Hawaii USDA Loan Rates, Closing Costs & Stats

Hawaii

USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

Hawaii USDA Loans, 30 Year Fixed Rates

30 Year USDA mortgages in Hawaii averaged 6.04% for the week of 2024-10-11, compared to the national average (all USDA variants) of 6.08% for the same period.

Hawaii's average USDA mortgage closing costs are $8,279.

The average rate for the prior week (2024-10-04) was 5.83% and one month ago for the week of 2024-09-06, the average rate was 5.82%.

The average rate one year ago was 6.91%.

For refis of the same type during the week of 2024-10-11, the average rate was 4.86%.

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

Hawaii USDA Loan Lenders by Rates & Fees

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

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
V.I.P. MORTGAGE, INC. 12 5.99% $12,509
UNITED WHOLESALE MORTGAGE, LLC 8 5.56% $11,585
NEWREZ LLC 4 6.38% $10,210
CMG MORTGAGE, INC. 4 6.56% $16,228
GUILD MORTGAGE COMPANY 3 6.54% $10,672
AMERICAN PACIFIC MORTGAGE CORPORATION 3 5.96% $9,200
SECURITYNATIONAL MORTGAGE COMPANY 3 6.83% $13,590
PLAZA HOME MORTGAGE, INC. 2 5.56% $16,614
Nations Lending Corporation 1 6.63% $7,142
CROSSCOUNTRY MORTGAGE, LLC 1 6.50% $9,607
HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.00% $13,288
LAND HOME FINANCIAL SERVICES, INC. 1 7.25% $10,996
ACADEMY MORTGAGE CORPORATION 1 5.25% $15,423
OCMBC, INC. 1 6.25% $13,078
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 5.63% $19,778

The top Hawaii USDA lender as defined by loan originations is V.I.P. MORTGAGE, INC., with 12 USDA loans originated. Their average total fees are $12,509, which is $924 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Hawaii USDA lenders (with over 10 loans originated) are V.I.P. MORTGAGE, INC. ($12,509), .

The lowest rate Hawaii USDA lenders (with over 10 loans originated) are V.I.P. MORTGAGE, INC. (5.99%), .