Hawaii mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Hawaii's 5 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 7,576 home-purchase mortgages for owner-occupied, single-family homes in Hawaii. The median buyer borrowed $585,000 on a home valued at $735,000 and reported a household income of $157,000.
Buyers financed a median 84.2% of the home's value (roughly 15.8% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $9,790.
Lenders denied 10.1% of completed home-purchase applications.
Key facts
- Home buyers' median income ($157,000) is 35% higher than the U.S. median ($116,000).
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($9,790) were 76% higher than the U.S. median ($5,570).
- FHA loans made up 7.4% of purchase mortgages, versus 21.1% nationally.
- VA loans were unusually common: 27.3% of purchase mortgages.
- 48.5% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 25–34 (30.6% of purchase loans).
- 45.9% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (36.3% of denials with a stated reason).
Conforming limits in Hawaii range from $1,249,125 to $1,299,500 for a one-unit home in 2026. See every Hawaii county's 2026 FHA and conforming loan limits.
Hawaii counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Hawaii County | 1,186 | $445,000 | $130,000 | 10.8% | 6.750% | $8,540 | 10.4% | $586,500 |
| Honolulu County | 5,547 | $595,000 | $158,000 | 16.0% | 6.500% | $9,970 | 10.0% | $828,000 |
| Kalawao County | 0 | — | — | — | — | — | — | $1,299,500 |
| Kauai County | 272 | $755,000 | $184,000 | 20.0% | 6.625% | $11,310 | 10.6% | $1,110,900 |
| Maui County | 570 | $775,000 | $193,000 | 20.0% | 6.625% | $10,570 | 9.6% | $1,299,500 |
Who bought homes in Hawaii
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Hawaii
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Hawaii | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 6.125% | 6.250% |
| 30-year fixed rate · VA | 6.000% | 6.125% |
| 15-year fixed rate · conventional | 5.625% | 5.875% |
| Rate spread vs. APOR · conventional | +0.07 pts | +0.13 pts |
| Total loan costs · conventional | $9,790 | $5,570 |
| Total loan costs · FHA | $17,420 | $11,310 |
| Total loan costs · VA | $12,630 | $6,490 |
| Origination charges (all loan types) | $3,540 | $1,860 |
| Borrowers paying discount points | 60.1% | 51.3% |
| Points paid, when paid (% of loan) | 0.96% | 0.87% |
| Borrowers receiving lender credits | 40.9% | 33.1% |
| Adjustable-rate mortgages | 11.1% | 7.4% |
| Jumbo loans (above conforming limit) | 6.4% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Hawaii: 871 of 8,637 completed home-purchase applications were denied (10.1%).
Denial rate
| Application | Hawaii | U.S. |
|---|---|---|
| Home purchase | 10.1% | 8.5% |
| Conventional | 10.2% | 7.1% |
| FHA | 18.1% | 12.5% |
| VA | 7.2% | 8.0% |
| USDA | 14.9% | 12.5% |
| Refinance | 16.5% | 17.9% |
| Cash-out refinance | 38.3% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Hawaii
Top mortgage lenders in Hawaii
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 1,154 | 11.4% | 9.3% | 6.624% | +0.13 | $10,140 |
| 2 | Rocket Mortgage, LLC | 743 | 7.3% | 14.7% | 6.625% | +0.12 | $7,970 |
| 3 | Bank of Hawaii | 646 | 6.4% | 3.9% | 6.250% | −0.01 | $12,050 |
| 4 | American Savings Bank, FSB | 599 | 5.9% | 4.2% | 6.125% | −0.16 | $9,960 |
| 5 | Freedom Mortgage Corporation | 508 | 5.0% | 12.8% | 6.625% | +0.13 | $9,080 |
| 6 | Veterans United Home Loans | 364 | 3.6% | 2.6% | — | — | — |
| 7 | Pennymac Loan Services, LLC | 349 | 3.4% | 12.8% | 6.624% | +0.19 | $8,100 |
| 8 | Rate | 345 | 3.4% | 5.7% | 6.600% | +0.19 | $7,680 |
| 9 | CMG Mortgage, Inc. | 323 | 3.2% | 2.6% | 6.625% | +0.21 | $10,640 |
| 10 | Newrez LLC | 312 | 3.1% | 6.0% | 6.625% | +0.15 | $8,220 |
| 11 | Central Pacific Bank | 298 | 2.9% | 17.9% | 6.500% | +0.02 | $7,800 |
| 12 | First Hawaiian Bank | 296 | 2.9% | 7.3% | 6.500% | +0.00 | $12,960 |
| 13 | Guild Mortgage Company | 255 | 2.5% | 7.4% | 6.625% | +0.26 | $10,760 |
| 14 | DHI Mortgage Company, Ltd. | 254 | 2.5% | 12.0% | 5.990% | −0.64 | $4,380 |
| 15 | loanDepot.com, LLC | 197 | 1.9% | 9.3% | 6.575% | +0.22 | $13,210 |
| 16 | The Loan Store, Inc. | 189 | 1.9% | 5.9% | 6.490% | +0.10 | $6,050 |
| 17 | NFM, Inc. | 180 | 1.8% | 1.1% | 6.990% | +0.69 | $9,030 |
| 18 | Hawaii State Federal Credit Union | 131 | 1.3% | 6.5% | 6.125% | +0.03 | $10,790 |
| 19 | Hawaiiusa Federal Credit Union | 126 | 1.2% | 4.0% | 5.875% | −0.57 | $9,380 |
| 20 | Kind Lending, LLC | 119 | 1.2% | 26.7% | 6.750% | +0.27 | $10,330 |
| 21 | Ameris Bank | 116 | 1.1% | 4.3% | 6.490% | −0.01 | $6,990 |
| 22 | Navy Federal Credit Union | 103 | 1.0% | 23.1% | 6.750% | −0.09 | $5,600 |
| 23 | University of Hawaii Federal Credit Union | 92 | 0.9% | 6.7% | 5.750% | −0.66 | $12,740 |
| 24 | Securitynational Mortgage Company | 87 | 0.9% | 18.7% | 6.990% | +0.78 | $22,310 |
| 25 | Paramount Residential Mortgage Group, Inc. | 86 | 0.9% | 1.3% | 6.750% | +0.51 | $9,560 |
Largest lenders in Hawaii by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Hawaii
- Urban Honolulu, HI · 5,547 purchases
- Kahului-Wailuku, HI · 570 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology