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Over 1.4 million people call tropical Hawaii home, with about 58% of residents owning their own property. The typical value of a home in Hawaii as of January 2021 is $667,005, with an average monthly owner cost of $2,418, which includes loan payments, taxes, insurance and utilities.
According to Zillow, home prices in the Aloha State have gone up 3% over the past year and are expected to rise 9.3% over the next 12 months. So, whether you’re a first-time homebuyer, an investor or a retiree, our best 7 lenders in Hawaii can help you reach your homebuying goals.
We chose these lenders out of 46 companies that reported originating loans in Hawaii based on a range of important criteria, including:
We also looked at hundreds of customer reviews from consumer sites like Zillow and the Better Business Bureau in making our recommendations. To learn about our mortgage company selection process, please see Finder’s rating methodology.
Best for refinancing
Loan types | Conventional, Jumbo, FHA, VA, USDA, Home Equity, Refinance |
---|---|
Minimum credit score | Conventional: 620
FHA: 580 VA: 620 |
Minimum down payment | 3.5% |
States available | Available in all states |
Fees | Expect to pay about 2% to 5% of your home’s total price in fees, including origination, application, underwriting and third-party fees. |
Best marketplace
Want help finding the best home loan in Hawaii? Enter LendingTree.
LendingTree is a free third-party service that searches and matches the best lenders for you from its database of over 1,500 partners. All you need to do is sign up with LendingTree and provide some basic information about your homebuying goals and credit score, and you’ll start receiving competitive offers.
Loan types | Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance |
---|---|
Minimum credit score | Conventional: 620
FHA: 500 VA: 620 USDA: 640 Jumbo: 800 |
Minimum down payment | 3% |
States available | Available in all states |
Fees | Expect to pay about 2% to 5% of your home’s total price in fees, including application, origination and third-party fees. |
Best online experience
If you’re looking for a lender with a well-designed website and excellent customer service, Guaranteed Rate could fit the bill. The company features an intuitive website and a fast, 15-minute online application process.
Whether you’re buying a home or refinancing, simply fill out the online application to view your loan options and rates. If at any point you need assistance, you can call the company for help.
Loan types | Conventional, Jumbo, FHA, VA, USDA, Home Equity/HELOC, Refinance |
---|---|
Minimum credit score | Conventional: 620
Other mortgages: As low as 580, depending on type |
Minimum down payment | 3% |
States available | Available in all states |
Fees | Expect to pay about 2% to 5% of your home’s total price in fees, including origination, application, underwriting and third-party fees. |
Best regional lender
Would you prefer a Hawaii-based lender with local branches? Since 1925, American Savings Bank (ASB) has been serving Hawaii’s communities and offers a full range of financial products, including home loans, first-time homebuyer programs and HELOCs. It also lists its current mortgage rates online.
ASB has e-banking services and branch locations throughout Hawaii with extended evening, weekend and holiday hours — offering more convenience and flexibility than other similarly sized banks in the state.
Loan types | Conventional, Jumbo, FHA, VA, USDA, Home Equity/HELOC, Refinance |
---|---|
Minimum credit score | Conventional: 620 |
Minimum down payment | 3% |
States available | Only available in: HI |
Fees | Expect to pay about 2% to 5% of your home’s total price in fees, including origination, application, underwriting and third-party fees. |
Most popular
Loan types | Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance |
---|---|
Minimum credit score | Conventional: 620 |
Minimum down payment | 3% |
States available | Only available in: HI |
Fees | Expect to pay about 2% to 5% of your home’s total price in fees, including origination, application, underwriting and third-party fees. |
Best for first-time homebuyers
Loan types | Conventional, Jumbo, FHA, VA, USDA, Home Equity/HELOC, Refinance |
---|---|
Minimum credit score | Conventional: 620 |
Minimum down payment | 3% |
States available | Only available in: CA, HI, OR, WA |
Fees | Expect to pay about 2% to 5% of your home’s total price in fees, including origination, application, underwriting and third-party fees. |
Best for customer service
Loan types | Conventional, Home Equity/HELOC, Refinance |
---|---|
Minimum credit score | Conventional: 620 |
Minimum down payment | 3% |
States available | Only available in: HI |
Fees | Expect to pay about 2% to 5% of your home’s total price in fees, including origination, application, underwriting and third-party fees. |
Are you wondering how to pick the best mortgage company in Hawaii? Here are some tips to narrow your search:
As of January 7, 2020, the benchmark 30-year fixed mortgage rate in the US is 2.85% and the 15-year fixed rate is 2.49%. Most Hawaii lenders are offering interest rates around 2.75%, with rates ranging from 2.125% to 4.25%, according to data from the Consumer Financial Protection Bureau (CFPB).
Additionally, average mortgage closing costs in Hawaii is $6,746 after taxes, or approximately 0.96% to 1.12% of a home’s sales price, based on data from ClosingCorp. Research mortgage rates in Hawaii or view Hawaii closing costs for more details on what you can expect to pay.
Besides LendingTree and Home Point Financial, this list of the top seven Hawaii lenders are companies that underwrite mortgages directly to borrowers. But if you don’t want to research lenders yourself or you want a loan through a mortgage wholesaling company instead, a mortgage broker may be the right choice for you.
You’ll have to pay about .5% to 2% of your loan’s value to use a mortgage broker, but watch out for unnecessary or excessive fees. Take the time to research brokers, ask what their fees are and read online reviews.
If you’re after the best loan in Hawaii, we’re here to help. Regardless of your lifestyle, credit score and finances, there are a wide range of lenders and mortgages to choose from. While these seven Hawaii lenders will be perfect for many borrowers, feel free to compare more lenders in Hawaii to find the right fit.
★★★★★ — Excellent
★★★★★ — Good
★★★★★ — Average
★★★★★ — Subpar
★★★★★ — Poor
We analyze top home loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, product selection and borrower experience.
Read the full methodology of how we rate home loan providers.
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