Urban Honolulu FHA Loan Rates, Closing Costs & Stats

URBAN HONOLULU, 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.

    Urban Honolulu's 47 lenders originated 332 FHA loans during 2024. The total origination value was $238,490,000, with an average FHA loan value of $718,343.

    Urban Honolulu FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Urban Honolulu averaged 6.46% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Urban Honolulu's average FHA mortgage closing costs are $16,550.

    The average rate for the prior week (2025-03-28) was 6.15% and one month ago for the week of 2025-02-28, the average rate was 6.14%.

    The average rate one year ago was 6.66%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.19%.

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

    Urban Honolulu 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 Urban Honolulu level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 43 6.01% $19,609
    UNITED WHOLESALE MORTGAGE, LLC 22 5.99% $20,000
    CMG MORTGAGE, INC. 20 6.24% $20,845
    LOANDEPOT.COM, LLC 17 6.16% $27,600
    SECURITYNATIONAL MORTGAGE COMPANY 15 6.61% $34,010
    GUARANTEED RATE, INC. 14 6.28% $19,567
    GUILD MORTGAGE COMPANY 13 6.43% $22,872
    Plains Commerce Bank 11 5.97% $17,857
    V.I.P. MORTGAGE, INC. 10 5.95% $22,650
    PLAZA HOME MORTGAGE, INC. 10 6.17% $24,239
    QUICKEN LOANS, LLC 10 6.01% $19,106
    HighTechLending Inc 9 6.17% $25,783
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.22% $19,194
    Bank of Hawaii 7 5.88% $14,838
    Century Mortgage Company DBA Century Lending Company 7 6.55% $17,943
    NEWREZ LLC 6 6.06% $18,828
    CROSSCOUNTRY MORTGAGE, LLC 6 6.46% $23,233
    HomeStreet Bank 6 5.85% $19,568
    Paramount Residential Mortgage Group, Inc. 5 6.03% $20,236
    CANOPY MORTGAGE, LLC 5 6.38% $18,861
    Mr. Cooper ( Nationstar Mortgage ) 3 6.04% $12,671
    Ameris Bank 3 6.00% $16,911
    The Loan Store, Inc. 2 5.87% $19,421
    VILLAGE CAPITAL MORTGAGE 2 6.62% $8,742
    AMERISAVE MORTGAGE CORPORATION 2 6.63% $33,180
    Carrington Mortgage Services, LLC 2 5.63% $18,453
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.44% $23,914
    AMERICAN FINANCIAL NETWORK, INC. 2 6.81% $21,375
    Mortgage Research Center, LLC 2 5.94% $19,997
    LAND HOME FINANCIAL SERVICES, INC. 2 5.37% $36,209
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.44% $47,322
    ZILLOW HOME LOANS, LLC 1 6.25% $15,445
    GENEVA FINANCIAL, LLC 1 6.50% $17,116
    DAS Acquisition Company, LLC 1 6.25% $26,374
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.25% $15,339
    MID AMERICA MORTGAGE, INC. 1 6.38% $8,079
    OCMBC, INC. 1 6.13% $17,551
    Pacific Lending LLC 1 5.63% $18,472
    PANORAMA MORTGAGE GROUP, LLC 1 5.00% $32,816
    Paramount Bank 1 5.75% $16,974
    PENNYMAC LOAN SERVICES, LLC 1 5.25% $24,183
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $28,735
    SUN WEST MORTGAGE COMPANY, INC. 1 5.99% $19,436
    The Federal Savings Bank 1 6.25% $28,380
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 7.25% $11,624
    AMERICAN FINANCING CORPORATION 1 6.00% $44,482
    Flagstar Bank, FSB 1 5.42% $22,314

    The top Urban Honolulu FHA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 43 FHA loans originated. Their average total fees are $19,609, which is $391 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Urban Honolulu FHA lenders (with over 10 loans originated) are Plains Commerce Bank ($17,857), QUICKEN LOANS, LLC ($19,106), GUARANTEED RATE, INC. ($19,567), FREEDOM MORTGAGE CORPORATION ($19,609) and UNITED WHOLESALE MORTGAGE, LLC ($20,000).

    The lowest rate Urban Honolulu FHA lenders (with over 10 loans originated) are V.I.P. MORTGAGE, INC. (5.95%), Plains Commerce Bank (5.97%), UNITED WHOLESALE MORTGAGE, LLC (5.99%), QUICKEN LOANS, LLC (6.01%) and FREEDOM MORTGAGE CORPORATION (6.01%).

    Urban Honolulu FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    URBAN HONOLULU, HI HONOLULU 2022 $747,500 $956,950 $1,156,700 $1,437,500
    URBAN HONOLULU, HI HONOLULU 2023 $770,500 $986,400 $1,192,300 $1,481,750

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Urban Honolulu (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 $699,000 (-4.9%) $1,331,604 (-3.0%) 2.59 2,190
    2018-02-01 $695,000 (-2.6%) $1,301,448 (-4.2%) 2.52 2,258
    2018-03-01 $695,000 (-0.2%) $1,253,091 (-6.2%) 2.44 2,342
    2018-04-01 $694,900 (-1.1%) $1,229,744 (-6.2%) 2.36 2,450
    2018-05-01 $692,000 (-4.3%) $1,221,866 (-7.5%) 2.31 2,499
    2018-06-01 $695,000 (-2.7%) $1,160,573 (-10.3%) 2.32 2,606
    2018-07-01 $692,000 (-1.0%) $1,142,621 (-10.4%) 2.31 2,746
    2018-08-01 $699,000 (0.0%) $1,146,306 (-10.3%) 2.34 2,755
    2018-09-01 $699,000 (0.6%) $1,170,922 (-7.3%) 2.35 2,775
    2018-10-01 $690,000 (-0.3%) $1,154,490 (-8.0%) 2.34 2,819
    2018-11-01 $698,257 (0.8%) $1,145,622 (-9.2%) 2.37 2,919
    2018-12-01 $699,000 (-0.1%) $1,157,469 (-11.7%) 2.41 2,910
    2019-01-01 $699,000 (0.0%) $1,152,171 (-13.5%) 2.41 2,963
    2019-02-01 $699,000 (0.6%) $1,131,246 (-13.1%) 2.36 3,081
    2019-03-01 $699,214 (0.6%) $1,146,333 (-8.5%) 2.29 3,079
    2019-04-01 $699,214 (0.6%) $1,164,959 (-5.3%) 2.22 3,031
    2019-05-01 $698,500 (0.9%) $1,155,880 (-5.4%) 2.18 2,998
    2019-06-01 $698,500 (0.5%) $1,150,252 (-0.9%) 2.18 2,996
    2019-07-01 $698,000 (0.9%) $1,152,606 (0.9%) 2.19 3,113
    2019-08-01 $693,091 (-0.9%) $1,158,868 (1.1%) 2.19 3,106
    2019-09-01 $685,727 (-1.9%) $1,162,227 (-0.7%) 2.19 3,115
    2019-10-01 $679,500 (-1.5%) $1,164,467 (0.9%) 2.19 3,115
    2019-11-01 $668,000 (-4.3%) $1,157,569 (1.0%) 2.19 3,032
    2019-12-01 $662,500 (-5.2%) $1,186,499 (2.5%) 2.21 2,863
    2020-01-01 $649,450 (-7.1%) $1,168,819 (1.4%) 2.17 2,726
    2020-02-01 $638,000 (-8.7%) $1,143,925 (1.1%) 2.09 2,780
    2020-03-01 $625,000 (-10.6%) $1,137,009 (-0.8%) 1.96 2,839
    2020-04-01 $604,500 (-13.6%) $1,110,263 (-4.7%) 1.89 2,831
    2020-05-01 $610,000 (-12.7%) $1,087,870 (-5.9%) 1.85 2,827
    2020-06-01 $629,000 (-10.0%) $1,104,349 (-4.0%) 1.85 2,794
    2020-07-01 $621,250 (-11.0%) $1,127,585 (-2.2%) 1.80 2,591
    2020-08-01 $600,000 (-13.4%) $1,136,252 (-2.0%) 1.72 2,579
    2020-09-01 $598,500 (-12.7%) $1,127,838 (-3.0%) 1.71 2,459
    2020-10-01 $595,000 (-12.4%) $1,157,577 (-0.6%) 1.70 2,434
    2020-11-01 $597,500 (-10.6%) $1,173,448 (1.4%) 1.75 2,368
    2020-12-01 $581,750 (-12.2%) $1,190,127 (0.3%) 1.73 2,438
    2021-01-01 $573,250 (-11.7%) $1,221,455 (4.5%) 1.71 2,368
    2021-02-01 $547,500 (-14.2%) $1,237,714 (8.2%) 1.59 1,900
    2021-03-01 $572,500 (-8.4%) $1,266,540 (11.4%) 1.62 1,815
    2021-04-01 $599,000 (-0.9%) $1,295,716 (16.7%) 1.62 1,741
    2021-05-01 $625,000 (2.5%) $1,415,112 (30.1%) 1.66 1,581
    2021-06-01 $675,000 (7.3%) $1,411,373 (27.8%) 1.78 1,571
    2021-07-01 $697,400 (12.3%) $1,424,694 (26.4%) 1.84 1,568
    2021-08-01 $712,500 (18.8%) $1,468,837 (29.3%) 1.90 1,473
    2021-09-01 $719,250 (20.2%) $1,444,997 (28.1%) 1.92 1,514
    2021-10-01 $716,500 (20.4%) $1,384,855 (19.6%) 1.91 1,576
    2021-11-01 $717,500 (20.1%) $1,390,971 (18.5%) 1.92 1,571
    2021-12-01 $696,500 (19.7%) $1,401,938 (17.8%) 1.89 1,489
    2022-01-01 $695,000 (21.2%) $1,395,284 (14.2%) 1.88 1,391
    2022-02-01 $696,750 (27.3%) $1,351,223 (9.2%) 1.81 1,429
    2022-03-01 $726,750 (26.9%) $1,376,135 (8.7%) 1.82 1,367
    2022-04-01 $775,000 (29.4%) $1,405,561 (8.5%) 1.85 1,372
    2022-05-01 $809,000 (29.4%) $1,425,422 (0.7%) 1.85 1,471
    2022-06-01 $841,750 (24.7%) $1,414,040 (0.2%) 1.87 1,529
    2022-07-01 $850,000 (21.9%) $1,408,410 (-1.1%) 1.91 1,687
    2022-08-01 $850,000 (19.3%) $1,395,229 (-5.0%) 1.96 1,755
    2022-09-01 $838,250 (16.6%) $1,382,291 (-4.3%) 1.96 1,779
    2022-10-01 $830,000 (15.8%) $1,332,210 (-3.8%) 1.95 1,936
    2022-11-01 $821,100 (14.4%) $1,317,498 (-5.3%) 1.97 2,041
    2022-12-01 $819,750 (17.7%) $1,330,017 (-5.1%) 2.02 2,044
    2023-01-01 $814,000 (17.1%) $1,335,491 (-4.3%) 2.02 2,129
    2023-02-01 $782,500 (12.3%) $1,254,280 (-7.2%) 1.89 2,452
    2023-03-01 $789,500 (8.6%) $1,234,933 (-10.3%) 1.86 2,511
    2023-04-01 $799,900 (3.2%) $1,371,056 (-2.5%) 1.86 1,805
    2023-05-01 $811,500 (0.3%) $1,362,620 (-4.4%) 1.84 1,777
    2023-06-01 $824,018 (-2.1%) $1,393,489 (-1.5%) 1.85 1,811
    2023-07-01 $827,000 (-2.7%) $1,391,699 (-1.2%) 1.88 1,840
    2023-08-01 $822,500 (-3.2%) $1,379,907 (-1.1%) 1.89 1,858
    2023-09-01 $820,000 (-2.2%) $1,379,356 (-0.2%) 1.91 1,862
    2023-10-01 $798,750 (-3.8%) $1,361,328 (2.2%) 1.88 1,970
    2023-11-01 $799,000 (-2.7%) $1,354,828 (2.8%) 1.90 2,077
    2023-12-01 $795,500 (-3.0%) $1,392,029 (4.7%) 1.94 2,107
    2024-01-01 $789,500 (-3.0%) $1,378,053 (3.2%) 1.93 2,054
    2024-02-01 $789,750 (0.9%) $1,367,011 (9.0%) 1.90 2,074
    2024-03-01 $750,000 (-5.0%) $1,327,164 (7.5%) 1.77 2,197
    2024-04-01 $744,000 (-7.0%) $1,322,934 (-3.5%) 1.73 2,243
    2024-05-01 $727,000 (-10.4%) $1,318,284 (-3.3%) 1.65 2,358
    2024-06-01 $728,000 (-11.7%) $1,302,646 (-6.5%) 1.65 2,441
    2024-07-01 $731,500 (-11.6%) $1,241,413 (-10.8%) 1.67 2,638
    2024-08-01 $725,000 (-11.9%) $1,240,712 (-10.1%) 1.69 2,740
    2024-09-01 $712,500 (-13.1%) $1,230,468 (-10.8%) 1.68 2,792
    2024-10-01 $707,375 (-11.4%) $1,225,726 (-10.0%) 1.66 2,805
    2024-11-01 $699,000 (-12.5%) $1,215,029 (-10.3%) 1.68 2,933
    2024-12-01 $699,000 (-12.1%) $1,259,258 (-9.5%) 1.74 2,897
    2025-01-01 $698,500 (-11.5%) $1,275,437 (-7.5%) 1.74 2,877
    2025-02-01 $679,500 (-14.0%) $1,200,797 (-12.2%) 1.65 2,955
    2025-03-01 $675,000 (-10.0%) $1,168,908 (-11.9%) 0.00 3,108
    Urban Honolulu's median listing price for 2025-03-01 was $675,000, a difference of $-75,000 (-10.0%) versus the prior year and $-4,500 versus the prior month.

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

    Urban Honolulu's average listing price for 2025-03-01 was $1,168,908, a difference of $-158,256 (-11.9%) versus the prior year and $-31,889 versus the prior month.

    For the 2025-03-01 period, Urban Honolulu had 3,108 MLS listings, a difference of 153 listings (5%) versus the prior month and 911 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Urban Honolulu (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 66 days 1,253 sqft
    2018-02-01 52 days 1,250 sqft
    2018-03-01 50 days 1,244 sqft
    2018-04-01 51 days 1,263 sqft
    2018-05-01 53 days 1,263 sqft
    2018-06-01 54 days 1,269 sqft
    2018-07-01 54 days 1,273 sqft
    2018-08-01 56 days 1,294 sqft
    2018-09-01 60 days 1,278 sqft
    2018-10-01 64 days 1,265 sqft
    2018-11-01 63 days 1,271 sqft
    2018-12-01 68 days 1,248 sqft
    2019-01-01 65 days 1,228 sqft
    2019-02-01 59 days 1,212 sqft
    2019-03-01 55 days 1,223 sqft
    2019-04-01 57 days 1,238 sqft
    2019-05-01 56 days 1,252 sqft
    2019-06-01 56 days 1,244 sqft
    2019-07-01 54 days 1,228 sqft
    2019-08-01 57 days 1,215 sqft
    2019-09-01 61 days 1,193 sqft
    2019-10-01 64 days 1,176 sqft
    2019-11-01 66 days 1,149 sqft
    2019-12-01 74 days 1,144 sqft
    2020-01-01 76 days 1,115 sqft
    2020-02-01 69 days 1,107 sqft
    2020-03-01 61 days 1,098 sqft
    2020-04-01 71 days 1,058 sqft
    2020-05-01 82 days 1,040 sqft
    2020-06-01 91 days 1,030 sqft
    2020-07-01 83 days 1,002 sqft
    2020-08-01 75 days 985 sqft
    2020-09-01 73 days 959 sqft
    2020-10-01 74 days 977 sqft
    2020-11-01 77 days 963 sqft
    2020-12-01 85 days 957 sqft
    2021-01-01 101 days 934 sqft
    2021-02-01 73 days 892 sqft
    2021-03-01 60 days 899 sqft
    2021-04-01 59 days 932 sqft
    2021-05-01 53 days 984 sqft
    2021-06-01 45 days 1,017 sqft
    2021-07-01 44 days 1,047 sqft
    2021-08-01 46 days 1,048 sqft
    2021-09-01 43 days 1,046 sqft
    2021-10-01 41 days 1,032 sqft
    2021-11-01 44 days 1,000 sqft
    2021-12-01 52 days 952 sqft
    2022-01-01 58 days 927 sqft
    2022-02-01 45 days 938 sqft
    2022-03-01 44 days 976 sqft
    2022-04-01 42 days 1,040 sqft
    2022-05-01 36 days 1,078 sqft
    2022-06-01 39 days 1,134 sqft
    2022-07-01 41 days 1,158 sqft
    2022-08-01 46 days 1,168 sqft
    2022-09-01 49 days 1,136 sqft
    2022-10-01 50 days 1,140 sqft
    2022-11-01 53 days 1,142 sqft
    2022-12-01 64 days 1,131 sqft
    2023-01-01 68 days 1,132 sqft
    2023-02-01 64 days 1,123 sqft
    2023-03-01 60 days 1,114 sqft
    2023-04-01 64 days 1,082 sqft
    2023-05-01 59 days 1,104 sqft
    2023-06-01 58 days 1,120 sqft
    2023-07-01 59 days 1,130 sqft
    2023-08-01 61 days 1,117 sqft
    2023-09-01 58 days 1,132 sqft
    2023-10-01 54 days 1,123 sqft
    2023-11-01 56 days 1,108 sqft
    2023-12-01 62 days 1,078 sqft
    2024-01-01 72 days 1,081 sqft
    2024-02-01 68 days 1,067 sqft
    2024-03-01 60 days 1,045 sqft
    2024-04-01 58 days 1,041 sqft
    2024-05-01 55 days 1,023 sqft
    2024-06-01 57 days 1,016 sqft
    2024-07-01 61 days 1,027 sqft
    2024-08-01 63 days 1,031 sqft
    2024-09-01 66 days 1,029 sqft
    2024-10-01 68 days 1,022 sqft
    2024-11-01 71 days 1,023 sqft
    2024-12-01 75 days 1,019 sqft
    2025-01-01 76 days 1,011 sqft
    2025-02-01 74 days 1,001 sqft
    2025-03-01 0 days 991 sqft
    Urban Honolulu's median listing age (time on market) for 2025-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Urban Honolulu's median square footage for active listings during the 2025-03-01 period was 991 sqft. One year prior, the average listing was 1,045 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).