Hawaii Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Hawaii averaged
6.8%
for the week of 2024-11-14, compared to the national average of
6.78% for the same period.
The average rate for the prior week (2024-11-07) was
6.61% and
one month ago for the week of 2024-10-10, the
average rate was 5.94%.
Hawaii's average rate one year ago was 7.32%.
For refis of the same type during the week of 2024-11-14, the average rate
was 6.16%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-14 | 6.78% |
| Hawaii 30 Year Fixed Rate | 2024-11-14 | 6.8% |
| Hawaii 30 Year Fixed Rate Refi | 2024-11-14 | 6.16% |
| Hawaii 15 Year Fixed Rate | 2024-11-14 | 5.86% |
| Hawaii 15 Year Fixed Rate Refi | 2024-11-14 | 6.49% |
| Hawaii 30 Year FHA | 2024-11-14 | -0.55% |
| Hawaii 30 Year FHA Refi | 2024-11-14 | 0.2% |
| Hawaii 30 Year USDA | 2024-11-14 | -0.1% |
| Hawaii 30 Year USDA Refi | 2024-11-14 | -0.1% |
| Hawaii 30 Year VA | 2024-11-14 | -0.51% |
| Hawaii 30 Year VA Refi | 2024-11-14 | 0.1% |
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 169 lenders originated 16,565
loans during 2023. The total origination value was $8,795,835,000, with an average loan value of
$530,989.
Hawaii's average closing costs are $9,591.
The top Hawaii lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
581 loans originated. Their average total fees are
$13,582, which is $638
higher than the next largest lender,
First Hawaiian Bank.
The lowest fee Hawaii lenders (with over 10 loans originated) are
Maui County Federal Credit Union ($4,729), DHI MORTGAGE COMPANY, LTD. ($5,676), Morgan Stanley Private Bank ($6,973), PRIMARY RESIDENTIAL MORTGAGE, INC. ($7,194) and BAY EQUITY LLC ($7,351).
The lowest rate Hawaii lenders (with over 10 loans originated) are
First Republic Bank (4.72%), Maui County Federal Credit Union (5.25%), Citibank (5.42%), Charles Schwab Bank, SSB (5.59%) and University of Hawaii Federal Credit Union (5.76%).
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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Bank of Hawaii | $2,313,675,000 | $1,021,080,000 | -55.9% | 11.6% |
| UNITED WHOLESALE MORTGAGE, LLC | $1,025,805,000 | $781,930,000 | -23.8% | 8.9% |
| First Hawaiian Bank | $1,370,010,000 | $636,260,000 | -53.6% | 7.2% |
| American Savings Bank, FSB | $1,297,400,000 | $541,915,000 | -58.2% | 6.2% |
| QUICKEN LOANS, LLC | $566,480,000 | $343,030,000 | -39.4% | 3.9% |
| Central Pacific Bank | $735,680,000 | $247,540,000 | -66.4% | 2.8% |
| HAWAIIUSA FEDERAL CREDIT UNION | $362,560,000 | $222,705,000 | -38.6% | 2.5% |
| DHI MORTGAGE COMPANY, LTD. | $208,075,000 | $214,005,000 | 2.8% | 2.4% |
| HAWAII STATE FEDERAL CREDIT UNION | $332,755,000 | $207,370,000 | -37.7% | 2.4% |
| GUARANTEED RATE, INC. | $487,540,000 | $202,275,000 | -58.5% | 2.3% |
| LOANDEPOT.COM, LLC | $680,390,000 | $193,790,000 | -71.5% | 2.2% |
| FREEDOM MORTGAGE CORPORATION | $262,440,000 | $178,580,000 | -32.0% | 2.0% |
| CMG MORTGAGE, INC. | $145,295,000 | $168,005,000 | 15.6% | 1.9% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $310,055,000 | $140,210,000 | -54.8% | 1.6% |
| Mortgage Research Center, LLC | $164,780,000 | $134,115,000 | -18.6% | 1.5% |
| PNC Bank | $23,590,000 | $125,605,000 | 432.5% | 1.4% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $150,895,000 | $118,560,000 | -21.4% | 1.3% |
| JPMorgan Chase Bank | $232,560,000 | $117,420,000 | -49.5% | 1.3% |
| V.I.P. MORTGAGE, INC. | $139,510,000 | $110,785,000 | -20.6% | 1.3% |
| WALKER & DUNLOP, LLC | $24,805,000 | $110,005,000 | 343.5% | 1.3% |
| Territorial Savings Bank | $140,920,000 | $95,690,000 | -32.1% | 1.1% |
| NAVY FEDERAL CREDIT UNION | $160,575,000 | $91,150,000 | -43.2% | 1.0% |
| ALOHA PACIFIC | $37,895,000 | $88,055,000 | 132.4% | 1.0% |
| Century Mortgage Company DBA Century Lending Company | $1,130,000 | $82,735,000 | 7,221.7% | 0.9% |
| HAWAIIAN FINANCIAL | $275,475,000 | $81,025,000 | -70.6% | 0.9% |
| NEWREZ LLC | $30,625,000 | $80,925,000 | 164.2% | 0.9% |
| Morgan Stanley Private Bank | $134,005,000 | $80,690,000 | -39.8% | 0.9% |
| Citadel Servicing Corporation | $20,130,000 | $77,460,000 | 284.8% | 0.9% |
| Finance Factors, Limited | $60,440,000 | $72,990,000 | 20.8% | 0.8% |
| GUILD MORTGAGE COMPANY | $61,845,000 | $72,945,000 | 17.9% | 0.8% |
| HICKAM | $55,245,000 | $72,540,000 | 31.3% | 0.8% |
| PENNYMAC LOAN SERVICES, LLC | $138,760,000 | $72,520,000 | -47.7% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $48,935,000 | $66,075,000 | 35.0% | 0.8% |
| SECURITYNATIONAL MORTGAGE COMPANY | $117,270,000 | $65,940,000 | -43.8% | 0.7% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $257,225,000 | $63,400,000 | -75.4% | 0.7% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $117,405,000 | $56,410,000 | -52.0% | 0.6% |
| Ameris Bank | $73,710,000 | $55,310,000 | -25.0% | 0.6% |
| BMO Harris Bank | $17,745,000 | $48,910,000 | 175.6% | 0.6% |
| ACADEMY MORTGAGE CORPORATION | $137,480,000 | $47,655,000 | -65.3% | 0.5% |
| Citibank | $81,345,000 | $46,550,000 | -42.8% | 0.5% |
| U.S. Bank | $81,040,000 | $45,980,000 | -43.3% | 0.5% |
| Commerce Home Mortgage, Inc. | $48,325,000 | $44,820,000 | -7.3% | 0.5% |
| Charles Schwab Bank, SSB | $55,200,000 | $43,590,000 | -21.0% | 0.5% |
| Cross River Bank | $42,005,000 | n/a | 0.5% | |
| PLAZA HOME MORTGAGE, INC. | $45,755,000 | $39,335,000 | -14.0% | 0.4% |
| Wells Fargo Bank | $388,125,000 | $38,255,000 | -90.1% | 0.4% |
| Bank of America | $204,695,000 | $37,655,000 | -81.6% | 0.4% |
| FINANCE OF AMERICA REVERSE LLC | $97,665,000 | $37,035,000 | -62.1% | 0.4% |
| HOMEXPRESS MORTGAGE CORP. | $8,975,000 | $36,405,000 | 305.6% | 0.4% |
| Northpointe Bank | $91,165,000 | $34,920,000 | -61.7% | 0.4% |
| AMERICAN FINANCIAL NETWORK, INC. | $29,425,000 | n/a | 0.3% | |
| Paramount Residential Mortgage Group, Inc. | $35,820,000 | $28,380,000 | -20.8% | 0.3% |
| First Republic Bank | $229,080,000 | $27,010,000 | -88.2% | 0.3% |
| Nations Lending Corporation | $27,740,000 | $26,865,000 | -3.2% | 0.3% |
| HighTechLending Inc | $59,495,000 | $26,155,000 | -56.0% | 0.3% |
| LAND HOME FINANCIAL SERVICES, INC. | $69,075,000 | $25,910,000 | -62.5% | 0.3% |
| Plains Commerce Bank | $8,805,000 | $25,445,000 | 189.0% | 0.3% |
| NEXERA HOLDING LLC | $23,410,000 | $25,035,000 | 6.9% | 0.3% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $23,850,000 | $24,090,000 | 1.0% | 0.3% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $46,445,000 | $22,960,000 | -50.6% | 0.3% |
| Hawaii National Bank | $22,600,000 | n/a | 0.3% | |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $40,125,000 | $19,715,000 | -50.9% | 0.2% |
| PREMIER MORTGAGE RESOURCES, L.L.C. | $46,450,000 | $18,940,000 | -59.2% | 0.2% |
| FUNDLOANS CAPITAL | $28,765,000 | $18,720,000 | -34.9% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $48,830,000 | $17,365,000 | -64.4% | 0.2% |
| OCMBC, INC. | $10,510,000 | $16,730,000 | 59.2% | 0.2% |
| UBS Bank USA | $87,925,000 | $16,620,000 | -81.1% | 0.2% |
| Carrington Mortgage Services, LLC | $18,180,000 | $16,495,000 | -9.3% | 0.2% |
| DAS Acquisition Company, LLC | $29,875,000 | $16,430,000 | -45.0% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $99,805,000 | $16,325,000 | -83.6% | 0.2% |
| University of Hawaii Federal Credit Union | $23,650,000 | $15,820,000 | -33.1% | 0.2% |
| RBC Bank, (Georgia) | $26,095,000 | $15,635,000 | -40.1% | 0.2% |
| CARDINAL FINANCIAL | $48,940,000 | $13,960,000 | -71.5% | 0.2% |
| Flagstar Bank, FSB | $33,810,000 | $13,605,000 | -59.8% | 0.2% |
| Maui County Federal Credit Union | $13,370,000 | n/a | 0.2% | |
| MANN FINANCIAL INC. | $31,205,000 | $13,090,000 | -58.1% | 0.1% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $11,895,000 | $13,020,000 | 9.5% | 0.1% |
| Axos Bank | $18,565,000 | $12,925,000 | -30.4% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $37,120,000 | $12,750,000 | -65.7% | 0.1% |
| The Federal Savings Bank | $17,470,000 | $12,600,000 | -27.9% | 0.1% |
| City National Bank | $44,920,000 | $12,430,000 | -72.3% | 0.1% |
| KeyBank | $27,960,000 | $11,595,000 | -58.5% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $20,470,000 | $11,255,000 | -45.0% | 0.1% |
| KINECTA | $9,560,000 | $10,750,000 | 12.4% | 0.1% |
| BNY Mellon | $14,375,000 | $10,615,000 | -26.2% | 0.1% |
| HomeStreet Bank | $29,865,000 | $10,615,000 | -64.5% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $10,555,000 | n/a | 0.1% | |
| NFM, INC. | $2,250,000 | $10,440,000 | 364.0% | 0.1% |
| MLD MORTGAGE INC. | $20,285,000 | $10,330,000 | -49.1% | 0.1% |
| CASTLE & COOKE MORTGAGE, LLC | $24,290,000 | $10,325,000 | -57.5% | 0.1% |
| LIMA ONE CAPITAL, LLC | $4,175,000 | $10,205,000 | 144.4% | 0.1% |
| MOVEMENT MORTGAGE, LLC | $69,420,000 | $10,050,000 | -85.5% | 0.1% |
| CENTER STREET LENDING VIII, LLC | $12,305,000 | $9,050,000 | -26.5% | 0.1% |
| LENDSURE MORTGAGE CORP. | $7,475,000 | $8,945,000 | 19.7% | 0.1% |
| Hometown Equity Mortgage, LLC | $13,860,000 | $8,720,000 | -37.1% | 0.1% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $19,295,000 | $8,700,000 | -54.9% | 0.1% |
| AMWEST FUNDING CORP. | $7,370,000 | $8,190,000 | 11.1% | 0.1% |
| S1L, Inc. | $3,070,000 | $7,905,000 | 157.5% | 0.1% |
| Bank of Utah | $3,010,000 | $6,540,000 | 117.3% | 0.1% |
| BAY-VALLEY MORTGAGE GROUP | $6,225,000 | n/a | 0.1% | |
| Pearl Hawaii Federal Credit Union | $16,790,000 | $6,120,000 | -63.5% | 0.1% |
| Pacific Lending LLC | $12,405,000 | $6,075,000 | -51.0% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $33,345,000 | $5,855,000 | -82.4% | 0.1% |
| HONOLULU | $16,115,000 | $5,840,000 | -63.8% | 0.1% |
| CANOPY MORTGAGE, LLC | $5,795,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $21,790,000 | $5,645,000 | -74.1% | 0.1% |
| BM Real Estate Services, Inc. | $12,390,000 | $5,545,000 | -55.2% | 0.1% |
| BAY EQUITY LLC | $14,720,000 | $5,430,000 | -63.1% | 0.1% |
| Discover Bank | $4,820,000 | $5,335,000 | 10.7% | 0.1% |
| Equity Prime Mortgage LLC | $2,355,000 | $5,230,000 | 122.1% | 0.1% |
| MidFirst Bank | $9,390,000 | $5,205,000 | -44.6% | 0.1% |
| NEW DAY FINANCIAL, LLC | $8,815,000 | $5,030,000 | -42.9% | 0.1% |
| NBKC BANK | $44,620,000 | $5,020,000 | -88.7% | 0.1% |
| AMERICAN HERITAGE LENDING, INC. | $4,920,000 | n/a | 0.1% | |
| Barrington Bank & Trust Company, N.A. | $4,775,000 | $4,915,000 | 2.9% | 0.1% |
| USAA Federal Savings Bank | $5,765,000 | $4,915,000 | -14.7% | 0.1% |
| First-Citizens Bank & Trust Company | $6,255,000 | $4,710,000 | -24.7% | 0.1% |
| CLEARPATH LENDING | $9,155,000 | $4,655,000 | -49.2% | 0.1% |
| CIVIC FINANCIAL SERVICES, LLC | $89,715,000 | $4,445,000 | -95.0% | 0.1% |
| NexBank | $6,580,000 | $4,140,000 | -37.1% | 0.0% |
| M&T Bank | $4,995,000 | $4,040,000 | -19.1% | 0.0% |
| ZILLOW HOME LOANS, LLC | $965,000 | $3,815,000 | 295.3% | 0.0% |
| Cornerstone First Mortgage, Inc | $3,745,000 | n/a | 0.0% | |
| COMPASS HOME LOANS, LLC | $105,355,000 | $3,385,000 | -96.8% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $4,310,000 | $3,375,000 | -21.7% | 0.0% |
| Bank of Colorado | $3,790,000 | $3,305,000 | -12.8% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $840,000 | $3,285,000 | 291.1% | 0.0% |
| INTERNATIONAL CITY MORTGAGE, INC. | $3,225,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $9,115,000 | $3,135,000 | -65.6% | 0.0% |
| Raymond James Bank | $14,895,000 | $3,085,000 | -79.3% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $39,995,000 | $3,025,000 | -92.4% | 0.0% |
| NuVision Federal Credit Union | $1,315,000 | $3,015,000 | 129.3% | 0.0% |
| Bethpage Federal Credit Union | $580,000 | $2,910,000 | 401.7% | 0.0% |
| GUARANTEED RATE AFFINITY, LLC | $2,840,000 | n/a | 0.0% | |
| Greenbox Loans, Inc. | $405,000 | $2,800,000 | 591.4% | 0.0% |
| The Huntington National Bank | $1,405,000 | $2,750,000 | 95.7% | 0.0% |
| VAL-CHRIS INVESTMENTS, INC. | $535,000 | $2,310,000 | 331.8% | 0.0% |
| Union Federal Savings and Loan Association | $2,285,000 | n/a | 0.0% | |
| Washington Trust Bank | $1,505,000 | $2,230,000 | 48.2% | 0.0% |
| ADVANCIAL | $910,000 | $2,180,000 | 139.6% | 0.0% |
| NBH Bank | $1,955,000 | n/a | 0.0% | |
| EVERETT FINANCIAL, INC. | $4,030,000 | $1,900,000 | -52.9% | 0.0% |
| NMSI, INC. | $1,850,000 | n/a | 0.0% | |
| Umpqua Bank | $7,900,000 | $1,850,000 | -76.6% | 0.0% |
| AHL FUNDING | $1,795,000 | n/a | 0.0% | |
| ANCHOR LOANS, LP | $1,785,000 | n/a | 0.0% | |
| CALIBER HOME LOANS, INC. | $154,220,000 | $1,755,000 | -98.9% | 0.0% |
| Sunflower Bank | $1,600,000 | $1,700,000 | 6.3% | 0.0% |
| Northwest Farm Credit Services, FLCA | $1,655,000 | n/a | 0.0% | |
| Goldman Sachs Bank USA | $31,685,000 | $1,635,000 | -94.8% | 0.0% |
| Exchange Bank | $1,205,000 | $1,605,000 | 33.2% | 0.0% |
| Security National Bank of Omaha | $1,535,000 | n/a | 0.0% | |
| JMJ FINANCIAL GROUP | $1,235,000 | $1,515,000 | 22.7% | 0.0% |
| HILTON FINANCIAL CORPORATION | $2,250,000 | $1,505,000 | -33.1% | 0.0% |
| Wilmington Savings Fund Society, FSB | $2,010,000 | $1,505,000 | -25.1% | 0.0% |
| CALCON MUTUAL MORTGAGE LLC | $1,040,000 | $1,480,000 | 42.3% | 0.0% |
| ALAMEDA MORTGAGE CORPORATION | $1,455,000 | n/a | 0.0% | |
| Bank of England | $1,415,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $2,080,000 | $1,405,000 | -32.5% | 0.0% |
| North American Savings Bank, F.S.B. | $10,760,000 | $1,385,000 | -87.1% | 0.0% |
| LENDINGONE, LLC | $4,200,000 | $1,340,000 | -68.1% | 0.0% |
| STAR ONE CREDIT UNION | $3,405,000 | $1,300,000 | -61.8% | 0.0% |
| ONY GLO, INC. | $1,295,000 | n/a | 0.0% | |
| VILLAGE CAPITAL MORTGAGE | $1,280,000 | n/a | 0.0% | |
| LAKEVIEW LOAN SERVICING, LLC | $1,275,000 | n/a | 0.0% | |
| FOUNDATION MORTGAGE CORPORATION | $1,270,000 | n/a | 0.0% | |
| AXIA FINANCIAL, LLC | $8,555,000 | $1,265,000 | -85.2% | 0.0% |
| OPEN MORTGAGE, LLC | $1,240,000 | n/a | 0.0% | |
| Commercial Lender LLC | $1,230,000 | n/a | 0.0% | |
| RCN Capital, LLC | $1,820,000 | $1,230,000 | -32.4% | 0.0% |
| Community First National Bank | $3,100,000 | $1,185,000 | -61.8% | 0.0% |
| NEW WAVE LENDING GROUP INC | $645,000 | $1,175,000 | 82.2% | 0.0% |
| ALLIANT CREDIT UNION | $1,865,000 | $1,170,000 | -37.3% | 0.0% |
| Farmers Bank & Trust | $275,000 | $1,080,000 | 292.7% | 0.0% |
| SIRVA MORTGAGE, INC. | $1,040,000 | n/a | 0.0% | |
| Citizens Alliance Bank | $1,025,000 | n/a | 0.0% | |
| State Department Federal Credit Union | $975,000 | n/a | 0.0% | |
| Wasatch Peaks Federal Credit Union | $975,000 | n/a | 0.0% | |
| Armed Forces Bank | $1,775,000 | $965,000 | -45.6% | 0.0% |
| AMERICAN FINANCING CORPORATION | $16,015,000 | $960,000 | -94.0% | 0.0% |
| River Bank & Trust | $950,000 | n/a | 0.0% | |
| UNIVERSITY CREDIT UNION | $1,475,000 | $910,000 | -38.3% | 0.0% |
| American Airlines Federal Credit Union | $860,000 | $905,000 | 5.2% | 0.0% |
| Franklin Loan Corporation | $5,635,000 | $895,000 | -84.1% | 0.0% |
| First Western Trust Bank | $3,055,000 | $875,000 | -71.4% | 0.0% |
| First Bank | $885,000 | $870,000 | -1.7% | 0.0% |
| AmeriHome Mortgage Company, LLC | $845,000 | n/a | 0.0% | |
| Citizens Bank | $845,000 | n/a | 0.0% | |
| ALL REVERSE MORTGAGE, INC. | $810,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $205,000 | $800,000 | 290.2% | 0.0% |
| Ixonia Bank | $780,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $8,310,000 | $775,000 | -90.7% | 0.0% |
| GENEVA FINANCIAL, LLC | $3,795,000 | $755,000 | -80.1% | 0.0% |
| OAKTREE FUNDING CORP. | $735,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $1,690,000 | $705,000 | -58.3% | 0.0% |
| LOS ANGELES POLICE Federal Credit Union | $705,000 | n/a | 0.0% | |
| GTE Federal Credit Union | $695,000 | n/a | 0.0% | |
| Merchants Mortgage & Trust Corporation | $695,000 | n/a | 0.0% | |
| Fifth Third Bank | $655,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $4,840,000 | $640,000 | -86.8% | 0.0% |
| WESCOM CENTRAL CREDIT UNION | $745,000 | $630,000 | -15.4% | 0.0% |
| DEEPHAVEN MORTGAGE LLC | $625,000 | n/a | 0.0% | |
| Arvest Bank | $1,235,000 | $615,000 | -50.2% | 0.0% |
| Willamette Valley Bank | $395,000 | $595,000 | 50.6% | 0.0% |
| SUMMIT FUNDING, INC. | $9,700,000 | $590,000 | -93.9% | 0.0% |
| First Federal Bank | $585,000 | n/a | 0.0% | |
| Royal Business Bank | $1,005,000 | $570,000 | -43.3% | 0.0% |
| Alaska USA Federal Credit Union | $555,000 | n/a | 0.0% | |
| CITYWIDE HOME LOANS, LLC | $10,580,000 | $555,000 | -94.8% | 0.0% |
| F&A Federal Credit Union | $555,000 | n/a | 0.0% | |
| CORNERSTONE HOME LENDING, INC. | $545,000 | n/a | 0.0% | |
| Operating Engineers Local Union #3 | $1,865,000 | $545,000 | -70.8% | 0.0% |
| QUORUM FEDERAL CREDIT UNION | $3,365,000 | $545,000 | -83.8% | 0.0% |
| Legence Bank | $525,000 | n/a | 0.0% | |
| ENVOY MORTGAGE, LTD | $17,025,000 | $515,000 | -97.0% | 0.0% |
| CITIZENS EQUITY FIRST | $255,000 | $505,000 | 98.0% | 0.0% |
| EQUITY WAVE LENDING, INC. | $505,000 | n/a | 0.0% | |
| Performance Financial, Inc. | $505,000 | n/a | 0.0% | |
| Presidential Bank, FSB | $1,035,000 | $505,000 | -51.2% | 0.0% |
| Quontic Bank | $11,265,000 | $480,000 | -95.7% | 0.0% |
| Mortgage Bank of California | $8,790,000 | $475,000 | -94.6% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $2,005,000 | $465,000 | -76.8% | 0.0% |
| Farmers Bank and Trust Company | $405,000 | n/a | 0.0% | |
| Ally Bank | $690,000 | $395,000 | -42.8% | 0.0% |
| Figure Lending LLC | $395,000 | n/a | 0.0% | |
| Magnolia Bank | $3,680,000 | $395,000 | -89.3% | 0.0% |
| Goldwater Bank, N.A. | $1,025,000 | $375,000 | -63.4% | 0.0% |
| MATANUSKA VALLEY FEDERAL CREDIT UNION | $690,000 | $370,000 | -46.4% | 0.0% |
| NETWORK CAPITAL FUNDING CORPORATION | $225,000 | $360,000 | 60.0% | 0.0% |
| MORTGAGEONE, INC. | $355,000 | n/a | 0.0% | |
| Colonial Savings, F.A. | $590,000 | $345,000 | -41.5% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $1,765,000 | $345,000 | -80.5% | 0.0% |
| The Loan Store, Inc. | $345,000 | n/a | 0.0% | |
| CIBC Bank USA | $835,000 | $305,000 | -63.5% | 0.0% |
| First Merchants Bank | $955,000 | $285,000 | -70.2% | 0.0% |
| HONDA Federal Credit Union | $285,000 | n/a | 0.0% | |
| LOANPAL, LLC | $1,205,000 | $285,000 | -76.3% | 0.0% |
| Residential First Mortgage | $275,000 | n/a | 0.0% | |
| Pinnacle Bank | $215,000 | n/a | 0.0% | |
| Commerce Bank | $205,000 | n/a | 0.0% | |
| UMB Bank | $1,005,000 | $205,000 | -79.6% | 0.0% |
| AEROSPACE FEDERAL CREDIT UNION | $155,000 | n/a | 0.0% | |
| AMERITRUST MORTGAGE CORPORATION | $155,000 | n/a | 0.0% | |
| BOKF | $155,000 | n/a | 0.0% | |
| First Savings Bank | $2,840,000 | $155,000 | -94.5% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $155,000 | n/a | 0.0% | |
| Secured Investment Corp. | $125,000 | $155,000 | 24.0% | 0.0% |
| TOWER | $685,000 | $145,000 | -78.8% | 0.0% |
| Visio Financial Services Inc. | $4,375,000 | $145,000 | -96.7% | 0.0% |
| PHH Mortgage Corporation | $125,000 | n/a | 0.0% | |
| Elements Financial Federal Credit Union | $115,000 | $105,000 | -8.7% | 0.0% |
| GEORGIA'S OWN | $105,000 | n/a | 0.0% | |
| TEACHERS | $2,830,000 | $105,000 | -96.3% | 0.0% |
| LAFAYETTE FEDERAL CREDIT UNION | $55,000 | n/a | 0.0% |
Hawaii's top lender by overall market share is Bank of Hawaii, with 11.6% market share. In second place, with 8.9%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $781,930,000 in loans. In third place, with 7.2%, is First Hawaiian Bank, having originated $636,260,000 in loans. In fourth place, with 6.2%, is American Savings Bank, FSB, having originated $541,915,000 in loans. In fifth place, with 3.9%, is QUICKEN LOANS, LLC, having originated $343,030,000 in loans.
Hawaii Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 8,621 | $6,161,365,000 | $714,693 |
| Other | 2,223 | $595,195,000 | $267,744 |
| Refi | 2,203 | $959,825,000 | $435,690 |
| Home Improvement | 2,192 | $405,500,000 | $184,991 |
| Cash Out Refi | 1,326 | $673,950,000 | $508,258 |
Hawaii's most frequently cited loan purpose was Home Purchase, with 8,621 originations. The 2nd most popular reason was Other, with 2,223 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 5-6% | 4,553 | $2,598,295,000 | $570,678 |
| 6-7% | 4,372 | $2,779,460,000 | $635,741 |
| 7-8% | 2,849 | $1,347,625,000 | $473,017 |
| 4-5% | 2,204 | $899,500,000 | $408,122 |
| Over 8% | 1,551 | $697,905,000 | $449,971 |
| 3-4% | 696 | $219,330,000 | $315,129 |
| 2.5-3% | 92 | $45,030,000 | $489,457 |
| <2.5% | 85 | $41,385,000 | $486,882 |
During 2023, Hawaii's most frequently originated rate bucket was 5-6%, with 4,553 originations.
Loan Sizing (Hawaii MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 4,559 | $1,324,595,000 | $290,545 |
| $600k-1000k | 3,432 | $2,631,540,000 | $766,766 |
| $400k-600k | 3,130 | $1,511,720,000 | $482,978 |
| $100k-200k | 2,462 | $347,910,000 | $141,312 |
| $100,000 or less | 1,541 | $98,685,000 | $64,040 |
| $Over $1MM | 1,441 | $2,881,385,000 | $1,999,573 |
Hawaii's loan sizing saw the bucket of loans from $200k-400k with 4,559 originations, totaling $1,324,595,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| Under 20% | 3,687 | $498,045,000 | $135,081 |
| 80-100% | 3,620 | $2,417,420,000 | $667,796 |
| 60-80% | 3,495 | $2,525,115,000 | $722,494 |
| 20-40% | 2,720 | $983,510,000 | $361,585 |
| 40-60% | 1,930 | $1,192,690,000 | $617,974 |
| Over 100% | 845 | $849,385,000 | $1,005,189 |
Hawaii's loan sizing saw loans grouped in the Under 20% Loan-to-value bucket with 3,687 originations, totaling $498,045,000 in origination value.