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%.

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 and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Kahului level.

Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Total Fees
FREEDOM MORTGAGE CORPORATION 62 2.38% $8,764
QUICKEN LOANS, LLC 29 2.43% $9,298
GUARANTEED RATE, INC. 22 2.41% $6,500
LOANDEPOT.COM, LLC 17 2.40% $10,458
The Federal Savings Bank 15 2.43% $9,913
Mortgage Research Center, LLC 15 2.51% $15,135
AMERICAN PACIFIC MORTGAGE CORPORATION 15 2.51% $11,840
PENNYMAC LOAN SERVICES, LLC 12 2.26% $10,670
CLEARPATH LENDING 9 2.28% $4,758
UNITED WHOLESALE MORTGAGE, LLC 9 2.39% $7,837
CALIBER HOME LOANS, INC. 9 2.47% $5,380
Wells Fargo Bank 8 2.44% $7,885
American Savings Bank, FSB 8 2.38% $7,999
HOME POINT FINANCIAL CORPORATION 8 2.41% $20,565
HOMEBRIDGE FINANCIAL SERVICES, INC. 7 2.46% $9,533
LAND HOME FINANCIAL SERVICES, INC. 7 2.84% $8,045
North American Savings Bank, F.S.B. 6 2.25% $2,275
NAVY FEDERAL CREDIT UNION 6 2.63% $7,567
MLD MORTGAGE INC. 5 2.55% $15,964
Bank of Hawaii 5 2.65% $10,474
NBKC BANK 5 2.58% $9,974
NEWREZ LLC 4 2.38% $14,781
HighTechLending Inc 3 2.71% $14,756
Central Pacific Bank 3 2.25% $14,336
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 3 2.79% $15,425
American Mortgage and Insurance Inc. 3 2.75% $6,966
SUN WEST MORTGAGE COMPANY, INC. 3 2.25% $7,216
Mr. Cooper ( Nationstar Mortgage ) 3 2.58% $6,225
MOVEMENT MORTGAGE, LLC 3 2.83% $13,970
Low VA Rates, LLC 2 2.25% $9,915
First Federal Bank 2 2.75% $18,684
MANN FINANCIAL INC. 2 2.38% $14,935
LENDUS, LLC 2 2.25% $3,611
PLANET HOME LENDING, LLC 2 2.50% $15,741
PLAZA HOME MORTGAGE, INC. 1 2.99% $13,714
Ameris Bank 1 2.25% $3,498
AXIA FINANCIAL, LLC 1 2.88% $8,416
Barrington Bank & Trust Company, N.A. 1 3.25% $2,453
CITYWIDE HOME LOANS, LLC 1 2.25% $3,502
COMPASS HOME LOANS, LLC 1 2.25% $5,741
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $28,398
FINANCE OF AMERICA MORTGAGE LLC 1 2.63% $4,290
First Hawaiian Bank 1 2.38% $8,840
GENEVA FINANCIAL, LLC 1 2.25% $7,062
GUILD MORTGAGE COMPANY 1 2.50% $8,674
HomeStreet Bank 1 2.63% $4,370
Magnolia Bank 1 2.25% $6,872
MID AMERICA MORTGAGE, INC. 1 2.50% $5,468
MUTUAL OF OMAHA MORTGAGE, INC. 1 2.25% $2,535
NBH Bank 1 2.50% $5,976
NEW DAY FINANCIAL, LLC 1 2.75% $13,438
PENTAGON FEDERAL CREDIT UNION 1 2.38% $24,249
Plains Commerce Bank 1 2.25% $8,535
AMERICAN FINANCIAL NETWORK, INC. 1 2.50% $5,547
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 2.75% $3,434
ROUNDPOINT MORTGAGE SERVICING CORPORATION 1 2.75% $12,150

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. Louis
Date 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 for 2022-04-01 was $1,285,000, a difference of $390,000 (43.6%) versus the prior year and $87,500 versus the prior month.

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. Louis
Date 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 listing age (time on market) for 2022-04-01 was 53 days. This is -39% shorter than the same period one year ago.

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.

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.