Kahului VA Loans

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 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.