Kahului VA Loan Rates, Closing Costs & Stats

KAHULUI-WAILUKU-LAHAINA, HI

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    • 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.

    Kahului's 24 lenders originated 55 VA loans during 2023. The total origination value was $42,295,000, with an average VA loan value of $769,000.

    Kahului VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Kahului averaged 7.2% for the week of 2024-04-19, compared to the national average (all VA variants) of 6.758% for the same period.

    Kahului's average VA mortgage closing costs are $10,373.

    The average rate for the prior week (2024-04-12) was 6.83% and one month ago for the week of 2024-03-15, the average rate was 6.59%.

    The average rate one year ago was 6.38%.

    For refis of the same type during the week of 2024-04-19, the average rate was 6.26%.

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

    Kahului 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 Kahului level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Mortgage Research Center, LLC 9 5.79% $14,330
    UNITED WHOLESALE MORTGAGE, LLC 7 6.12% $12,554
    GUARANTEED RATE, INC. 5 6.23% $15,893
    AMERICAN PACIFIC MORTGAGE CORPORATION 5 6.15% $26,386
    FREEDOM MORTGAGE CORPORATION 4 5.81% $23,782
    QUICKEN LOANS, LLC 2 6.75% $13,508
    Community First National Bank 2 7.19% $5,817
    LOANDEPOT.COM, LLC 2 5.99% $21,339
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.00% $23,177
    The Federal Savings Bank 2 5.19% $31,061
    HighTechLending Inc 1 7.13% $10,014
    NAVY FEDERAL CREDIT UNION 1 5.38% $4,242
    NEWREZ LLC 1 6.38% $27,239
    PENNYMAC LOAN SERVICES, LLC 1 4.50% $42,852
    USAA Federal Savings Bank 1 7.00% $10,834
    Bank of Hawaii 1 5.75% $12,137
    Barrington Bank & Trust Company, N.A. 1 6.25% $10,896
    Central Pacific Bank 1 6.00% $14,889
    Century Mortgage Company DBA Century Lending Company 1 7.13% $26,522
    Equity Prime Mortgage LLC 1 5.88% $41,099
    First Hawaiian Bank 1 6.25% $17,189
    Flagstar Bank, FSB 1 6.75% $5,955
    Franklin Loan Corporation 1 6.25% $26,222
    GUILD MORTGAGE COMPANY 1 5.63% $10,422

    The top Kahului VA lender as defined by loan originations is Mortgage Research Center, LLC, with 9 VA loans originated. Their average total fees are $14,330, which is $1,775 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Kahului VA lenders (with over 10 loans originated) are .

    The lowest rate Kahului VA lenders (with over 10 loans originated) are .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Kahului (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 $838,225 (5.9%) $1,589,889 (6.4%) 3.11 1,251
    2018-02-01 $830,750 (6.5%) $1,614,233 (9.1%) 3.02 1,242
    2018-03-01 $820,000 (4.5%) $1,633,754 (9.8%) 2.88 1,215
    2018-04-01 $849,125 (9.0%) $1,646,534 (9.8%) 2.88 1,144
    2018-05-01 $849,450 (6.9%) $1,661,746 (6.5%) 2.84 1,068
    2018-06-01 $866,000 (10.2%) $1,635,309 (10.4%) 2.89 1,074
    2018-07-01 $890,250 (12.7%) $1,634,344 (11.3%) 2.97 1,093
    2018-08-01 $895,000 (12.9%) $1,652,596 (8.9%) 3.00 1,087
    2018-09-01 $875,000 (10.1%) $1,588,293 (4.3%) 2.94 1,045
    2018-10-01 $864,500 (9.9%) $1,610,124 (9.2%) 2.93 1,044
    2018-11-01 $887,000 (10.9%) $1,711,463 (14.2%) 3.01 1,047
    2018-12-01 $930,000 (13.8%) $1,763,904 (13.7%) 3.21 1,065
    2019-01-01 $934,950 (11.5%) $1,777,342 (11.8%) 3.23 1,098
    2019-02-01 $957,500 (15.3%) $1,830,675 (13.4%) 3.24 1,091
    2019-03-01 $953,643 (16.3%) $1,943,498 (19.0%) 3.12 1,085
    2019-04-01 $937,118 (10.4%) $2,110,720 (28.2%) 2.98 1,055
    2019-05-01 $939,225 (10.6%) $2,136,396 (28.6%) 2.94 1,018
    2019-06-01 $947,500 (9.4%) $2,160,858 (32.1%) 2.96 968
    2019-07-01 $944,500 (6.1%) $2,233,206 (36.6%) 2.96 947
    2019-08-01 $938,591 (4.9%) $2,148,757 (30.0%) 2.97 918
    2019-09-01 $928,977 (6.2%) $2,034,619 (28.1%) 2.97 880
    2019-10-01 $922,568 (6.7%) $1,914,929 (18.9%) 2.98 892
    2019-11-01 $925,000 (4.3%) $1,835,773 (7.3%) 3.03 976
    2019-12-01 $950,000 (2.2%) $1,897,897 (7.6%) 3.17 975
    2020-01-01 $980,000 (4.8%) $1,935,259 (8.9%) 3.27 959
    2020-02-01 $988,000 (3.2%) $1,935,799 (5.7%) 3.24 946
    2020-03-01 $949,750 (-0.4%) $1,888,181 (-2.9%) 2.98 950
    2020-04-01 $844,000 (-9.9%) $1,687,368 (-20.1%) 2.64 978
    2020-05-01 $825,000 (-12.2%) $1,619,013 (-24.2%) 2.51 981
    2020-06-01 $804,998 (-15.0%) $1,611,101 (-25.4%) 2.37 1,012
    2020-07-01 $797,000 (-15.6%) $1,555,080 (-30.4%) 2.31 1,061
    2020-08-01 $795,000 (-15.3%) $1,544,645 (-28.1%) 2.28 1,076
    2020-09-01 $764,500 (-17.7%) $1,526,339 (-25.0%) 2.19 1,105
    2020-10-01 $788,500 (-14.5%) $1,660,273 (-13.3%) 2.26 1,078
    2020-11-01 $812,000 (-12.2%) $1,714,994 (-6.6%) 2.37 1,064
    2020-12-01 $826,000 (-13.1%) $1,743,554 (-8.1%) 2.46 1,035
    2021-01-01 $838,000 (-14.5%) $1,787,354 (-7.6%) 2.50 922
    2021-02-01 $825,000 (-16.5%) $1,886,639 (-2.5%) 2.40 790
    2021-03-01 $835,000 (-12.1%) $2,045,412 (8.3%) 2.37 658
    2021-04-01 $895,000 (6.0%) $2,241,336 (32.8%) 2.42 530
    2021-05-01 $945,000 (14.6%) $2,384,389 (47.3%) 2.51 463
    2021-06-01 $1,079,750 (34.1%) $2,392,234 (48.5%) 2.80 427
    2021-07-01 $1,150,000 (44.3%) $2,542,773 (63.5%) 3.03 375
    2021-08-01 $1,212,500 (52.5%) $2,685,286 (73.8%) 3.23 336
    2021-09-01 $1,195,000 (56.3%) $2,483,186 (62.7%) 3.19 341
    2021-10-01 $1,195,000 (51.6%) $2,432,895 (46.5%) 3.19 345
    2021-11-01 $1,262,500 (55.5%) $2,431,088 (41.8%) 3.38 316
    2021-12-01 $1,237,250 (49.8%) $2,563,000 (47.0%) 3.35 340
    2022-01-01 $1,276,500 (52.3%) $2,836,188 (58.7%) 3.45 347
    2022-02-01 $1,295,000 (57.0%) $2,835,087 (50.3%) 3.37 360
    2022-03-01 $1,272,500 (52.4%) $2,852,691 (39.5%) 3.19 350
    2022-04-01 $1,299,000 (45.1%) $2,776,294 (23.9%) 3.10 345
    2022-05-01 $1,312,500 (38.9%) $2,464,038 (3.3%) 3.00 376
    2022-06-01 $1,397,000 (29.4%) $2,584,764 (8.1%) 3.11 431
    2022-07-01 $1,375,000 (19.6%) $2,522,679 (-0.8%) 3.10 488
    2022-08-01 $1,324,500 (9.2%) $2,541,472 (-5.4%) 3.06 504
    2022-09-01 $1,424,875 (19.2%) $2,597,748 (4.6%) 3.33 449
    2022-10-01 $1,395,000 (16.7%) $2,505,145 (3.0%) 3.28 426
    2022-11-01 $1,330,000 (5.4%) $2,513,973 (3.4%) 3.20 461
    2022-12-01 $1,315,000 (6.3%) $2,588,488 (1.0%) 3.25 496
    2023-01-01 $1,395,000 (9.3%) $2,724,782 (-3.9%) 3.46 515
    2023-02-01 $1,395,000 (7.7%) $2,725,509 (-3.9%) 3.37 524
    2023-03-01 $1,407,000 (10.6%) $2,837,390 (-0.5%) 3.32 504
    2023-04-01 $1,398,500 (7.7%) $2,830,669 (2.0%) 3.25 495
    2023-05-01 $1,395,000 (6.3%) $2,811,173 (14.1%) 3.16 477
    2023-06-01 $1,395,000 (-0.1%) $2,799,353 (8.3%) 3.13 471
    2023-07-01 $1,395,000 (1.5%) $2,870,005 (13.8%) 3.17 490
    2023-08-01 $1,422,000 (7.4%) $2,890,842 (13.8%) 3.27 445
    2023-09-01 $1,350,000 (-5.3%) $2,647,826 (1.9%) 3.14 436
    2023-10-01 $1,324,500 (-5.1%) $2,467,771 (-1.5%) 3.12 478
    2023-11-01 $1,372,500 (3.2%) $2,521,360 (0.3%) 3.27 519
    2023-12-01 $1,375,000 (4.6%) $2,539,970 (-1.9%) 0.00 616
    2024-01-01 $1,435,000 (2.9%) $2,648,147 (-2.8%) 0.00 635
    2024-02-01 $1,412,500 (1.3%) $2,603,412 (-4.5%) 0.00 678
    2024-03-01 $1,425,000 (1.3%) $2,543,851 (-10.4%) 0.00 749
    Kahului's median listing price for 2024-03-01 was $1,425,000, a difference of $18,000 (1.3%) versus the prior year and $12,500 versus the prior month.

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

    Kahului's average listing price for 2024-03-01 was $2,543,851, a difference of $-293,539 (-10.4%) versus the prior year and $-59,561 versus the prior month.

    For the 2024-03-01 period, Kahului had 749 MLS listings, a difference of 71 listings (10%) versus the prior month and 245 listings (49%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Kahului (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 82 days 1,334 sqft
    2018-02-01 87 days 1,308 sqft
    2018-03-01 88 days 1,313 sqft
    2018-04-01 96 days 1,324 sqft
    2018-05-01 102 days 1,319 sqft
    2018-06-01 107 days 1,313 sqft
    2018-07-01 98 days 1,396 sqft
    2018-08-01 95 days 1,394 sqft
    2018-09-01 103 days 1,389 sqft
    2018-10-01 99 days 1,416 sqft
    2018-11-01 97 days 1,422 sqft
    2018-12-01 80 days 1,467 sqft
    2019-01-01 74 days 1,409 sqft
    2019-02-01 79 days 1,402 sqft
    2019-03-01 84 days 1,394 sqft
    2019-04-01 90 days 1,401 sqft
    2019-05-01 96 days 1,406 sqft
    2019-06-01 100 days 1,369 sqft
    2019-07-01 93 days 1,392 sqft
    2019-08-01 89 days 1,421 sqft
    2019-09-01 88 days 1,463 sqft
    2019-10-01 87 days 1,447 sqft
    2019-11-01 75 days 1,391 sqft
    2019-12-01 79 days 1,387 sqft
    2020-01-01 83 days 1,389 sqft
    2020-02-01 83 days 1,422 sqft
    2020-03-01 86 days 1,385 sqft
    2020-04-01 80 days 1,240 sqft
    2020-05-01 87 days 1,197 sqft
    2020-06-01 92 days 1,144 sqft
    2020-07-01 88 days 1,103 sqft
    2020-08-01 82 days 1,080 sqft
    2020-09-01 75 days 1,036 sqft
    2020-10-01 82 days 1,052 sqft
    2020-11-01 88 days 1,083 sqft
    2020-12-01 102 days 1,092 sqft
    2021-01-01 102 days 1,051 sqft
    2021-02-01 93 days 1,014 sqft
    2021-03-01 85 days 1,023 sqft
    2021-04-01 66 days 1,071 sqft
    2021-05-01 60 days 1,206 sqft
    2021-06-01 53 days 1,373 sqft
    2021-07-01 52 days 1,495 sqft
    2021-08-01 61 days 1,581 sqft
    2021-09-01 47 days 1,562 sqft
    2021-10-01 50 days 1,440 sqft
    2021-11-01 46 days 1,332 sqft
    2021-12-01 41 days 1,515 sqft
    2022-01-01 50 days 1,578 sqft
    2022-02-01 46 days 1,555 sqft
    2022-03-01 46 days 1,580 sqft
    2022-04-01 48 days 1,488 sqft
    2022-05-01 48 days 1,459 sqft
    2022-06-01 47 days 1,457 sqft
    2022-07-01 50 days 1,445 sqft
    2022-08-01 66 days 1,457 sqft
    2022-09-01 77 days 1,518 sqft
    2022-10-01 78 days 1,532 sqft
    2022-11-01 68 days 1,494 sqft
    2022-12-01 64 days 1,465 sqft
    2023-01-01 66 days 1,540 sqft
    2023-02-01 74 days 1,500 sqft
    2023-03-01 79 days 1,470 sqft
    2023-04-01 75 days 1,454 sqft
    2023-05-01 73 days 1,437 sqft
    2023-06-01 72 days 1,442 sqft
    2023-07-01 73 days 1,464 sqft
    2023-08-01 81 days 1,394 sqft
    2023-09-01 74 days 1,347 sqft
    2023-10-01 63 days 1,292 sqft
    2023-11-01 64 days 1,295 sqft
    2023-12-01 0 days 1,188 sqft
    2024-01-01 0 days 1,165 sqft
    2024-02-01 0 days 1,188 sqft
    2024-03-01 0 days 1,178 sqft
    Kahului's median listing age (time on market) for 2024-03-01 was 0 days. This is -100% shorter than the same period one year ago.

    Kahului's median square footage for active listings during the 2024-03-01 period was 1,178 sqft. One year prior, the average listing was 1,470 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.