Hilo VA Loan Rates, Closing Costs & Stats

Hilo, HI

A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

For additional benefits of VA loans, click here.

Hilo's 50 lenders originated 277 VA loans during 2024. The total origination value was $151,545,000, with an average VA loan value of $547,094.

Hilo VA Loans, 30 Year Fixed Rates

30 Year VA mortgages in Hilo averaged 6.83% for the week of 2025-04-04, compared to the national average (all VA variants) of 6.06% for the same period.

Hilo's average VA mortgage closing costs are $8,796.

The average rate for the prior week (2025-03-28) was 6.65% and one month ago for the week of 2025-02-28, the average rate was 6.73%.

The average rate one year ago was 6.84%.

For refis of the same type during the week of 2025-04-04, the average rate was 6.51%.

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

Hilo VA Loan Lenders by Rates & Fees

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

Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
Mortgage Research Center, LLC 52 6.04% $8,728
UNITED WHOLESALE MORTGAGE, LLC 42 5.92% $12,121
FREEDOM MORTGAGE CORPORATION 25 5.96% $10,739
GUILD MORTGAGE COMPANY 11 6.27% $12,935
QUICKEN LOANS, LLC 10 5.73% $9,912
V.I.P. MORTGAGE, INC. 9 6.47% $13,110
NAVY FEDERAL CREDIT UNION 7 5.89% $6,434
NFM, INC. 7 6.96% $21,370
AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.34% $10,563
Century Mortgage Company DBA Century Lending Company 6 5.77% $24,475
CROSSCOUNTRY MORTGAGE, LLC 6 6.39% $14,781
LOANDEPOT.COM, LLC 5 5.77% $17,074
The Federal Savings Bank 5 5.93% $39,843
PENNYMAC LOAN SERVICES, LLC 5 5.73% $9,950
USAA Federal Savings Bank 4 6.31% $6,115
NEW DAY FINANCIAL, LLC 4 7.53% $17,089
CMG MORTGAGE, INC. 3 6.29% $26,516
VILLAGE CAPITAL MORTGAGE 3 6.08% $7,521
AMERICAN FINANCIAL NETWORK, INC. 3 6.37% $12,025
LAND HOME FINANCIAL SERVICES, INC. 3 6.54% $18,919
HomeStreet Bank 3 5.38% $11,601
NBKC BANK 2 5.81% $2,678
NEWREZ LLC 2 5.94% $2,442
Bank of Hawaii 2 5.94% $19,007
DAS Acquisition Company, LLC 2 6.69% $9,258
American Savings Bank, FSB 2 5.25% $9,404
First Hawaiian Bank 2 6.31% $13,859
GUARANTEED RATE, INC. 2 6.50% $11,267
HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.06% $7,022
Carrington Mortgage Services, LLC 2 6.81% $15,403
MASON MCDUFFIE MORTGAGE CORPORATION 2 5.74% $18,156
MLD MORTGAGE INC. 2 6.06% $7,191
MORTGAGEONE, INC. 2 5.81% $6,141
ZILLOW HOME LOANS, LLC 1 6.25% $9,203
Ameris Bank 1 5.75% $4,073
Barrington Bank & Trust Company, N.A. 1 6.63% $2,668
CARDINAL FINANCIAL 1 5.88% $4,530
CLEARPATH LENDING 1 5.50% $31,735
Cornerstone First Mortgage, Inc 1 5.88% $15,222
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.13% $3,077
First Federal Bank 1 5.75% $13,301
Home Mortgage Alliance Corp 1 5.75% $7,629
Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $19,583
PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $13,900
SECURITYNATIONAL MORTGAGE COMPANY 1 5.63% $31,053
SOVEREIGN LENDING GROUP INCORPORATED 1 6.00% $5,719
Texana Bank 1 5.88% $8,327
The Loan Store, Inc. 1 5.63% $24,523
Wells Fargo Bank 1 6.38% $18,888
ALAMEDA MORTGAGE CORPORATION 1 5.75% $60,737

The top Hilo VA lender as defined by loan originations is Mortgage Research Center, LLC, with 52 VA loans originated. Their average total fees are $8,728, which is $3,393 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Hilo VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($8,728), QUICKEN LOANS, LLC ($9,912), FREEDOM MORTGAGE CORPORATION ($10,739), UNITED WHOLESALE MORTGAGE, LLC ($12,121) and GUILD MORTGAGE COMPANY ($12,935).

The lowest rate Hilo VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.73%), UNITED WHOLESALE MORTGAGE, LLC (5.92%), FREEDOM MORTGAGE CORPORATION (5.96%), Mortgage Research Center, LLC (6.04%) and GUILD MORTGAGE COMPANY (6.27%).


Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Hilo (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 $499,500 (0.1%) $1,027,693 (3.5%) 1.85 1,446
2018-02-01 $499,000 (0.2%) $1,021,937 (4.8%) 1.81 1,477
2018-03-01 $499,000 (1.7%) $1,027,015 (7.6%) 1.75 1,398
2018-04-01 $499,000 (1.4%) $999,257 (1.5%) 1.69 1,357
2018-05-01 $499,000 (5.2%) $1,015,049 (1.9%) 1.67 1,317
2018-06-01 $499,000 (5.8%) $1,017,797 (3.3%) 1.66 1,352
2018-07-01 $499,350 (4.1%) $1,016,596 (3.0%) 1.67 1,361
2018-08-01 $499,000 (2.0%) $1,011,483 (-1.6%) 1.67 1,374
2018-09-01 $479,000 (-1.2%) $986,136 (-3.2%) 1.61 1,366
2018-10-01 $459,375 (-3.6%) $940,464 (-4.3%) 1.56 1,385
2018-11-01 $452,500 (-4.1%) $914,093 (-4.8%) 1.53 1,458
2018-12-01 $469,900 (-3.9%) $971,167 (-0.2%) 1.62 1,502
2019-01-01 $484,000 (-3.1%) $982,233 (-4.4%) 1.67 1,587
2019-02-01 $484,500 (-2.9%) $1,010,645 (-1.1%) 1.64 1,616
2019-03-01 $480,857 (-3.6%) $1,013,424 (-1.3%) 1.57 1,588
2019-04-01 $469,750 (-5.9%) $1,012,014 (1.3%) 1.49 1,573
2019-05-01 $467,375 (-6.3%) $1,018,600 (0.4%) 1.46 1,537
2019-06-01 $449,900 (-9.8%) $1,007,027 (-1.1%) 1.41 1,514
2019-07-01 $449,450 (-10.0%) $993,279 (-2.3%) 1.41 1,481
2019-08-01 $443,545 (-11.1%) $1,017,687 (0.6%) 1.40 1,465
2019-09-01 $435,364 (-9.1%) $1,015,669 (3.0%) 1.39 1,438
2019-10-01 $432,409 (-5.9%) $1,022,247 (8.7%) 1.40 1,418
2019-11-01 $439,250 (-2.9%) $1,043,382 (14.1%) 1.44 1,444
2019-12-01 $429,000 (-8.7%) $1,035,821 (6.7%) 1.43 1,443
2020-01-01 $444,450 (-8.2%) $1,065,904 (8.5%) 1.49 1,397
2020-02-01 $447,000 (-7.7%) $1,086,716 (7.5%) 1.46 1,368
2020-03-01 $430,950 (-10.4%) $1,065,382 (5.1%) 1.35 1,380
2020-04-01 $419,675 (-10.7%) $994,660 (-1.7%) 1.31 1,318
2020-05-01 $449,000 (-3.9%) $1,021,978 (0.3%) 1.36 1,297
2020-06-01 $461,500 (2.6%) $1,044,978 (3.8%) 1.36 1,271
2020-07-01 $458,500 (2.0%) $1,095,762 (10.3%) 1.33 1,171
2020-08-01 $449,900 (1.4%) $1,120,367 (10.1%) 1.29 1,122
2020-09-01 $491,125 (12.8%) $1,215,921 (19.7%) 1.41 1,028
2020-10-01 $499,000 (15.4%) $1,294,728 (26.7%) 1.43 1,002
2020-11-01 $499,000 (13.6%) $1,283,744 (23.0%) 1.46 956
2020-12-01 $499,000 (16.3%) $1,330,888 (28.5%) 1.48 910
2021-01-01 $499,000 (12.3%) $1,325,019 (24.3%) 1.49 832
2021-02-01 $488,750 (9.3%) $1,356,891 (24.9%) 1.42 662
2021-03-01 $490,000 (13.7%) $1,453,456 (36.4%) 1.39 557
2021-04-01 $476,000 (13.4%) $1,344,306 (35.2%) 1.29 525
2021-05-01 $540,000 (20.3%) $1,232,227 (20.6%) 1.43 464
2021-06-01 $563,875 (22.2%) $1,305,742 (25.0%) 1.48 444
2021-07-01 $549,500 (19.9%) $1,297,349 (18.4%) 1.45 411
2021-08-01 $550,000 (22.3%) $1,227,367 (9.6%) 1.47 436
2021-09-01 $577,500 (17.6%) $1,163,722 (-4.3%) 1.54 494
2021-10-01 $549,000 (10.0%) $1,226,055 (-5.3%) 1.46 492
2021-11-01 $525,000 (5.2%) $1,368,781 (6.6%) 1.40 487
2021-12-01 $538,000 (7.8%) $1,335,776 (0.4%) 1.46 468
2022-01-01 $527,000 (5.6%) $1,485,071 (12.1%) 1.42 453
2022-02-01 $517,500 (5.9%) $1,444,549 (6.5%) 1.35 453
2022-03-01 $512,875 (4.7%) $1,418,551 (-2.4%) 1.28 455
2022-04-01 $515,000 (8.2%) $1,370,457 (2.0%) 1.23 444
2022-05-01 $564,500 (4.5%) $1,336,610 (8.5%) 1.29 497
2022-06-01 $627,000 (11.2%) $1,277,921 (-2.1%) 1.40 571
2022-07-01 $649,000 (18.1%) $1,225,441 (-5.5%) 1.46 684
2022-08-01 $640,750 (16.5%) $1,217,395 (-0.8%) 1.48 702
2022-09-01 $625,000 (8.2%) $1,189,718 (2.2%) 1.46 680
2022-10-01 $599,950 (9.3%) $1,177,805 (-3.9%) 1.41 727
2022-11-01 $605,500 (15.3%) $1,160,231 (-15.2%) 1.46 758
2022-12-01 $599,000 (11.3%) $1,162,843 (-13.0%) 1.48 778
2023-01-01 $630,000 (19.5%) $1,329,581 (-10.5%) 1.56 750
2023-02-01 $599,250 (15.8%) $1,305,048 (-9.7%) 1.45 747
2023-03-01 $628,000 (22.5%) $1,388,714 (-2.1%) 1.48 707
2023-04-01 $645,000 (25.2%) $1,409,083 (2.8%) 1.50 661
2023-05-01 $616,972 (9.3%) $1,377,894 (3.1%) 1.40 638
2023-06-01 $610,625 (-2.6%) $1,424,037 (11.4%) 1.37 658
2023-07-01 $598,000 (-7.9%) $1,355,545 (10.6%) 1.36 690
2023-08-01 $583,250 (-9.0%) $1,363,697 (12.0%) 1.34 677
2023-09-01 $595,000 (-4.8%) $1,369,956 (15.2%) 1.39 693
2023-10-01 $620,000 (3.3%) $1,390,206 (18.0%) 1.46 717
2023-11-01 $646,925 (6.8%) $1,400,273 (20.7%) 1.54 780
2023-12-01 $645,000 (7.7%) $1,410,416 (21.3%) 1.57 818
2024-01-01 $645,250 (2.4%) $1,329,859 (0.0%) 1.58 846
2024-02-01 $633,250 (5.7%) $1,297,565 (-0.6%) 1.52 880
2024-03-01 $645,000 (2.7%) $1,346,637 (-3.0%) 1.52 868
2024-04-01 $647,750 (0.4%) $1,444,540 (2.5%) 1.51 886
2024-05-01 $651,750 (5.6%) $1,414,915 (2.7%) 1.48 884
2024-06-01 $640,000 (4.8%) $1,418,379 (-0.4%) 1.45 942
2024-07-01 $633,500 (5.9%) $1,405,452 (3.7%) 1.45 1,015
2024-08-01 $650,000 (11.4%) $1,399,803 (2.7%) 1.51 1,044
2024-09-01 $654,750 (10.0%) $1,315,641 (-4.0%) 1.54 1,031
2024-10-01 $646,821 (4.3%) $1,326,353 (-4.6%) 1.52 1,029
2024-11-01 $672,500 (4.0%) $1,338,362 (-4.4%) 1.61 1,080
2024-12-01 $699,000 (8.4%) $1,447,631 (2.6%) 1.74 1,086
2025-01-01 $725,000 (12.4%) $1,469,095 (10.5%) 1.81 1,108
2025-02-01 $704,250 (11.2%) $1,476,067 (13.8%) 1.71 1,166
2025-03-01 $699,000 (8.4%) $1,462,625 (8.6%) 0.00 1,204
Hilo's median listing price for 2025-03-01 was $699,000, a difference of $54,000 (8.4%) versus the prior year and $-5,250 versus the prior month.

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

Hilo's average listing price for 2025-03-01 was $1,462,625, a difference of $115,988 (8.6%) versus the prior year and $-13,442 versus the prior month.

For the 2025-03-01 period, Hilo had 1,204 MLS listings, a difference of 38 listings (3%) versus the prior month and 336 listings (39%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Hilo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 91 days 1,565 sqft
2018-02-01 88 days 1,551 sqft
2018-03-01 88 days 1,544 sqft
2018-04-01 87 days 1,557 sqft
2018-05-01 90 days 1,550 sqft
2018-06-01 91 days 1,567 sqft
2018-07-01 94 days 1,577 sqft
2018-08-01 94 days 1,566 sqft
2018-09-01 92 days 1,562 sqft
2018-10-01 93 days 1,545 sqft
2018-11-01 86 days 1,550 sqft
2018-12-01 85 days 1,568 sqft
2019-01-01 83 days 1,568 sqft
2019-02-01 82 days 1,584 sqft
2019-03-01 84 days 1,584 sqft
2019-04-01 86 days 1,584 sqft
2019-05-01 92 days 1,582 sqft
2019-06-01 94 days 1,560 sqft
2019-07-01 96 days 1,554 sqft
2019-08-01 101 days 1,549 sqft
2019-09-01 101 days 1,542 sqft
2019-10-01 101 days 1,539 sqft
2019-11-01 96 days 1,539 sqft
2019-12-01 96 days 1,514 sqft
2020-01-01 96 days 1,508 sqft
2020-02-01 93 days 1,538 sqft
2020-03-01 88 days 1,500 sqft
2020-04-01 90 days 1,458 sqft
2020-05-01 98 days 1,486 sqft
2020-06-01 105 days 1,496 sqft
2020-07-01 105 days 1,529 sqft
2020-08-01 84 days 1,516 sqft
2020-09-01 78 days 1,502 sqft
2020-10-01 78 days 1,506 sqft
2020-11-01 76 days 1,471 sqft
2020-12-01 75 days 1,469 sqft
2021-01-01 81 days 1,486 sqft
2021-02-01 82 days 1,486 sqft
2021-03-01 61 days 1,515 sqft
2021-04-01 52 days 1,476 sqft
2021-05-01 50 days 1,524 sqft
2021-06-01 48 days 1,522 sqft
2021-07-01 52 days 1,492 sqft
2021-08-01 46 days 1,440 sqft
2021-09-01 43 days 1,500 sqft
2021-10-01 47 days 1,440 sqft
2021-11-01 56 days 1,451 sqft
2021-12-01 56 days 1,439 sqft
2022-01-01 53 days 1,455 sqft
2022-02-01 52 days 1,408 sqft
2022-03-01 45 days 1,390 sqft
2022-04-01 46 days 1,419 sqft
2022-05-01 44 days 1,418 sqft
2022-06-01 47 days 1,425 sqft
2022-07-01 48 days 1,461 sqft
2022-08-01 58 days 1,485 sqft
2022-09-01 68 days 1,458 sqft
2022-10-01 71 days 1,456 sqft
2022-11-01 72 days 1,462 sqft
2022-12-01 76 days 1,430 sqft
2023-01-01 82 days 1,456 sqft
2023-02-01 80 days 1,442 sqft
2023-03-01 83 days 1,451 sqft
2023-04-01 78 days 1,464 sqft
2023-05-01 69 days 1,447 sqft
2023-06-01 70 days 1,492 sqft
2023-07-01 67 days 1,440 sqft
2023-08-01 76 days 1,419 sqft
2023-09-01 78 days 1,437 sqft
2023-10-01 71 days 1,506 sqft
2023-11-01 74 days 1,500 sqft
2023-12-01 75 days 1,520 sqft
2024-01-01 77 days 1,492 sqft
2024-02-01 74 days 1,455 sqft
2024-03-01 79 days 1,447 sqft
2024-04-01 78 days 1,460 sqft
2024-05-01 77 days 1,500 sqft
2024-06-01 75 days 1,446 sqft
2024-07-01 79 days 1,441 sqft
2024-08-01 83 days 1,429 sqft
2024-09-01 86 days 1,416 sqft
2024-10-01 86 days 1,388 sqft
2024-11-01 82 days 1,424 sqft
2024-12-01 85 days 1,436 sqft
2025-01-01 88 days 1,446 sqft
2025-02-01 85 days 1,420 sqft
2025-03-01 0 days 1,412 sqft
Hilo'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.

Hilo's median square footage for active listings during the 2025-03-01 period was 1,412 sqft. One year prior, the average listing was 1,447 sqft.

VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.