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 -0.01% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Hawaii's average VA mortgage closing costs are $11,548.

    The average rate for the prior week (2024-11-08) was 6.19% and one month ago for the week of 2024-10-11, the average rate was 5.86%.

    The average rate one year ago was 7.15%.

    For refis of the same type during the week of 2024-11-15, the average rate was -0.59%.

    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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 420 6.01% $18,500
    Mortgage Research Center, LLC 229 6.16% $13,981
    AMERICAN PACIFIC MORTGAGE CORPORATION 167 6.12% $18,658
    FREEDOM MORTGAGE CORPORATION 131 6.22% $20,114
    LOANDEPOT.COM, LLC 127 6.38% $25,587
    QUICKEN LOANS, LLC 105 5.84% $20,470
    DHI MORTGAGE COMPANY, LTD. 105 5.55% $16,136
    GUARANTEED RATE, INC. 79 6.10% $15,280
    NAVY FEDERAL CREDIT UNION 58 5.83% $13,346
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 57 6.16% $17,068
    CROSSCOUNTRY MORTGAGE, LLC 47 6.20% $17,268
    CMG MORTGAGE, INC. 47 6.16% $21,532
    Century Mortgage Company DBA Century Lending Company 40 5.85% $18,874
    LAND HOME FINANCIAL SERVICES, INC. 36 5.75% $26,375
    PENNYMAC LOAN SERVICES, LLC 32 5.69% $21,286
    NEWREZ LLC 27 6.14% $16,691
    Ameris Bank 24 6.03% $18,015
    Plains Commerce Bank 23 5.85% $24,456
    AMERICAN FINANCIAL NETWORK, INC. 22 6.49% $15,393
    ACADEMY MORTGAGE CORPORATION 21 5.93% $18,669
    V.I.P. MORTGAGE, INC. 17 6.26% $20,818
    CARDINAL FINANCIAL 16 6.27% $23,022
    The Federal Savings Bank 16 5.98% $28,246
    MUTUAL OF OMAHA MORTGAGE, INC. 11 5.81% $15,829
    Central Pacific Bank 11 5.70% $14,019
    Paramount Residential Mortgage Group, Inc. 11 6.26% $22,027
    GUILD MORTGAGE COMPANY 11 6.18% $25,722
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 5.93% $16,792
    DAS Acquisition Company, LLC 10 6.91% $11,085
    NEW DAY FINANCIAL, LLC 9 7.92% $17,039
    Nations Lending Corporation 9 6.36% $13,329
    USAA Federal Savings Bank 8 6.00% $20,436
    PLAZA HOME MORTGAGE, INC. 8 6.30% $37,522
    PENTAGON FEDERAL CREDIT UNION 8 5.80% $12,650
    Bank of Hawaii 7 6.25% $16,859
    Equity Prime Mortgage LLC 6 5.92% $22,520
    MOVEMENT MORTGAGE, LLC 6 7.25% $15,687
    American Savings Bank, FSB 6 5.81% $21,748
    SECURITYNATIONAL MORTGAGE COMPANY 5 6.13% $22,621
    MANN FINANCIAL INC. 5 5.65% $21,642
    PRIMELENDING, A PLAINSCAPITAL COMPANY 5 6.52% $24,886
    Barrington Bank & Trust Company, N.A. 5 5.75% $8,402
    Mr. Cooper ( Nationstar Mortgage ) 4 5.75% $21,873
    CASTLE & COOKE MORTGAGE, LLC 4 6.22% $18,961
    NFM, INC. 4 6.72% $16,871
    Pacific Lending LLC 4 5.28% $24,706
    HighTechLending Inc 3 5.96% $11,878
    CANOPY MORTGAGE, LLC 3 6.63% $30,011
    COMPASS HOME LOANS, LLC 3 5.75% $16,458
    MASON MCDUFFIE MORTGAGE CORPORATION 3 6.42% $16,450
    Community First National Bank 3 6.67% $10,504
    AMERISAVE MORTGAGE CORPORATION 2 5.63% $53,242
    Wells Fargo Bank 2 5.56% $11,939
    SOVEREIGN LENDING GROUP INCORPORATED 2 6.75% $9,010
    PLANET HOME LENDING, LLC 2 2.88% $3,464
    First Hawaiian Bank 2 6.06% $11,413
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.56% $22,492
    North American Savings Bank, F.S.B. 1 5.25% $38,482
    First Federal Bank 1 6.38% $5,192
    First Bank 1 6.88% $4,117
    EVERETT FINANCIAL, INC. 1 6.63% $21,946
    CORNERSTONE HOME LENDING, INC. 1 7.25% $12,733
    Presidential Bank, FSB 1 6.25% $9,615
    S1L, Inc. 1 5.75% $4,910
    SUMMIT FUNDING, INC. 1 6.25% $8,387
    Sunflower Bank 1 6.13% $18,521
    BAY EQUITY LLC 1 6.25% $973
    Armed Forces Bank 1 5.75% $25,624
    VILLAGE CAPITAL MORTGAGE 1 6.50% $16,119
    MLD MORTGAGE INC. 1 5.25% $6,815
    MID AMERICA MORTGAGE, INC. 1 8.25% $10,094
    MORTGAGEONE, INC. 1 7.50% $12,457
    Magnolia Bank 1 5.75% $36,355
    LOANPAL, LLC 1 5.00% $20,934
    JMJ FINANCIAL GROUP 1 5.88% $40,513
    HAWAII STATE FEDERAL CREDIT UNION 1 5.63% $14,362
    GUARANTEED RATE AFFINITY, LLC 1 5.68% $14,822
    NBKC BANK 1 5.50% $28,536
    Franklin Loan Corporation 1 6.25% $26,222
    Flagstar Bank, FSB 1 6.75% $5,955
    American Mortgage & Equity Consultants, Inc. 1 7.25% $7,382

    The top Hawaii VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 420 VA loans originated. Their average total fees are $18,500, which is $4,519 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Hawaii VA lenders (with over 10 loans originated) are DAS Acquisition Company, LLC ($11,085), NAVY FEDERAL CREDIT UNION ($13,346), Mortgage Research Center, LLC ($13,981), Central Pacific Bank ($14,019) and GUARANTEED RATE, INC. ($15,280).

    The lowest rate Hawaii VA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.55%), PENNYMAC LOAN SERVICES, LLC (5.69%), Central Pacific Bank (5.70%), LAND HOME FINANCIAL SERVICES, INC. (5.75%) and MUTUAL OF OMAHA MORTGAGE, INC. (5.81%).

    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.