Bank of Hawaii · Hawaii · 2025

Bank of Hawaii in Hawaii: approval rate, denial rate and rates (2025)

Bank of Hawaii took 3,679 mortgage applications in Hawaii in 2025, ranking #1 of 321 lenders active in the state. It originated 53.6% of them and denied 27.8% (33.7% of the applications it decided), against a statewide denial rate of 21.8%.

3.7kApplicationsin HI
33.7%Decision denial ratestate 27.3%
6.00%Median ratestate 6.15%
$305,000Median loanstate $405,000
$1.1BVolume4 counties

Bank of Hawaii in Hawaii vs the state

27.8%Denial rate+5.95 pts vs state
33.7%Decision denial rate+6.37 pts vs state
53.6%Origination rate-1.74 pts vs state
6.00%Median rate-0.15 pts vs state
-0.59Rate spread (pts)-0.34 pts vs state
$166kMedian applicant income
1,973Loans originated
1,022Denied

Trend in Hawaii

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,4491,80832.6%5.63%#1
20242,7141,21236.6%6.99%#1
20253,6791,97327.8%6.00%#1

What Bank of Hawaii lends in Hawaii

By loan purpose

Home purchase 1,165 32% · 6.9% denied
Refinance 858 23% · 28.7% denied
Cash-out refinance 120 3% · 11.7% denied
Home improvement 687 19% · 44.5% denied
Other / HELOC 849 23% · 44.3% denied

By loan type

Conventional 3,632 99% · 28.0% denied
FHA 26 1% · 11.5% denied
VA 21 1% · 14.3% denied

Why it denied Hawaii applicants

Debt-to-income ratio 428 42%
Collateral 276 27%
Credit history 163 16%
Unverifiable information 86 8%
Other 69 7%

Where in Hawaii

Counties with the most Bank of Hawaii applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Honolulu County 2,6231,473652 24.9%
Hawaii County 498235179 35.9%
Maui County 371180117 31.5%
Kauai County 1858473 39.5%

Other large lenders in Hawaii

LenderGradeApplicationsDenial rateMedian rate
First Hawaiian BankB 2,74019.4%5.87%
American Savings BankC 2,47934.5%5.65%
Hawaiiusa Federal Credit UnionC 1,83338.1%5.65%
United Shore Financial ServicesB 1,71011.1%6.13%
Rocket MortgageC 1,63722.4%6.63%
Central Pacific BankC 1,51933.6%6.13%
Hawaii State Federal Credit UnionC 1,41830.0%5.90%
Navy Federal Credit UnionD 98530.2%8.10%
Freedom MortgageB 92410.8%5.75%
NewrezD 89116.5%6.25%

Frequently asked questions

Hawaii: 3,679 applications in 2025, of which 1,973 were originated and 1,022 denied.

27.8% of all applications, or 33.7% of the applications it actually decided on. The Hawaii statewide average across all lenders was 21.8%.

The median rate on loans Bank of Hawaii originated in Hawaii in 2025 was 6.00%, against a statewide median of 6.15%.

About this data. Figures are Bank of Hawaii's own HMDA filing for properties located in Hawaii, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology