $12,390 2.88%
Kapaa, HI (FHA|USDA|VA) 2 $1,110,000 $555,000 $20,043 3.75%
Territorial Savings Bank's top markets include Urban Honolulu, Kahului, Hilo, and Kapaa among others.

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

    We use machine learning to identify the top lenders compared against Territorial Savings Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    ALOHA PACIFIC
    Similarity Rank: 112
    HONOLULU
    Similarity Rank: 159
    HAWAIIAN FINANCIAL
    Similarity Rank: 212
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 280
    COMPASS HOME LOANS, LLC
    Similarity Rank: 528
    Territorial Savings Bank
    Similarity Rank: 532
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 664
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 676
    American Savings Bank, FSB
    Similarity Rank: 788

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 266 $140,920,000 $529,774 $14,108 3.73%

    For 2022, Territorial Savings Bank's most frequently originated type of loan was Conventional, with 266 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 110 $60,550,000 $550,455 $15,094 4.39%
    Cash Out Refi 95 $54,445,000 $573,105 $14,459 3.37%
    Refi 56 $23,700,000 $423,214 $11,561 3.10%
    Home Improvement 5 $2,225,000 $445,000 $12,940 3.15%

    For 2022, Territorial Savings Bank's most frequently cited loan purpose was Home Purchase, with 110 originations. The 2nd most popular reason was Cash Out Refi, with 95 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 253 $137,355,000 $542,905 $14,385 3.78%
    15 Year 9 $2,165,000 $240,556 $8,190 2.26%
    Other 3 $955,000 $318,333 $9,057 3.79%
    10 Year 1 $445,000 $445,000 $0 4.00%

    For 2022, Territorial Savings Bank's most frequently cited loan duration was 30 Year, with 253 originations. The 2nd most popular length was 15 Year, with 9 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 202 $120,140,000 $594,752
    $3k-4k 14 $3,090,000 $220,714
    $4k-5k 14 $3,130,000 $223,571
    $2k-3k 6 $2,230,000 $371,667

    Territorial Savings Bank's average total fees were $14,385, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 202 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 83 $46,385,000 $558,855
    2.5-3% 80 $43,140,000 $539,250
    4-5% 66 $34,680,000 $525,455
    5-6% 27 $14,255,000 $527,963
    <2.5% 8 $1,800,000 $225,000
    6-7% 2 $660,000 $330,000

    During 2022, Territorial Savings Bank's average interest rate for loans was 3.78%, 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 79 $23,705,000 $300,063 $8,821 3.72%
    $600k-1MM 77 $59,435,000 $771,883 $19,023 3.85%
    $400k-600k 63 $31,005,000 $492,143 $13,349 3.62%
    $100k-200k 26 $4,090,000 $157,308 $6,402 3.58%
    $1MM+ 20 $22,590,000 $1,129,500 $24,785 3.76%
    $100,000 or less 1 $95,000 $95,000 $0 6.25%

    2022 saw Territorial Savings Bank place emphasis on $200k-400k loans with 79 originations, totaling $23,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 69 $33,995,000 $492,681 $13,735 3.76%
    $150k-250k 68 $45,060,000 $662,647 $16,890 3.62%
    $75k-100k 46 $17,100,000 $371,739 $10,767 3.81%
    $250k+ 43 $32,275,000 $750,581 $19,221 3.95%
    $50k-75k 23 $7,645,000 $332,391 $10,264 3.53%
    $50k or less 11 $2,215,000 $201,364 $6,922 3.49%

    Territorial Savings Bank lent most frequently to those with incomes in the $100k-150k range, with 69 originations. The second most popular income band? $150k-250k, with 68 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 54 $28,780,000 $532,963 $14,174 3.52%
    30-36% 49 $28,015,000 $571,735 $13,956 3.78%
    44% 27 $13,495,000 $499,815 $14,034 3.87%
    <20% 22 $10,540,000 $479,091 $12,694 3.36%
    43% 20 $12,590,000 $629,500 $17,530 4.16%
    41% 20 $9,790,000 $489,500 $13,292 3.81%
    39% 15 $9,435,000 $629,000 $16,389 3.58%
    40% 11 $5,305,000 $482,273 $12,349 3.67%
    38% 10 $5,230,000 $523,000 $13,962 3.64%
    42% 10 $4,850,000 $485,000 $15,174 3.85%
    36% 9 $4,105,000 $456,111 $12,477 3.85%
    37% 8 $3,990,000 $498,750 $13,612 3.95%
    45% 3 $1,155,000 $385,000 $10,840 4.17%
    47% 3 $945,000 $315,000 $11,112 3.50%
    49% 2 $900,000 $450,000 $16,386 3.69%

    Territorial Savings Bank lent most frequently to those with DTI ratios of 20-30%, with 54 originations. The next most common DTI ratio? 30-36%, with 49 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 181 $86,495,000 $477,873 $13,205 3.66%
    White 45 $30,005,000 $666,778 $16,104 4.00%
    Not provided 23 $15,355,000 $667,609 $18,361 3.60%
    Native Hawaiian or Islander 7 $3,825,000 $546,429 $12,525 4.11%
    Other Asian 3 $1,585,000 $528,333 $9,948 3.00%
    American Indian 2 $1,450,000 $725,000 $14,282 3.81%
    Japanese 3 $1,345,000 $448,333 $14,833 3.88%
    Black 1 $495,000 $495,000 $14,861 5.88%
    Chinese 1 $365,000 $365,000 $11,021 3.75%

    Approval Rates

    Total approvals of all applications
    95.65%

    Territorial Savings Bank 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
    86.47%

    Territorial Savings Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 266 $140,920,000 $529,774

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    266 $140,920,000 $529,774

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 60 $21,960,000 $366,000 $10,340 3.44%
    40-60% 66 $34,560,000 $523,636 $13,934 3.69%
    60-80% 104 $64,530,000 $620,481 $16,341 3.94%
    80-100% 29 $18,485,000 $637,414 $15,303 3.82%
    Under 20% 7 $1,385,000 $197,857 $6,260 3.09%