Kahului FHA Loan Rates, Closing Costs & Stats

KAHULUI-WAILUKU-LAHAINA, HI

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 5.93% for the week of 2024-10-11, compared to the national average (all FHA variants) of 6.1% for the same period.

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

The average rate for the prior week (2024-10-04) was 5.85% and one month ago for the week of 2024-09-06, the average rate was 5.88%.

The average rate one year ago was 7.21%.

For refis of the same type during the week of 2024-10-11, the average rate was 5.39%.

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
Kahului's median listing price for 2024-09-01 was $1,195,000, a difference of $-155,000 (-11.5%) versus the prior year and $-52,000 versus the prior month.

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

Kahului's average listing price for 2024-09-01 was $2,164,249, a difference of $-483,577 (-18.3%) versus the prior year and $-104,826 versus the prior month.

For the 2024-09-01 period, Kahului had 1,063 MLS listings, a difference of -24 listings (-2%) versus the prior month and 627 listings (144%) 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
Kahului's median listing age (time on market) for 2024-09-01 was 0 days. This is -100% shorter than the same period one year ago.

Kahului's median square footage for active listings during the 2024-09-01 period was 1,025 sqft. One year prior, the average listing was 1,347 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).