My Move Mortgage Rates, Fees & Info

Salt Lake City, UT

LEI: 54930016ZSB1QWXLRJ13

Tax ID: 81-4978092

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

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  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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 small mortgage company specializing in Home Purchase and Refi 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 29 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 low 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% 11/17/24
    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

    3,620

    Origination Dollar Volume (All Markets)

    $1,146,050,000
    Show all (21) awards

    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) 1,835 $590,575,000 $321,839 $4,058 3.04%
    PROVO-OREM, UT (FHA|USDA|VA) 847 $269,885,000 $318,636 $4,178 3.07%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 596 $185,980,000 $312,047 $4,062 3.04%
    ST. GEORGE, UT (FHA|USDA|VA) 151 $42,455,000 $281,159 $3,340 3.09%
    Heber, UT (FHA|USDA|VA) 48 $19,540,000 $407,083 $3,561 3.00%
    LOGAN, UT-ID (FHA|USDA|VA) 47 $10,725,000 $228,191 $3,324 3.08%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 27 $7,305,000 $270,556 $3,816 3.01%
    Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 8 $4,080,000 $510,000 $5,101 2.95%
    Outside of Metro Areas 20 $4,070,000 $203,500 $3,378 3.12%
    SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 3 $1,485,000 $495,000 $7,398 2.54%
    Vernal, UT (FHA|USDA|VA) 6 $1,230,000 $205,000 $3,694 3.25%
    Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 3 $1,095,000 $365,000 $4,266 3.08%
    HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 3 $955,000 $318,333 $4,777 2.71%
    BOISE CITY, ID (FHA|USDA|VA) 4 $930,000 $232,500 $4,518 2.72%
    Cedar City, UT (FHA|USDA|VA) 3 $675,000 $225,000 $3,016 3.46%
    San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 1 $675,000 $675,000 $2,964 2.50%
    AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $515,000 $515,000 $4,373 3.00%
    DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $480,000 $240,000 $4,407 3.06%
    Price, UT (FHA|USDA|VA) 2 $420,000 $210,000 $3,703 3.06%
    OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 1 $405,000 $405,000 $2,814 3.63%
    RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 1 $385,000 $385,000 $3,078 3.63%
    Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 1 $325,000 $325,000 $5,852 2.50%
    Rexburg, ID (FHA|USDA|VA) 3 $315,000 $105,000 $2,229 2.75%
    BOULDER, CO (FHA|USDA|VA) 1 $285,000 $285,000 $2,286 2.88%
    TUCSON, AZ (FHA|USDA|VA) 2 $280,000 $140,000 $2,570 3.56%
    IDAHO FALLS, ID (FHA|USDA|VA) 1 $275,000 $275,000 $8,436 3.63%
    Blackfoot, ID (FHA|USDA|VA) 1 $265,000 $265,000 $4,611 3.75%
    CORPUS CHRISTI, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,341 2.50%
    SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 1 $185,000 $185,000 $2,249 2.50%
    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)
  • California (FHA|USDA|VA)
  • Idaho (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.

    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 329
    State Bank of Southern Utah
    Similarity Rank: 420
    Jordan Federal Credit Union
    Similarity Rank: 430
    First Credit Union
    Similarity Rank: 1034
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1054
    ARIZONA CENTRAL
    Similarity Rank: 1056
    Armed Forces Bank
    Similarity Rank: 1136
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 1218
    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 1625
    ADVANTAGE PLUS
    Similarity Rank: 2010

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 3,166 $995,700,000 $314,498 $3,431 3.08%
    FHA 273 $86,865,000 $318,187 $9,476 2.98%
    VA 134 $49,490,000 $369,328 $6,604 2.71%
    USDA 47 $13,995,000 $297,766 $6,130 2.88%

    For 2020, My Move Mortgage's most frequently originated type of loan was Conventional, with 3,166 originations. Their 2nd most popular type was FHA, with 273 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,547 $512,415,000 $331,231 $4,917 3.13%
    Refi 1,488 $453,710,000 $304,913 $3,244 2.94%
    Cash Out Refi 585 $179,925,000 $307,564 $3,734 3.12%

    For 2020, My Move Mortgage's most frequently cited loan purpose was Home Purchase, with 1,547 originations. The 2nd most popular reason was Refi, with 1,488 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,212 $1,037,650,000 $323,054 $4,172 3.09%
    15 Year 268 $69,890,000 $260,784 $3,010 2.60%
    20 Year 99 $27,315,000 $275,909 $2,916 2.98%
    Other 32 $9,240,000 $288,750 $3,072 2.98%
    10 Year 9 $1,955,000 $217,222 $2,480 2.51%

    For 2020, My Move Mortgage's most frequently cited loan duration was 30 Year, with 3,212 originations. The 2nd most popular length was 15 Year, with 268 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 1,937 $606,895,000 $313,317
    $1k-2k 928 $271,970,000 $293,071
    $2k-3k 341 $110,915,000 $325,264
    $3k-4k 209 $70,705,000 $338,301
    $5k+ 104 $46,410,000 $446,250
    $4k-5k 101 $39,155,000 $387,673

    My Move Mortgage's average total fees were $4,172, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 1,937 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 1,732 $557,140,000 $321,674
    3-4% 1,278 $413,140,000 $323,271
    <2.5% 471 $152,485,000 $323,747
    4-5% 94 $21,680,000 $230,638
    5-6% 38 $1,520,000 $40,000
    6-7% 7 $85,000 $12,143

    During 2020, My Move Mortgage's average interest rate for loans was 3.09%, while their most frequently originated rate bucket for loans was 2.5-3%, with 1,732 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,259 $677,275,000 $299,812 $4,133 3.02%
    $400k-600k 726 $336,600,000 $463,636 $4,827 2.98%
    $100k-200k 447 $72,725,000 $162,696 $2,746 2.99%
    $100,000 or less 105 $4,055,000 $38,619 $936 4.58%
    $600k-1MM 81 $52,605,000 $649,444 $5,421 3.03%
    $1MM+ 2 $2,790,000 $1,395,000 $5,716 3.31%

    2020 saw My Move Mortgage place emphasis on $200k-400k loans with 2,259 originations, totaling $677,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 946 $248,890,000 $263,097 $4,029 3.12%
    $100k-150k 862 $306,600,000 $355,684 $4,057 3.00%
    $75k-100k 809 $250,765,000 $309,969 $4,216 3.08%
    $150k-250k 482 $192,600,000 $399,585 $4,106 3.00%
    $50k or less 367 $82,395,000 $224,510 $3,551 3.01%
    $250k+ 153 $64,515,000 $421,667 $4,000 3.01%

    My Move Mortgage lent most frequently to those with incomes in the $50k-75k range, with 946 originations. The second most popular income band? $100k-150k, with 862 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 867 $273,875,000 $315,888 $3,554 2.97%
    30-36% 719 $229,725,000 $319,506 $3,913 3.02%
    <20% 364 $107,850,000 $296,291 $3,135 2.87%
    43% 146 $46,000,000 $315,068 $4,382 3.26%
    44% 140 $45,330,000 $323,786 $4,365 3.14%
    40% 130 $43,320,000 $333,231 $4,312 3.15%
    39% 127 $42,205,000 $332,323 $4,459 3.10%
    41% 122 $38,690,000 $317,131 $4,328 3.16%
    42% 121 $40,285,000 $332,934 $4,077 3.17%
    38% 117 $38,115,000 $325,769 $4,487 3.15%
    36% 117 $36,885,000 $315,256 $4,008 3.12%
    37% 115 $38,205,000 $332,217 $3,665 3.07%
    50-60% 104 $31,650,000 $304,327 $8,280 3.29%
    45% 83 $25,405,000 $306,084 $4,359 3.13%
    49% 75 $22,645,000 $301,933 $4,584 3.20%
    48% 74 $23,360,000 $315,676 $4,394 3.10%
    46% 73 $24,165,000 $331,027 $4,763 3.24%
    47% 66 $19,770,000 $299,545 $3,929 3.10%
    >60% 3 $265,000 $88,333 $1,864 4.96%

    My Move Mortgage lent most frequently to those with DTI ratios of 20-30%, with 867 originations. The next most common DTI ratio? 30-36%, with 719 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,174 $1,011,050,000 $318,541 $4,044 3.05%
    Not provided 208 $61,850,000 $297,356 $4,014 3.07%
    Asian 176 $53,720,000 $305,227 $3,794 3.01%
    Native Hawaiian or Islander 32 $10,110,000 $315,938 $4,047 2.97%
    Black 19 $5,775,000 $303,947 $5,865 3.11%
    American Indian 11 $3,545,000 $322,273 $3,466 2.92%

    Approval Rates

    Total approvals of all applications
    99.37%

    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
    87.27%

    My Move Mortgage has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,620 $1,146,050,000 $316,588

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 1 $385,000 $385,000
    Single Family (1-4 Units):Site-Built 3,619 $1,145,665,000 $316,569

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 168 $34,290,000 $204,107 $2,750 2.78%
    40-60% 642 $180,990,000 $281,916 $2,977 2.85%
    60-80% 1,405 $466,035,000 $331,698 $3,537 3.08%
    80-100% 1,298 $454,860,000 $350,431 $5,352 3.04%
    Over 100% 18 $6,700,000 $372,222 $14,911 2.83%
    Under 20% 89 $3,175,000 $35,674 $668 4.84%