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7 best mortgage lenders in Hawaii

We researched 46 lenders to give you our top picks for low rates, first-time homebuyer programs, great customer service and more.

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.

What are the best mortgage lenders in Hawaii?

How we picked the best lenders

We chose these lenders out of 46 companies that reported originating loans in Hawaii based on a range of important criteria, including:

  • Cost and fees
  • Interest rates
  • First-time homebuyer programs
  • Credit score flexibility
  • Customer service

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

LoanDepot

Finder rating 3 / 5 ★★★★★

Founded in 2010, LoanDepot is one of the country’s largest nontraditional lenders. The main LoanDepot difference is its proprietary “mello software” platform — it handles every step of the loan process electronically, right from application to closing. The company offers a range of refinance products, including a high limit $2-million Jumbo loan and programs for refinancers with less-than-perfect credit.

Best marketplace

LendingTree

See rates
on LendingTree's secure website

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.

Best online experience

Guaranteed Rate

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.

Best regional lender

American Savings Bank

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.

Bank of Hawaii

Bank of Hawaii has been servicing customers since 1897 and is rated one of America’s safest banks by Moody’s Investors Service. Bank of Hawaii offers a wide range of home loan options, including first-time homebuyer programs, refinance loans and construction loans with current interest rates listed. It also has the most ATMs and branches of any bank in Hawaii, making it a convenient choice for mortgage customers who want in-person service.

Best for first-time homebuyers

HomeStreet Bank

Since 1921, HomeStreet Bank has been offering a range of financial products and home loans on the West Coast and Hawaii. The highly rated bank is one of the top lending partners we found for first-time homebuyers in the state, offering a bigger selection of construction, first-time homebuyer and down payment assistance programs than most lenders, including the Section 184A Native Hawaiian Housing Loan Guarantee Program.

Best for customer service

HFS Federal Credit Union

Founded in 1937, HFS Federal Credit Union is Hawaii’s largest credit union and aims to provide friendly service in an efficient and personal manner. The credit union has a useful range of home loan options, including first and second mortgages, HELOCs, vacant land and solar water heating loans. HFS Federal Credit Union’s stated mission is to ensure that the values of ‘Ohana (family), Kūpono (honesty) and Kuleana (responsibility) underlies all its operations.

How do I choose the best lender for me?

Are you wondering how to pick the best mortgage company in Hawaii? Here are some tips to narrow your search:

  • Consider your goals. Every lender is different and caters to different needs. While one lender may have stringent credit requirements, another may be willing to work with lower credit scores and low or no down payments.
  • Read online reviews. Online reviews are a great source of information. Customers are more than willing to provide their honest opinions about their experiences, including negative ones.
  • Interview your lender. Ask your lender the following questions:
      • What fees and APR am I paying?
      • How can I make my payments?
      • Will my loan be sold after closing?
      • Are there prepayment penalties?
      • Can I lock in my rate?
  • Weigh all factors. Look at everything the lender is offering, including interest rates, fees, loan payment flexibility and customer service.

Compare mortgage lenders

Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.

Name Product Loan products offered State availability Min. credit score
SoFi
(NMLS #1121636)
SoFi
Conventional, Home equity, Refinance
Not available in: HI, MO, NM, NY, WV
620
No hidden fees, multiple loan terms, and member discounts available.
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
LendingTree
(NMLS #1136)
LendingTree
Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance
Available in all states
620
Connect with vetted home loan lenders quickly through this online marketplace.
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Compare up to 4 providers

Average rates and fees in Hawaii

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.

What about brokers?

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.

Bottom line

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.

Home loans ratings

★★★★★ — 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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