Largest mortgage lenders in Hawaii
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Bank of Hawaii | C | 3,679 | 1,973 | 27.8% | 6.00% |
| 2 | First Hawaiian Bank | B | 2,740 | 1,586 | 19.4% | 5.87% |
| 3 | American Savings Bank | C | 2,479 | 1,416 | 34.5% | 5.65% |
| 4 | Hawaiiusa Federal Credit Union | C | 1,833 | 777 | 38.1% | 5.65% |
| 5 | United Shore Financial Services | B | 1,710 | 1,281 | 11.1% | 6.13% |
| 6 | Rocket Mortgage | C | 1,637 | 1,101 | 22.4% | 6.63% |
| 7 | Central Pacific Bank | C | 1,519 | 720 | 33.6% | 6.13% |
| 8 | Hawaii State Federal Credit Union | C | 1,418 | 847 | 30.0% | 5.90% |
| 9 | Navy Federal Credit Union | D | 985 | 326 | 30.2% | 8.10% |
| 10 | Freedom Mortgage | B | 924 | 516 | 10.8% | 5.75% |
| 11 | Newrez | D | 891 | 392 | 16.5% | 6.25% |
| 12 | Pennymac Loan Services | C | 793 | 462 | 15.5% | 6.13% |
| 13 | Guaranteed Rate | B | 766 | 443 | 5.4% | 6.50% |
| 14 | Mortgage Research Center | C | 695 | 368 | 14.7% | 6.13% |
| 15 | CMG Mortgage | A | 621 | 399 | 4.0% | 6.50% |
| 16 | Loandepot.Com | D | 521 | 329 | 21.1% | 6.63% |
| 17 | The Loan Store | B | 505 | 326 | 12.1% | 6.63% |
| 18 | Guild Mortgage | A | 488 | 316 | 7.2% | 6.62% |
| 19 | Dhi Mortgage Company | B | 368 | 263 | 9.8% | 5.50% |
| 20 | AmeriSave Mortgage | D | 352 | 71 | 64.5% | 8.63% |
| 21 | Aloha Pacific Federal Credit Union | B | 327 | 217 | 28.1% | 5.75% |
| 22 | Citadel Servicing | B | 320 | 244 | 1.6% | 7.25% |
| 23 | NFM | A | 296 | 235 | 1.4% | 6.99% |
| 24 | Homexpress Mortgage | C | 295 | 181 | 38.0% | 7.38% |
| 25 | Kind Lending | C | 268 | 166 | 28.7% | 6.63% |
Best approval odds in Hawaii
Lowest decision denial rate among lenders that decided at least 300 Hawaii applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Citadel Servicing | 310 | 1.6% | 7.25% |
| 2 | CMG Mortgage | 478 | 5.2% | 6.50% |
| 3 | Guaranteed Rate | 497 | 8.3% | 6.50% |
| 4 | Guild Mortgage | 376 | 9.3% | 6.62% |
| 5 | Dhi Mortgage Company | 301 | 12.0% | 5.50% |
| 6 | United Shore Financial Services | 1,501 | 12.7% | 6.13% |
| 7 | The Loan Store | 446 | 13.7% | 6.63% |
| 8 | Freedom Mortgage | 648 | 15.4% | 5.75% |
| 9 | Pennymac Loan Services | 593 | 20.7% | 6.13% |
| 10 | Mortgage Research Center | 473 | 21.6% | 6.13% |
Lowest median rates in Hawaii
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Dhi Mortgage Company | 263 | 5.50% | 9.8% |
| 2 | Hawaiiusa Federal Credit Union | 777 | 5.65% | 38.1% |
| 3 | American Savings Bank | 1,416 | 5.65% | 34.5% |
| 4 | Aloha Pacific Federal Credit Union | 217 | 5.75% | 28.1% |
| 5 | Freedom Mortgage | 516 | 5.75% | 10.8% |
| 6 | First Hawaiian Bank | 1,586 | 5.87% | 19.4% |
| 7 | Hawaii State Federal Credit Union | 847 | 5.90% | 30.0% |
| 8 | Bank of Hawaii | 1,973 | 6.00% | 27.8% |
| 9 | Hawaiian Financial Federal Credit Union | 125 | 6.13% | 0.0% |
| 10 | Ameris Bank | 119 | 6.13% | 3.9% |
What Hawaii borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Hawaii applications were denied
Hawaii mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 30,066 | 16,631 | 23.4% | 6.25% | $355,000 | 323 |
| 2024 | 30,298 | 16,137 | 23.7% | 6.75% | $395,000 | 316 |
| 2025 | 35,864 | 19,858 | 21.8% | 6.15% | $405,000 | 321 |
Hawaii counties
Counties with at least 200 applications in 2025, most active first.
Frequently asked questions
21.8% of mortgage applications in Hawaii were denied in 2025 (27.3% of applications that reached a decision). Nationally the rate was 18.0%.
Bank of Hawaii handled the most applications in Hawaii in 2025: 3,679, with a denial rate of 27.8%.
Among lenders that decided at least 300 applications in Hawaii, Citadel Servicing had the lowest decision denial rate at 1.6%.
The median interest rate on loans originated in Hawaii in 2025 was 6.15%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.