Honolulu Mortgage Rates, Fees & Info
Honolulu, HILEI: 549300ZJ5NAXZUN3VF05
Tax ID: 99-0073445
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Honolulu is a smaller mortgage company specializing in Refi and Home Purchase loans. Honolulu has a high proportion of conventional loans. Their top two markets are Urban Honolulu and Hilo .Honolulu 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.
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Originations
12Origination Dollar Volume (All Markets)
$5,840,000Top 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) | 9 | $5,055,000 | $561,667 | $0 | 0.00% |
| Hilo, HI (FHA|USDA|VA) | 3 | $785,000 | $261,667 | $0 | 0.00% |
Similar Lenders
We use machine learning to identify the top lenders compared against HONOLULU based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 39
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Similarity Rank: 112
Similarity Rank: 124
Similarity Rank: 152
Similarity Rank: 170
Similarity Rank: 205
Similarity Rank: 2270
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 12 | $5,840,000 | $486,667 | $0 | 0.00% |
For 2023, Honolulu's most frequently originated type of loan was Conventional, with 12 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Refi | 6 | $2,840,000 | $473,333 | $0 | 0.00% |
| Home Purchase | 5 | $2,495,000 | $499,000 | $0 | 0.00% |
| Home Improvement | 1 | $505,000 | $505,000 | $0 | 0.00% |
For 2023, Honolulu's most frequently cited loan purpose was Refi, with 6 originations. The 2nd most popular reason was Home Purchase, with 5 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 12 | $5,840,000 | $486,667 | $0 | 0.00% |
For 2023, Honolulu's most frequently cited loan duration was Other, with 12 originations.
Loan Sizing
2023 saw Honolulu place emphasis on $400k-600k loans with 4 originations, totaling $2,030,000 in origination value.
Applicant Income
Honolulu lent most frequently to those with incomes in the $250k+ range, with 4 originations. The second most popular income band? $50k-75k, with 3 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 12 | $5,840,000 | $486,667 | $0 | 0.00% |
Honolulu lent most frequently to those with DTI ratios of Exempt%, with 12 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 9 | $5,145,000 | $571,667 | $0 | 0.00% |
| White | 3 | $695,000 | $231,667 | $0 | 0.00% |
Approval Rates
Total approvals of all applications100.00%
Honolulu has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination66.67%
Honolulu has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 12 | $5,840,000 | $486,667 |