My Move Mortgage Rates, Fees & Info

Salt Lake City, UT

LEI: 54930016ZSB1QWXLRJ13

Tax ID: 81-4978092

5 stars - Updated: 11/17/24 - out of 5 stars, based on 29 reviews

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

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  • 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 19 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 a high 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
    30 Year Conventional Purchase 6.48% 11/17/24
    30 Year Conventional Refi 6.45% 11/17/24
    30 Year Cash-out Refi 6.61% 11/17/24
    30 Year FHA Purchase 7.34% 11/17/24
    30 Year FHA Refi 6.27% 11/17/24
    30 Year VA Purchase 6.12% 11/17/24
    30 Year VA Refi 6.27% 11/17/24
    30 Year USDA Purchase 5.68% 11/17/24
    15 Year Conventional Purchase 5.92% 11/17/24
    15 Year Conventional Refi 6.11% 11/17/24
    15 Year Cash-out Refi 6.11% 11/17/24
    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.

    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

    846

    Origination Dollar Volume (All Markets)

    $382,070,000
    Show all (8) awards

    Relative Rate

    My Move Mortgage's average 30 year fixed mortgage rate was 6.37%.

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

    This yields a difference of -0.11%.

    Relative Fees (Closing Costs)

    My Move Mortgage's average total fees/closing costs for a 30 year fixed rate mortgage were $8,893.

    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) 274 $125,290,000 $457,263 $9,800 6.33%
    PROVO-OREM, UT (FHA|USDA|VA) 230 $104,930,000 $456,217 $6,882 6.19%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 128 $60,880,000 $475,625 $9,069 6.24%
    ST. GEORGE, UT (FHA|USDA|VA) 80 $31,300,000 $391,250 $9,117 6.47%
    Heber, UT (FHA|USDA|VA) 53 $30,835,000 $581,792 $8,995 6.74%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 24 $10,600,000 $441,667 $10,043 7.08%
    BOISE CITY, ID (FHA|USDA|VA) 27 $9,295,000 $344,259 $13,005 6.76%
    Cedar City, UT (FHA|USDA|VA) 7 $2,085,000 $297,857 $8,650 7.32%
    LOGAN, UT-ID (FHA|USDA|VA) 5 $2,045,000 $409,000 $9,580 6.72%
    Outside of Metro Areas 7 $1,765,000 $252,143 $5,963 6.82%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $695,000 $231,667 $8,446 7.17%
    DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 1 $525,000 $525,000 $10,755 5.99%
    PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 1 $505,000 $505,000 $6,850 6.63%
    Mountain Home, ID (FHA|USDA|VA) 1 $365,000 $365,000 $10,742 4.88%
    ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 1 $265,000 $265,000 $8,071 7.88%
    CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 1 $225,000 $225,000 $5,611 5.99%
    Price, UT (FHA|USDA|VA) 1 $195,000 $195,000 $4,882 5.88%
    TALLAHASSEE, FL (FHA|USDA|VA) 1 $165,000 $165,000 $5,573 7.13%
    Rock Springs, WY (FHA|USDA|VA) 1 $105,000 $105,000 $2,403 6.75%
    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)
  • Arizona (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Texas (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.

    State Bank of Southern Utah
    Similarity Rank: 176
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 300
    CREDIT UNION WEST
    Similarity Rank: 814
    CYPRUS Federal Credit Union
    Similarity Rank: 900
    OneAZ Credit Union
    Similarity Rank: 924
    Utah Power
    Similarity Rank: 975
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 1000
    Canyon State Credit Union
    Similarity Rank: 1020
    UTAH COMMUNITY
    Similarity Rank: 1152
    ARIZONA CENTRAL
    Similarity Rank: 1166

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 696 $316,670,000 $454,986 $7,182 6.40%
    FHA 123 $52,115,000 $423,699 $16,628 6.23%
    VA 26 $12,970,000 $498,846 $15,422 6.26%
    USDA 1 $315,000 $315,000 $10,533 5.88%

    For 2023, My Move Mortgage's most frequently originated type of loan was Conventional, with 696 originations. Their 2nd most popular type was FHA, with 123 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 770 $347,860,000 $451,766 $8,710 6.32%
    Refi 48 $23,410,000 $487,708 $10,357 6.98%
    Cash Out Refi 28 $10,800,000 $385,714 $9,002 6.91%

    For 2023, My Move Mortgage's most frequently cited loan purpose was Home Purchase, with 770 originations. The 2nd most popular reason was Refi, with 48 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 829 $376,975,000 $454,735 $8,893 6.37%
    15 Year 17 $5,095,000 $299,706 $4,814 6.54%

    For 2023, My Move Mortgage's most frequently cited loan duration was 30 Year, with 829 originations. The 2nd most popular length was 15 Year, with 17 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 360 $177,140,000 $492,056
    $<1k 275 $121,525,000 $441,909
    $4k-5k 67 $26,285,000 $392,313
    $2k-3k 51 $20,575,000 $403,431
    $3k-4k 50 $17,920,000 $358,400
    $1k-2k 40 $17,190,000 $429,750

    My Move Mortgage's average total fees were $8,893, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 360 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 367 $166,335,000 $453,229
    5-6% 243 $116,775,000 $480,556
    7-8% 168 $68,290,000 $406,488
    4-5% 61 $28,775,000 $471,721
    Over 8% 7 $1,895,000 $270,714

    During 2023, My Move Mortgage's average interest rate for loans was 6.37%, while their most frequently originated rate bucket for loans was 6-7%, with 367 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $400k-600k 343 $169,055,000 $492,872 $9,976 6.28%
    $200k-400k 263 $82,255,000 $312,757 $7,881 6.40%
    $600k-1MM 167 $114,225,000 $683,982 $9,952 6.30%
    $100k-200k 36 $5,850,000 $162,500 $4,189 6.32%
    $100,000 or less 29 $545,000 $18,793 $256 7.56%
    $1MM+ 8 $10,140,000 $1,267,500 $17,897 6.61%

    2023 saw My Move Mortgage place emphasis on $400k-600k loans with 343 originations, totaling $169,055,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 262 $119,600,000 $456,489 $8,775 6.25%
    $150k-250k 229 $124,525,000 $543,777 $8,716 6.51%
    $75k-100k 137 $48,395,000 $353,248 $9,952 6.44%
    $250k+ 110 $61,920,000 $562,909 $9,164 6.53%
    $50k-75k 87 $23,485,000 $269,943 $7,531 6.10%
    $50k or less 21 $4,145,000 $197,381 $6,324 6.35%

    My Move Mortgage lent most frequently to those with incomes in the $100k-150k range, with 262 originations. The second most popular income band? $150k-250k, with 229 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 122 $54,460,000 $446,393 $6,774 6.29%
    20-30% 96 $41,370,000 $430,938 $6,880 6.33%
    50-60% 72 $29,140,000 $404,722 $15,067 6.50%
    49% 67 $29,515,000 $440,522 $9,294 6.39%
    44% 50 $22,960,000 $459,200 $7,763 6.33%
    48% 49 $24,795,000 $506,020 $10,733 6.28%
    <20% 45 $22,095,000 $491,000 $8,697 6.36%
    45% 43 $20,275,000 $471,512 $8,237 6.57%
    43% 37 $16,995,000 $459,324 $8,720 6.21%
    41% 36 $15,500,000 $430,556 $9,557 6.30%
    47% 34 $14,360,000 $422,353 $8,677 6.45%
    38% 32 $13,360,000 $417,500 $6,945 6.39%
    42% 29 $14,105,000 $486,379 $10,527 6.60%
    46% 29 $12,505,000 $431,207 $7,887 6.49%
    40% 28 $14,410,000 $514,643 $8,287 6.45%
    36% 27 $13,065,000 $483,889 $7,307 6.26%
    37% 26 $11,490,000 $441,923 $6,740 6.30%
    39% 23 $11,655,000 $506,739 $12,421 6.32%
    >60% 1 $15,000 $15,000 $343 7.75%

    My Move Mortgage lent most frequently to those with DTI ratios of 30-36%, with 122 originations. The next most common DTI ratio? 20-30%, with 96 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 706 $313,850,000 $444,547 $8,699 6.38%
    Not provided 75 $37,155,000 $495,400 $9,172 6.42%
    Asian 42 $22,010,000 $524,048 $9,445 6.06%
    Black 10 $4,030,000 $403,000 $8,983 6.54%
    Native Hawaiian or Islander 8 $3,270,000 $408,750 $9,894 6.22%
    American Indian 5 $1,755,000 $351,000 $11,621 6.45%

    Approval Rates

    Total approvals of all applications
    99.74%

    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
    78.49%

    My Move Mortgage has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 846 $382,070,000 $451,619

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    846 $382,070,000 $451,619

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 40 $11,490,000 $287,250 $5,172 6.41%
    40-60% 112 $46,760,000 $417,500 $6,886 6.45%
    60-80% 253 $122,445,000 $483,972 $8,136 6.39%
    80-100% 402 $196,750,000 $489,428 $10,488 6.25%
    Over 100% 7 $3,605,000 $515,000 $25,917 6.50%
    Under 20% 32 $1,020,000 $31,875 $518 7.47%