Honolulu Mortgage Rates, Fees & Info

Honolulu, HI

LEI: 549300ZJ5NAXZUN3VF05

Tax ID: 99-0073445

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

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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

    Honolulu is a smaller mortgage company specializing in Refi and Home Purchase loans. Honolulu has a high proportion of conventional loans. Their top (well, only) market is Urban Honolulu.

    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. Honolulu 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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    Originations

    43

    Origination Dollar Volume (All Markets)

    $23,065,000

    Awards

    HONOLULU 30 Year Conventional Loans gold HONOLULU 30 Year Conventional Loans gold
    Show all (2) 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) 43 $23,065,000 $536,395 $8,092 2.43%
    Honolulu's top markets include and Urban Honolulu among others.

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

    • 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.

    HONOLULU
    Similarity Rank: 53
    ALOHA PACIFIC
    Similarity Rank: 140
    University of Hawaii Federal Credit Union
    Similarity Rank: 204
    HAWAIIAN FINANCIAL
    Similarity Rank: 212
    Territorial Savings Bank
    Similarity Rank: 332
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 404
    First Hawaiian Bank
    Similarity Rank: 420
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 424
    American Savings Bank, FSB
    Similarity Rank: 504
    American Mortgage and Insurance Inc.
    Similarity Rank: 520

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 43 $23,065,000 $536,395 $8,092 2.43%

    For 2021, Honolulu's most frequently originated type of loan was Conventional, with 43 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 30 $17,280,000 $576,000 $8,659 2.40%
    Home Purchase 11 $4,905,000 $445,909 $6,471 2.49%
    Home Improvement 1 $35,000 $35,000 $1,053 2.75%
    NA 1 $845,000 $845,000 $0 2.50%

    For 2021, Honolulu's most frequently cited loan purpose was Refi, with 30 originations. The 2nd most popular reason was Home Purchase, with 11 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    5 Year 17 $12,525,000 $736,765 $0 2.43%
    30 Year 13 $5,755,000 $442,692 $8,358 2.63%
    15 Year 10 $3,630,000 $363,000 $8,147 2.19%
    20 Year 2 $1,120,000 $560,000 $9,631 2.23%
    Other 1 $35,000 $35,000 $1,053 2.75%

    For 2021, Honolulu's most frequently cited loan duration was 5 Year, with 17 originations. The 2nd most popular length was 30 Year, with 13 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 29 $19,435,000 $670,172
    $4k-5k 5 $1,995,000 $399,000
    $3k-4k 4 $970,000 $242,500
    $2k-3k 3 $445,000 $148,333
    $<1k 2 $220,000 $110,000

    Honolulu's average total fees were $8,358, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 29 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 26 $15,830,000 $608,846
    2.5-3% 16 $7,050,000 $440,625
    3-4% 1 $185,000 $185,000

    During 2021, Honolulu's average interest rate for loans was 2.63%, while their most frequently originated rate bucket for loans was <2.5%, with 26 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 12 $3,530,000 $294,167 $7,136 2.30%
    $400k-600k 12 $5,690,000 $474,167 $8,627 2.49%
    $600k-1MM 11 $8,375,000 $761,364 $13,631 2.46%
    $100k-200k 4 $630,000 $157,500 $3,531 2.50%
    $1MM+ 3 $4,805,000 $1,601,667 $0 2.42%
    $100,000 or less 1 $35,000 $35,000 $1,053 2.75%

    2021 saw Honolulu place emphasis on $200k-400k loans with 12 originations, totaling $3,530,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $150k-250k 13 $7,645,000 $588,077 $9,174 2.43%
    $75k-100k 7 $1,765,000 $252,143 $4,860 2.71%
    $250k+ 6 $5,940,000 $990,000 $7,310 2.33%
    $50k-75k 6 $2,620,000 $436,667 $10,368 2.38%
    $100k-150k 5 $2,525,000 $505,000 $8,989 2.40%
    $50k or less 4 $1,180,000 $295,000 $7,943 2.13%

    Honolulu lent most frequently to those with incomes in the $150k-250k range, with 13 originations. The second most popular income band? $75k-100k, with 7 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 11 $5,615,000 $510,455 $7,590 2.60%
    <20% 10 $5,460,000 $546,000 $4,929 2.31%
    >60% 5 $2,225,000 $445,000 $11,390 2.18%
    30-36% 5 $2,775,000 $555,000 $8,427 2.45%
    50-60% 2 $1,050,000 $525,000 $0 2.44%
    41% 2 $1,110,000 $555,000 $10,631 2.30%
    42% 1 $465,000 $465,000 $8,884 2.63%
    43% 1 $995,000 $995,000 $15,439 2.25%
    46% 1 $725,000 $725,000 $0 2.38%
    39% 1 $575,000 $575,000 $0 2.38%
    36% 1 $775,000 $775,000 $11,080 2.63%
    40% 1 $305,000 $305,000 $0 2.25%

    Honolulu lent most frequently to those with DTI ratios of 20-30%, with 11 originations. The next most common DTI ratio? <20%, with 10 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 35 $18,825,000 $537,857 $8,249 2.44%
    White 7 $3,755,000 $536,429 $6,939 2.41%
    Native Hawaiian or Islander 1 $485,000 $485,000 $0 2.38%

    Approval Rates

    Total approvals of all applications
    97.96%

    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 origination
    88.37%

    Honolulu has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 43 $23,065,000 $536,395

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    43 $23,065,000 $536,395

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 7 $2,485,000 $355,000 $8,852 2.41%
    40-60% 16 $8,470,000 $529,375 $7,905 2.47%
    60-80% 13 $8,125,000 $625,000 $11,715 2.45%
    80-100% 3 $3,435,000 $1,145,000 $0 2.42%
    Under 20% 4 $550,000 $137,500 $3,844 2.25%