Kahului FHA Loan Rates, Closing Costs & Stats

KAHULUI-WAILUKU-LAHAINA, HI

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Kahului's 29 lenders originated 104 FHA loans during 2023. The total origination value was $66,880,000, with an average FHA loan value of $643,077.

    Kahului FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Kahului averaged 6.51% for the week of 2024-12-13, compared to the national average (all FHA variants) of 6.277% for the same period.

    Kahului's average FHA mortgage closing costs are $16,265.

    The average rate for the prior week (2024-12-06) was 6.18% and one month ago for the week of 2024-11-08, the average rate was 6.24%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.96%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Kahului FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kahului level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 9 6.21% $27,323
    UNITED WHOLESALE MORTGAGE, LLC 9 6.01% $33,518
    HOMEBRIDGE FINANCIAL SERVICES, INC. 8 6.19% $26,173
    QUICKEN LOANS, LLC 7 6.18% $28,195
    SECURITYNATIONAL MORTGAGE COMPANY 7 6.95% $37,758
    GUARANTEED RATE, INC. 5 6.68% $20,741
    LOANDEPOT.COM, LLC 4 5.77% $41,511
    MLD MORTGAGE INC. 4 6.16% $36,893
    Century Mortgage Company DBA Century Lending Company 3 5.92% $36,699
    CMG MORTGAGE, INC. 3 6.38% $20,184
    NEWREZ LLC 3 6.50% $29,386
    V.I.P. MORTGAGE, INC. 2 5.81% $22,648
    Flagstar Bank, FSB 2 6.25% $25,854
    GUILD MORTGAGE COMPANY 2 6.81% $35,487
    HomeStreet Bank 2 6.13% $11,034
    MASON MCDUFFIE MORTGAGE CORPORATION 2 6.56% $28,827
    SUN WEST MORTGAGE COMPANY, INC. 2 6.00% $32,491
    AMERISAVE MORTGAGE CORPORATION 1 5.75% $40,252
    CASTLE & COOKE MORTGAGE, LLC 1 6.25% $36,322
    Mr. Cooper ( Nationstar Mortgage ) 1 5.25% $21,208
    Nations Lending Corporation 1 5.75% $33,324
    CARDINAL FINANCIAL 1 6.25% $10,034
    Northpointe Bank 1 6.75% $40,310
    PLAZA HOME MORTGAGE, INC. 1 6.75% $35,886
    Bank of Hawaii 1 5.88% $15,693
    Ameris Bank 1 5.75% $20,456
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $15,835
    ALAMEDA MORTGAGE CORPORATION 1 6.63% $18,924
    ENVOY MORTGAGE, LTD 1 5.00% $37,589

    The top Kahului FHA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 9 FHA loans originated. Their average total fees are $27,323, which is $6,195 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Kahului FHA lenders (with over 10 loans originated) are .

    The lowest rate Kahului FHA lenders (with over 10 loans originated) are .

    Kahului FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    KAHULUI-WAILUKU-LAHAINA, HI MAUI 2022 $828,000 $1,060,000 $1,281,300 $1,592,350
    KAHULUI-WAILUKU-LAHAINA, HI MAUI 2023 $977,500 $1,251,400 $1,512,650 $1,879,850

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kahului (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $838,225 (5.9%) $1,589,889 (6.4%) 3.11 1,251
    2018-02-01 $830,750 (6.5%) $1,614,233 (9.1%) 3.02 1,242
    2018-03-01 $820,000 (4.5%) $1,633,754 (9.8%) 2.88 1,215
    2018-04-01 $849,125 (9.0%) $1,646,534 (9.8%) 2.88 1,144
    2018-05-01 $849,450 (6.9%) $1,661,746 (6.5%) 2.84 1,068
    2018-06-01 $866,000 (10.2%) $1,635,309 (10.4%) 2.89 1,074
    2018-07-01 $890,250 (12.7%) $1,634,344 (11.3%) 2.97 1,093
    2018-08-01 $895,000 (12.9%) $1,652,596 (8.9%) 3.00 1,087
    2018-09-01 $875,000 (10.1%) $1,588,293 (4.3%) 2.94 1,045
    2018-10-01 $864,500 (9.9%) $1,610,124 (9.2%) 2.93 1,044
    2018-11-01 $887,000 (10.9%) $1,711,463 (14.2%) 3.01 1,047
    2018-12-01 $930,000 (13.8%) $1,763,904 (13.7%) 3.21 1,065
    2019-01-01 $934,950 (11.5%) $1,777,342 (11.8%) 3.23 1,098
    2019-02-01 $957,500 (15.3%) $1,830,675 (13.4%) 3.24 1,091
    2019-03-01 $953,643 (16.3%) $1,943,498 (19.0%) 3.12 1,085
    2019-04-01 $937,118 (10.4%) $2,110,720 (28.2%) 2.98 1,055
    2019-05-01 $939,225 (10.6%) $2,136,396 (28.6%) 2.94 1,018
    2019-06-01 $947,500 (9.4%) $2,160,858 (32.1%) 2.96 968
    2019-07-01 $944,500 (6.1%) $2,233,206 (36.6%) 2.96 947
    2019-08-01 $938,591 (4.9%) $2,148,757 (30.0%) 2.97 918
    2019-09-01 $928,977 (6.2%) $2,034,619 (28.1%) 2.97 880
    2019-10-01 $922,568 (6.7%) $1,914,929 (18.9%) 2.98 892
    2019-11-01 $925,000 (4.3%) $1,835,773 (7.3%) 3.03 976
    2019-12-01 $950,000 (2.2%) $1,897,897 (7.6%) 3.17 975
    2020-01-01 $980,000 (4.8%) $1,935,259 (8.9%) 3.27 959
    2020-02-01 $988,000 (3.2%) $1,935,799 (5.7%) 3.24 946
    2020-03-01 $949,750 (-0.4%) $1,888,181 (-2.9%) 2.98 950
    2020-04-01 $844,000 (-9.9%) $1,687,368 (-20.1%) 2.64 978
    2020-05-01 $825,000 (-12.2%) $1,619,013 (-24.2%) 2.51 981
    2020-06-01 $804,998 (-15.0%) $1,611,101 (-25.4%) 2.37 1,012
    2020-07-01 $797,000 (-15.6%) $1,555,080 (-30.4%) 2.31 1,061
    2020-08-01 $795,000 (-15.3%) $1,544,645 (-28.1%) 2.28 1,076
    2020-09-01 $764,500 (-17.7%) $1,526,339 (-25.0%) 2.19 1,105
    2020-10-01 $788,500 (-14.5%) $1,660,273 (-13.3%) 2.26 1,078
    2020-11-01 $812,000 (-12.2%) $1,714,994 (-6.6%) 2.37 1,064
    2020-12-01 $826,000 (-13.1%) $1,743,554 (-8.1%) 2.46 1,035
    2021-01-01 $838,000 (-14.5%) $1,787,354 (-7.6%) 2.50 922
    2021-02-01 $825,000 (-16.5%) $1,886,639 (-2.5%) 2.40 790
    2021-03-01 $835,000 (-12.1%) $2,045,412 (8.3%) 2.37 658
    2021-04-01 $895,000 (6.0%) $2,241,336 (32.8%) 2.42 530
    2021-05-01 $945,000 (14.6%) $2,384,389 (47.3%) 2.51 463
    2021-06-01 $1,079,750 (34.1%) $2,392,234 (48.5%) 2.80 427
    2021-07-01 $1,150,000 (44.3%) $2,542,773 (63.5%) 3.03 375
    2021-08-01 $1,212,500 (52.5%) $2,685,286 (73.8%) 3.23 336
    2021-09-01 $1,195,000 (56.3%) $2,483,186 (62.7%) 3.19 341
    2021-10-01 $1,195,000 (51.6%) $2,432,895 (46.5%) 3.19 345
    2021-11-01 $1,262,500 (55.5%) $2,431,088 (41.8%) 3.38 316
    2021-12-01 $1,237,250 (49.8%) $2,563,000 (47.0%) 3.35 340
    2022-01-01 $1,276,500 (52.3%) $2,836,188 (58.7%) 3.45 347
    2022-02-01 $1,295,000 (57.0%) $2,835,087 (50.3%) 3.37 360
    2022-03-01 $1,272,500 (52.4%) $2,852,691 (39.5%) 3.19 350
    2022-04-01 $1,299,000 (45.1%) $2,776,294 (23.9%) 3.10 345
    2022-05-01 $1,312,500 (38.9%) $2,464,038 (3.3%) 3.00 376
    2022-06-01 $1,397,000 (29.4%) $2,584,764 (8.1%) 3.11 431
    2022-07-01 $1,375,000 (19.6%) $2,522,679 (-0.8%) 3.10 488
    2022-08-01 $1,324,500 (9.2%) $2,541,472 (-5.4%) 3.06 504
    2022-09-01 $1,424,875 (19.2%) $2,597,748 (4.6%) 3.33 449
    2022-10-01 $1,395,000 (16.7%) $2,505,145 (3.0%) 3.28 426
    2022-11-01 $1,330,000 (5.4%) $2,513,973 (3.4%) 3.20 461
    2022-12-01 $1,315,000 (6.3%) $2,588,488 (1.0%) 3.25 496
    2023-01-01 $1,395,000 (9.3%) $2,724,782 (-3.9%) 3.46 515
    2023-02-01 $1,395,000 (7.7%) $2,725,509 (-3.9%) 3.37 524
    2023-03-01 $1,407,000 (10.6%) $2,837,390 (-0.5%) 3.32 504
    2023-04-01 $1,398,500 (7.7%) $2,830,669 (2.0%) 3.25 495
    2023-05-01 $1,395,000 (6.3%) $2,811,173 (14.1%) 3.16 477
    2023-06-01 $1,395,000 (-0.1%) $2,799,353 (8.3%) 3.13 471
    2023-07-01 $1,395,000 (1.5%) $2,870,005 (13.8%) 3.17 490
    2023-08-01 $1,422,000 (7.4%) $2,890,842 (13.8%) 3.27 445
    2023-09-01 $1,350,000 (-5.3%) $2,647,826 (1.9%) 3.14 436
    2023-10-01 $1,324,500 (-5.1%) $2,467,771 (-1.5%) 3.12 478
    2023-11-01 $1,372,500 (3.2%) $2,521,360 (0.3%) 3.27 519
    2023-12-01 $1,375,000 (4.6%) $2,539,970 (-1.9%) 0.00 616
    2024-01-01 $1,435,000 (2.9%) $2,648,147 (-2.8%) 0.00 635
    2024-02-01 $1,412,500 (1.3%) $2,603,412 (-4.5%) 0.00 678
    2024-03-01 $1,425,000 (1.3%) $2,543,851 (-10.4%) 0.00 749
    2024-04-01 $1,399,500 (0.1%) $2,473,169 (-12.6%) 0.00 797
    2024-05-01 $1,359,660 (-2.5%) $2,377,648 (-15.4%) 0.00 885
    2024-06-01 $1,277,000 (-8.5%) $2,323,490 (-17.0%) 0.00 1,014
    2024-07-01 $1,263,500 (-9.4%) $2,311,499 (-19.5%) 0.00 1,056
    2024-08-01 $1,247,000 (-12.3%) $2,269,075 (-21.5%) 0.00 1,087
    2024-09-01 $1,195,000 (-11.5%) $2,164,249 (-18.3%) 0.00 1,063
    2024-10-01 $1,171,166 (-11.6%) $2,172,519 (-12.0%) 0.00 1,034
    2024-11-01 $1,150,000 (-16.2%) $2,175,517 (-13.7%) 0.00 1,067
    Kahului's median listing price for 2024-11-01 was $1,150,000, a difference of $-222,500 (-16.2%) versus the prior year and $-21,166 versus the prior month.

    Kahului's median listing price comes in at 0% of the national average.

    Kahului's average listing price for 2024-11-01 was $2,175,517, a difference of $-345,843 (-13.7%) versus the prior year and $2,998 versus the prior month.

    For the 2024-11-01 period, Kahului had 1,067 MLS listings, a difference of 33 listings (3%) versus the prior month and 548 listings (106%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kahului (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 82 days 1,334 sqft
    2018-02-01 87 days 1,308 sqft
    2018-03-01 88 days 1,313 sqft
    2018-04-01 96 days 1,324 sqft
    2018-05-01 102 days 1,319 sqft
    2018-06-01 107 days 1,313 sqft
    2018-07-01 98 days 1,396 sqft
    2018-08-01 95 days 1,394 sqft
    2018-09-01 103 days 1,389 sqft
    2018-10-01 99 days 1,416 sqft
    2018-11-01 97 days 1,422 sqft
    2018-12-01 80 days 1,467 sqft
    2019-01-01 74 days 1,409 sqft
    2019-02-01 79 days 1,402 sqft
    2019-03-01 84 days 1,394 sqft
    2019-04-01 90 days 1,401 sqft
    2019-05-01 96 days 1,406 sqft
    2019-06-01 100 days 1,369 sqft
    2019-07-01 93 days 1,392 sqft
    2019-08-01 89 days 1,421 sqft
    2019-09-01 88 days 1,463 sqft
    2019-10-01 87 days 1,447 sqft
    2019-11-01 75 days 1,391 sqft
    2019-12-01 79 days 1,387 sqft
    2020-01-01 83 days 1,389 sqft
    2020-02-01 83 days 1,422 sqft
    2020-03-01 86 days 1,385 sqft
    2020-04-01 80 days 1,240 sqft
    2020-05-01 87 days 1,197 sqft
    2020-06-01 92 days 1,144 sqft
    2020-07-01 88 days 1,103 sqft
    2020-08-01 82 days 1,080 sqft
    2020-09-01 75 days 1,036 sqft
    2020-10-01 82 days 1,052 sqft
    2020-11-01 88 days 1,083 sqft
    2020-12-01 102 days 1,092 sqft
    2021-01-01 102 days 1,051 sqft
    2021-02-01 93 days 1,014 sqft
    2021-03-01 85 days 1,023 sqft
    2021-04-01 66 days 1,071 sqft
    2021-05-01 60 days 1,206 sqft
    2021-06-01 53 days 1,373 sqft
    2021-07-01 52 days 1,495 sqft
    2021-08-01 61 days 1,581 sqft
    2021-09-01 47 days 1,562 sqft
    2021-10-01 50 days 1,440 sqft
    2021-11-01 46 days 1,332 sqft
    2021-12-01 41 days 1,515 sqft
    2022-01-01 50 days 1,578 sqft
    2022-02-01 46 days 1,555 sqft
    2022-03-01 46 days 1,580 sqft
    2022-04-01 48 days 1,488 sqft
    2022-05-01 48 days 1,459 sqft
    2022-06-01 47 days 1,457 sqft
    2022-07-01 50 days 1,445 sqft
    2022-08-01 66 days 1,457 sqft
    2022-09-01 77 days 1,518 sqft
    2022-10-01 78 days 1,532 sqft
    2022-11-01 68 days 1,494 sqft
    2022-12-01 64 days 1,465 sqft
    2023-01-01 66 days 1,540 sqft
    2023-02-01 74 days 1,500 sqft
    2023-03-01 79 days 1,470 sqft
    2023-04-01 75 days 1,454 sqft
    2023-05-01 73 days 1,437 sqft
    2023-06-01 72 days 1,442 sqft
    2023-07-01 73 days 1,464 sqft
    2023-08-01 81 days 1,394 sqft
    2023-09-01 74 days 1,347 sqft
    2023-10-01 63 days 1,292 sqft
    2023-11-01 64 days 1,295 sqft
    2023-12-01 0 days 1,188 sqft
    2024-01-01 0 days 1,165 sqft
    2024-02-01 0 days 1,188 sqft
    2024-03-01 0 days 1,178 sqft
    2024-04-01 0 days 1,133 sqft
    2024-05-01 0 days 1,066 sqft
    2024-06-01 0 days 1,056 sqft
    2024-07-01 0 days 1,060 sqft
    2024-08-01 0 days 1,036 sqft
    2024-09-01 0 days 1,025 sqft
    2024-10-01 0 days 1,028 sqft
    2024-11-01 0 days 1,035 sqft
    Kahului's median listing age (time on market) for 2024-11-01 was 0 days. This is -100% shorter than the same period one year ago.

    Kahului's median square footage for active listings during the 2024-11-01 period was 1,035 sqft. One year prior, the average listing was 1,295 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).