First Hawaiian Bank Mortgage Rates, Fees & Info

Honolulu, HI

LEI: WWJYKHS2UNKSDW8XLB53

Tax ID: 99-0034327

3.6 stars - Updated: 3/3/24 - out of 5 stars, based on 57 reviews

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

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Mortgage Data

Review & Overview

First Hawaiian Bank is a small bank specializing in Home Purchase and Refi loans. First Hawaiian Bank has a high proportion of conventional loans. They have a low ratio of USDA 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.)

First Hawaiian Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. First Hawaiian 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
Home Equity Line of Credit (HELOC) 4.52% 3/3/24
30 Year Conventional Purchase 6.65% 3/3/24
30 Year Conventional Refi 6.59% 3/3/24
30 Year Cash-out Refi 6.48% 3/3/24
30 Year VA Purchase 6.46% 3/3/24
30 Year VA Refi 5.89% 3/3/24
30 Year USDA Purchase 7.06% 3/3/24
15 Year Conventional Purchase 6.38% 3/3/24
15 Year Conventional Refi 6.07% 3/3/24
15 Year Cash-out Refi 6.07% 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.

First Hawaiian Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from First Hawaiian 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

3,206

Origination Dollar Volume (All Markets)

$1,370,010,000

Relative Rate

First Hawaiian Bank's average 30 year fixed mortgage rate was 3.4%.

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

This yields a difference of -1.36%.

Relative Fees (Closing Costs)

First Hawaiian Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $11,995.

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) 2,012 $791,980,000 $393,628 $11,494 3.16%
KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) 618 $319,880,000 $517,605 $11,916 4.09%
Hilo, HI (FHA|USDA|VA) 364 $172,350,000 $473,489 $11,713 3.51%
Kapaa, HI (FHA|USDA|VA) 212 $85,800,000 $404,717 $11,147 3.67%
First Hawaiian 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 First Hawaiian 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
    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
    PACIFIC HOME LOANS, INC.
    Similarity Rank: 696
    American Savings Bank, FSB
    Similarity Rank: 1180

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 2,014 $567,060,000 $281,559 n/a 2.88%
    Conventional 1,184 $798,760,000 $674,628 $11,620 4.33%
    VA 7 $3,835,000 $547,857 $13,625 4.09%
    USDA 1 $355,000 $355,000 $13,905 3.38%

    For 2022, First Hawaiian Bank's most frequently originated type of loan was HELOC, with 2,014 originations. Their 2nd most popular type was Conventional, with 1,184 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 841 $573,315,000 $681,706 $11,425 4.57%
    Refi 833 $334,145,000 $401,134 $11,922 3.10%
    Other 828 $235,560,000 $284,493 $13,251 2.89%
    Home Improvement 515 $121,245,000 $235,427 $7,873 2.83%
    Cash Out Refi 189 $105,745,000 $559,497 $12,242 3.57%

    For 2022, First Hawaiian Bank's most frequently cited loan purpose was Home Purchase, with 841 originations. The 2nd most popular reason was Refi, with 833 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,045 $1,211,125,000 $397,742 $11,995 3.40%
    15 Year 105 $41,055,000 $391,000 $8,879 3.06%
    10 Year 26 $45,310,000 $1,742,692 $6,313 4.70%
    Other 22 $54,750,000 $2,488,636 $6,832 4.95%
    1 Year 4 $6,790,000 $1,697,500 $21,307 6.06%
    3 Year 3 $10,385,000 $3,461,667 $8,174 5.64%
    20 Year 1 $595,000 $595,000 $16,139 3.75%

    For 2022, First Hawaiian Bank's most frequently cited loan duration was 30 Year, with 3,045 originations. The 2nd most popular length was 15 Year, with 105 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 805 $565,115,000 $702,006
    $4k-5k 129 $54,385,000 $421,589
    $3k-4k 102 $31,890,000 $312,647
    $2k-3k 72 $20,610,000 $286,250
    $1k-2k 39 $13,855,000 $355,256
    $<1k 16 $11,810,000 $738,125

    First Hawaiian Bank's average total fees were $11,995, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 805 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,051 $393,935,000 $374,819
    2.5-3% 734 $247,020,000 $336,540
    <2.5% 652 $199,510,000 $305,997
    4-5% 398 $295,970,000 $743,643
    5-6% 293 $172,835,000 $589,881
    6-7% 71 $46,115,000 $649,507
    7-8% 7 $14,625,000 $2,089,286

    During 2022, First Hawaiian Bank's average interest rate for loans was 3.40%, while their most frequently originated rate bucket for loans was 3-4%, with 1,051 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 947 $272,705,000 $287,967 $8,085 3.30%
    $400k-600k 746 $343,050,000 $459,853 $10,590 3.53%
    $100k-200k 565 $79,295,000 $140,345 $5,579 3.09%
    $600k-1MM 385 $290,895,000 $755,571 $13,757 3.99%
    $100,000 or less 358 $23,060,000 $64,413 $4,288 3.02%
    $1MM+ 205 $361,005,000 $1,761,000 $20,996 4.06%

    2022 saw First Hawaiian Bank place emphasis on $200k-400k loans with 947 originations, totaling $272,705,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 850 $545,800,000 $642,118 $13,963 3.70%
    $150k-250k 848 $333,500,000 $393,278 $11,094 3.39%
    $100k-150k 714 $220,850,000 $309,314 $10,961 3.23%
    $75k-100k 399 $93,785,000 $235,050 $9,347 3.20%
    $50k-75k 255 $48,225,000 $189,118 $6,952 3.26%
    $50k or less 110 $16,030,000 $145,727 $6,573 3.33%

    First Hawaiian Bank lent most frequently to those with incomes in the $250k+ range, with 850 originations. The second most popular income band? $150k-250k, with 848 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    49% 484 $149,850,000 $309,607 $12,611 3.08%
    20-30% 471 $181,225,000 $384,766 $10,851 3.37%
    30-36% 429 $193,915,000 $452,016 $12,424 3.39%
    <20% 191 $68,255,000 $357,356 $10,300 3.14%
    48% 181 $68,745,000 $379,807 $11,273 3.44%
    45% 167 $71,005,000 $425,180 $12,129 3.57%
    47% 155 $59,705,000 $385,194 $10,567 3.44%
    46% 152 $63,590,000 $418,355 $13,095 3.45%
    44% 123 $64,025,000 $520,528 $13,470 3.71%
    43% 123 $50,695,000 $412,154 $11,463 3.80%
    42% 121 $47,445,000 $392,107 $10,838 3.53%
    41% 112 $40,680,000 $363,214 $10,679 3.70%
    38% 104 $42,730,000 $410,865 $11,116 3.58%
    39% 92 $37,320,000 $405,652 $11,738 3.51%
    40% 87 $35,505,000 $408,103 $10,349 3.38%
    37% 86 $37,310,000 $433,837 $11,361 3.29%
    36% 79 $29,285,000 $370,696 $11,158 3.50%
    50-60% 14 $7,170,000 $512,143 $16,491 3.86%
    >60% 1 $385,000 $385,000 $8,845 2.63%

    First Hawaiian Bank lent most frequently to those with DTI ratios of 49%, with 484 originations. The next most common DTI ratio? 20-30%, with 471 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 1,491 $544,185,000 $364,980 $11,635 3.19%
    White 927 $410,655,000 $442,994 $11,614 3.67%
    Not provided 524 $250,620,000 $478,282 $11,895 3.58%
    Not applicable 25 $83,605,000 $3,344,200 $0 4.94%
    Native Hawaiian or Islander 200 $64,580,000 $322,900 $10,659 3.26%
    American Indian 17 $7,185,000 $422,647 $20,118 3.15%
    Black 14 $5,720,000 $408,571 $10,643 3.87%
    Asian Indian 2 $1,200,000 $600,000 $11,938 4.81%
    Korean 2 $1,120,000 $560,000 $11,015 5.06%
    Chinese 2 $680,000 $340,000 $7,736 6.44%
    Japanese 2 $460,000 $230,000 $0 2.63%

    Approval Rates

    Total approvals of all applications
    85.42%

    First Hawaiian Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.73%

    First Hawaiian Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,206 $1,370,010,000 $427,327

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,206 $1,370,010,000 $427,327

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 809 $282,475,000 $349,166 $11,123 3.09%
    40-60% 517 $284,715,000 $550,706 $11,503 3.41%
    60-80% 911 $570,755,000 $626,515 $12,239 4.01%
    80-100% 181 $122,635,000 $677,541 $10,155 4.05%
    Over 100% 1 $405,000 $405,000 $18,667 6.25%
    Under 20% 787 $109,025,000 $138,532 $8,265 2.92%

    Complaints

    Bank Name Product Issue 2022 CPFB Complaints % of Total Issues
    FIRST CITIZENS BANCSHARES, INC. Home equity loan or line of credit (HELOC) Applying for a mortgage or refinancing an existing mortgage 1 100.0%