Kahului VA Loans
KAHULUI-WAILUKU-LAHAINA, 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 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.
Kahului's 56 lenders originated 381 VA loans during 2021. The total origination value was $218,285,000, with an average VA loan value of $572,927.
Kahului VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Kahului
averaged
5.56%
for the week of 2022-05-13, compared to the national average (all VA variants) of
5.158% for the same period.
The average rate for the prior week (2022-05-06) was
5.39% and
one month ago for the week of 2022-04-08, the
average rate was 5.22%.
The average rate one year ago was 3.13%.
For refis of the same type during the week of 2022-05-13, the average rate
was 5.33%.
Kahului VA Loan Lenders by Rates & Fees
The below table looks at the average fees and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kahului level.
The top Kahului VA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with
62 VA loans originated. Their average total fees are
$8,764, which is $535
lower than the next largest lender,
QUICKEN LOANS, LLC.
The lowest fee Kahului VA lenders (with over 10 loans originated) are
GUARANTEED RATE, INC. ($6,500), FREEDOM MORTGAGE CORPORATION ($8,764), QUICKEN LOANS, LLC ($9,298), The Federal Savings Bank ($9,913) and LOANDEPOT.COM, LLC ($10,458).
The lowest rate Kahului VA lenders (with over 10 loans originated) are
PENNYMAC LOAN SERVICES, LLC (2.26%), FREEDOM MORTGAGE CORPORATION (2.38%), LOANDEPOT.COM, LLC (2.40%), GUARANTEED RATE, INC. (2.41%) and QUICKEN LOANS, LLC (2.43%).
Market Conditions (Median, Average Prices & Listing Count)
Realtor.com - Kahului (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
---|---|---|---|---|
2018-01-01 | $832,000 (6.7%) | $1,600,859 (7.7%) | 3.06 | 1,273 |
2018-02-01 | $825,000 (5.8%) | $1,621,001 (9.9%) | 2.98 | 1,265 |
2018-03-01 | $799,000 (2.6%) | $1,644,841 (10.8%) | 2.76 | 1,239 |
2018-04-01 | $829,500 (6.5%) | $1,644,115 (9.7%) | 2.78 | 1,167 |
2018-05-01 | $844,000 (6.5%) | $1,664,173 (6.6%) | 2.81 | 1,089 |
2018-06-01 | $859,000 (10.6%) | $1,658,487 (11.8%) | 2.86 | 1,095 |
2018-07-01 | $875,000 (10.9%) | $1,649,599 (12.0%) | 2.92 | 1,118 |
2018-08-01 | $887,450 (12.1%) | $1,659,878 (7.8%) | 2.97 | 1,111 |
2018-09-01 | $850,000 (6.9%) | $1,574,446 (1.9%) | 2.84 | 1,069 |
2018-10-01 | $850,000 (8.4%) | $1,600,810 (6.4%) | 2.84 | 1,070 |
2018-11-01 | $878,500 (10.0%) | $1,689,703 (10.7%) | 2.95 | 1,079 |
2018-12-01 | $927,500 (13.1%) | $1,756,020 (11.0%) | 3.18 | 1,099 |
2019-01-01 | $929,500 (11.7%) | $1,772,017 (10.7%) | 3.21 | 1,125 |
2019-02-01 | $955,000 (15.8%) | $1,826,158 (12.7%) | 3.20 | 1,113 |
2019-03-01 | $962,243 (20.4%) | $1,959,381 (19.1%) | 3.14 | 1,107 |
2019-04-01 | $947,243 (14.2%) | $2,132,747 (29.7%) | 2.98 | 1,076 |
2019-05-01 | $944,500 (11.9%) | $2,142,334 (28.7%) | 2.91 | 1,043 |
2019-06-01 | $950,000 (10.6%) | $2,156,756 (30.0%) | 2.92 | 993 |
2019-07-01 | $944,450 (7.9%) | $2,235,543 (35.5%) | 2.94 | 959 |
2019-08-01 | $954,943 (7.6%) | $2,126,695 (28.1%) | 3.01 | 933 |
2019-09-01 | $972,493 (14.4%) | $1,990,040 (26.4%) | 3.09 | 907 |
2019-10-01 | $935,000 (10.0%) | $1,893,827 (18.3%) | 2.98 | 940 |
2019-11-01 | $929,000 (5.8%) | $1,855,229 (9.8%) | 3.00 | 987 |
2019-12-01 | $955,000 (3.0%) | $1,912,888 (8.9%) | 3.18 | 987 |
2020-01-01 | $987,000 (6.2%) | $1,952,177 (10.2%) | 3.29 | 971 |
2020-02-01 | $995,000 (4.2%) | $1,953,458 (7.0%) | 3.21 | 961 |
2020-03-01 | $963,500 (0.1%) | $1,893,053 (-3.4%) | 3.01 | 966 |
2020-04-01 | $849,450 (-10.3%) | $1,694,763 (-20.5%) | 2.65 | 1,003 |
2020-05-01 | $825,000 (-12.7%) | $1,627,036 (-24.1%) | 2.50 | 1,004 |
2020-06-01 | $810,738 (-14.7%) | $1,624,873 (-24.7%) | 2.37 | 1,041 |
2020-07-01 | $797,000 (-15.6%) | $1,574,318 (-29.6%) | 2.28 | 1,083 |
2020-08-01 | $799,000 (-16.3%) | $1,572,978 (-26.0%) | 2.28 | 1,105 |
2020-09-01 | $765,000 (-21.3%) | $1,558,151 (-21.7%) | 2.19 | 1,130 |
2020-10-01 | $795,000 (-15.0%) | $1,688,690 (-10.8%) | 2.27 | 1,099 |
2020-11-01 | $812,000 (-12.6%) | $1,727,926 (-6.9%) | 2.33 | 1,078 |
2020-12-01 | $833,500 (-12.7%) | $1,740,822 (-9.0%) | 2.44 | 1,052 |
2021-01-01 | $845,000 (-14.4%) | $1,789,120 (-8.4%) | 2.49 | 928 |
2021-02-01 | $828,500 (-16.7%) | $1,879,976 (-3.8%) | 2.38 | 801 |
2021-03-01 | $835,000 (-13.3%) | $2,019,541 (6.7%) | 2.34 | 666 |
2021-04-01 | $895,000 (5.4%) | $2,210,228 (30.4%) | 2.41 | 540 |
2021-05-01 | $945,000 (14.6%) | $2,364,381 (45.3%) | 2.49 | 467 |
2021-06-01 | $1,072,500 (32.3%) | $2,381,078 (46.5%) | 2.79 | 429 |
2021-07-01 | $1,149,500 (44.2%) | $2,503,123 (59.0%) | 2.99 | 393 |
2021-08-01 | $1,175,000 (47.1%) | $2,505,176 (59.3%) | 3.09 | 363 |
2021-09-01 | $1,149,000 (50.2%) | $2,343,130 (50.4%) | 3.02 | 364 |
2021-10-01 | $1,185,000 (49.1%) | $2,295,821 (36.0%) | 3.12 | 363 |
2021-11-01 | $1,265,000 (55.8%) | $2,434,024 (40.9%) | 3.33 | 318 |
2021-12-01 | $1,197,000 (43.6%) | $2,413,643 (38.7%) | 3.19 | 361 |
2022-01-01 | $1,240,000 (46.8%) | $2,669,328 (49.2%) | 3.31 | 372 |
2022-02-01 | $1,257,500 (51.8%) | $2,696,401 (43.4%) | 3.20 | 379 |
2022-03-01 | $1,197,500 (43.4%) | $2,664,632 (31.9%) | 2.96 | 377 |
2022-04-01 | $1,285,000 (43.6%) | $2,617,814 (18.4%) | 3.02 | 376 |
Kahului's median listing price comes in at 302% of the national average.
Kahului's average listing price for 2022-04-01 was $2,617,814, a difference of $407,586 (18.4%) versus the prior year and $-46,818 versus the prior month.
For the 2022-04-01 period, Kahului had 376 MLS listings, a difference of -1 listings (0%) versus the prior month and -164 listings (-30%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Kahului (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | Median Listing Time on Market | Median Square Footage |
---|---|---|
2018-01-01 | 97 days | 1,334 sqft |
2018-02-01 | 99 days | 1,306 sqft |
2018-03-01 | 102 days | 1,298 sqft |
2018-04-01 | 114 days | 1,319 sqft |
2018-05-01 | 119 days | 1,322 sqft |
2018-06-01 | 123 days | 1,313 sqft |
2018-07-01 | 126 days | 1,391 sqft |
2018-08-01 | 116 days | 1,394 sqft |
2018-09-01 | 119 days | 1,388 sqft |
2018-10-01 | 116 days | 1,420 sqft |
2018-11-01 | 112 days | 1,430 sqft |
2018-12-01 | 93 days | 1,483 sqft |
2019-01-01 | 87 days | 1,429 sqft |
2019-02-01 | 88 days | 1,409 sqft |
2019-03-01 | 94 days | 1,416 sqft |
2019-04-01 | 104 days | 1,428 sqft |
2019-05-01 | 106 days | 1,422 sqft |
2019-06-01 | 111 days | 1,389 sqft |
2019-07-01 | 109 days | 1,400 sqft |
2019-08-01 | 107 days | 1,405 sqft |
2019-09-01 | 110 days | 1,420 sqft |
2019-10-01 | 102 days | 1,424 sqft |
2019-11-01 | 94 days | 1,395 sqft |
2019-12-01 | 86 days | 1,404 sqft |
2020-01-01 | 94 days | 1,395 sqft |
2020-02-01 | 93 days | 1,428 sqft |
2020-03-01 | 96 days | 1,404 sqft |
2020-04-01 | 88 days | 1,254 sqft |
2020-05-01 | 95 days | 1,238 sqft |
2020-06-01 | 98 days | 1,163 sqft |
2020-07-01 | 103 days | 1,105 sqft |
2020-08-01 | 91 days | 1,094 sqft |
2020-09-01 | 80 days | 1,036 sqft |
2020-10-01 | 91 days | 1,052 sqft |
2020-11-01 | 94 days | 1,087 sqft |
2020-12-01 | 109 days | 1,097 sqft |
2021-01-01 | 115 days | 1,052 sqft |
2021-02-01 | 108 days | 1,020 sqft |
2021-03-01 | 104 days | 1,024 sqft |
2021-04-01 | 87 days | 1,090 sqft |
2021-05-01 | 70 days | 1,230 sqft |
2021-06-01 | 64 days | 1,396 sqft |
2021-07-01 | 59 days | 1,466 sqft |
2021-08-01 | 67 days | 1,553 sqft |
2021-09-01 | 60 days | 1,533 sqft |
2021-10-01 | 58 days | 1,473 sqft |
2021-11-01 | 54 days | 1,405 sqft |
2021-12-01 | 33 days | 1,537 sqft |
2022-01-01 | 45 days | 1,650 sqft |
2022-02-01 | 57 days | 1,640 sqft |
2022-03-01 | 54 days | 1,663 sqft |
2022-04-01 | 53 days | 1,540 sqft |
Kahului's median square footage for active listings during the 2022-04-01 period was 1,540 sqft. One year prior, the average listing was 1,090 sqft.