Maui Blog - Georgie Hunter R(S): Maui banks and mortgages - who's the biggest lender?

Maui banks and mortgages - who's the biggest lender?

Maui banks and mortgages.  When it comes to buying a home in Hawaii, we strongly urge you to use a local bank or lender, since some mainland lenders won't fund to Hawaii.  It's an awful feeling to find this out at the last minute, when you're all set to close on a house sale and things go off track due to the lender.  We have good solid banks here, and they can help you get a mortgage to buy a home on Maui.  There are also other lenders ready to help, and I'm happy to give you some names if you need them. 

Search the Maui MLS for bank owned homes here.

Here's the breakdown of how many mortgages the local banks are providing across the state. Statistics are courtesy of Title Guaranty.

 

Company August 2017 # August 2017 $ Year to Date # Year to Date $
Bank of Hawaii 513 $179,170,070 4,330 $1,482,275,118
First Hawaiian Bank 284 $115,557,917 2,094 $929,755,749
American Savings Bank FSB 364 $93,471,566 2,327 $671,995,563
Bank of America NA 21 $14,008,767 196 $668,499,268
Chase Bank USA NA 21 $16,545,041 153 $630,982,578
Central Pacific Bank 193 $72,681,928 1,387 $604,289,587
LoanDepot.com LLC 116 $50,698,279 847 $377,044,510
Wells Fargo Home Mortgage Inc. 64 $34,851,810 621 $337,845,975
Quicken Loan Inc. 80 $28,709,676 872 $312,147,652
Territorial Savings Bank 52 $23,081,400 456 $216,732,500

 Bank of Hawaii, Kahului Maui

Bank of Hawaii in Kahului Maui

Thanks for reading my Maui blog...

Buying or selling real estate on Maui?  That's what I do.  Let me help YOU.

Georgie Hunter R(S) e-Pro, Hawai'i Life Real Estate Brokers
127 Hana Hwy. #G, Paia HI 96779
E-mail or call/text: 808 283-0635

Comment balloon 6 commentsGeorgie Hunter R(S) 58089 • September 17 2017 02:34AM

Comments

Now this is great information, four and five on your list should even be lower for their poor client service:)Endre

Posted by Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002 (Berkshire Hathaway HomeServices) about 1 month ago

Georgie Hunter R(S) 58089 - This is excellent advice!!! You always provide the best information. I trust you and I know others do too!

Posted by Patricia Feager, Selling Homes Changing Lives (DFW FINE PROPERTIES) about 1 month ago

Georgie, I did not know this issue with buying Hawaii...it is kind of like trying to buy a co-op in NYC...go local!

Posted by Jeffrey DiMuria 321.223.6253 Waves Realty, Florida Space Coast Homes (Waves Realty) about 1 month ago

Georgie, it is always wise to use a local lender, wherever you buy.   Nice that Bank of Hawaii is the largest.  

Posted by Joan Cox, Denver Real Estate - Selling One Home at a Time (Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373) about 1 month ago

Georgie Hunter R(S) 58089 This is very helpful report on local lenders in Maui.

Posted by John Pusa, Your All Time Realtor With Exceptional Service (Berkshire Hathaway Home Services Crest) about 1 month ago

Thanks for all your comments!

Posted by Georgie Hunter R(S) 58089, Maui Real Estate sales and lifestyle info (Hawai'i Life Real Estate Brokers) 29 days ago

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