Urban Honolulu USDA Loan Rates, Closing Costs & Stats
URBAN HONOLULU, HI
USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.
Urban Honolulu's 13 lenders originated 20 USDA loans during 2023. The total origination value was $8,160,000, with an average USDA loan value of $408,000.
Urban Honolulu USDA Loans, 30 Year Fixed Rates
30 Year USDA mortgages in Urban Honolulu
averaged
5.73%
for the week of 2024-12-13, compared to the national average (all USDA variants) of
6.303% for the same period.
Urban Honolulu's average USDA mortgage closing costs are $9,668.
The average rate for the prior week (2024-12-06) was
5.77% and
one month ago for the week of 2024-11-08, the
average rate was 6.18%.
The average rate one year ago was 6.65%.
For refis of the same type during the week of 2024-12-13, the average rate
was 5.25%.
Urban Honolulu USDA Loan Lenders by Rates & Fees
The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Urban Honolulu level.
| Name | # of Loans | 2023 Avg. 30yFix Rate | 2023 Avg. Closing Costs |
|---|---|---|---|
| CMG MORTGAGE, INC. | 3 | 6.33% | $18,466 |
| NEWREZ LLC | 2 | 6.50% | $11,205 |
| PLAZA HOME MORTGAGE, INC. | 2 | 5.56% | $16,614 |
| GUILD MORTGAGE COMPANY | 2 | 6.75% | $11,670 |
| UNITED WHOLESALE MORTGAGE, LLC | 2 | 5.38% | $12,496 |
| AMERICAN PACIFIC MORTGAGE CORPORATION | 2 | 6.13% | $10,452 |
| ACADEMY MORTGAGE CORPORATION | 1 | 5.25% | $15,423 |
| V.I.P. MORTGAGE, INC. | 1 | 5.63% | $10,252 |
| CROSSCOUNTRY MORTGAGE, LLC | 1 | 6.50% | $9,607 |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | 1 | 6.00% | $13,288 |
| LAND HOME FINANCIAL SERVICES, INC. | 1 | 7.25% | $10,996 |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | 1 | 5.63% | $19,778 |
| SECURITYNATIONAL MORTGAGE COMPANY | 1 | 6.00% | $8,831 |
The top Urban Honolulu USDA lender as defined by loan originations is CMG MORTGAGE, INC., with
3 USDA loans originated. Their average total fees are
$18,466, which is $7,261
higher than the next largest lender,
NEWREZ LLC.
The lowest fee Urban Honolulu USDA lenders (with over 10 loans originated) are
.
The lowest rate Urban Honolulu USDA lenders (with over 10 loans originated) are
.
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%) | $1,331,140 (-3.0%) | 2.59 | 2,191 |
| 2018-02-01 | $695,000 (-2.6%) | $1,301,012 (-4.2%) | 2.52 | 2,259 |
| 2018-03-01 | $695,000 (-0.2%) | $1,252,690 (-6.3%) | 2.44 | 2,343 |
| 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 (-10.3%) | 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 (-7.9%) | 2.34 | 2,819 |
| 2018-11-01 | $698,257 (1.0%) | $1,145,622 (-9.1%) | 2.37 | 2,919 |
| 2018-12-01 | $699,000 (0.0%) | $1,157,469 (-11.6%) | 2.41 | 2,910 |
| 2019-01-01 | $699,000 (0.0%) | $1,152,171 (-13.4%) | 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%) | $1,330,863 (-3.9%) | 1.95 | 1,935 |
| 2022-11-01 | $819,750 (14.3%) | $1,316,224 (-5.4%) | 1.97 | 2,040 |
| 2022-12-01 | $819,500 (17.7%) | $1,328,757 (-5.2%) | 2.02 | 2,043 |
| 2023-01-01 | $813,500 (17.1%) | $1,334,268 (-4.4%) | 2.02 | 2,128 |
| 2023-02-01 | $781,250 (12.1%) | $1,253,202 (-7.3%) | 1.89 | 2,451 |
| 2023-03-01 | $789,222 (8.6%) | $1,233,520 (-10.4%) | 1.86 | 2,512 |
| 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 (2.3%) | 1.88 | 1,970 |
| 2023-11-01 | $799,000 (-2.5%) | $1,354,828 (2.9%) | 1.90 | 2,077 |
| 2023-12-01 | $795,500 (-2.9%) | $1,392,029 (4.8%) | 1.94 | 2,107 |
| 2024-01-01 | $789,500 (-3.0%) | $1,378,053 (3.3%) | 1.93 | 2,054 |
| 2024-02-01 | $789,750 (1.1%) | $1,367,011 (9.1%) | 1.90 | 2,074 |
| 2024-03-01 | $750,000 (-5.0%) | $1,327,164 (7.6%) | 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%) | $1,316,710 (-3.4%) | 1.64 | 2,359 |
| 2024-06-01 | $725,000 (-12.0%) | $1,295,373 (-7.0%) | 1.63 | 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 |
Urban Honolulu's median listing price comes in at 168% of the national average.
Urban Honolulu's average listing price for 2024-11-01 was $1,215,029, a difference of $-139,799 (-10.3%) versus the prior year and $-10,697 versus the prior month.
For the 2024-11-01 period, Urban Honolulu had 2,933 MLS listings, a difference of 128 listings (5%) versus the prior month and 856 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 | 1,224 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 | 1,214 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 | 1,141 sqft |
| 2022-12-01 | 64 days | 1,131 sqft |
| 2023-01-01 | 68 days | 1,130 sqft |
| 2023-02-01 | 64 days | 1,123 sqft |
| 2023-03-01 | 60 days | 1,113 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 | 1,131 sqft |
| 2023-10-01 | 54 days | 1,123 sqft |
| 2023-11-01 | 56 days | 1,107 sqft |
| 2023-12-01 | 62 days | 1,077 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 | 54 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 |
Urban Honolulu's median square footage for active listings during the 2024-11-01 period was 1,023 sqft. One year prior, the average listing was 1,107 sqft.