Mechanics Bank · Hawaii · 2025

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

Mechanics Bank took 16 mortgage applications in Hawaii in 2025, ranking #143 of 321 lenders active in the state. It originated 37.5% of them and denied 31.3% (45.5% of the applications it decided), against a statewide denial rate of 21.8%.

16Applicationsin HI
45.5%Decision denial ratestate 27.3%
5.94%Median ratestate 6.15%
$370,000Median loanstate $405,000
$1.6MVolume3 counties

Mechanics Bank in Hawaii vs the state

31.3%Denial rate+9.42 pts vs state
45.5%Decision denial rate+18.14 pts vs state
37.5%Origination rate-17.87 pts vs state
5.94%Median rate-0.21 pts vs state
0.20Rate spread (pts)+0.45 pts vs state
$170kMedian applicant income
6Loans originated
5Denied

What Mechanics Bank lends in Hawaii

By loan purpose

Home purchase 5 31% · 0.0% denied
Refinance 2 13% · 50.0% denied
Cash-out refinance 4 25% · 50.0% denied
Home improvement 2 13% · 0.0% denied
Other / HELOC 3 19% · 66.7% denied

By loan type

Conventional 10 63% · 30.0% denied
FHA 6 38% · 33.3% denied

Why it denied Hawaii applicants

Credit history 3 60%
Incomplete application 1 20%
Collateral 1 20%

Where in Hawaii

Counties with the most Mechanics Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Honolulu County 942 22.2%
Hawaii County 623 50.0%
Maui County 100 0.0%

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: 16 applications in 2025, of which 6 were originated and 5 denied.

31.3% of all applications, or 45.5% of the applications it actually decided on. The Hawaii statewide average across all lenders was 21.8%.

The median rate on loans Mechanics Bank originated in Hawaii in 2025 was 5.94%, against a statewide median of 6.15%.

About this data. Figures are Mechanics 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