Compare Mortgage Lenders
Select two lenders to compare side by side using 2023 HMDA federal data: approval rates, denial rates, loan sizes, loan types, and geographic reach.
Key Metrics
| Metric | Hawaii State Federal | Bank of Hawaii |
|---|---|---|
| Total Applications | 1,084 | 2,715 ▲ |
| Loans Originated | 659 | 1,212 |
| Approval Rate (higher is better) | 60.8% ✓ | 44.6% |
| Denial Rate (lower is better) | 27.6% ✓ | 36.6% |
| Avg Loan Amount | $269,013 | $417,144 |
| Avg Interest Rate (lower is better) | 7.346% | 7.046% ✓ |
| Avg Applicant Income | $42,000 | $38,000 |
| Applications Denied | 299 | 994 |
| Applications Withdrawn | 75 | 300 |
✓ Better indicates the more favorable value for borrowers. Data: CFPB HMDA 2023.
Loan Type Mix
| Loan Type | Hawaii State Federal | Bank of Hawaii |
|---|---|---|
| Conventional | 1,084 (100.0%) | 2,679 (98.7%) |
| FHA | — | 12 (0.4%) |
| VA | — | 24 (0.9%) |
| USDA | — | — |
Loan Purpose Breakdown
| Purpose | Hawaii State Federal | Bank of Hawaii |
|---|---|---|
| Home Improvement | 423 | 564 |
| Home Purchase | 233 | 676 |
| Other | 208 | 758 |
| Refinancing | 205 | 573 |
| Cash-out Refinancing | 15 | 144 |
Top States by Loan Volume
Summary
- 1,084 total applications · 659 originated
- Approval rate: 60.8%
- Denial rate: 27.6%
- Avg loan: $269,013
- Avg rate: 7.346%
- HQ: Honolulu, HI
- 2,715 total applications · 1,212 originated
- Approval rate: 44.6%
- Denial rate: 36.6%
- Avg loan: $417,144
- Avg rate: 7.046%
- HQ: Honolulu, HI
Methodology
Comparisons are drawn from the CFPB 2024 HMDA Snapshot National Loan-Level Dataset, published by the Consumer Financial Protection Bureau and distributed via the FFIEC. Every figure on this page comes from lenders' mandatory HMDA filings — not voluntary marketing claims.
Approval (origination) rate = originated ÷ total applications. Denial rate = denied ÷ total applications. Rates do not sum to 100% because HMDA also records withdrawn, incomplete, and approved-but-not-accepted outcomes. Denial rates reflect a lender's applicant mix as much as its underwriting stance; compare alongside loan-type mix and geography before drawing conclusions.
Side-by-side comparisons are informational only and do not constitute financial, legal, or mortgage advice. Always obtain and compare written Loan Estimates before applying.