Urban Honolulu VA Loan Rates, Closing Costs & Stats
URBAN HONOLULU, 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 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
5.51%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Urban Honolulu's average VA mortgage closing costs are $11,929.
The average rate for the prior week (2024-10-04) was
5.58% and
one month ago for the week of 2024-09-06, the
average rate was 5.37%.
The average rate one year ago was 7.24%.
For refis of the same type during the week of 2024-10-11, the average rate
was 4.93%.
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.
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. LouisDate | 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 |
Urban Honolulu's median listing price comes in at 168% of the national average.
Urban Honolulu's average listing price for 2024-09-01 was $1,230,468, a difference of $-148,888 (-10.8%) versus the prior year and $-10,244 versus the prior month.
For the 2024-09-01 period, Urban Honolulu had 2,792 MLS listings, a difference of 52 listings (2%) versus the prior month and 930 listings (50%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - Urban Honolulu (CBSA) retrieved from FRED, Federal Reserve Bank of St. LouisDate | 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 |
Urban Honolulu's median square footage for active listings during the 2024-09-01 period was 1,029 sqft. One year prior, the average listing was 1,131 sqft.