First Hawaiian Bank Mortgage Rates, Fees & Info
Honolulu, HILEI: WWJYKHS2UNKSDW8XLB53
Tax ID: 99-0034327
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Mortgage Data
Review & Overview
First Hawaiian Bank is a smaller bank specializing in Other and Home Purchase loans. First Hawaiian Bank has a high proportion of conventional loans. Their top markets by origination volume include: Urban Honolulu, Kahului, Kapaa, Hilo, and San Francisco among others. We have data for 5 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.52% | 11/17/24 |
| 30 Year Conventional Purchase | 6.65% | 11/17/24 |
| 30 Year Conventional Refi | 6.59% | 11/17/24 |
| 30 Year Cash-out Refi | 6.48% | 11/17/24 |
| 30 Year VA Purchase | 6.46% | 11/17/24 |
| 30 Year VA Refi | 5.89% | 11/17/24 |
| 30 Year USDA Purchase | 7.06% | 11/17/24 |
| 15 Year Conventional Purchase | 6.38% | 11/17/24 |
| 15 Year Conventional Refi | 6.07% | 11/17/24 |
| 15 Year Cash-out Refi | 6.07% | 11/17/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,593Origination Dollar Volume (All Markets)
$638,535,000Awards
First Hawaiian Bank - 2023
First Hawaiian Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
First Hawaiian Bank's average 30 year fixed mortgage rate was
5.89%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of -0.59%.
Relative Fees (Closing Costs)
First Hawaiian Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $12,938.
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 $9,089.
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) | 934 | $344,700,000 | $369,058 | $11,823 | 5.84% |
| KAHULUI-WAILUKU-LAHAINA, HI (FHA|USDA|VA) | 303 | $143,725,000 | $474,340 | $12,923 | 6.09% |
| Kapaa, HI (FHA|USDA|VA) | 129 | $74,685,000 | $578,953 | $13,712 | 5.87% |
| Hilo, HI (FHA|USDA|VA) | 226 | $73,150,000 | $323,673 | $13,052 | 6.04% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 1 | $2,275,000 | $2,275,000 | $0 | 6.85% |
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.
Similarity Rank: 6
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Similarity Rank: 450
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| HELOC | 1,087 | $271,695,000 | $249,949 | n/a | 5.61% |
| Conventional | 504 | $366,020,000 | $726,230 | $12,490 | 6.58% |
| VA | 2 | $820,000 | $410,000 | $11,413 | 6.06% |
For 2023, First Hawaiian Bank's most frequently originated type of loan was HELOC, with 1,087 originations. Their 2nd most popular type was Conventional, with 504 originations.
Loan Reason
For 2023, First Hawaiian Bank's most frequently cited loan purpose was Other, with 467 originations. The 2nd most popular reason was Home Purchase, with 448 originations.
Loan Duration/Length
For 2023, First Hawaiian Bank's most frequently cited loan duration was 30 Year, with 1,538 originations. The 2nd most popular length was Other, with 19 originations.
Origination Fees/Closing Costs
First Hawaiian Bank's average total fees were $12,938, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 363 originations.
Interest Rates
During 2023, First Hawaiian Bank's average interest rate for loans was 5.89%, while their most frequently originated rate bucket for loans was 4-5%, with 480 originations.
Loan Sizing
2023 saw First Hawaiian Bank place emphasis on $200k-400k loans with 459 originations, totaling $129,015,000 in origination value.
Applicant Income
First Hawaiian Bank lent most frequently to those with incomes in the $250k+ range, with 447 originations. The second most popular income band? $150k-250k, with 428 originations.
Applicant Debt to Income Ratio
First Hawaiian Bank lent most frequently to those with DTI ratios of 49%, with 384 originations. The next most common DTI ratio? 20-30%, with 188 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications79.27%
First Hawaiian Bank has a below average approval rate.
Pick Rate
Approvals leading to origination72.07%
First Hawaiian Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,593 | $638,535,000 | $400,838 |