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MARKET BENCHMARKS · HMDA PUBLIC DATA

Hawaii mortgage market benchmarks

Hawaii origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

19,858

+23.4% vs 2024

2024: 16,087

Volume 2025

$11.98B

originated $
2024: $9.27B

Denial rate 2025

21.8%

denied / actioned
2024: 23.8% denied / actioned

Reporting lenders 2025

331

HMDA reporters
2024: 325 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$12.5B$25B$37.5B$50B20182019202020212022202320242025$11.98B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%13.7%27.3%2018201920202021202220232024202521.8%

Hawaii market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
202533135,99719,858$11.98B2025 origination volume19,858 loans originated21.8%2025 denial rate35,997 applications actioned50.0%41.9%
202432530,28816,087$9.27B2024 origination volume16,087 loans originated23.8%2024 denial rate30,288 applications actioned55.7%36.3%
202333530,04416,608$8.82B2023 origination volume16,608 loans originated23.4%2023 denial rate30,044 applications actioned52.1%29.3%
202235054,34432,651$17.05B2022 origination volume32,651 loans originated19.7%2022 denial rate54,344 applications actioned40.7%49.5%
202136094,82261,986$31.14B2021 origination volume61,986 loans originated12.9%2021 denial rate94,822 applications actioned29.3%82.2%
202031889,13858,702$28.42B2020 origination volume58,702 loans originated12.1%2020 denial rate89,138 applications actioned22.5%87.6%
201930257,83236,646$16.76B2019 origination volume36,646 loans originated16.8%2019 denial rate57,832 applications actioned37.9%63.7%
201830648,27529,681$12.24B2018 origination volume29,681 loans originated19.8%2018 denial rate48,275 applications actioned46.3%50.4%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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