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Thursday, December 15, 2022

Prime Mortgage Lenders in Hawaii


As we speak we’ll take a look at the highest mortgage lenders in Hawaii based mostly on whole mortgage quantity.

These corporations closed probably the most residence loans in The Aloha State final yr, beating out practically 300 others that do enterprise there.

Normally, there are fewer mortgage corporations working within the state of Hawaii, so that you are inclined to see solely the larger family names together with native banks and credit score unions.

Nonetheless, one firm managed to originate much more than the competitors, making them the go-to spot for a mortgage in Hawaii.

Learn on to see which financial institution or mortgage firm ranked #1 in Hawaii.

Prime Mortgage Lenders in Hawaii (General)

Rating Firm Title 2021 Mortgage Quantity
1. Financial institution of Hawaii $3.0 billion
2. loanDepot $2.0 billion
3. First Hawaiian Financial institution $1.9 billion
4. Freedom Mortgage $1.8 billion
5. American Financial savings Financial institution (HI) $1.6 billion
6. Rocket Mortgage $1.4 billion
7. UWM $1.4 billion
8. Central Pacific Financial institution (HI) $1.3 billion
9. Assured Fee $1.2 billion
10. Homepoint $1.0 billion

Coming in first was Honolulu’s personal Financial institution of Hawaii, which funded $3 billion in mortgages throughout 2021, per Richey Could.

That was a full billion greater than second place SoCal-based loanDepot, which originated a decent $2 billion there.

In third was one other Hawaiian establishment, First Hawaiian Financial institution, additionally Honolulu based mostly, with an in depth $1.9 billion.

Taking the fourth spot was Boca Raton, Florida-based Freedom Mortgage with $1.8 billion, adopted by Honolulu-based American Financial savings Financial institution (HI) with $1.6 billion.

Others touchdown within the high 10 included Rocket Mortgage, United Wholesale Mortgage, Central Pacific Financial institution (HI), Assured Fee, and Homepoint.

In whole, 4 of the highest 10 mortgage lenders in Hawaii are based mostly out of Honolulu. Not shocking as native names are inclined to do probably the most enterprise there.

Prime Hawaii Mortgage Lenders (for Residence Consumers)

Rating Firm Title 2021 Mortgage Quantity
1. Financial institution of Hawaii $881 million
2. Assured Fee $698 million
3. First Hawaiian Financial institution $672 million
4. American Pacific Mortgage $616 million
5. loanDepot $577 million
6. UWM $547 million
7. American Financial savings Financial institution $530 million
8. Central Pacific Financial institution $488 million
9. Freedom Mortgage $435 million
10. Wells Fargo $375 million

When trying solely at residence buy lending, Financial institution of Hawaii stays the chief with $881 billion funded.

In second was Chicago-based Assured Fee with an in depth $698 million, adopted by First Hawaiian Financial institution with $672 million.

Taking fourth was Roseville, CA-based American Pacific Mortgage with $616 million, trailed by loanDepot with $577 million.

The remainder of the very best included UWM, American Financial savings Financial institution (HI), Central Pacific Financial institution, Freedom Mortgage, and at last Wells Fargo.

Which means half of the highest 10 residence buy lenders within the state of Hawaii are based mostly in Hawaii.

Prime Refinance Lenders in Hawaii (for Present Householders)

Rating Firm Title 2021 Mortgage Quantity
1. Financial institution of Hawaii $2.0 billion
2. loanDepot $1.4 billion
3. Freedom Mortgage $1.4 billion
4. Rocket Mortgage $1.2 billion
5. First Hawaiian Financial institution $1.0 billion
6. American Financial savings Financial institution $967 million
7. UWM $814 million
8. Homepoint $770 million
9. Central Pacific Financial institution $751 million
10. Pennymac $602 million

If we’re speaking mortgage refinances solely, that are reserved for present owners, Financial institution of Hawaii tops the listing with $2 billion funded.

They have been adopted by loanDepot with $1.4 billion in refis funded, and Freedom Mortgage with an analogous quantity.

Rocket Mortgage took fourth with $1.2 billion, and First Hawaiian Financial institution fifth with $1.0 billion in mortgage origination quantity.

American Financial savings Financial institution (HI), UWM, Homepoint, Central Pacific Financial institution, and Pennymac made up the remainder of the highest 10.

For refis, 4 of the highest 10 have been Hawaii-based, much like the general whole.

The Finest Hawaii Mortgage Lenders

We’ve mentioned the most important mortgage lenders in Hawaii. Now let’s discuss high rated based mostly on buyer evaluations.

I usually flip to Zillow for buyer evaluations as they’re totally mortgage-centric, even for banks and credit score unions that supply different non-mortgage merchandise.

So far as mortgage corporations are involved, Component Mortgage Hawaii (dba of American Pacific Mortgage) had probably the most evaluations and a 4.94/5 ranking.

Then there’s Ohana First Mortgage with 184 evaluations and 4.99/5 ranking, Hawaii Mortgage Firm, Inc.’s 4.93/5 ranking from 176 evaluations, and Good Cash Inc.’s good rating (5/5) from 161 evaluations.

A few of these corporations function as mortgage brokers, which permits them to associate with wholesale lenders and store in your behalf.

The large corporations even have evaluations on Zillow, together with loanDepot (4.9/5), Freedom Mortgage (4.85/5), Rocket Mortgage (4.48/5), Assured Fee (4.96/5), and Homepoint (4.89/5).

To sum issues up, there are plenty of good lender choices within the state of Hawaii, together with huge family names, native Hawaiian corporations, and native particular person mortgage brokers. Make sure to discover all of them.

(picture: Pedro Szekely)

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