My Move Mortgage Rates, Fees & Info

Salt Lake City, UT

LEI: 54930016ZSB1QWXLRJ13

Tax ID: 81-4978092

4.9 stars - Updated: 11/30/23 - out of 5 stars, based on 32 reviews

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

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

    • Review & Overview

    My Move Mortgage is a smaller mortgage company specializing in Home Purchase loans. My Move Mortgage has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Salt Lake City, Provo, Ogden, St. George, and Heber among others. We have data for 20 markets. (Some data included below & more in-depth data is available with an active subscription.)

    My Move Mortgage has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. My Move Mortgage 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 about average 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
    30 Year Conventional Purchase 6.48% 11/30/23
    30 Year Conventional Refi 6.45% 11/30/23
    30 Year Cash-out Refi 6.61% 11/30/23
    30 Year FHA Purchase 7.34% 11/30/23
    30 Year FHA Refi 6.27% 11/30/23
    30 Year VA Purchase 6.12% 11/30/23
    30 Year VA Refi 6.27% 11/30/23
    30 Year USDA Purchase 5.68% 11/30/23
    15 Year Conventional Purchase 5.92% 11/30/23
    15 Year Conventional Refi 6.11% 11/30/23
    15 Year Cash-out Refi 6.11% 11/30/23
    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.

    My Move Mortgage Mortgage Calculator






    Your Estimates

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

    This is not an official calculator from My Move Mortgage. 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

    1,026

    Origination Dollar Volume (All Markets)

    $435,750,000

    Awards

    MY MOVE MORTGAGE 30 Year Conventional Loans silver MY MOVE MORTGAGE 30 Year Conventional Loans gold MY MOVE MORTGAGE 30 Year Conventional Loans bronze MY MOVE MORTGAGE USDA Loans silver
    Show all (4) awards

    Relative Rate

    My Move Mortgage's average 30 year fixed mortgage rate was 4.83%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of 0.07%.

    Relative Fees (Closing Costs)

    My Move Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $6,435.

    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 $4,750.

    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) 416 $174,710,000 $419,976 $6,899 4.80%
    PROVO-OREM, UT (FHA|USDA|VA) 311 $134,585,000 $432,749 $5,972 4.75%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 189 $79,145,000 $418,757 $6,144 4.86%
    ST. GEORGE, UT (FHA|USDA|VA) 48 $19,150,000 $398,958 $4,898 4.39%
    Heber, UT (FHA|USDA|VA) 21 $13,685,000 $651,667 $7,087 4.72%
    Outside of Metro Areas 10 $3,390,000 $339,000 $5,351 5.65%
    LOGAN, UT-ID (FHA|USDA|VA) 8 $3,220,000 $402,500 $5,074 5.17%
    Cedar City, UT (FHA|USDA|VA) 7 $2,455,000 $350,714 $5,276 4.68%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $1,505,000 $501,667 $6,729 4.58%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $710,000 $355,000 $7,386 3.00%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 2 $600,000 $300,000 $3,559 3.19%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $465,000 $465,000 $6,582 6.63%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 1 $455,000 $455,000 $3,944 4.50%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 1 $425,000 $425,000 $4,390 6.50%
    SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 1 $285,000 $285,000 $11,276 6.13%
    BOISE CITY, ID (FHA|USDA|VA) 1 $225,000 $225,000 $8,544 5.38%
    Price, UT (FHA|USDA|VA) 1 $205,000 $205,000 $4,482 3.88%
    Burley, ID (FHA|USDA|VA) 1 $195,000 $195,000 $0 6.13%
    TWIN FALLS, ID (FHA|USDA|VA) 1 $175,000 $175,000 $3,340 3.99%
    LONGVIEW, TX (FHA|USDA|VA) 1 $165,000 $165,000 $5,060 5.63%
    My Move Mortgage's top markets include Salt Lake City, Provo, Ogden, St. George, and Heber among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • California (FHA|USDA|VA)

    • Similar Lenders

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

    First Credit Union
    Similarity Rank: 210
    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    State Bank of Southern Utah
    Similarity Rank: 486
    TRANSWEST CREDIT UNION
    Similarity Rank: 580
    Jordan Federal Credit Union
    Similarity Rank: 784
    ADVANTAGE PLUS
    Similarity Rank: 975
    ARIZONA CENTRAL
    Similarity Rank: 1166
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1170
    Central Bank
    Similarity Rank: 1379

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 910 $384,860,000 $422,923 $5,485 4.78%
    FHA 80 $33,080,000 $413,500 $13,296 4.93%
    VA 35 $17,595,000 $502,714 $12,369 4.59%
    USDA 1 $215,000 $215,000 $4,828 4.13%

    For 2022, My Move Mortgage's most frequently originated type of loan was Conventional, with 910 originations. Their 2nd most popular type was FHA, with 80 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 869 $380,995,000 $438,429 $6,543 4.90%
    Cash Out Refi 115 $41,755,000 $363,087 $5,346 4.28%
    Refi 40 $12,690,000 $317,250 $4,619 3.77%
    Home Improvement 2 $310,000 $155,000 $5,040 4.38%

    For 2022, My Move Mortgage's most frequently cited loan purpose was Home Purchase, with 869 originations. The 2nd most popular reason was Cash Out Refi, with 115 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 980 $422,770,000 $431,398 $6,435 4.83%
    15 Year 38 $10,890,000 $286,579 $4,185 3.75%
    20 Year 6 $1,930,000 $321,667 $4,404 4.35%
    10 Year 2 $160,000 $80,000 $2,550 3.88%

    For 2022, My Move Mortgage's most frequently cited loan duration was 30 Year, with 980 originations. The 2nd most popular length was 15 Year, with 38 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 352 $146,810,000 $417,074
    $5k+ 239 $117,145,000 $490,146
    $2k-3k 121 $48,055,000 $397,149
    $1k-2k 115 $43,675,000 $379,783
    $4k-5k 107 $43,875,000 $410,047
    $3k-4k 83 $33,945,000 $408,976

    My Move Mortgage's average total fees were $6,435, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 352 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 301 $128,625,000 $427,326
    3-4% 297 $124,615,000 $419,579
    4-5% 265 $123,625,000 $466,509
    6-7% 92 $37,860,000 $411,522
    2.5-3% 36 $14,350,000 $398,611
    7-8% 25 $5,545,000 $221,800
    Over 8% 5 $95,000 $19,000
    <2.5% 5 $1,035,000 $207,000

    During 2022, My Move Mortgage's average interest rate for loans was 4.83%, while their most frequently originated rate bucket for loans was 5-6%, with 301 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 431 $210,835,000 $489,176 $7,387 4.71%
    $200k-400k 329 $103,435,000 $314,392 $5,767 4.71%
    $600k-1MM 158 $104,940,000 $664,177 $6,814 4.80%
    $100k-200k 71 $11,575,000 $163,028 $3,664 4.75%
    $100,000 or less 34 $1,280,000 $37,647 $874 6.32%
    $1MM+ 3 $3,685,000 $1,228,333 $11,830 5.04%

    2022 saw My Move Mortgage place emphasis on $400k-600k loans with 431 originations, totaling $210,835,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 326 $146,710,000 $450,031 $6,852 4.88%
    $150k-250k 220 $116,020,000 $527,364 $6,318 4.87%
    $75k-100k 214 $80,200,000 $374,766 $6,714 4.88%
    $50k-75k 171 $52,395,000 $306,404 $5,602 4.58%
    $250k+ 64 $34,300,000 $535,938 $5,776 4.56%
    $50k or less 31 $6,125,000 $197,581 $3,645 4.14%

    My Move Mortgage lent most frequently to those with incomes in the $100k-150k range, with 326 originations. The second most popular income band? $150k-250k, with 220 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 159 $67,825,000 $426,572 $5,782 4.75%
    20-30% 149 $58,865,000 $395,067 $5,088 4.37%
    44% 65 $28,355,000 $436,231 $6,229 4.86%
    50-60% 59 $21,505,000 $364,492 $11,423 5.31%
    42% 59 $26,375,000 $447,034 $6,637 5.08%
    45% 55 $24,175,000 $439,545 $6,139 4.78%
    43% 55 $25,195,000 $458,091 $6,499 4.93%
    41% 50 $23,010,000 $460,200 $6,158 4.81%
    49% 45 $18,955,000 $421,222 $6,162 4.96%
    <20% 44 $15,390,000 $349,773 $4,939 4.35%
    47% 40 $18,660,000 $466,500 $7,331 4.85%
    48% 39 $15,685,000 $402,179 $5,725 4.83%
    38% 37 $17,255,000 $466,351 $7,032 4.85%
    36% 37 $15,035,000 $406,351 $5,778 4.83%
    40% 36 $16,170,000 $449,167 $6,071 5.09%
    37% 36 $16,100,000 $447,222 $5,608 4.71%
    39% 33 $14,925,000 $452,273 $8,159 4.68%
    46% 28 $12,270,000 $438,214 $5,930 4.90%

    My Move Mortgage lent most frequently to those with DTI ratios of 30-36%, with 159 originations. The next most common DTI ratio? 20-30%, with 149 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 869 $365,445,000 $420,535 $6,272 4.80%
    Not provided 73 $32,225,000 $441,438 $5,749 4.83%
    Asian 54 $23,830,000 $441,296 $6,579 4.61%
    Black 13 $6,155,000 $473,462 $9,419 4.52%
    Native Hawaiian or Islander 9 $4,135,000 $459,444 $11,343 5.03%
    American Indian 8 $3,960,000 $495,000 $5,871 4.36%

    Approval Rates

    Total approvals of all applications
    99.56%

    My Move Mortgage has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    71.25%

    My Move Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 1,026 $435,750,000 $424,708

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,026 $435,750,000 $424,708

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 62 $14,680,000 $236,774 $4,049 4.35%
    40-60% 141 $50,445,000 $357,766 $4,961 4.66%
    60-80% 342 $150,490,000 $440,029 $6,251 4.78%
    80-100% 438 $213,940,000 $488,447 $7,291 4.76%
    Over 100% 8 $4,490,000 $561,250 $22,221 4.25%
    Under 20% 35 $1,705,000 $48,714 $1,017 6.39%