Urban Honolulu VA Loan Rates, Closing Costs & Stats

URBAN HONOLULU, 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.

    Urban Honolulu's 72 lenders originated 1,853 VA loans during 2023. The total origination value was $1,344,975,000, with an average VA loan value of $725,836.

    Urban Honolulu VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Urban Honolulu averaged 6.14% for the week of 2024-12-13, compared to the national average (all VA variants) of 6.077% for the same period.

    Urban Honolulu's average VA mortgage closing costs are $11,929.

    The average rate for the prior week (2024-12-06) was 5.97% and one month ago for the week of 2024-11-08, the average rate was 6.27%.

    The average rate one year ago was 6.62%.

    For refis of the same type during the week of 2024-12-13, the average rate was 5.05%.

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

    Urban Honolulu 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 Urban Honolulu level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 389 6.01% $18,755
    Mortgage Research Center, LLC 180 6.13% $15,239
    AMERICAN PACIFIC MORTGAGE CORPORATION 140 6.12% $19,065
    LOANDEPOT.COM, LLC 118 6.42% $26,214
    FREEDOM MORTGAGE CORPORATION 113 6.24% $19,761
    DHI MORTGAGE COMPANY, LTD. 105 5.55% $16,136
    QUICKEN LOANS, LLC 89 5.81% $21,006
    GUARANTEED RATE, INC. 66 6.08% $16,106
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 56 6.17% $17,298
    NAVY FEDERAL CREDIT UNION 48 5.83% $13,684
    CROSSCOUNTRY MORTGAGE, LLC 45 6.17% $17,231
    CMG MORTGAGE, INC. 41 6.11% $21,704
    Century Mortgage Company DBA Century Lending Company 35 5.74% $17,864
    LAND HOME FINANCIAL SERVICES, INC. 30 5.75% $29,446
    PENNYMAC LOAN SERVICES, LLC 26 5.80% $20,656
    NEWREZ LLC 23 6.08% $16,579
    Ameris Bank 22 6.08% $19,123
    Plains Commerce Bank 21 5.88% $25,482
    AMERICAN FINANCIAL NETWORK, INC. 21 6.51% $15,366
    ACADEMY MORTGAGE CORPORATION 20 5.96% $18,547
    CARDINAL FINANCIAL 16 6.27% $23,022
    MUTUAL OF OMAHA MORTGAGE, INC. 11 5.81% $15,829
    Central Pacific Bank 10 5.68% $13,932
    HOMEBRIDGE FINANCIAL SERVICES, INC. 9 5.82% $18,194
    GUILD MORTGAGE COMPANY 9 6.19% $29,029
    The Federal Savings Bank 9 5.85% $29,235
    Paramount Residential Mortgage Group, Inc. 9 6.08% $22,390
    PENTAGON FEDERAL CREDIT UNION 8 5.80% $12,650
    PLAZA HOME MORTGAGE, INC. 8 6.30% $37,522
    NEW DAY FINANCIAL, LLC 7 7.82% $18,471
    MOVEMENT MORTGAGE, LLC 6 7.25% $15,687
    Equity Prime Mortgage LLC 5 5.93% $18,805
    American Savings Bank, FSB 5 5.88% $21,975
    V.I.P. MORTGAGE, INC. 5 6.05% $25,930
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.52% $24,886
    DAS Acquisition Company, LLC 4 6.72% $15,510
    USAA Federal Savings Bank 4 5.75% $24,622
    Bank of Hawaii 4 6.13% $19,908
    MANN FINANCIAL INC. 4 5.69% $25,592
    CASTLE & COOKE MORTGAGE, LLC 4 6.22% $18,961
    Mr. Cooper ( Nationstar Mortgage ) 3 5.92% $24,253
    COMPASS HOME LOANS, LLC 3 5.75% $16,458
    CANOPY MORTGAGE, LLC 3 6.63% $30,011
    NFM, INC. 3 7.08% $16,778
    Wells Fargo Bank 2 5.56% $11,939
    AMERISAVE MORTGAGE CORPORATION 2 5.63% $53,242
    Nations Lending Corporation 2 7.00% $24,891
    PLANET HOME LENDING, LLC 2 2.88% $3,464
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.56% $22,492
    SECURITYNATIONAL MORTGAGE COMPANY 2 6.00% $26,300
    JMJ FINANCIAL GROUP 1 5.88% $40,513
    North American Savings Bank, F.S.B. 1 5.25% $38,482
    HighTechLending Inc 1 5.50% $10,406
    HAWAII STATE FEDERAL CREDIT UNION 1 5.63% $14,362
    GUARANTEED RATE AFFINITY, LLC 1 5.68% $14,822
    First Hawaiian Bank 1 5.88% $5,638
    VILLAGE CAPITAL MORTGAGE 1 6.50% $16,119
    First Federal Bank 1 6.38% $5,192
    Presidential Bank, FSB 1 6.25% $9,615
    Barrington Bank & Trust Company, N.A. 1 5.75% $9,024
    First Bank 1 6.88% $4,117
    EVERETT FINANCIAL, INC. 1 6.63% $21,946
    S1L, Inc. 1 5.75% $4,910
    Armed Forces Bank 1 5.75% $25,624
    SUMMIT FUNDING, INC. 1 6.25% $8,387
    Sunflower Bank 1 6.13% $18,521
    CORNERSTONE HOME LENDING, INC. 1 7.25% $12,733
    Community First National Bank 1 5.63% $19,878
    BAY EQUITY LLC 1 6.25% $973
    NBKC BANK 1 5.50% $28,536
    MORTGAGEONE, INC. 1 7.50% $12,457
    MLD MORTGAGE INC. 1 5.25% $6,815

    The top Urban Honolulu VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 389 VA loans originated. Their average total fees are $18,755, which is $3,516 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Urban Honolulu VA lenders (with over 10 loans originated) are NAVY FEDERAL CREDIT UNION ($13,684), Central Pacific Bank ($13,932), Mortgage Research Center, LLC ($15,239), AMERICAN FINANCIAL NETWORK, INC. ($15,366) and MUTUAL OF OMAHA MORTGAGE, INC. ($15,829).

    The lowest rate Urban Honolulu VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.55%), Central Pacific Bank (5.68%), Century Mortgage Company DBA Century Lending Company (5.74%), LAND HOME FINANCIAL SERVICES, INC. (5.75%) and PENNYMAC LOAN SERVICES, LLC (5.80%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Urban Honolulu (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 $699,000 (-4.9%) $1,331,140 (-3.0%) 2.59 2,191
    2018-02-01 $695,000 (-2.6%) $1,301,012 (-4.2%) 2.52 2,259
    2018-03-01 $695,000 (-0.2%) $1,252,690 (-6.3%) 2.44 2,343
    2018-04-01 $694,900 (-1.1%) $1,229,744 (-6.2%) 2.36 2,450
    2018-05-01 $692,000 (-4.3%) $1,221,866 (-7.5%) 2.31 2,499
    2018-06-01 $695,000 (-2.7%) $1,160,573 (-10.3%) 2.32 2,606
    2018-07-01 $692,000 (-1.0%) $1,142,621 (-10.3%) 2.31 2,746
    2018-08-01 $699,000 (0.0%) $1,146,306 (-10.3%) 2.34 2,755
    2018-09-01 $699,000 (0.6%) $1,170,922 (-7.3%) 2.35 2,775
    2018-10-01 $690,000 (-0.3%) $1,154,490 (-7.9%) 2.34 2,819
    2018-11-01 $698,257 (1.0%) $1,145,622 (-9.1%) 2.37 2,919
    2018-12-01 $699,000 (0.0%) $1,157,469 (-11.6%) 2.41 2,910
    2019-01-01 $699,000 (0.0%) $1,152,171 (-13.4%) 2.41 2,963
    2019-02-01 $699,000 (0.6%) $1,131,246 (-13.1%) 2.36 3,081
    2019-03-01 $699,214 (0.6%) $1,146,333 (-8.5%) 2.29 3,079
    2019-04-01 $699,214 (0.6%) $1,164,959 (-5.3%) 2.22 3,031
    2019-05-01 $698,500 (0.9%) $1,155,880 (-5.4%) 2.18 2,998
    2019-06-01 $698,500 (0.5%) $1,150,252 (-0.9%) 2.18 2,996
    2019-07-01 $698,000 (0.9%) $1,152,606 (0.9%) 2.19 3,113
    2019-08-01 $693,091 (-0.9%) $1,158,868 (1.1%) 2.19 3,106
    2019-09-01 $685,727 (-1.9%) $1,162,227 (-0.7%) 2.19 3,115
    2019-10-01 $679,500 (-1.5%) $1,164,467 (0.9%) 2.19 3,115
    2019-11-01 $668,000 (-4.3%) $1,157,569 (1.0%) 2.19 3,032
    2019-12-01 $662,500 (-5.2%) $1,186,499 (2.5%) 2.21 2,863
    2020-01-01 $649,450 (-7.1%) $1,168,819 (1.4%) 2.17 2,726
    2020-02-01 $638,000 (-8.7%) $1,143,925 (1.1%) 2.09 2,780
    2020-03-01 $625,000 (-10.6%) $1,137,009 (-0.8%) 1.96 2,839
    2020-04-01 $604,500 (-13.6%) $1,110,263 (-4.7%) 1.89 2,831
    2020-05-01 $610,000 (-12.7%) $1,087,870 (-5.9%) 1.85 2,827
    2020-06-01 $629,000 (-10.0%) $1,104,349 (-4.0%) 1.85 2,794
    2020-07-01 $621,250 (-11.0%) $1,127,585 (-2.2%) 1.80 2,591
    2020-08-01 $600,000 (-13.4%) $1,136,252 (-2.0%) 1.72 2,579
    2020-09-01 $598,500 (-12.7%) $1,127,838 (-3.0%) 1.71 2,459
    2020-10-01 $595,000 (-12.4%) $1,157,577 (-0.6%) 1.70 2,434
    2020-11-01 $597,500 (-10.6%) $1,173,448 (1.4%) 1.75 2,368
    2020-12-01 $581,750 (-12.2%) $1,190,127 (0.3%) 1.73 2,438
    2021-01-01 $573,250 (-11.7%) $1,221,455 (4.5%) 1.71 2,368
    2021-02-01 $547,500 (-14.2%) $1,237,714 (8.2%) 1.59 1,900
    2021-03-01 $572,500 (-8.4%) $1,266,540 (11.4%) 1.62 1,815
    2021-04-01 $599,000 (-0.9%) $1,295,716 (16.7%) 1.62 1,741
    2021-05-01 $625,000 (2.5%) $1,415,112 (30.1%) 1.66 1,581
    2021-06-01 $675,000 (7.3%) $1,411,373 (27.8%) 1.78 1,571
    2021-07-01 $697,400 (12.3%) $1,424,694 (26.4%) 1.84 1,568
    2021-08-01 $712,500 (18.8%) $1,468,837 (29.3%) 1.90 1,473
    2021-09-01 $719,250 (20.2%) $1,444,997 (28.1%) 1.92 1,514
    2021-10-01 $716,500 (20.4%) $1,384,855 (19.6%) 1.91 1,576
    2021-11-01 $717,500 (20.1%) $1,390,971 (18.5%) 1.92 1,571
    2021-12-01 $696,500 (19.7%) $1,401,938 (17.8%) 1.89 1,489
    2022-01-01 $695,000 (21.2%) $1,395,284 (14.2%) 1.88 1,391
    2022-02-01 $696,750 (27.3%) $1,351,223 (9.2%) 1.81 1,429
    2022-03-01 $726,750 (26.9%) $1,376,135 (8.7%) 1.82 1,367
    2022-04-01 $775,000 (29.4%) $1,405,561 (8.5%) 1.85 1,372
    2022-05-01 $809,000 (29.4%) $1,425,422 (0.7%) 1.85 1,471
    2022-06-01 $841,750 (24.7%) $1,414,040 (0.2%) 1.87 1,529
    2022-07-01 $850,000 (21.9%) $1,408,410 (-1.1%) 1.91 1,687
    2022-08-01 $850,000 (19.3%) $1,395,229 (-5.0%) 1.96 1,755
    2022-09-01 $838,250 (16.6%) $1,382,291 (-4.3%) 1.96 1,779
    2022-10-01 $830,000 (15.8%) $1,330,863 (-3.9%) 1.95 1,935
    2022-11-01 $819,750 (14.3%) $1,316,224 (-5.4%) 1.97 2,040
    2022-12-01 $819,500 (17.7%) $1,328,757 (-5.2%) 2.02 2,043
    2023-01-01 $813,500 (17.1%) $1,334,268 (-4.4%) 2.02 2,128
    2023-02-01 $781,250 (12.1%) $1,253,202 (-7.3%) 1.89 2,451
    2023-03-01 $789,222 (8.6%) $1,233,520 (-10.4%) 1.86 2,512
    2023-04-01 $799,900 (3.2%) $1,371,056 (-2.5%) 1.86 1,805
    2023-05-01 $811,500 (0.3%) $1,362,620 (-4.4%) 1.84 1,777
    2023-06-01 $824,018 (-2.1%) $1,393,489 (-1.5%) 1.85 1,811
    2023-07-01 $827,000 (-2.7%) $1,391,699 (-1.2%) 1.88 1,840
    2023-08-01 $822,500 (-3.2%) $1,379,907 (-1.1%) 1.89 1,858
    2023-09-01 $820,000 (-2.2%) $1,379,356 (-0.2%) 1.91 1,862
    2023-10-01 $798,750 (-3.8%) $1,361,328 (2.3%) 1.88 1,970
    2023-11-01 $799,000 (-2.5%) $1,354,828 (2.9%) 1.90 2,077
    2023-12-01 $795,500 (-2.9%) $1,392,029 (4.8%) 1.94 2,107
    2024-01-01 $789,500 (-3.0%) $1,378,053 (3.3%) 1.93 2,054
    2024-02-01 $789,750 (1.1%) $1,367,011 (9.1%) 1.90 2,074
    2024-03-01 $750,000 (-5.0%) $1,327,164 (7.6%) 1.77 2,197
    2024-04-01 $744,000 (-7.0%) $1,322,934 (-3.5%) 1.73 2,243
    2024-05-01 $727,000 (-10.4%) $1,316,710 (-3.4%) 1.64 2,359
    2024-06-01 $725,000 (-12.0%) $1,295,373 (-7.0%) 1.63 2,441
    2024-07-01 $731,500 (-11.6%) $1,241,413 (-10.8%) 1.67 2,638
    2024-08-01 $725,000 (-11.9%) $1,240,712 (-10.1%) 1.69 2,740
    2024-09-01 $712,500 (-13.1%) $1,230,468 (-10.8%) 1.68 2,792
    2024-10-01 $707,375 (-11.4%) $1,225,726 (-10.0%) 1.66 2,805
    2024-11-01 $699,000 (-12.5%) $1,215,029 (-10.3%) 1.68 2,933
    Urban Honolulu's median listing price for 2024-11-01 was $699,000, a difference of $-100,000 (-12.5%) versus the prior year and $-8,375 versus the prior month.

    Urban Honolulu's median listing price comes in at 168% of the national average.

    Urban Honolulu's average listing price for 2024-11-01 was $1,215,029, a difference of $-139,799 (-10.3%) versus the prior year and $-10,697 versus the prior month.

    For the 2024-11-01 period, Urban Honolulu had 2,933 MLS listings, a difference of 128 listings (5%) versus the prior month and 856 listings (41%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Urban Honolulu (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 66 days 1,253 sqft
    2018-02-01 52 days 1,250 sqft
    2018-03-01 50 days 1,244 sqft
    2018-04-01 51 days 1,263 sqft
    2018-05-01 53 days 1,263 sqft
    2018-06-01 54 days 1,269 sqft
    2018-07-01 54 days 1,273 sqft
    2018-08-01 56 days 1,294 sqft
    2018-09-01 60 days 1,278 sqft
    2018-10-01 64 days 1,265 sqft
    2018-11-01 63 days 1,271 sqft
    2018-12-01 68 days 1,248 sqft
    2019-01-01 65 days 1,228 sqft
    2019-02-01 59 days 1,212 sqft
    2019-03-01 55 days 1,224 sqft
    2019-04-01 57 days 1,238 sqft
    2019-05-01 56 days 1,252 sqft
    2019-06-01 56 days 1,244 sqft
    2019-07-01 54 days 1,228 sqft
    2019-08-01 57 days 1,214 sqft
    2019-09-01 61 days 1,193 sqft
    2019-10-01 64 days 1,176 sqft
    2019-11-01 66 days 1,149 sqft
    2019-12-01 74 days 1,144 sqft
    2020-01-01 76 days 1,115 sqft
    2020-02-01 69 days 1,107 sqft
    2020-03-01 61 days 1,098 sqft
    2020-04-01 71 days 1,058 sqft
    2020-05-01 82 days 1,040 sqft
    2020-06-01 91 days 1,030 sqft
    2020-07-01 83 days 1,002 sqft
    2020-08-01 75 days 985 sqft
    2020-09-01 73 days 959 sqft
    2020-10-01 74 days 977 sqft
    2020-11-01 77 days 963 sqft
    2020-12-01 85 days 957 sqft
    2021-01-01 101 days 934 sqft
    2021-02-01 73 days 892 sqft
    2021-03-01 60 days 899 sqft
    2021-04-01 59 days 932 sqft
    2021-05-01 53 days 984 sqft
    2021-06-01 45 days 1,017 sqft
    2021-07-01 44 days 1,047 sqft
    2021-08-01 46 days 1,048 sqft
    2021-09-01 43 days 1,046 sqft
    2021-10-01 41 days 1,032 sqft
    2021-11-01 44 days 1,000 sqft
    2021-12-01 52 days 952 sqft
    2022-01-01 58 days 927 sqft
    2022-02-01 45 days 938 sqft
    2022-03-01 44 days 976 sqft
    2022-04-01 42 days 1,040 sqft
    2022-05-01 36 days 1,078 sqft
    2022-06-01 39 days 1,134 sqft
    2022-07-01 41 days 1,158 sqft
    2022-08-01 46 days 1,168 sqft
    2022-09-01 49 days 1,136 sqft
    2022-10-01 50 days 1,140 sqft
    2022-11-01 53 days 1,141 sqft
    2022-12-01 64 days 1,131 sqft
    2023-01-01 68 days 1,130 sqft
    2023-02-01 64 days 1,123 sqft
    2023-03-01 60 days 1,113 sqft
    2023-04-01 64 days 1,082 sqft
    2023-05-01 59 days 1,104 sqft
    2023-06-01 58 days 1,120 sqft
    2023-07-01 59 days 1,130 sqft
    2023-08-01 61 days 1,117 sqft
    2023-09-01 58 days 1,131 sqft
    2023-10-01 54 days 1,123 sqft
    2023-11-01 56 days 1,107 sqft
    2023-12-01 62 days 1,077 sqft
    2024-01-01 72 days 1,081 sqft
    2024-02-01 68 days 1,067 sqft
    2024-03-01 60 days 1,045 sqft
    2024-04-01 58 days 1,041 sqft
    2024-05-01 54 days 1,023 sqft
    2024-06-01 57 days 1,016 sqft
    2024-07-01 61 days 1,027 sqft
    2024-08-01 63 days 1,031 sqft
    2024-09-01 66 days 1,029 sqft
    2024-10-01 68 days 1,022 sqft
    2024-11-01 71 days 1,023 sqft
    Urban Honolulu's median listing age (time on market) for 2024-11-01 was 71 days. This is 27% longer than the same period one year ago.

    Urban Honolulu's median square footage for active listings during the 2024-11-01 period was 1,023 sqft. One year prior, the average listing was 1,107 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.