Hawaii FHA Loan Rates, Closing Costs & Stats

Hawaii

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Hawaii FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Hawaii averaged 6.28% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Hawaii's average FHA mortgage closing costs are $15,587.

    The average rate for the prior week (2025-03-28) was 6.28% and one month ago for the week of 2025-02-28, the average rate was 6.67%.

    The average rate one year ago was 6.79%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6%.

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

    Hawaii FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Hawaii level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FREEDOM MORTGAGE CORPORATION 79 5.99% $19,292
    UNITED WHOLESALE MORTGAGE, LLC 58 6.03% $19,275
    GUILD MORTGAGE COMPANY 41 6.32% $21,530
    CMG MORTGAGE, INC. 32 6.17% $21,357
    SECURITYNATIONAL MORTGAGE COMPANY 32 6.58% $31,690
    QUICKEN LOANS, LLC 31 6.16% $16,891
    LOANDEPOT.COM, LLC 27 6.08% $26,752
    V.I.P. MORTGAGE, INC. 25 6.28% $19,928
    GUARANTEED RATE, INC. 23 6.28% $21,015
    PLAZA HOME MORTGAGE, INC. 16 6.37% $22,680
    NFM, INC. 15 6.75% $18,197
    Century Mortgage Company DBA Century Lending Company 13 6.29% $19,231
    Plains Commerce Bank 13 5.93% $19,475
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.22% $19,194
    HighTechLending Inc 9 6.17% $25,783
    CROSSCOUNTRY MORTGAGE, LLC 9 6.57% $21,329
    HomeStreet Bank 8 5.92% $18,753
    AMERISAVE MORTGAGE CORPORATION 8 6.23% $24,729
    Carrington Mortgage Services, LLC 8 6.34% $22,571
    Paramount Residential Mortgage Group, Inc. 8 6.39% $21,298
    NEWREZ LLC 8 6.13% $16,354
    PENNYMAC LOAN SERVICES, LLC 7 5.89% $19,867
    Bank of Hawaii 7 5.88% $14,838
    Mr. Cooper ( Nationstar Mortgage ) 7 6.38% $13,446
    AMERICAN PACIFIC MORTGAGE CORPORATION 7 6.80% $17,792
    DAS Acquisition Company, LLC 6 6.60% $21,336
    SUN WEST MORTGAGE COMPANY, INC. 5 5.87% $32,063
    CANOPY MORTGAGE, LLC 5 6.38% $18,861
    ALAMEDA MORTGAGE CORPORATION 4 6.31% $24,797
    AMERICAN FINANCIAL NETWORK, INC. 4 6.59% $18,724
    HOMEBRIDGE FINANCIAL SERVICES, INC. 4 6.12% $11,609
    MLD MORTGAGE INC. 4 5.75% $34,365
    Pacific Lending LLC 4 6.09% $19,285
    MUTUAL OF OMAHA MORTGAGE, INC. 3 6.17% $36,223
    Ameris Bank 3 6.00% $16,911
    MID AMERICA MORTGAGE, INC. 3 6.63% $7,146
    The Federal Savings Bank 2 6.31% $22,859
    The Loan Store, Inc. 2 5.87% $19,421
    American Savings Bank, FSB 2 6.56% $10,725
    Home Mortgage Alliance Corp 2 7.81% $16,673
    VILLAGE CAPITAL MORTGAGE 2 6.62% $8,742
    Mortgage Research Center, LLC 2 5.94% $19,997
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 6.44% $23,914
    ZILLOW HOME LOANS, LLC 2 6.38% $14,269
    OCMBC, INC. 2 6.44% $12,329
    Nations Lending Corporation 2 7.00% $8,345
    LAND HOME FINANCIAL SERVICES, INC. 2 5.37% $36,209
    AMERICAN FINANCING CORPORATION 1 6.00% $44,482
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.13% $15,704
    PANORAMA MORTGAGE GROUP, LLC 1 5.00% $32,816
    Paramount Bank 1 5.75% $16,974
    GENEVA FINANCIAL, LLC 1 6.50% $17,116
    Flagstar Bank, FSB 1 5.42% $22,314
    CASTLE & COOKE MORTGAGE, LLC 1 6.75% $22,072
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.25% $28,735
    CARDINAL FINANCIAL 1 6.75% $67,482
    BAY EQUITY LLC 1 5.63% $18,286
    The Central Trust Bank 1 5.99% $15,647
    U.S. Bank 1 6.63% $12,596

    The top Hawaii FHA lender as defined by loan originations is FREEDOM MORTGAGE CORPORATION, with 79 FHA loans originated. Their average total fees are $19,292, which is $17 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Hawaii FHA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC ($16,891), NFM, INC. ($18,197), Century Mortgage Company DBA Century Lending Company ($19,231), UNITED WHOLESALE MORTGAGE, LLC ($19,275) and FREEDOM MORTGAGE CORPORATION ($19,292).

    The lowest rate Hawaii FHA lenders (with over 10 loans originated) are Plains Commerce Bank (5.93%), FREEDOM MORTGAGE CORPORATION (5.99%), UNITED WHOLESALE MORTGAGE, LLC (6.03%), LOANDEPOT.COM, LLC (6.08%) and QUICKEN LOANS, LLC (6.16%).

    Hawaii FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    HILO, HI HAWAII 2022 $477,250 $610,950 $738,500 $917,800
    URBAN HONOLULU, HI HONOLULU 2022 $747,500 $956,950 $1,156,700 $1,437,500
    NON-METRO KALAWAO 2022 $828,000 $1,060,000 $1,281,300 $1,592,350
    KAPAA, HI KAUAI 2022 $845,250 $1,082,100 $1,308,000 $1,625,500
    KAHULUI-WAILUKU-LAHAINA, HI MAUI 2022 $828,000 $1,060,000 $1,281,300 $1,592,350
    HILO, HI HAWAII 2023 $517,500 $662,500 $800,800 $995,200
    URBAN HONOLULU, HI HONOLULU 2023 $770,500 $986,400 $1,192,300 $1,481,750
    NON-METRO KALAWAO 2023 $977,500 $1,251,400 $1,512,650 $1,879,850
    KAPAA, HI KAUAI 2023 $977,500 $1,251,400 $1,512,650 $1,879,850
    KAHULUI-WAILUKU-LAHAINA, HI MAUI 2023 $977,500 $1,251,400 $1,512,650 $1,879,850

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).