Hawaii mortgage lenders: applications, originations, denial rate and counties, 2024

States › Hawaii

HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Record year 2024.

Hawaii had 30,298 HMDA-reported mortgage applications and 16,137 originations ($9.3bn) in 2024, from 111 lenders with at least 25 applications in the state.

The statewide denial rate was 29.7% (national 24.3%) and the median rate spread 0.0 percentage points (national 0.3). Originations ran at 32.8 per 1,000 households, against 48.0 nationally.

Originations in the state went from 30,115 in 2018 to 16,137 in 2024; the denial rate moved from 23.7% to 29.7%.

The most active lenders by originations were United Wholesale Mortgage (1,315), First Hawaiian Bank (1,256) and Bank of Hawaii (1,212).

30,298applications, 2024

16,137loans originated$9.3bn

29.7%denial rateUS 24.3%

32.8originations per 1,000 householdsUS 48.0

Most active lenders in Hawaii

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	United Wholesale Mortgage	1,783	1,315	$895m	13.5%	-0.2
2	First Hawaiian Bank	2,271	1,256	$546m	28.9%	0.0
3	Bank of Hawaii	2,714	1,212	$649m	44.1%	-0.2
4	American Savings Bank	1,877	993	$444m	40.5%	-0.3
5	Rocket Mortgage	1,378	979	$486m	22.0%	0.2
6	Freedom Mortgage Corporation	1,075	725	$493m	9.0%	-0.4
7	Hawaii State Federal Credit Union	1,084	659	$180m	31.0%	-0.0
8	Central Pacific Bank	1,068	487	$213m	43.1%	0.0
9	CMG Mortgage Inc	687	445	$275m	7.0%	0.1
10	Guaranteed Rate, Inc.	714	443	$316m	8.5%	0.1
11	Hawaiiusa FCU	1,116	417	$112m	46.1%	-0.2
12	Navy Federal Credit Union	1,019	340	$113m	46.6%	0.9
13	Guild Mortgage Company	513	331	$195m	8.0%	0.3
14	Mortgage Research Center	564	292	$167m	23.6%	-0.4
15	Loandepot.com, LLC	426	278	$156m	22.4%	0.2
16	Newrez LLC	576	249	$174m	32.6%	0.1
17	Pennymac Loan Services LLC	493	247	$160m	28.3%	0.2
18	DHI Mortgage Company, LTD.	220	182	$159m	5.7%	-1.1
19	Citadel Servicing Corporation	264	176	$123m	5.9%	1.7
20	V.I.P. Mortgage, Inc.	259	174	$91m	4.4%	0.4
21	Kind Lending, LLC	273	167	$115m	33.2%	0.2
22	Hawaiian Financial Federal Credit Union	156	145	$79m	5.8%	0.2
23	Conventus Lending LLC	193	143	$85m	2.1%	—
24	NFM, Inc	171	141	$63m	0.7%	0.8
25	Aloha Pacific Federal Credit Union	257	132	$23m	34.0%	-0.9
26	The Loan Store, Inc	263	130	$65m	21.7%	0.5
27	Fairway Independent Mort Corp	191	129	$76m	13.2%	0.2
28	Securitynational Mortgage Company	207	115	$60m	20.1%	0.7
29	Hickam Federal Credit Union	253	110	$19m	41.2%	—
30	HomeXpress Mortgage Corp.	201	109	$73m	43.9%	1.3
31	Territorial Savings Bank	146	107	$58m	10.7%	-0.3
32	Crosscountry Mortgage, LLC	191	102	$72m	6.3%	0.2
33	Northpointe Bank	137	100	$73m	1.0%	0.4
34	Plaza Home Mortgage, Inc	146	95	$48m	25.4%	0.3
35	Nexera Holding LLC	128	83	$63m	8.7%	1.2
36	Paramount Residential Mortgage	146	82	$50m	4.7%	0.3
37	Nationstar Mortgage	164	74	$28m	36.6%	0.8
38	American Pacific Mortgage Corporation	101	73	$41m	9.8%	0.2
39	Canopy Mortgage, LLC	114	69	$42m	5.4%	0.2
40	Ameris Bank	88	67	$42m	6.8%	-0.2
41	JPMorgan Chase Bank, NA	138	65	$107m	32.3%	-0.1
42	Primary Residential Mortgage, INC.	79	63	$39m	0.0%	-0.1
43	Morgan Stanley Private Bank NA	83	62	$94m	5.6%	-0.5
44	Us Bank, N.A.	142	60	$55m	47.0%	0.3
45	Temple View Capital Funding LP	94	60	$37m	15.8%	—
46	HomeBridge Financial Services, Inc	110	59	$27m	32.6%	0.3
47	Plains Commerce Bank	107	59	$37m	10.6%	-0.2
48	Amerisave Mortgage Company	523	58	$10m	87.0%	3.9
49	Lendsure Mortgage Corp.	75	58	$37m	1.7%	1.4
50	Finance of America Reverse LLC	75	54	$33m	12.9%	—
51	Bank of America NA	195	52	$88m	60.0%	-0.2
52	Discover Bank	632	51	$6.3m	87.3%	1.9
53	Carrington Mortgage Services L	175	51	$31m	45.9%	0.2
54	Hightechlending, Inc	86	51	$34m	6.8%	0.3
55	Finance Factors, Ltd	86	51	$37m	18.8%	—
56	Pacific Home Loans, Inc.	62	47	$34m	6.0%	0.2
57	Land Home Financial Services,	62	47	$30m	2.0%	-0.4
58	Wells Fargo Bank NA	128	46	$48m	39.5%	-0.1
59	Pentagon Federal Credit Unioin	157	42	$15m	62.1%	0.8
60	University of Hawaii Federal Credit Union	56	41	$23m	10.9%	-1.0

Top 60 of 111 lenders with at least 25 applications in the state, by originations. 51 lenders have 100 or more applications here and link to a state-specific page.

Compared with the nation

Measure	Hawaii	United States
Denial rate	29.7%	24.3%
Median rate spread, pp	0.0	0.3
Originations with spread of 1.5 pp or more	7.7%	15.6%
Average originated loan	$576k	$329k
Originations per 1,000 households	32.8	48.0
Home purchase share of originations	55.6%	57.0%
FHA-insured share	4.3%	13.4%
VA-guaranteed share	17.4%	7.9%

Trend, 2018–2024

ApplicationsOriginations

Applications and originations in Hawaii by year

HawaiiUnited States

Denial rate by year, US dashed

FHA share of originationsVA share

FHA-insured and VA-guaranteed shares of originations in Hawaii by year

Year	Applications	Originations	Amount	Denial rate	FHA	VA	Refinance share
2018	48,880	30,115	$12bn	23.7%	3.8%	11.9%	34.4%
2019	57,823	36,650	$17bn	20.4%	3.9%	17.7%	47.1%
2020	89,320	58,837	$28bn	15.0%	2.5%	22.3%	69.8%
2021	94,821	61,993	$31bn	16.1%	2.3%	16.1%	62.1%
2022	54,357	32,690	$17bn	24.1%	2.8%	10.3%	34.8%
2023	30,066	16,631	$8.8bn	28.9%	4.0%	12.9%	21.3%
2024	30,298	16,137	$9.3bn	29.7%	4.3%	17.4%	25.7%

Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).

Loan purpose and loan type, 2024

By purpose

Home purchase 56% (8,980)Home improvement 9% (1,379)Refinancing 15% (2,436)Cash-out refinancing 11% (1,715)Other purpose 10% (1,616)

By type

Conventional 78% (12,616)FHA 4% (689)VA 17% (2,807)USDA 0% (25)

Counties

County	Applications	Originations	Per 1,000 households	Denial rate	Median spread	Lenders
Honolulu County	19,951	10,749	31.7	28.9%	-0.1	75
Hawaii County	5,207	2,769	37.4	29.9%	0.2	45
Maui County	3,538	1,795	32.1	32.9%	0.1	29
Kauai County	1,531	789	33.4	31.7%	0.2	15

By originations. Lenders: those with at least 25 applications in the county.

VA-guaranteed loans by month

VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Hawaii originations by year is charted above from HMDA.

Questions and answers

Which mortgage lenders are most active in Hawaii?

By 2024 originations: United Wholesale Mortgage (1,315), First Hawaiian Bank (1,256), Bank of Hawaii (1,212), American Savings Bank (993), Rocket Mortgage (979). 111 lenders had at least 25 applications in the state.

What is the mortgage denial rate in Hawaii?

29.7% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.

How has mortgage lending in Hawaii changed since 2018?

Originations went from 30,115 in 2018 to 16,137 in 2024; the denial rate moved from 23.7% to 29.7%.

Where does this data come from?

From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.

Provenance

Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.