Hawaii VA Loan Rates, Closing Costs & Stats

Hawaii

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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.

    Hawaii VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Hawaii averaged 6.88% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Hawaii's average VA mortgage closing costs are $11,827.

    The average rate for the prior week (2025-05-16) was 6.86% and one month ago for the week of 2025-04-18, the average rate was 6.73%.

    The average rate one year ago was 6.75%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.6%.

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

    Hawaii 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 Hawaii level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 549 5.83% $12,699
    FREEDOM MORTGAGE CORPORATION 410 5.97% $17,616
    Mortgage Research Center, LLC 269 6.03% $12,603
    QUICKEN LOANS, LLC 167 5.72% $15,194
    CMG MORTGAGE, INC. 124 6.03% $18,396
    GUARANTEED RATE, INC. 107 5.99% $13,262
    DHI MORTGAGE COMPANY, LTD. 98 5.23% $15,696
    LOANDEPOT.COM, LLC 67 5.67% $19,892
    NEWREZ LLC 64 6.03% $15,738
    PENNYMAC LOAN SERVICES, LLC 57 5.66% $19,384
    NAVY FEDERAL CREDIT UNION 49 5.84% $9,931
    CROSSCOUNTRY MORTGAGE, LLC 44 6.10% $13,756
    GUILD MORTGAGE COMPANY 39 6.21% $19,553
    CANOPY MORTGAGE, LLC 34 6.17% $20,802
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 31 6.19% $19,388
    LAND HOME FINANCIAL SERVICES, INC. 31 5.91% $21,702
    Century Mortgage Company DBA Century Lending Company 26 5.82% $21,429
    Ameris Bank 24 5.76% $16,476
    American Savings Bank, FSB 23 5.76% $17,422
    V.I.P. MORTGAGE, INC. 20 6.12% $16,192
    The Federal Savings Bank 20 5.82% $34,004
    Paramount Residential Mortgage Group, Inc. 19 6.13% $21,502
    AMERICAN PACIFIC MORTGAGE CORPORATION 18 6.36% $12,329
    VILLAGE CAPITAL MORTGAGE 17 5.72% $11,506
    The Loan Store, Inc. 15 5.72% $14,595
    AMERICAN FINANCIAL NETWORK, INC. 15 6.03% $12,113
    USAA Federal Savings Bank 13 6.51% $14,536
    NFM, INC. 12 6.44% $19,370
    CITY FIRST MORTGAGE SERVICES, L.L.C. 11 6.45% $9,809
    PLAZA HOME MORTGAGE, INC. 9 6.15% $23,839
    CARDINAL FINANCIAL 9 6.28% $23,318
    Plains Commerce Bank 9 5.71% $22,108
    PENTAGON FEDERAL CREDIT UNION 9 6.04% $9,027
    HOMEBRIDGE FINANCIAL SERVICES, INC. 8 5.80% $12,588
    PRIMARY RESIDENTIAL MORTGAGE, INC. 8 5.75% $18,798
    Bank of Hawaii 8 6.06% $13,964
    DAS Acquisition Company, LLC 7 6.64% $14,631
    CLEARPATH LENDING 7 5.32% $22,165
    Flagstar Bank, FSB 7 6.00% $21,237
    SECURITYNATIONAL MORTGAGE COMPANY 7 6.14% $39,361
    NEW DAY FINANCIAL, LLC 7 7.66% $20,915
    Carrington Mortgage Services, LLC 6 6.15% $33,654
    MOVEMENT MORTGAGE, LLC 5 7.05% $8,955
    CASTLE & COOKE MORTGAGE, LLC 5 6.22% $9,646
    PLANET HOME LENDING, LLC 5 3.25% $5,600
    ALAMEDA MORTGAGE CORPORATION 5 5.88% $32,837
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.42% $8,071
    GUARANTEED RATE AFFINITY, LLC 4 6.16% $9,819
    Barrington Bank & Trust Company, N.A. 4 6.22% $6,500
    Central Pacific Bank 4 5.91% $11,867
    MORTGAGEONE, INC. 4 6.13% $7,005
    NBKC BANK 4 5.72% $3,481
    SUN WEST MORTGAGE COMPANY, INC. 4 5.84% $22,848
    HomeStreet Bank 3 5.38% $11,601
    Pacific Lending LLC 3 6.46% $18,494
    Texana Bank 3 5.88% $13,213
    First Hawaiian Bank 3 6.29% $13,449
    Mr. Cooper ( Nationstar Mortgage ) 3 6.08% $11,117
    Magnolia Bank 2 5.69% $31,116
    Home Mortgage Alliance Corp 2 6.00% $8,527
    HighTechLending Inc 2 6.00% $15,883
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.50% $31,105
    Northpointe Bank 2 5.50% $35,826
    OCMBC, INC. 2 6.50% $17,712
    MLD MORTGAGE INC. 2 6.06% $7,191
    MASON MCDUFFIE MORTGAGE CORPORATION 2 5.74% $18,156
    First Federal Bank 2 5.69% $8,291
    The Central Trust Bank 2 4.88% $25,156
    AMERISAVE MORTGAGE CORPORATION 2 5.75% $41,160
    SOVEREIGN LENDING GROUP INCORPORATED 1 6.00% $5,719
    ZILLOW HOME LOANS, LLC 1 6.25% $9,203
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.13% $13,900
    Wells Fargo Bank 1 6.38% $18,888
    Cornerstone First Mortgage, Inc 1 5.88% $15,222
    BROKER SOLUTIONS, INC. 1 6.75% $6,901
    BAY-VALLEY MORTGAGE GROUP 1 6.75% $26,807
    Armed Forces Bank 1 5.75% $8,195
    U.S. Bank 1 6.25% $34,824
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 6.25% $13,127
    Presidential Bank, FSB 1 5.63% $15,715
    JPMorgan Chase Bank 1 7.13% $876
    Farmers Bank & Trust 1 6.00% $16,059

    The top Hawaii VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 549 VA loans originated. Their average total fees are $12,699, which is $4,917 lower than the next largest lender, FREEDOM MORTGAGE CORPORATION.

    The lowest fee Hawaii VA lenders (with over 10 loans originated) are CITY FIRST MORTGAGE SERVICES, L.L.C. ($9,809), NAVY FEDERAL CREDIT UNION ($9,931), VILLAGE CAPITAL MORTGAGE ($11,506), AMERICAN FINANCIAL NETWORK, INC. ($12,113) and AMERICAN PACIFIC MORTGAGE CORPORATION ($12,329).

    The lowest rate Hawaii VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.23%), PENNYMAC LOAN SERVICES, LLC (5.66%), LOANDEPOT.COM, LLC (5.67%), The Loan Store, Inc. (5.72%) and QUICKEN LOANS, LLC (5.72%).

    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.