Hawaii State Federal Credit Union Mortgage Interest Rate and Cost Review

Is Hawaii State Federal Credit Union a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by Hawaii State Federal Credit Union with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratelower than average (-0.12%)
Loan Related Closing Costshigher than average (+$957)
National Rate and Closing Cost Rating(4.0)
Websitehttps://www.hawaiistatefcu.com

On average, Hawaii State Federal Credit Union’s interest rates were lower than those of other lenders (-0.12%) for a comparable set of borrowers. Its average total loan related closing cost was higher than those of other lenders, with a difference of +$957. Overall, combining interest rates and closing costs we estimate that Hawaii State Federal Credit Union tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

Hawaii State Federal Credit Union’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track Hawaii State Federal Credit Union was most active in Urban Honolulu, HI.

You can click through to check out Hawaii State Federal Credit Union’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

Hawaii State Federal Credit Union’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, Hawaii State Federal Credit Union originated Conforming, Jumbo and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

Purchase/Refinance:
New Purchase MortgagesConformingJumboVA
Interest Rate Difference-0.12%+0.01%+0.00%
Loan Related Closing Cost Difference+$549+$149+$263
Cost Adjusted Rate Difference-0.10%+0.02%+0.01%
Star Rating(4.0)(3.5)(3.5)
Refinance MortgagesConformingJumboVA
Interest Rate Difference-0.13%+0.00%+0.01%
Loan Related Closing Cost Difference+$1261+$117+$41
Cost Adjusted Rate Difference-0.09%+0.01%+0.01%
Star Rating(4.0)(3.5)(3.5)

As a summary, Hawaii State Federal Credit Union is cheap for Conforming purchase mortgages. It is similar to other lenders for Jumbo and VA purchase mortgages. For refinancing, Hawaii State Federal Credit Union is cheap for Conforming mortgage refinance. It is similar to other lenders for Jumbo and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about Hawaii State Federal Credit Union:

Registered name: Hawaii State Federal Credit Union
Registered city and state: Honolulu, HI, 96813
Regulator: National Credit Union Administration (NCUA)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for Hawaii State Federal Credit Union’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.