Hawaii Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hawaii averaged
6.44%
for the week of 2023-09-21, compared to the national average of
7.19% for the same period.
The average rate for the prior week (2023-09-14) was
6.63% and
one month ago for the week of 2023-08-17, the
average rate was 6.64%.
Hawaii's average rate one year ago was 5.27%.
For refis of the same type during the week of 2023-09-21, the average rate
was 5.47%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-21 | 7.19% |
| Hawaii 30 Year Fixed Rate | 2023-09-21 | 6.44% |
| Hawaii 30 Year Fixed Rate Refi | 2023-09-21 | 5.47% |
| Hawaii 15 Year Fixed Rate | 2023-09-21 | 5.77% |
| Hawaii 15 Year Fixed Rate Refi | 2023-09-21 | 5.1% |
| Hawaii 30 Year FHA | 2023-09-21 | 6.21% |
| Hawaii 30 Year FHA Refi | 2023-09-21 | 5.08% |
| Hawaii 30 Year USDA | 2023-09-21 | 5.69% |
| Hawaii 30 Year USDA Refi | 2023-09-21 | 6.82% |
| Hawaii 30 Year VA | 2023-09-21 | 6.08% |
| Hawaii 30 Year VA Refi | 2023-09-21 | 4.42% |
Hawaii Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Hawaii market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Hawaii Average Closing Costs & Other Stats
Hawaii's 194 lenders originated 32,558
loans during 2022. The total origination value was $16,991,390,000, with an average loan value of
$521,881.
Hawaii's average closing costs are $9,269.
The top Hawaii lender as defined by loan originations is First Hawaiian Bank, with
1,023 loans originated. Their average total fees are
$11,982, which is $3,585
lower than the next largest lender,
Bank of Hawaii.
The lowest fee Hawaii lenders (with over 10 loans originated) are
Stifel Bank and Trust ($5,263), North American Savings Bank, F.S.B. ($5,375), IMPAC MORTGAGE CORP. ($5,466), NBKC BANK ($5,747) and RBC Bank, (Georgia) ($6,267).
The lowest rate Hawaii lenders (with over 10 loans originated) are
Silicon Valley Bank (2.83%), First Republic Bank (3.08%), Charles Schwab Bank, SSB (3.12%), Goldman Sachs Bank USA (3.22%) and UBS Bank USA (3.26%).
Hawaii Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| Bank of Hawaii | $3,031,320,000 | $2,313,675,000 | -23.7% | 13.6% |
| First Hawaiian Bank | $1,902,180,000 | $1,370,010,000 | -28.0% | 8.1% |
| American Savings Bank, FSB | $1,633,185,000 | $1,297,400,000 | -20.6% | 7.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,358,375,000 | $1,025,805,000 | -24.5% | 6.0% |
| Central Pacific Bank | $1,285,170,000 | $735,680,000 | -42.8% | 4.3% |
| LOANDEPOT.COM, LLC | $1,978,560,000 | $680,390,000 | -65.6% | 4.0% |
| QUICKEN LOANS, LLC | $1,419,100,000 | $566,480,000 | -60.1% | 3.3% |
| GUARANTEED RATE, INC. | $952,610,000 | $487,540,000 | -48.8% | 2.9% |
| Wells Fargo Bank | $584,845,000 | $388,125,000 | -33.6% | 2.3% |
| HAWAIIUSA FEDERAL CREDIT UNION | $179,390,000 | $362,560,000 | 102.1% | 2.1% |
| HAWAII STATE FEDERAL CREDIT UNION | $452,230,000 | $332,755,000 | -26.4% | 2.0% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $967,875,000 | $310,055,000 | -68.0% | 1.8% |
| HAWAIIAN FINANCIAL | $247,680,000 | $275,475,000 | 11.2% | 1.6% |
| FREEDOM MORTGAGE CORPORATION | $1,538,155,000 | $262,440,000 | -82.9% | 1.5% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $601,375,000 | $257,225,000 | -57.2% | 1.5% |
| HOME POINT FINANCIAL CORPORATION | $1,013,075,000 | $255,670,000 | -74.8% | 1.5% |
| JPMorgan Chase Bank | $368,490,000 | $232,560,000 | -36.9% | 1.4% |
| First Republic Bank | $229,515,000 | $229,080,000 | -0.2% | 1.3% |
| DHI MORTGAGE COMPANY, LTD. | $172,890,000 | $208,075,000 | 20.4% | 1.2% |
| Bank of America | $235,605,000 | $204,695,000 | -13.1% | 1.2% |
| Mortgage Research Center, LLC | $247,565,000 | $164,780,000 | -33.4% | 1.0% |
| NAVY FEDERAL CREDIT UNION | $279,220,000 | $160,575,000 | -42.5% | 0.9% |
| CALIBER HOME LOANS, INC. | $422,240,000 | $154,220,000 | -63.5% | 0.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $327,965,000 | $150,895,000 | -54.0% | 0.9% |
| CMG MORTGAGE, INC. | $314,310,000 | $145,295,000 | -53.8% | 0.9% |
| Territorial Savings Bank | $353,470,000 | $140,920,000 | -60.1% | 0.8% |
| V.I.P. MORTGAGE, INC. | $231,640,000 | $139,510,000 | -39.8% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $490,865,000 | $138,760,000 | -71.7% | 0.8% |
| ACADEMY MORTGAGE CORPORATION | $253,440,000 | $137,480,000 | -45.8% | 0.8% |
| Morgan Stanley Private Bank | $160,255,000 | $134,005,000 | -16.4% | 0.8% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $69,735,000 | $117,405,000 | 68.4% | 0.7% |
| SECURITYNATIONAL MORTGAGE COMPANY | $169,575,000 | $117,270,000 | -30.8% | 0.7% |
| FINANCE OF AMERICA MORTGAGE LLC | $196,955,000 | $111,125,000 | -43.6% | 0.7% |
| COMPASS HOME LOANS, LLC | $303,565,000 | $105,355,000 | -65.3% | 0.6% |
| AMERISAVE MORTGAGE CORPORATION | $381,710,000 | $99,805,000 | -73.9% | 0.6% |
| FINANCE OF AMERICA REVERSE LLC | $45,515,000 | $97,665,000 | 114.6% | 0.6% |
| Northpointe Bank | $10,385,000 | $91,165,000 | 777.9% | 0.5% |
| CIVIC FINANCIAL SERVICES, LLC | $54,260,000 | $89,715,000 | 65.3% | 0.5% |
| UBS Bank USA | $74,605,000 | $87,925,000 | 17.9% | 0.5% |
| Citibank | $142,055,000 | $81,345,000 | -42.7% | 0.5% |
| U.S. Bank | $174,470,000 | $81,040,000 | -53.6% | 0.5% |
| Ameris Bank | $132,495,000 | $73,710,000 | -44.4% | 0.4% |
| MOVEMENT MORTGAGE, LLC | $118,470,000 | $69,420,000 | -41.4% | 0.4% |
| LAND HOME FINANCIAL SERVICES, INC. | $123,805,000 | $69,075,000 | -44.2% | 0.4% |
| GUILD MORTGAGE COMPANY | $191,795,000 | $61,845,000 | -67.8% | 0.4% |
| Finance Factors, Limited | $103,910,000 | $60,440,000 | -41.8% | 0.4% |
| HighTechLending Inc | $187,035,000 | $59,495,000 | -68.2% | 0.4% |
| HICKAM | $19,605,000 | $55,245,000 | 181.8% | 0.3% |
| Charles Schwab Bank, SSB | $69,320,000 | $55,200,000 | -20.4% | 0.3% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $206,375,000 | $48,940,000 | -76.3% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $167,620,000 | $48,935,000 | -70.8% | 0.3% |
| Mr. Cooper ( Nationstar Mortgage ) | $166,065,000 | $48,830,000 | -70.6% | 0.3% |
| Commerce Home Mortgage, Inc. | $9,450,000 | $48,325,000 | 411.4% | 0.3% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $87,910,000 | $46,450,000 | -47.2% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $186,620,000 | $46,445,000 | -75.1% | 0.3% |
| PLAZA HOME MORTGAGE, INC. | $178,420,000 | $45,755,000 | -74.4% | 0.3% |
| City National Bank | $53,645,000 | $44,920,000 | -16.3% | 0.3% |
| NBKC BANK | $178,710,000 | $44,620,000 | -75.0% | 0.3% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $100,285,000 | $40,125,000 | -60.0% | 0.2% |
| MID AMERICA MORTGAGE, INC. | $308,195,000 | $39,995,000 | -87.0% | 0.2% |
| ALOHA PACIFIC | $136,670,000 | $37,895,000 | -72.3% | 0.2% |
| The Northern Trust Company | $15,920,000 | $37,295,000 | 134.3% | 0.2% |
| PENTAGON FEDERAL CREDIT UNION | $99,040,000 | $37,120,000 | -62.5% | 0.2% |
| Paramount Residential Mortgage Group, Inc. | $64,460,000 | $35,820,000 | -44.4% | 0.2% |
| Flagstar Bank, FSB | $128,465,000 | $33,810,000 | -73.7% | 0.2% |
| REVERSE MORTGAGE FUNDING LLC | $7,390,000 | $33,550,000 | 354.0% | 0.2% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $33,345,000 | n/a | 0.2% | |
| Goldman Sachs Bank USA | $40,765,000 | $31,685,000 | -22.3% | 0.2% |
| MANN FINANCIAL INC. | $113,120,000 | $31,205,000 | -72.4% | 0.2% |
| NEWREZ LLC | $50,090,000 | $30,625,000 | -38.9% | 0.2% |
| ROUNDPOINT MORTGAGE SERVICING CORPORATION | $65,170,000 | $29,940,000 | -54.1% | 0.2% |
| DAS Acquisition Company, LLC | $12,445,000 | $29,875,000 | 140.1% | 0.2% |
| HomeStreet Bank | $50,365,000 | $29,865,000 | -40.7% | 0.2% |
| FUNDLOANS CAPITAL | $33,595,000 | $28,765,000 | -14.4% | 0.2% |
| KeyBank | $35,105,000 | $27,960,000 | -20.4% | 0.2% |
| Nations Lending Corporation | $55,540,000 | $27,740,000 | -50.1% | 0.2% |
| RBC Bank, (Georgia) | $28,660,000 | $26,095,000 | -8.9% | 0.2% |
| WALKER & DUNLOP, LLC | $27,155,000 | $24,805,000 | -8.7% | 0.1% |
| CASTLE & COOKE MORTGAGE, LLC | $125,755,000 | $24,290,000 | -80.7% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $33,080,000 | $23,850,000 | -27.9% | 0.1% |
| University of Hawaii Federal Credit Union | $28,280,000 | $23,650,000 | -16.4% | 0.1% |
| PNC Bank | $50,110,000 | $23,590,000 | -52.9% | 0.1% |
| NEXERA HOLDING LLC | $23,410,000 | n/a | 0.1% | |
| Silicon Valley Bank | $16,355,000 | $22,165,000 | 35.5% | 0.1% |
| PACIFIC HOME LOANS, INC. | $108,305,000 | $21,800,000 | -79.9% | 0.1% |
| Stifel Bank and Trust | $19,380,000 | $21,790,000 | 12.4% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $17,820,000 | $20,470,000 | 14.9% | 0.1% |
| MLD MORTGAGE INC. | $74,940,000 | $20,285,000 | -72.9% | 0.1% |
| Citadel Servicing Corporation | $4,880,000 | $20,130,000 | 312.5% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $30,445,000 | $19,295,000 | -36.6% | 0.1% |
| Axos Bank | $28,305,000 | $18,565,000 | -34.4% | 0.1% |
| Carrington Mortgage Services, LLC | $38,220,000 | $18,180,000 | -52.4% | 0.1% |
| BMO Harris Bank | $17,390,000 | $17,745,000 | 2.0% | 0.1% |
| The Federal Savings Bank | $131,440,000 | $17,470,000 | -86.7% | 0.1% |
| ENVOY MORTGAGE, LTD | $17,025,000 | n/a | 0.1% | |
| ATHAS CAPITAL GROUP, INC. | $9,915,000 | $16,875,000 | 70.2% | 0.1% |
| Pearl Hawaii Federal Credit Union | $16,790,000 | n/a | 0.1% | |
| AMERICAN ADVISORS GROUP | $16,695,000 | $16,455,000 | -1.4% | 0.1% |
| HONOLULU | $23,065,000 | $16,115,000 | -30.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $50,915,000 | $16,015,000 | -68.5% | 0.1% |
| Raymond James Bank | $9,105,000 | $14,895,000 | 63.6% | 0.1% |
| BAY EQUITY LLC | $24,985,000 | $14,720,000 | -41.1% | 0.1% |
| M&T Realty Capital Corporation | $14,455,000 | n/a | 0.1% | |
| BNY Mellon | $17,240,000 | $14,375,000 | -16.6% | 0.1% |
| Hometown Equity Mortgage, LLC | $13,135,000 | $13,860,000 | 5.5% | 0.1% |
| Pacific Lending LLC | $32,905,000 | $12,405,000 | -62.3% | 0.1% |
| BM Real Estate Services, Inc. | $17,720,000 | $12,390,000 | -30.1% | 0.1% |
| CENTER STREET LENDING VIII, LLC | $20,350,000 | $12,305,000 | -39.5% | 0.1% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $18,735,000 | $11,895,000 | -36.5% | 0.1% |
| Quontic Bank | $21,105,000 | $11,265,000 | -46.6% | 0.1% |
| IMPAC MORTGAGE CORP. | $25,215,000 | $11,135,000 | -55.8% | 0.1% |
| North American Savings Bank, F.S.B. | $89,455,000 | $10,760,000 | -88.0% | 0.1% |
| CITYWIDE HOME LOANS, LLC | $19,350,000 | $10,580,000 | -45.3% | 0.1% |
| OCMBC, INC. | $4,735,000 | $10,510,000 | 122.0% | 0.1% |
| SUMMIT FUNDING, INC. | $34,360,000 | $9,700,000 | -71.8% | 0.1% |
| KINECTA | $1,685,000 | $9,560,000 | 467.4% | 0.1% |
| Zions Bancorporation, N.A. | $5,785,000 | $9,530,000 | 64.7% | 0.1% |
| MidFirst Bank | $4,515,000 | $9,390,000 | 108.0% | 0.1% |
| CLEARPATH LENDING | $63,900,000 | $9,155,000 | -85.7% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $56,455,000 | $9,115,000 | -83.9% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $12,605,000 | $8,975,000 | -28.8% | 0.1% |
| NEW DAY FINANCIAL, LLC | $23,730,000 | $8,815,000 | -62.9% | 0.1% |
| Plains Commerce Bank | $23,620,000 | $8,805,000 | -62.7% | 0.1% |
| Mortgage Bank of California | $10,545,000 | $8,790,000 | -16.6% | 0.1% |
| AXIA FINANCIAL, LLC | $34,525,000 | $8,555,000 | -75.2% | 0.1% |
| KELLER MORTGAGE, LLC | $22,340,000 | $8,310,000 | -62.8% | 0.0% |
| Umpqua Bank | $15,675,000 | $7,900,000 | -49.6% | 0.0% |
| LENDSURE MORTGAGE CORP. | $1,425,000 | $7,475,000 | 424.6% | 0.0% |
| AMWEST FUNDING CORP. | $7,370,000 | n/a | 0.0% | |
| Woodford State Bank | $7,205,000 | n/a | 0.0% | |
| EVANSVILLE TEACHERS | $885,000 | $7,035,000 | 694.9% | 0.0% |
| Strong Home Mortgage, LLC | $17,050,000 | $7,020,000 | -58.8% | 0.0% |
| NexBank | $1,480,000 | $6,580,000 | 344.6% | 0.0% |
| First-Citizens Bank & Trust Company | $6,255,000 | n/a | 0.0% | |
| USAA Federal Savings Bank | $13,485,000 | $5,765,000 | -57.2% | 0.0% |
| MUFG Union Bank | $5,665,000 | n/a | 0.0% | |
| Franklin Loan Corporation | $5,780,000 | $5,635,000 | -2.5% | 0.0% |
| Mabrey Bank | $1,135,000 | $5,605,000 | 393.8% | 0.0% |
| First Internet Bank of Indiana | $4,055,000 | $5,405,000 | 33.3% | 0.0% |
| M&T Bank | $2,170,000 | $4,995,000 | 130.2% | 0.0% |
| STEARNS LENDING, LLC | $110,410,000 | $4,865,000 | -95.6% | 0.0% |
| AMERICAN INTERNET MORTGAGE, INC. | $4,260,000 | $4,840,000 | 13.6% | 0.0% |
| Discover Bank | $2,450,000 | $4,820,000 | 96.7% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $13,970,000 | $4,775,000 | -65.8% | 0.0% |
| The Central Trust Bank | $9,690,000 | $4,665,000 | -51.9% | 0.0% |
| Toyota Financial Savings Bank | $7,310,000 | $4,620,000 | -36.8% | 0.0% |
| Visio Financial Services Inc. | $4,105,000 | $4,375,000 | 6.6% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $27,965,000 | $4,310,000 | -84.6% | 0.0% |
| LENDINGONE, LLC | $185,000 | $4,200,000 | 2,170.3% | 0.0% |
| LIMA ONE CAPITAL, LLC | $7,010,000 | $4,175,000 | -40.4% | 0.0% |
| EVERETT FINANCIAL, INC. | $2,370,000 | $4,030,000 | 70.0% | 0.0% |
| GENEVA FINANCIAL, LLC | $4,600,000 | $3,795,000 | -17.5% | 0.0% |
| Bank of Colorado | $3,790,000 | n/a | 0.0% | |
| Magnolia Bank | $8,910,000 | $3,680,000 | -58.7% | 0.0% |
| STAR ONE CREDIT UNION | $2,340,000 | $3,405,000 | 45.5% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $850,000 | $3,365,000 | 295.9% | 0.0% |
| First Foundation Bank | $16,175,000 | $3,300,000 | -79.6% | 0.0% |
| Low VA Rates, LLC | $17,805,000 | $3,175,000 | -82.2% | 0.0% |
| Community First National Bank | $4,020,000 | $3,100,000 | -22.9% | 0.0% |
| 1ST 2ND MORTGAGE COMPANY OF N.J., INC. | $3,080,000 | n/a | 0.0% | |
| S1L, Inc. | $3,070,000 | n/a | 0.0% | |
| First Western Trust Bank | $3,835,000 | $3,055,000 | -20.3% | 0.0% |
| Tri Counties Bank | $3,015,000 | n/a | 0.0% | |
| Bank of Utah | $3,010,000 | n/a | 0.0% | |
| First Savings Bank | $10,220,000 | $2,840,000 | -72.2% | 0.0% |
| TEACHERS | $2,830,000 | n/a | 0.0% | |
| REDWOOD RESIDENTIAL ACQUISITION CORPORATION | $5,460,000 | $2,730,000 | -50.0% | 0.0% |
| Sound Community Bank | $1,495,000 | $2,705,000 | 80.9% | 0.0% |
| Herring Bank | $2,625,000 | n/a | 0.0% | |
| Merchants Bank of Indiana | $2,620,000 | n/a | 0.0% | |
| Northstar Bank | $2,405,000 | n/a | 0.0% | |
| Equity Prime Mortgage LLC | $2,355,000 | n/a | 0.0% | |
| Preferred Bank | $2,285,000 | n/a | 0.0% | |
| First Dakota National Bank | $2,255,000 | n/a | 0.0% | |
| HILTON FINANCIAL CORPORATION | $805,000 | $2,250,000 | 179.5% | 0.0% |
| NFM, INC. | $2,250,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $2,080,000 | n/a | 0.0% | |
| Wilmington Savings Fund Society, FSB | $355,000 | $2,010,000 | 466.2% | 0.0% |
| First Home Bank | $9,365,000 | $2,005,000 | -78.6% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $2,505,000 | $2,005,000 | -20.0% | 0.0% |
| Glacier Bank | $1,530,000 | $1,900,000 | 24.2% | 0.0% |
| I.L.W.U. CREDIT UNION | $750,000 | $1,875,000 | 150.0% | 0.0% |
| ALLIANT CREDIT UNION | $4,385,000 | $1,865,000 | -57.5% | 0.0% |
| Operating Engineers Local Union #3 | $275,000 | $1,865,000 | 578.2% | 0.0% |
| RCN Capital, LLC | $1,820,000 | n/a | 0.0% | |
| Armed Forces Bank | $1,775,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $4,210,000 | $1,765,000 | -58.1% | 0.0% |
| Origin Bank | $855,000 | $1,765,000 | 106.4% | 0.0% |
| Evolve Bank & Trust | $4,535,000 | $1,690,000 | -62.7% | 0.0% |
| Sunflower Bank | $4,610,000 | $1,600,000 | -65.3% | 0.0% |
| Firefighters First Federal Credit Union | $305,000 | $1,545,000 | 406.6% | 0.0% |
| Watermark Capital, Inc. | $4,105,000 | $1,535,000 | -62.6% | 0.0% |
| CHEVRON | $1,730,000 | $1,525,000 | -11.8% | 0.0% |
| Washington Trust Bank | $13,210,000 | $1,505,000 | -88.6% | 0.0% |
| Florida Capital Bank | $415,000 | $1,495,000 | 260.2% | 0.0% |
| UNIVERSITY CREDIT UNION | $1,475,000 | n/a | 0.0% | |
| The Huntington National Bank | $4,240,000 | $1,405,000 | -66.9% | 0.0% |
| Consolidated Federal Credit Union | $1,350,000 | n/a | 0.0% | |
| NuVision Federal Credit Union | $355,000 | $1,315,000 | 270.4% | 0.0% |
| General Mortgage Capital Corporation | $1,270,000 | n/a | 0.0% | |
| FineMark National Bank & Trust | $1,255,000 | n/a | 0.0% | |
| Arvest Bank | $5,845,000 | $1,235,000 | -78.9% | 0.0% |
| JMJ FINANCIAL GROUP | $9,010,000 | $1,235,000 | -86.3% | 0.0% |
| Exchange Bank | $1,205,000 | n/a | 0.0% | |
| LOANPAL, LLC | $840,000 | $1,205,000 | 43.5% | 0.0% |
| RAIN CITY CAPITAL, LLC | $725,000 | $1,140,000 | 57.2% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $1,130,000 | n/a | 0.0% | |
| ASSEMBLIES OF GOD Credit Union | $1,105,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $1,070,000 | n/a | 0.0% | |
| Morton Community Bank | $1,055,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $3,110,000 | $1,040,000 | -66.6% | 0.0% |
| Presidential Bank, FSB | $2,515,000 | $1,035,000 | -58.8% | 0.0% |
| Goldwater Bank, N.A. | $675,000 | $1,025,000 | 51.9% | 0.0% |
| Fidelity Bank | $505,000 | $1,020,000 | 102.0% | 0.0% |
| CorTrust Bank | $1,005,000 | n/a | 0.0% | |
| First United Bank and Trust Company | $980,000 | $1,005,000 | 2.6% | 0.0% |
| Royal Business Bank | $1,005,000 | n/a | 0.0% | |
| UMB Bank | $2,080,000 | $1,005,000 | -51.7% | 0.0% |
| Atlantic Union Bank | $2,015,000 | $975,000 | -51.6% | 0.0% |
| Gold Coast Bank | $1,165,000 | $975,000 | -16.3% | 0.0% |
| ZILLOW HOME LOANS, LLC | $965,000 | n/a | 0.0% | |
| First Merchants Bank | $955,000 | n/a | 0.0% | |
| ADVANCIAL | $5,655,000 | $910,000 | -83.9% | 0.0% |
| Guaranty Bank & Trust, N.A. | $905,000 | n/a | 0.0% | |
| United Nations Federal Credit Union | $3,540,000 | $905,000 | -74.4% | 0.0% |
| First Bank | $735,000 | $885,000 | 20.4% | 0.0% |
| American Airlines Federal Credit Union | $1,645,000 | $860,000 | -47.7% | 0.0% |
| LANTZMAN MANAGEMENT, INC. | $1,355,000 | $860,000 | -36.5% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $840,000 | n/a | 0.0% | |
| CIBC Bank USA | $7,705,000 | $835,000 | -89.2% | 0.0% |
| FidelityLending Solutions Inc. dba Wholesale Mortgage Bankers | $795,000 | n/a | 0.0% | |
| Cache Valley Bank | $775,000 | n/a | 0.0% | |
| Comerica Bank | $4,100,000 | $775,000 | -81.1% | 0.0% |
| Access Bank | $205,000 | $765,000 | 273.2% | 0.0% |
| Cf Bank | $3,425,000 | $760,000 | -77.8% | 0.0% |
| Deseret First Credit Union | $745,000 | n/a | 0.0% | |
| WESCOM CENTRAL CREDIT UNION | $745,000 | n/a | 0.0% | |
| Meridian Bank Corporation | $535,000 | $730,000 | 36.4% | 0.0% |
| First Federal Bank of Kansas City | $725,000 | n/a | 0.0% | |
| STANFORD Federal Credit Union | $1,450,000 | $725,000 | -50.0% | 0.0% |
| Rock Canyon Bank | $825,000 | $695,000 | -15.8% | 0.0% |
| Ally Bank | $690,000 | n/a | 0.0% | |
| MATANUSKA VALLEY FEDERAL CREDIT UNION | $790,000 | $690,000 | -12.7% | 0.0% |
| Northwest Federal Credit Union | $635,000 | $685,000 | 7.9% | 0.0% |
| TOWER | $55,000 | $685,000 | 1,145.5% | 0.0% |
| NEW WAVE LENDING GROUP INC | $645,000 | n/a | 0.0% | |
| CHURCHILL MORTGAGE CORPORATION | $640,000 | n/a | 0.0% | |
| Midwest Community Bank | $4,685,000 | $635,000 | -86.4% | 0.0% |
| INLAND BANK & TRUST | $735,000 | $610,000 | -17.0% | 0.0% |
| CENTRAL MINNESOTA Credit Union | $595,000 | n/a | 0.0% | |
| Baxter Credit Union | $1,855,000 | $590,000 | -68.2% | 0.0% |
| Colonial Savings, F.A. | $1,305,000 | $590,000 | -54.8% | 0.0% |
| Bethpage Federal Credit Union | $580,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $580,000 | n/a | 0.0% | |
| VAL-CHRIS INVESTMENTS, INC. | $1,160,000 | $535,000 | -53.9% | 0.0% |
| Citizens National Bank of Texas | $525,000 | n/a | 0.0% | |
| Peoples Bank | $485,000 | n/a | 0.0% | |
| Brighton Bank | $465,000 | n/a | 0.0% | |
| Paramount Bank | $4,175,000 | $445,000 | -89.3% | 0.0% |
| Bank-Fund Staff Federal Credit Union | $940,000 | $435,000 | -53.7% | 0.0% |
| FirstBank | $2,160,000 | $415,000 | -80.8% | 0.0% |
| Greenbox Loans, Inc. | $7,210,000 | $405,000 | -94.4% | 0.0% |
| DRAPER AND KRAMER MORTGAGE CORP. | $395,000 | n/a | 0.0% | |
| Willamette Valley Bank | $1,970,000 | $395,000 | -79.9% | 0.0% |
| KS StateBank | $3,800,000 | $305,000 | -92.0% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $1,105,000 | $305,000 | -72.4% | 0.0% |
| Farmers Bank & Trust | $2,805,000 | $275,000 | -90.2% | 0.0% |
| CITIZENS EQUITY FIRST | $205,000 | $255,000 | 24.4% | 0.0% |
| CREDIT UNION MORTGAGE ASSOCIATION, INC. | $225,000 | n/a | 0.0% | |
| NETWORK CAPITAL FUNDING CORPORATION | $225,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $4,750,000 | $205,000 | -95.7% | 0.0% |
| DIGITAL Federal Credit Union | $165,000 | n/a | 0.0% | |
| Texana Bank | $315,000 | $155,000 | -50.8% | 0.0% |
| First State Bank of St. Charles, Missouri | $720,000 | $125,000 | -82.6% | 0.0% |
| Secured Investment Corp. | $635,000 | $125,000 | -80.3% | 0.0% |
| Elements Financial Federal Credit Union | $115,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $85,000 | n/a | 0.0% | |
| Marriott Employees' Federal Credit Union | $515,000 | $65,000 | -87.4% | 0.0% |
| CORPORATE AMERICA FAMILY | $45,000 | n/a | 0.0% | |
| Christian Community Credit Union | $3,230,000 | $35,000 | -98.9% | 0.0% |
Hawaii's top lender by overall market share is Bank of Hawaii, with 13.6% market share. In second place, with 8.1%, is First Hawaiian Bank, having originated $1,370,010,000 in loans. In third place, with 7.6%, is American Savings Bank, FSB, having originated $1,297,400,000 in loans. In fourth place, with 6.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $1,025,805,000 in loans. In fifth place, with 4.3%, is Central Pacific Bank, having originated $735,680,000 in loans.
Hawaii Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 13,260 | $8,992,310,000 | $678,153 |
| Refi | 6,537 | $3,165,815,000 | $484,292 |
| Cash Out Refi | 4,760 | $2,600,940,000 | $546,416 |
| Other | 4,058 | $1,392,340,000 | $343,110 |
| Home Improvement | 3,942 | $839,830,000 | $213,047 |
| NA | 1 | $155,000 | $155,000 |
Hawaii's most frequently cited loan purpose was Home Purchase, with 13,260 originations. The 2nd most popular reason was Refi, with 6,537 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 9,714 | $5,102,230,000 | $525,245 |
| 4-5% | 5,949 | $3,587,925,000 | $603,114 |
| <2.5% | 5,727 | $2,166,025,000 | $378,213 |
| 2.5-3% | 4,951 | $2,511,705,000 | $507,313 |
| 5-6% | 3,692 | $2,115,520,000 | $573,001 |
| 6-7% | 1,343 | $766,785,000 | $570,949 |
| 7-8% | 531 | $323,315,000 | $608,879 |
| Over 8% | 460 | $283,310,000 | $615,891 |
During 2022, Hawaii's most frequently originated rate bucket was 3-4%, with 9,714 originations.
Loan Sizing (Hawaii MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 9,296 | $2,711,940,000 | $291,732 |
| $400k-600k | 7,256 | $3,451,130,000 | $475,624 |
| $600k-1000k | 6,910 | $5,319,030,000 | $769,758 |
| $100k-200k | 4,357 | $625,185,000 | $143,490 |
| $Over $1MM | 2,507 | $4,739,155,000 | $1,890,369 |
| $100,000 or less | 2,232 | $144,950,000 | $64,942 |
Hawaii's loan sizing saw the bucket of loans from $200k-400k with 9,296 originations, totaling $2,711,940,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 8,549 | $5,855,525,000 | $684,937 |
| 80-100% | 5,952 | $3,932,430,000 | $660,691 |
| 20-40% | 5,672 | $1,926,080,000 | $339,577 |
| Under 20% | 5,665 | $812,515,000 | $143,427 |
| 40-60% | 5,189 | $3,222,415,000 | $621,009 |
| Over 100% | 1,203 | $1,036,695,000 | $861,758 |
Hawaii's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 8,549 originations, totaling $5,855,525,000 in origination value.