7 best mortgage lenders in Hawaii

• Pros and cons

  Pros

  • Unbiased advice. LoanDepot holds its loan officers to a no steering policy, which means they're expected to provide impartial guidance when helping you find a loan.
  • No prepayment fee. With LoanDepot, you can pay off your loan early without fees or penalties.
  • Excellent customer ratings. LoanDepot has a 5 out of 5 rating on Zillow, where customers report being very happy with the service provided.

  Cons

  • High origination fees. Customers can expect to pay as much as 5% of the total loan amount in origination fees.
  • No home equity products. If you're after a HELOC or home equity loan, you'll have to look elsewhere.
  • Mortgage rates not advertised. With LoanDepot, you're required to go through the preapproval process to see your available rates.

• More details

  Loan products offered	Conventional, Jumbo, FHA, VA, USDA, Refinance
  Minimum credit score	Conventional: 620 FHA: 580 VA: 620
  Minimum down payment (Conventional)	3.5%
  State availability	Available in all states
  NMLS #	174457

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.

• Pros and cons

  Pros

  • Won't lower your credit score. You'll need to give LendingTree permission to pull your credit score, but it won't affect your credit rating.
  • Competitive loan offers. Because LendingTree works with multiple lenders, you may get more competitive offers than if you searched on your own.
  • Keeps tabs on rates. LendingTree automatically searches for the lowest rates and notifies you when a better rate comes up.

  Cons

  • You may receive multiple calls. You may be inundated with phone calls and emails after signing up with the service.
  • Your information is shared. Your contact information will be sent to various companies after signing up with LendingTree.

• More details

  Loan products offered	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 (Conventional)	3%
  State availability	Available in all states
  NMLS #	1136

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.

• Pros and cons

  Pros

  • Intuitive website. Unlike traditional lenders, Guaranteed Rate's website and application is built for a straightforward digital experience across devices.
  • Mobile app available. Allows you to apply for a home loan from anywhere and compare loan rates and payments.
  • Good reviews. The company has a 4.96 out of 5-star rating on Zillow, with customers reporting excellent service.

  Cons

  • Doesn't list rates. The website doesn't list rates, so you'll have to fill out the application or call to get your interest rate options.
  • Loans are sold. Because Guaranteed Rate is a correspondent lender, your loan will be sold after closing.

• More details

  Loan products offered	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 (Conventional)	3%
  State availability	Available in all states
  NMLS #	2610

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.

• Pros and cons

  Pros

  • Intuitive website. The ASB bank website is well-designed and straightforward to use for most mortgage customers.
  • Multiple loan officers. ASB has several home loan officers to choose from on Oahu, Maui, Hawaii and Kauai.
  • Rates available online. Unlike many lenders, ASB advertises its current mortgage rates on its website.

  Cons

  • Mixed reviews. The bank has a 3.5- out of 5-star review on Yelp, with most complaints centering on customer service issues.
  • Fees not listed. While ASB lists its mortgage rates online, it doesn't list its mortgage fees or closing costs.

• More details

  Loan products offered	Conventional, Jumbo, FHA, VA, USDA, Home Equity/HELOC, Refinance
  Minimum credit score	Conventional: 620
  Minimum down payment (Conventional)	3%
  State availability	Only available in: HI

• Pros and cons

  Pros

  • Periodic promotions. As of January 15 2021, Bank of Hawaii will take 0.50% off closing costs on new mortgages or refinances from another bank through March 31, 2021. Contact the bank for its current or upcoming promotions.
  • Compare rates online. Unlike other lenders, Bank of Hawaii makes it easy to view current mortgage rates on its website.
  • SimpliFi Mortgage. Bank of Hawaii's SimpliFi Mortgage process allows you to electronically apply for a mortgage while keeping track of your progress.

  Cons

  • Fees not listed. Bank of Hawaii doesn't list its mortgage fees and closing costs online.
  • Mixed reviews. While Bank of Hawaii has a respectable 4.5 out of 5 rating on Wallethub, some customers complain of poor service.

• More details

  Loan products offered	Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance
  Minimum credit score	Conventional: 620
  Minimum down payment (Conventional)	3%
  State availability	Only available in: HI

• Pros and cons

  Pros

  • Excellent reviews. HomeStreet Bank has a 5 out of 5 rating on Zillow from over 2,500 customers, who report being thrilled with the service provided.
  • First-time homebuyer help. HomeStreet Bank offers a range of online educational materials for first-time homebuyers.
  • 184A Native Hawaiian Housing Loan Guarantee Program. Provides access to private financing on Hawaiian home lands and permits HUD to guarantee 100% of the unpaid principal and interest.

  Cons

  • Doesn't list interest rates. While informative, the HomeStreet Bank website doesn't list current interest rates.
  • Limited loan offices. The bank only has loan officers in three cities in Hawaii.

• More details

  Loan products offered	Conventional, Jumbo, FHA, VA, USDA, HELOC, Refinance
  Minimum credit score	Conventional: 620
  Minimum down payment (Conventional)	3%
  State availability	Only available in: CA, HI, OR, WA
  NMLS #	417396

• Pros and cons

  Pros

  • Offers an inclusive membership. Anyone who lives or works on the island of Hawaii can become a member of the credit union.
  • Intuitive website. HFS's website is clear and straightforward to navigate, enabling you to quickly find information about specific loan types and calculate payments.
  • Interest rates available. Interest rates for certain types of loans are available online.

  Cons

  • Hawaii only. The credit union only has branches on the island of Hawaii.
  • High employee turnover. Some customer reviews complain of employees frequently leaving the company, which may lead to lower quality customer service.

• More details

  Loan products offered	Conventional, Home Equity/HELOC, Refinance
  Minimum credit score	Conventional: 620
  Minimum down payment (Conventional)	3%
  State availability	Only available in: HI