Deseret First Credit Union Mortgage Rates, Fees & Info

West Valley City, UT

LEI: 254900FFZUXK3B729T97

Tax ID: 87-0229235

4.1 stars - Updated: 12/4/24 - out of 5 stars, based on 25 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Deseret First Credit Union is a smaller credit union specializing in Home Improvement, Other, and Home Purchase loans. Deseret First Credit Union has a high proportion of conventional loans. Their top markets by origination volume include: Salt Lake City, Provo, Ogden, St. George, and Logan among others. We have data for 45 markets. (Some data included below & more in-depth data is available with an active subscription.)

Deseret First Credit Union has an average approval rate when compared to the average across all lenders. They have an average pick rate when compared to similar lenders. Deseret First Credit Union is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 12/4/24
30 Year Conventional Purchase 6.56% 12/4/24
30 Year Conventional Refi 6.59% 12/4/24
30 Year Cash-out Refi 6.55% 12/4/24
15 Year Conventional Purchase 6.21% 12/4/24
15 Year Conventional Refi 6.07% 12/4/24
15 Year Cash-out Refi 6.07% 12/4/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Deseret First Credit Union Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Deseret First Credit Union. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

606

Origination Dollar Volume (All Markets)

$88,860,000

Awards

Deseret First Credit Union 30 Year Conventional Loans silver
Show all (1) awards

Relative Rate

Deseret First Credit Union's average 30 year fixed mortgage rate was 7.33%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.85%.

Relative Fees (Closing Costs)

Deseret First Credit Union's average total fees/closing costs for a 30 year fixed rate mortgage were $7,397.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
SALT LAKE CITY, UT (FHA|USDA|VA) 210 $27,560,000 $131,238 $8,234 8.25%
PROVO-OREM, UT (FHA|USDA|VA) 145 $17,945,000 $123,759 $6,992 8.08%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 105 $15,575,000 $148,333 $7,046 8.02%
ST. GEORGE, UT (FHA|USDA|VA) 33 $6,235,000 $188,939 $7,391 7.74%
LOGAN, UT-ID (FHA|USDA|VA) 36 $3,960,000 $110,000 $4,446 8.11%
Outside of Metro Areas 14 $2,360,000 $168,571 $5,612 7.22%
Heber, UT (FHA|USDA|VA) 10 $1,850,000 $185,000 $7,853 8.93%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $970,000 $242,500 $6,765 6.41%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $965,000 $965,000 $15,976 6.75%
Vernal, UT (FHA|USDA|VA) 5 $875,000 $175,000 $6,470 7.47%
Rexburg, ID (FHA|USDA|VA) 2 $820,000 $410,000 $12,515 6.75%
Boston-Cambridge-Newton, MA-NH (FHA|USDA|VA) 1 $705,000 $705,000 $15,447 6.37%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $655,000 $218,333 $14,467 7.19%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $595,000 $595,000 $9,400 6.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1 $585,000 $585,000 $11,952 6.13%
POCATELLO, ID (FHA|USDA|VA) 2 $530,000 $265,000 $6,054 6.88%
Show Low, AZ (FHA|USDA|VA) 1 $445,000 $445,000 $10,823 7.50%
ALBUQUERQUE, NM (FHA|USDA|VA) 3 $445,000 $148,333 $4,021 6.42%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $425,000 $425,000 $9,703 6.50%
Carlsbad-Artesia, NM (FHA|USDA|VA) 1 $365,000 $365,000 $9,791 7.13%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $355,000 $355,000 $7,591 6.13%
HUNTSVILLE, AL (FHA|USDA|VA) 1 $355,000 $355,000 $6,373 6.13%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 1 $335,000 $335,000 $6,838 6.00%
CHAMPAIGN-URBANA, IL (FHA|USDA|VA) 1 $325,000 $325,000 $5,536 6.13%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $325,000 $325,000 $7,365 6.13%
BOISE CITY, ID (FHA|USDA|VA) 1 $305,000 $305,000 $8,838 6.88%
Cedar City, UT (FHA|USDA|VA) 3 $305,000 $101,667 $5,127 7.79%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 1 $275,000 $275,000 $6,682 6.00%
READING, PA (FHA|USDA|VA) 1 $265,000 $265,000 $7,448 5.90%
Blackfoot, ID (FHA|USDA|VA) 1 $245,000 $245,000 $5,369 6.50%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $235,000 $235,000 $5,342 6.49%
RENO, NV (FHA|USDA|VA) 1 $235,000 $235,000 $12,179 4.99%
TUSCALOOSA, AL (FHA|USDA|VA) 1 $215,000 $215,000 $4,890 5.88%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 1 $205,000 $205,000 $4,230 6.99%
RICHMOND, VA (FHA|USDA|VA) 1 $175,000 $175,000 $4,757 6.88%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 1 $135,000 $135,000 $4,566 5.38%
Fort Madison-Keokuk, IA-IL-MO (FHA|USDA|VA) 1 $105,000 $105,000 $3,483 5.13%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $105,000 $105,000 $3,299 5.63%
BAKERSFIELD, CA (FHA|USDA|VA) 1 $95,000 $95,000 $0 7.00%
Kirksville, MO (FHA|USDA|VA) 1 $75,000 $75,000 $2,822 5.99%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 1 $65,000 $65,000 $0 6.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 1 $55,000 $55,000 $0 7.00%
Burley, ID (FHA|USDA|VA) 1 $35,000 $35,000 $0 7.50%
IDAHO FALLS, ID (FHA|USDA|VA) 1 $15,000 $15,000 $0 9.50%
Deseret First Credit Union's top markets include Salt Lake City, Provo, Ogden, St. George, and Logan among others.

Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Deseret First Credit Union based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    State Bank of Southern Utah
    Similarity Rank: 176
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 300
    CYPRUS Federal Credit Union
    Similarity Rank: 900
    UTAH COMMUNITY
    Similarity Rank: 900
    Utah Power
    Similarity Rank: 975
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 1000
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1100
    NEST HOME LENDING, LLC
    Similarity Rank: 1560
    Utah Mortgage Loan Corporation
    Similarity Rank: 1743

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 432 $75,540,000 $174,861 $7,285 7.48%
    HELOC 174 $13,320,000 $76,552 n/a 9.23%

    For 2023, Deseret First Credit Union's most frequently originated type of loan was Conventional, with 432 originations. Their 2nd most popular type was HELOC, with 174 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 238 $21,230,000 $89,202 $0 8.53%
    Other 221 $21,085,000 $95,407 $0 8.22%
    Home Purchase 99 $36,355,000 $367,222 $8,151 6.63%
    Cash Out Refi 30 $7,490,000 $249,667 $5,702 6.82%
    Refi 18 $2,700,000 $150,000 $3,805 7.25%

    For 2023, Deseret First Credit Union's most frequently cited loan purpose was Home Improvement, with 238 originations. The 2nd most popular reason was Other, with 221 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 188 $53,400,000 $284,043 $7,397 7.33%
    20 Year 175 $13,555,000 $77,457 $12,179 9.21%
    10 Year 158 $12,550,000 $79,430 $0 7.61%
    15 Year 53 $6,965,000 $131,415 $5,334 8.02%
    5 Year 30 $1,410,000 $47,000 $0 6.94%
    Other 2 $980,000 $490,000 $11,246 7.00%

    For 2023, Deseret First Credit Union's most frequently cited loan duration was 30 Year, with 188 originations. The 2nd most popular length was 20 Year, with 175 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 297 $31,115,000 $104,764
    $5k+ 54 $26,530,000 $491,296
    $2k-3k 25 $3,735,000 $149,400
    $4k-5k 23 $7,725,000 $335,870
    $3k-4k 22 $5,490,000 $249,545
    $1k-2k 10 $880,000 $88,000

    Deseret First Credit Union's average total fees were $7,397, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 297 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 277 $29,805,000 $107,599
    6-7% 146 $29,620,000 $202,877
    7-8% 142 $19,500,000 $137,324
    5-6% 36 $8,900,000 $247,222
    4-5% 4 $970,000 $242,500

    During 2023, Deseret First Credit Union's average interest rate for loans was 7.33%, while their most frequently originated rate bucket for loans was Over 8%, with 277 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 302 $16,150,000 $53,477 $2,984 8.29%
    $100k-200k 162 $20,600,000 $127,160 $4,683 8.04%
    $200k-400k 94 $26,490,000 $281,809 $6,521 7.42%
    $400k-600k 35 $16,105,000 $460,143 $9,841 7.02%
    $600k-1MM 13 $9,515,000 $731,923 $12,844 7.02%

    2023 saw Deseret First Credit Union place emphasis on $100,000 or less loans with 302 originations, totaling $16,150,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 197 $25,285,000 $128,350 $7,622 8.03%
    $150k-250k 161 $27,005,000 $167,733 $8,715 8.03%
    $75k-100k 107 $14,785,000 $138,178 $6,734 7.72%
    $50k-75k 60 $5,410,000 $90,167 $4,889 7.92%
    $250k+ 48 $13,160,000 $274,167 $9,892 8.28%
    $50k or less 33 $3,215,000 $97,424 $4,878 8.08%

    Deseret First Credit Union lent most frequently to those with incomes in the $100k-150k range, with 197 originations. The second most popular income band? $150k-250k, with 161 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 126 $14,620,000 $116,032 $6,738 7.87%
    30-36% 121 $13,665,000 $112,934 $8,251 8.10%
    <20% 68 $8,400,000 $123,529 $4,404 7.92%
    37% 30 $5,120,000 $170,667 $7,013 7.81%
    41% 29 $4,955,000 $170,862 $7,744 8.10%
    45% 25 $3,895,000 $155,800 $8,166 8.00%
    39% 25 $3,045,000 $121,800 $8,250 8.23%
    36% 24 $2,100,000 $87,500 $6,502 8.06%
    44% 24 $3,300,000 $137,500 $6,210 8.35%
    42% 22 $3,920,000 $178,182 $9,125 8.20%
    38% 21 $2,455,000 $116,905 $5,659 8.19%
    40% 20 $3,360,000 $168,000 $8,003 8.27%
    43% 17 $4,055,000 $238,529 $8,664 8.02%
    47% 15 $4,105,000 $273,667 $7,677 7.76%
    49% 13 $2,355,000 $181,154 $7,953 7.45%
    46% 8 $2,720,000 $340,000 $8,424 7.18%
    48% 8 $2,840,000 $355,000 $10,681 8.39%
    50-60% 6 $2,500,000 $416,667 $8,104 6.85%
    >60% 3 $1,385,000 $461,667 $8,713 6.38%

    Deseret First Credit Union lent most frequently to those with DTI ratios of 20-30%, with 126 originations. The next most common DTI ratio? 30-36%, with 121 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 566 $81,320,000 $143,675 $7,235 8.01%
    Not provided 21 $4,285,000 $204,048 $9,016 7.22%
    Black 6 $1,780,000 $296,667 $7,575 8.18%
    Not applicable 3 $605,000 $201,667 $0 8.83%
    Native Hawaiian or Islander 7 $595,000 $85,000 $3,000 8.50%
    Asian 2 $210,000 $105,000 $4,038 6.00%
    American Indian 1 $65,000 $65,000 $0 9.00%

    Approval Rates

    Total approvals of all applications
    84.45%

    Deseret First Credit Union has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    93.40%

    Deseret First Credit Union has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    1040.0 4 $270,000 $67,500
    1082.0 1 $335,000 $335,000
    1085.0 4 $380,000 $95,000
    1090.0 1 $315,000 $315,000
    1114.0 1 $325,000 $325,000
    1135.0 1 $125,000 $125,000
    1165.0 2 $250,000 $125,000
    1195.0 1 $205,000 $205,000
    1205.0 1 $225,000 $225,000
    1307.0 1 $405,000 $405,000
    1325.0 1 $285,000 $285,000
    1329.0 1 $375,000 $375,000
    1332.0 1 $405,000 $405,000
    1350.0 1 $65,000 $65,000
    1379.0 1 $435,000 $435,000
    1390.0 2 $160,000 $80,000
    1435.0 6 $590,000 $98,333
    1440.0 2 $230,000 $115,000
    1485.0 1 $125,000 $125,000
    1500.0 2 $460,000 $230,000
    1512.5 1 $125,000 $125,000
    1555.0 1 $245,000 $245,000
    1600.0 1 $215,000 $215,000
    1644.0 1 $585,000 $585,000
    1705.0 1 $625,000 $625,000
    1848.0 1 $255,000 $255,000
    1946.0 1 $415,000 $415,000
    2222.0 1 $265,000 $265,000
    240.0 319 $20,015,000 $62,743
    2463.0 1 $115,000 $115,000
    2465.0 1 $375,000 $375,000
    2679.0 1 $155,000 $155,000
    275.0 1 $55,000 $55,000
    285.0 1 $35,000 $35,000
    290.0 21 $2,505,000 $119,286
    300.0 1 $25,000 $25,000
    305.0 1 $15,000 $15,000
    320.0 18 $2,690,000 $149,444
    334.0 3 $125,000 $41,667
    3471.45 1 $65,000 $65,000
    350.0 16 $3,050,000 $190,625
    351.0 3 $125,000 $41,667
    365.0 4 $220,000 $55,000
    3744.51 1 $95,000 $95,000
    375.0 1 $175,000 $175,000
    382.0 1 $55,000 $55,000
    397.0 1 $65,000 $65,000
    400.0 1 $165,000 $165,000
    4020.0 1 $305,000 $305,000
    405.0 16 $3,940,000 $246,250
    4086.5 1 $315,000 $315,000
    413.0 1 $15,000 $15,000
    4330.0 1 $335,000 $335,000
    450.0 1 $125,000 $125,000
    484.0 1 $55,000 $55,000
    523.0 4 $420,000 $105,000
    548.0 2 $210,000 $105,000
    630.0 1 $305,000 $305,000
    7482.0 1 $405,000 $405,000
    751.34 1 $155,000 $155,000
    790.0 1 $55,000 $55,000
    824.0 1 $195,000 $195,000
    877.0 1 $35,000 $35,000
    902.27 1 $25,000 $25,000
    905.0 1 $55,000 $55,000
    980.0 1 $295,000 $295,000
    NA 129 $42,795,000 $331,744

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    606 $88,860,000 $146,634

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 116 $18,920,000 $163,103 $4,823 8.26%
    40-60% 37 $10,075,000 $272,297 $6,792 6.97%
    60-80% 40 $16,220,000 $405,500 $7,899 6.82%
    80-100% 41 $17,395,000 $424,268 $8,912 6.70%
    Under 20% 371 $26,185,000 $70,580 $3,299 8.27%