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 Home Improvement and Home Purchase loans. Honolulu has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Hilo, and Kahului among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)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
33Origination Dollar Volume (All Markets)
$16,115,000Top 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) | 26 | $13,020,000 | $500,769 | $0 | 0.00% |
| Hilo, HI (FHA|USDA|VA) | 5 | $2,335,000 | $467,000 | $0 | 0.00% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $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: 126
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Similarity Rank: 345
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 33 | $16,115,000 | $488,333 | $0 | 0.00% |
For 2022, Honolulu's most frequently originated type of loan was Conventional, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Improvement | 19 | $7,985,000 | $420,263 | $0 | 0.00% |
| Home Purchase | 12 | $7,550,000 | $629,167 | $0 | 0.00% |
| Refi | 2 | $580,000 | $290,000 | $0 | 0.00% |
For 2022, Honolulu's most frequently cited loan purpose was Home Improvement, with 19 originations. The 2nd most popular reason was Home Purchase, with 12 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 33 | $16,115,000 | $488,333 | $0 | 0.00% |
For 2022, Honolulu's most frequently cited loan duration was Other, with 33 originations.
Loan Sizing
2022 saw Honolulu place emphasis on $200k-400k loans with 13 originations, totaling $3,725,000 in origination value.
Applicant Income
Honolulu lent most frequently to those with incomes in the $250k+ range, with 19 originations. The second most popular income band? $100k-150k, with 8 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 33 | $16,115,000 | $488,333 | $0 | 0.00% |
Honolulu lent most frequently to those with DTI ratios of Exempt%, with 33 originations.
Ethnicity Mix
| Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Asian | 25 | $12,785,000 | $511,400 | $0 | 0.00% |
| White | 7 | $2,875,000 | $410,714 | $0 | 0.00% |
| Black | 1 | $455,000 | $455,000 | $0 | 0.00% |
Approval Rates
Total approvals of all applications97.44%
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 origination87.88%
Honolulu has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 33 | $16,115,000 | $488,333 |