First Hawaiian Bank Mortgage Rates, Fees & Info

Honolulu, HI

LEI: WWJYKHS2UNKSDW8XLB53

Tax ID: 99-0034327

3 stars - Updated: 12/16/24 - out of 5 stars, based on 40 reviews

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • 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

    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.

    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% 12/16/24
    30 Year Conventional Purchase 6.65% 12/16/24
    30 Year Conventional Refi 6.59% 12/16/24
    30 Year Cash-out Refi 6.48% 12/16/24
    30 Year VA Purchase 6.46% 12/16/24
    30 Year VA Refi 5.89% 12/16/24
    30 Year USDA Purchase 7.06% 12/16/24
    15 Year Conventional Purchase 6.38% 12/16/24
    15 Year Conventional Refi 6.07% 12/16/24
    15 Year Cash-out Refi 6.07% 12/16/24
    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

    1,593

    Origination Dollar Volume (All Markets)

    $638,535,000

    Awards

    First Hawaiian Bank 30 Year Conventional Loans gold
    Show all (1) awards

    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%
    First Hawaiian Bank's top markets include Urban Honolulu, Kahului, Kapaa, Hilo, and San Francisco among others.

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

    Maui County Federal Credit Union
    Similarity Rank: 6
    University of Hawaii Federal Credit Union
    Similarity Rank: 39
    HAWAII STATE FEDERAL CREDIT UNION
    Similarity Rank: 112
    HAWAIIUSA FEDERAL CREDIT UNION
    Similarity Rank: 112
    Territorial Savings Bank
    Similarity Rank: 124
    Central Pacific Bank
    Similarity Rank: 148
    HAWAIIAN FINANCIAL
    Similarity Rank: 152
    American Savings Bank, FSB
    Similarity Rank: 184
    First Hawaiian Bank
    Similarity Rank: 395
    Bank of Hawaii
    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 467 $128,565,000 $275,300 $13,581 5.64%
    Home Purchase 448 $331,610,000 $740,201 $12,734 6.55%
    Refi 365 $109,825,000 $300,890 $11,927 5.79%
    Home Improvement 285 $56,485,000 $198,193 $1,056 5.50%
    Cash Out Refi 28 $12,050,000 $430,357 $10,936 6.39%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,538 $553,670,000 $359,993 $12,938 5.89%
    Other 19 $32,795,000 $1,726,053 $3,929 7.08%
    15 Year 16 $5,670,000 $354,375 $9,307 6.37%
    10 Year 12 $17,470,000 $1,455,833 $936 6.17%
    1 Year 5 $3,755,000 $751,000 $18,622 9.30%
    20 Year 1 $20,895,000 $20,895,000 $0 4.88%
    3 Year 1 $2,005,000 $2,005,000 $0 6.63%
    5 Year 1 $2,275,000 $2,275,000 $0 6.85%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 363 $250,345,000 $689,656
    $4k-5k 48 $21,820,000 $454,583
    $3k-4k 29 $7,565,000 $260,862
    $2k-3k 26 $7,860,000 $302,308
    $<1k 17 $5,785,000 $340,294
    $1k-2k 9 $3,165,000 $351,667

    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

    Loan Rate Originations Total Value Average Loan
    4-5% 480 $160,380,000 $334,125
    7-8% 378 $119,780,000 $316,878
    6-7% 297 $143,755,000 $484,024
    5-6% 249 $152,945,000 $614,237
    3-4% 146 $39,810,000 $272,671
    Over 8% 36 $19,090,000 $530,278
    2.5-3% 6 $2,020,000 $336,667
    <2.5% 1 $755,000 $755,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 459 $129,015,000 $281,078 $8,135 5.77%
    $100k-200k 322 $45,140,000 $140,186 $5,817 5.96%
    $400k-600k 313 $144,085,000 $460,335 $11,378 6.02%
    $100,000 or less 240 $15,450,000 $64,375 $1,571 5.76%
    $600k-1MM 160 $118,730,000 $742,063 $14,003 6.21%
    $1MM+ 99 $186,115,000 $1,879,949 $23,768 6.07%

    2023 saw First Hawaiian Bank place emphasis on $200k-400k loans with 459 originations, totaling $129,015,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 447 $273,555,000 $611,980 $15,512 6.02%
    $150k-250k 428 $144,080,000 $336,636 $11,579 5.82%
    $100k-150k 350 $89,970,000 $257,057 $9,511 5.86%
    $75k-100k 174 $32,990,000 $189,598 $8,580 5.92%
    $50k-75k 126 $17,740,000 $140,794 $8,171 5.78%
    $50k or less 48 $4,940,000 $102,917 $6,023 6.11%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    49% 384 $105,750,000 $275,391 $15,827 5.78%
    20-30% 188 $66,500,000 $353,723 $12,417 5.91%
    30-36% 182 $73,760,000 $405,275 $12,684 5.80%
    48% 132 $52,970,000 $401,288 $12,160 5.90%
    46% 80 $31,860,000 $398,250 $12,455 5.98%
    47% 74 $27,840,000 $376,216 $12,508 6.07%
    <20% 69 $22,295,000 $323,116 $10,512 6.12%
    43% 61 $26,825,000 $439,754 $12,544 5.67%
    45% 59 $18,815,000 $318,898 $10,705 6.03%
    42% 56 $21,250,000 $379,464 $9,285 5.92%
    44% 53 $19,515,000 $368,208 $9,479 6.16%
    41% 51 $17,715,000 $347,353 $11,612 5.90%
    37% 42 $15,440,000 $367,619 $10,557 6.06%
    39% 38 $15,630,000 $411,316 $14,165 5.93%
    40% 36 $20,640,000 $573,333 $15,466 6.12%
    38% 35 $15,685,000 $448,143 $12,515 6.07%
    36% 30 $9,000,000 $300,000 $10,874 6.02%
    50-60% 3 $1,785,000 $595,000 $14,114 5.83%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Asian 712 $223,430,000 $313,806 $11,600 5.83%
    White 487 $207,425,000 $425,924 $13,637 6.04%
    Not provided 249 $104,215,000 $418,534 $12,024 5.87%
    Not applicable 12 $67,820,000 $5,651,667 $0 6.13%
    Native Hawaiian or Islander 100 $26,360,000 $263,600 $11,593 5.85%
    Black 17 $4,125,000 $242,647 $11,091 6.03%
    American Indian 11 $3,835,000 $348,636 $12,156 7.11%
    Japanese 3 $715,000 $238,333 $7,985 6.13%
    Filipino 1 $535,000 $535,000 $16,534 7.50%
    Asian Indian 1 $75,000 $75,000 $0 4.83%

    Approval Rates

    Total approvals of all applications
    79.27%

    First Hawaiian Bank has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    72.07%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,593 $638,535,000 $400,838

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 385 $133,055,000 $345,597 $11,291 5.64%
    40-60% 216 $153,910,000 $712,546 $12,451 5.80%
    60-80% 332 $216,780,000 $652,952 $13,554 6.22%
    80-100% 97 $55,775,000 $575,000 $11,965 6.38%
    Over 100% 1 $595,000 $595,000 $17,189 6.25%
    Under 20% 562 $78,420,000 $139,537 $4,071 5.90%