First Hawaiian Bank Mortgage Rates, Fees & Info
Honolulu, HILEI: WWJYKHS2UNKSDW8XLB53
Tax ID: 99-0034327
Latest/2023 | 2022 Data | 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
---|---|---|
Home Equity Line of Credit (HELOC) | 4.52% | 9/1/24 |
30 Year Conventional Purchase | 6.65% | 9/1/24 |
30 Year Conventional Refi | 6.59% | 9/1/24 |
30 Year Cash-out Refi | 6.48% | 9/1/24 |
30 Year VA Purchase | 6.46% | 9/1/24 |
30 Year VA Refi | 5.89% | 9/1/24 |
30 Year USDA Purchase | 7.06% | 9/1/24 |
15 Year Conventional Purchase | 6.38% | 9/1/24 |
15 Year Conventional Refi | 6.07% | 9/1/24 |
15 Year Cash-out Refi | 6.07% | 9/1/24 |
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
3,206Origination Dollar Volume (All Markets)
$1,370,010,000Top 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) | 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% |
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: 126
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Similarity Rank: 575
Product Mix
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
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
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
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
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
2022 saw First Hawaiian Bank place emphasis on $200k-400k loans with 947 originations, totaling $272,705,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications85.42%
First Hawaiian Bank has an average approval rate.
Pick Rate
Approvals leading to origination77.73%
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
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% |