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 6.2% for the week of 2024-03-22, compared to the national average (all USDA variants) of 6.674% for the same period.

Urban Honolulu's average USDA mortgage closing costs are $9,668.

The average rate for the prior week (2024-03-15) was 6.13% and one month ago for the week of 2024-02-16, the average rate was 6.21%.

The average rate one year ago was 6.3%.

For refis of the same type during the week of 2024-03-22, the average rate was 5.52%.

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

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
Urban Honolulu's median listing price for 2024-02-01 was $789,750, a difference of $8,500 (1.1%) versus the prior year and $250 versus the prior month.

Urban Honolulu's median listing price comes in at 190% of the national average.

Urban Honolulu's average listing price for 2024-02-01 was $1,367,011, a difference of $113,809 (9.1%) versus the prior year and $-11,042 versus the prior month.

For the 2024-02-01 period, Urban Honolulu had 2,074 MLS listings, a difference of 20 listings (1%) versus the prior month and -377 listings (-15%) 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
Urban Honolulu's median listing age (time on market) for 2024-02-01 was 68 days. This is 5% longer than the same period one year ago.

Urban Honolulu's median square footage for active listings during the 2024-02-01 period was 1,067 sqft. One year prior, the average listing was 1,123 sqft.