BMO Bank · Hawaii · 2025

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

BMO Bank took 15 mortgage applications in Hawaii in 2025, ranking #145 of 321 lenders active in the state. It originated 20.0% of them and denied 46.7% (70.0% of the applications it decided), against a statewide denial rate of 21.8%.

15Applicationsin HI
70.0%Decision denial ratestate 27.3%
6.50%Median ratestate 6.15%
$565,000Median loanstate $405,000
$5.8MVolume4 counties

BMO Bank in Hawaii vs the state

46.7%Denial rate+24.84 pts vs state
70.0%Decision denial rate+42.69 pts vs state
20.0%Origination rate-35.37 pts vs state
6.50%Median rate+0.35 pts vs state
0.23Rate spread (pts)+0.48 pts vs state
$292kMedian applicant income
3Loans originated
7Denied

Trend in Hawaii

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023231426.1%6.13%#103
2024432320.9%6.63%#87
202515346.7%6.50%#145

What BMO Bank lends in Hawaii

By loan purpose

Home purchase 8 53% · 37.5% denied
Home improvement 3 20% · 66.7% denied
Other / HELOC 4 27% · 50.0% denied

By loan type

Conventional 15 100% · 46.7% denied

Why it denied Hawaii applicants

Debt-to-income ratio 2 29%
Unverifiable information 2 29%
Insufficient cash 1 14%
Credit history 1 14%
Collateral 1 14%

Where in Hawaii

Counties with the most BMO Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Maui County 705 71.4%
Hawaii County 311 33.3%
Honolulu County 320 0.0%
Kauai County 201 50.0%

Other large lenders in Hawaii

LenderGradeApplicationsDenial rateMedian rate
Bank of HawaiiC 3,67927.8%6.00%
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%

Frequently asked questions

Hawaii: 15 applications in 2025, of which 3 were originated and 7 denied.

46.7% of all applications, or 70.0% of the applications it actually decided on. The Hawaii statewide average across all lenders was 21.8%.

The median rate on loans BMO Bank originated in Hawaii in 2025 was 6.50%, against a statewide median of 6.15%.

About this data. Figures are BMO Bank'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