We compare mortgage interest rate and loan related closing costs at American Savings Bank FSB with other lenders for mortgages with similar borrower characteristics:
Interest Rate: lower than average (-0.08%)
Loan Related Closing Costs: similar to average (+$111)
Assessment: this lender tends to be a cheap lender.
This scoreboard is based on data reported to FFIEC. In the data, American Savings Bank FSB originated 1393 mortgages, a national market share of 0.0%. It was primarily active in HI, with a 5.9% market share.
On average, American Savings Bank FSB’s interest rates were lower than those of comparable mortgages at other lenders (-0.08%).3The comparable mortgages control for American Savings Bank FSB’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $7522, which was similar to those of comparable mortgages at $7411, with a difference of +$111. Overall, we estimate that American Savings Bank FSB tends to be an cheap lender, with a cost-adjusted-rate difference of -0.08% compared to comparable mortgages at other lenders.4Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with American Savings Bank FSB.
American Savings Bank FSB originated Conforming and Jumbo mortgages for new home purchases. It also originated Conforming mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:
Home Purchase Mortgages from American Savings Bank FSB compared to other lenders
|Interest Rate Difference||-0.09%||-0.10%|
|Loan related Closing Cost Difference||-$163||-$1651|
|Cost Adjusted Rate Difference||-0.10%||-0.13%|
Based on the table above, American Savings Bank FSB is cheap for Conforming and Jumbo purchase mortgages.
Mortgage Refinancing from American Savings Bank FSB compared to other lenders
|Interest Rate Difference||-0.07%|
|Loan Related Closing Cost Difference||+$898|
|Cost Adjusted Rate Difference||-0.04%|
Based on the table above, American Savings Bank FSB is similar to other lenders for Conforming mortgage refinance.
Other information about American Savings Bank FSB:
Regulator: Office of the Comptroller of the Currency (OCC)
Top holder: HAWAIIAN ELECTRIC INDUSTRIES, INC.
Registered city and state: HONOLULU, HI, 96804