Mortgage lender · Honolulu, HI · LEI 5493005R24FV5DFFXW42

Central Pacific Bank review: approval odds, rates and grade (2025)

Central Pacific Bank earns a C, in line with the typical performance of home-equity (HELOC) lenders. It turned down 40.8% of the applications it decided on in 2025, which ranks in the 9th percentile for approval odds. Its median loan was priced 0.56 points below the average prime offer rate, ranking in the 79th percentile on pricing. Compared against 412 home-equity (HELOC) lenders using 2025 HMDA filings.

1.5kApplications2025
47.4%Originatedof applications
40.8%Decision denial ratenational 22.6%
6.13%Median ratenational 6.63%
$318MLoan volume1 states

Central Pacific Bank at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

33.6%Denial rate (all applications)+15.59 pts vs national
40.8%Denial rate (decided applications)+18.18 pts vs national
47.4%Origination rate-10.63 pts vs national
11.0%Withdrawn by applicant
6.7%Closed for incompleteness
6.13%Median interest rate-0.50 pts vs national
-0.56Median rate spread (pts over APOR)-0.81 pts vs national
$355,000Median loan amount
$7,522Median total loan costs
$146kMedian applicant income
61%Median loan-to-value
0High-cost (HOEPA) loans

How the C grade breaks down

Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

9th40.8% denied

Pricingmedian rate spread over APOR, weight 30%

79th-0.56 pts

Processwithdrawn + incomplete share, weight 15%

23rd17.6%

Closing coststotal loan costs ÷ loan amount, weight 10%

77th2.12% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20231,28762835.4%41.5%5.88%$248M
20241,06848735.5%43.1%6.95%$213M
20251,51972033.6%40.8%6.13%$318M

What Central Pacific Bank lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 607 40% · 16.6% denied
Refinance 429 28% · 34.5% denied
Cash-out refinance 23 2% · 21.7% denied
Home improvement 225 15% · 53.3% denied
Other / HELOC 235 15% · 57.9% denied

By loan type

Conventional 1,483 98% · 34.0% denied
FHA 28 2% · 17.9% denied
VA 8 1% · 12.5% denied

Also: 887 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 183 investment properties.

Why Central Pacific Bank denies applications

Primary reason reported for each of the 510 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 300 59%
Credit history 110 22%
Collateral 83 16%
Other 6 1%
Employment history 5 1%
Insufficient cash 4 1%
Unverifiable information 1 0%
Incomplete application 1 0%

How these reasons compare nationally →

Who gets approved at Central Pacific Bank

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k941481.6%
$50k – $100k28412247.7%
$100k – $150k37918939.5%
$150k – $250k37019232.9%
Over $250k33618128.6%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2520837.5%
25–3419011522.0%
35–4435017239.5%
45–5432714643.4%
55–6432012750.8%
65–7420710738.0%
Over 74994146.4%

Where Central Pacific Bank lends

1 states and 4 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Hawaii1,51972033.6%6.13%#7

Frequently asked questions

Central Pacific Bank denied 40.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 9th percentile of home-equity (HELOC) lenders.

The most common reason Central Pacific Bank gave in 2025 was "debt-to-income ratio", cited on 58.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Central Pacific Bank originated in 2025 was 6.13%, and its median rate spread over the average prime offer rate was -0.56 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 40% of its applications were for home purchases, 30% for refinancing (including cash-out), and 30% for home improvement or other purposes. By loan type: 98% conventional, 2% FHA, 1% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Central Pacific Bank. Data sources · Methodology