Deseret First Credit Union Mortgage Rates, Fees & Info

West Valley City, UT

LEI: 254900FFZUXK3B729T97

Tax ID: 87-0229235

3.1 stars - out of 5 stars, based on 35 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Jump to:

Mortgage Data

  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees

    • Overview

    Deseret First Credit Union is a smaller credit union specializing in Home Improvement and Cash Out Refi loans. Deseret First Credit Union has a high proportion of conventional loans. Their top markets include Salt Lake City, Provo, Ogden, St. George, and Logan among others. Deseret First Credit Union has an average approval rate for mortages when compared nationally. They have an above average pick rate when compared to the same sample of other lendors. Deseret First Credit Union is typically an average fee lendor.


    Originations

    1,240

    Origination Dollar Volume (All Markets)

    $207,320,000

    Relative Rate

    Deseret First Credit Union's average 30 year fixed rate mortgage of loans were 3.67%.

    The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

    This yields a difference of 0.52%.

    Relative Fees

    Deseret First Credit Union's average total fees for a 30 year fixed rate mortgage are $5,031.

    The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

    Top Markets

    Market Originations Total Value Average Loan Average Fees Average Rate
    SALT LAKE CITY, UT (FHA|USDA|VA) 444 $70,600,000 $159,009 $4,647 4.26%
    PROVO-OREM, UT (FHA|USDA|VA) 319 $52,345,000 $164,091 $4,783 4.31%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 223 $34,375,000 $154,148 $4,361 4.01%
    ST. GEORGE, UT (FHA|USDA|VA) 70 $13,470,000 $192,429 $4,352 4.16%
    LOGAN, UT-ID (FHA|USDA|VA) 58 $7,560,000 $130,345 $3,562 4.05%
    Outside of Metro Areas 27 $5,175,000 $191,667 $3,468 3.59%
    Heber, UT (FHA|USDA|VA) 19 $5,165,000 $271,842 $5,710 3.95%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 10 $2,230,000 $223,000 $4,720 3.63%
    Kill Devil Hills, NC (FHA|USDA|VA) 1 $1,355,000 $1,355,000 $32,066 4.38%
    BOISE CITY, ID (FHA|USDA|VA) 7 $1,265,000 $180,714 $4,517 3.79%
    ALBUQUERQUE, NM (FHA|USDA|VA) 4 $1,060,000 $265,000 $5,910 3.80%
    IDAHO FALLS, ID (FHA|USDA|VA) 3 $995,000 $331,667 $6,035 3.79%
    HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $710,000 $177,500 $4,440 3.63%
    Jackson, WY-ID (FHA|USDA|VA) 2 $690,000 $345,000 $5,761 3.13%
    Kalispell, MT (FHA|USDA|VA) 1 $605,000 $605,000 $8,797 3.88%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $560,000 $280,000 $3,052 2.81%
    Rexburg, ID (FHA|USDA|VA) 2 $520,000 $260,000 $5,129 2.50%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 2 $510,000 $255,000 $5,649 4.74%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $450,000 $225,000 $4,038 2.77%
    GRAND JUNCTION, CO (FHA|USDA|VA) 1 $425,000 $425,000 $2,555 3.13%
    TWIN FALLS, ID (FHA|USDA|VA) 3 $425,000 $141,667 $3,863 2.87%
    Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $405,000 $405,000 $8,933 2.75%
    Cedar City, UT (FHA|USDA|VA) 2 $380,000 $190,000 $4,049 2.81%
    FARMINGTON, NM (FHA|USDA|VA) 1 $375,000 $375,000 $5,999 3.38%
    ST. LOUIS, MO-IL (FHA|USDA|VA) 1 $365,000 $365,000 $6,722 2.50%
    RICHMOND, VA (FHA|USDA|VA) 1 $365,000 $365,000 $7,486 2.75%
    KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $345,000 $345,000 $5,841 2.75%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $335,000 $335,000 $3,419 3.49%
    POCATELLO, ID (FHA|USDA|VA) 2 $330,000 $165,000 $3,808 2.50%
    KNOXVILLE, TN (FHA|USDA|VA) 1 $295,000 $295,000 $2,313 3.38%
    Vernal, UT (FHA|USDA|VA) 3 $295,000 $98,333 $5,361 4.28%
    HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $285,000 $285,000 $6,405 3.13%
    Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $265,000 $265,000 $4,953 2.88%
    COLORADO SPRINGS, CO (FHA|USDA|VA) 2 $260,000 $130,000 $5,413 3.56%
    SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $255,000 $255,000 $2,770 3.13%
    OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $235,000 $235,000 $5,913 3.00%
    Burley, ID (FHA|USDA|VA) 2 $230,000 $115,000 $3,044 2.93%
    KANSAS CITY, MO-KS (FHA|USDA|VA) 1 $225,000 $225,000 $4,740 3.63%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $225,000 $225,000 $5,793 4.13%
    WARNER ROBINS, GA (FHA|USDA|VA) 1 $205,000 $205,000 $5,133 3.13%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $185,000 $185,000 $0 4.50%
    Garden City, KS (FHA|USDA|VA) 1 $155,000 $155,000 $3,540 4.13%
    MODESTO, CA (FHA|USDA|VA) 1 $135,000 $135,000 $0 5.50%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 1 $125,000 $125,000 $4,080 3.38%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $105,000 $105,000 $2,100 2.13%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $105,000 $105,000 $4,058 3.63%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $105,000 $105,000 $0 3.25%
    Blackfoot, ID (FHA|USDA|VA) 1 $85,000 $85,000 $3,379 2.25%
    FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $75,000 $75,000 $2,559 2.99%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $65,000 $65,000 $0 3.25%
    COLUMBIA, MO (FHA|USDA|VA) 1 $15,000 $15,000 $0 3.74%

    Deseret First Credit Union's top markets include Salt Lake City, Provo, Ogden, St. George, and Logan among others.

    Product Mix

    Loan Type Originations Total Value Average Loan Average Fees Average Rate
    Conventional 1,240 $207,320,000 $167,194 $4,603 4.14%

    For the 2021 period, Deseret First Credit Union's most frequently originated loan type of loans were Conventional, with 1,240 originations.

    Loan Reason

    Loan Reason Originations Total Value Average Loan Average Fees Average Rate
    Home Improvement 646 $75,640,000 $117,090 $0 4.56%
    Refi 171 $34,735,000 $203,129 $3,956 2.90%
    Cash Out Refi 165 $47,895,000 $290,273 $4,762 3.31%
    Other 138 $15,370,000 $111,377 $0 4.72%
    Home Purchase 120 $33,680,000 $280,667 $5,574 4.08%

    For the 2021, Deseret First Credit Union's most frequently cited loan purpose of loans were Home Improvement, with 646 originations. The 2nd most popular reason of loans were Refi, with 171 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    10 Year 765 $90,755,000 $118,634 $3,047 4.51%
    30 Year 333 $93,955,000 $282,147 $5,031 3.67%
    15 Year 106 $14,440,000 $136,226 $3,408 3.21%
    20 Year 14 $3,570,000 $255,000 $4,274 2.86%
    Other 11 $2,965,000 $269,545 $4,382 2.78%
    5 Year 9 $295,000 $32,778 $0 4.05%
    30+ year 2 $1,340,000 $670,000 $8,119 4.13%

    For the 2021, Deseret First Credit Union's most frequently cited loan length of loans were 10 Year, with 765 originations. The 2nd most popular length of loans were 30 Year, with 333 originations.

    Origination Fees

    Origination Fee Originations Total Value Average Loan
    $<1k 215 $31,865,000 $148,209
    $3k-4k 127 $39,595,000 $311,772
    $2k-3k 93 $20,545,000 $220,914
    $1k-2k 86 $13,090,000 $152,209
    $5k+ 30 $17,260,000 $575,333

    $5,031 of loans were Deseret First Credit Union's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 215 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 502 $82,270,000 $163,884
    4-5% 245 $38,685,000 $157,898
    5-6% 166 $19,340,000 $116,506
    2.5-3% 151 $41,865,000 $277,252
    <2.5% 80 $13,560,000 $169,500
    6-7% 73 $9,505,000 $130,205
    7-8% 12 $830,000 $69,167
    Over 8% 9 $625,000 $69,444

    During 2021, Deseret First Credit Union's average interest rate of loans were 3.67%, while their most frequently originated rate bucket of loans were 3-4%, with 502 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 475 $27,995,000 $58,937 $2,316 4.60%
    $100k-200k 392 $52,940,000 $135,051 $3,376 4.06%
    $200k-400k 290 $79,760,000 $275,034 $4,743 3.64%
    $400k-600k 59 $28,235,000 $478,559 $6,409 3.48%
    $600k-1MM 20 $14,020,000 $701,000 $9,946 3.73%
    $1MM+ 4 $4,370,000 $1,092,500 $32,066 4.52%

    2021 saw Deseret First Credit Union place emphasis on $100,000 or less loans with 475 originations, totaling $27,995,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 384 $57,810,000 $150,547 $4,567 4.24%
    $150k-250k 244 $46,740,000 $191,557 $6,840 4.53%
    $75k-100k 239 $38,905,000 $162,782 $4,555 3.85%
    $50k-75k 173 $23,595,000 $136,387 $3,931 3.68%
    $250k+ 109 $28,965,000 $265,734 $6,180 4.57%
    $50k or less 90 $10,990,000 $122,111 $3,048 3.79%

    Deseret First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 384 originations. The second most popular income band? $150k-250k, with 244 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 301 $48,065,000 $159,684 $4,462 3.89%
    30-36% 258 $40,760,000 $157,984 $4,630 4.30%
    <20% 179 $29,095,000 $162,542 $4,098 3.80%
    44% 55 $12,325,000 $224,091 $5,635 4.31%
    40% 54 $8,460,000 $156,667 $4,784 4.53%
    41% 52 $7,700,000 $148,077 $3,847 4.41%
    42% 49 $8,275,000 $168,878 $5,124 4.41%
    38% 49 $8,315,000 $169,694 $5,822 4.29%
    39% 46 $7,720,000 $167,826 $5,311 4.40%
    36% 45 $8,755,000 $194,556 $4,413 4.06%
    37% 44 $7,680,000 $174,545 $4,971 4.27%
    43% 34 $5,850,000 $172,059 $5,820 4.53%
    45% 30 $4,290,000 $143,000 $4,671 4.58%
    >60% 14 $3,640,000 $260,000 $8,149 4.01%
    46% 12 $2,550,000 $212,500 $4,583 3.67%
    50-60% 10 $2,130,000 $213,000 $3,215 4.12%
    47% 4 $870,000 $217,500 $3,625 3.40%
    48% 1 $95,000 $95,000 $3,228 2.88%
    49% 1 $225,000 $225,000 $6,045 3.38%

    Deseret First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 301 originations. The next most common DTI ratio? 30-36%, with 258 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,031 $177,095,000 $171,770 $4,588 4.04%
    Not provided 181 $26,185,000 $144,669 $4,755 4.67%
    Native Hawaiian 14 $1,770,000 $126,429 $4,446 4.53%
    Black 7 $915,000 $130,714 $4,471 4.21%
    Asian 3 $755,000 $251,667 $5,923 4.48%
    Not applicable 1 $315,000 $315,000 $5,192 3.99%
    American Indian 3 $285,000 $95,000 $0 4.08%

    Approval Rates

    Total approvals of all applications
    85.17%

    Deseret First Credit Union has an average approval rate.

    Pick Rate

    Approvals leading to origination
    95.08%

    Deseret First Credit Union has an exceptionally high pick rate. They most likely have borrower friendly terms or other characteristics like being fast to close or are easy to work with.

    Points and Fees

    Points Originations Total Value Average Loan
    0.0 3 $175,000 $58,333
    1011.0 4 $1,220,000 $305,000
    1024.0 1 $75,000 $75,000
    1035.0 1 $305,000 $305,000
    1045.0 2 $420,000 $210,000
    1071.0 1 $305,000 $305,000
    1083.0 1 $325,000 $325,000
    1092.0 1 $175,000 $175,000
    1100.0 1 $255,000 $255,000
    1107.0 2 $600,000 $300,000
    1116.0 1 $55,000 $55,000
    1135.0 1 $105,000 $105,000
    1193.0 1 $385,000 $385,000
    1195.0 1 $375,000 $375,000
    1227.0 1 $65,000 $65,000
    1240.0 1 $205,000 $205,000
    1252.0 2 $810,000 $405,000
    1265.0 1 $405,000 $405,000
    1276.0 1 $415,000 $415,000
    1285.0 1 $115,000 $115,000
    1300.0 1 $425,000 $425,000
    1345.0 1 $285,000 $285,000
    1359.0 1 $265,000 $265,000
    1382.0 1 $455,000 $455,000
    1397.0 1 $465,000 $465,000
    1427.5 1 $95,000 $95,000
    1445.0 1 $235,000 $235,000
    1471.54 1 $105,000 $105,000
    1474.0 1 $105,000 $105,000
    1486.5 1 $85,000 $85,000
    1493.0 3 $1,505,000 $501,667
    150.0 1 $105,000 $105,000
    1501.5 1 $115,000 $115,000
    1512.0 1 $275,000 $275,000
    1515.02 1 $85,000 $85,000
    1523.0 1 $135,000 $135,000
    1529.0 1 $535,000 $535,000
    1535.0 1 $305,000 $305,000
    1589.0 1 $575,000 $575,000
    1594.0 1 $175,000 $175,000
    1596.15 1 $95,000 $95,000
    160.0 7 $485,000 $69,286
    1629.0 1 $65,000 $65,000
    1647.5 1 $95,000 $95,000
    1649.0 1 $75,000 $75,000
    1682.0 1 $335,000 $335,000
    1734.0 1 $705,000 $705,000
    1742.0 1 $325,000 $325,000
    1743.0 1 $505,000 $505,000
    175.0 1 $105,000 $105,000
    1816.0 1 $125,000 $125,000
    1843.33 1 $325,000 $325,000
    185.0 436 $28,940,000 $66,376
    1864.0 1 $375,000 $375,000
    1970.0 1 $105,000 $105,000
    1997.0 1 $105,000 $105,000
    2077.0 1 $115,000 $115,000
    2096.0 2 $2,010,000 $1,005,000
    210.0 1 $125,000 $125,000
    2119.0 1 $155,000 $155,000
    2122.0 1 $455,000 $455,000
    2143.0 1 $505,000 $505,000
    225.0 1 $95,000 $95,000
    2284.0 1 $705,000 $705,000
    230.0 9 $605,000 $67,222
    2335.0 1 $145,000 $145,000
    235.0 50 $6,010,000 $120,200
    2364.0 1 $605,000 $605,000
    240.0 1 $135,000 $135,000
    2472.0 1 $695,000 $695,000
    250.0 5 $275,000 $55,000
    2533.0 1 $705,000 $705,000
    2537.0 1 $125,000 $125,000
    2543.0 1 $175,000 $175,000
    2578.0 1 $115,000 $115,000
    2607.0 1 $175,000 $175,000
    265.0 42 $6,300,000 $150,000
    270.0 1 $175,000 $175,000
    2763.0 1 $185,000 $185,000
    2765.0 1 $185,000 $185,000
    279.0 1 $45,000 $45,000
    280.0 2 $250,000 $125,000
    2805.0 1 $175,000 $175,000
    2845.0 1 $145,000 $145,000
    2852.0 1 $145,000 $145,000
    2885.0 1 $155,000 $155,000
    2930.0 1 $265,000 $265,000
    295.0 43 $8,115,000 $188,721
    310.0 6 $450,000 $75,000
    3189.0 1 $225,000 $225,000
    325.0 1 $225,000 $225,000
    3278.0 1 $195,000 $195,000
    3296.0 1 $1,005,000 $1,005,000
    342.0 1 $65,000 $65,000
    347.0 1 $55,000 $55,000
    3493.0 1 $185,000 $185,000
    350.0 40 $9,400,000 $235,000
    361.55 1 $35,000 $35,000
    3661.0 1 $255,000 $255,000
    3688.0 1 $245,000 $245,000
    369.0 1 $65,000 $65,000
    3698.0 1 $215,000 $215,000
    3715.0 1 $185,000 $185,000
    385.0 1 $205,000 $205,000
    395.0 1 $215,000 $215,000
    405.0 1 $75,000 $75,000
    411.0 1 $85,000 $85,000
    4256.0 1 $315,000 $315,000
    430.0 1 $165,000 $165,000
    4332.0 1 $305,000 $305,000
    436.0 2 $180,000 $90,000
    440.0 1 $95,000 $95,000
    462.0 1 $95,000 $95,000
    465.0 1 $155,000 $155,000
    4665.0 1 $265,000 $265,000
    468.0 10 $1,050,000 $105,000
    4735.0 1 $355,000 $355,000
    480.0 1 $165,000 $165,000
    498.0 1 $115,000 $115,000
    50.0 1 $65,000 $65,000
    513.0 1 $55,000 $55,000
    525.0 1 $255,000 $255,000
    528.0 1 $125,000 $125,000
    5430.5 1 $305,000 $305,000
    570.0 1 $35,000 $35,000
    589.0 2 $280,000 $140,000
    619.0 1 $155,000 $155,000
    626.0 1 $155,000 $155,000
    649.0 1 $155,000 $155,000
    685.0 4 $310,000 $77,500
    710.0 1 $85,000 $85,000
    735.0 31 $2,265,000 $73,065
    760.0 1 $85,000 $85,000
    765.0 1 $135,000 $135,000
    769.0 1 $205,000 $205,000
    785.0 7 $775,000 $110,714
    794.0 1 $215,000 $215,000
    810.0 2 $150,000 $75,000
    815.0 4 $580,000 $145,000
    816.0 1 $15,000 $15,000
    818.0 1 $215,000 $215,000
    830.0 1 $125,000 $125,000
    835.0 1 $25,000 $25,000
    843.0 1 $75,000 $75,000
    845.0 2 $410,000 $205,000
    845.51 1 $35,000 $35,000
    860.0 1 $45,000 $45,000
    885.0 1 $125,000 $125,000
    890.0 5 $1,275,000 $255,000
    900.0 1 $245,000 $245,000
    921.0 1 $125,000 $125,000
    930.0 1 $55,000 $55,000
    972.5 1 $95,000 $95,000
    983.0 1 $25,000 $25,000
    986.0 1 $285,000 $285,000
    995.0 1 $185,000 $185,000
    NA 384 $104,970,000 $273,359

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,240 $207,320,000 $167,194

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 339 $57,815,000 $170,546 $3,217 4.09%
    40-60% 133 $33,305,000 $250,414 $4,202 3.23%
    60-80% 159 $54,015,000 $339,717 $5,477 3.32%
    80-100% 61 $20,675,000 $338,934 $5,756 3.61%
    Under 20% 547 $41,205,000 $75,329 $2,729 4.68%