Utah Community Mortgage Rates, Fees & InfoProvo, UT
Tax ID: 87-0231088
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewUtah Community is a smaller mortgage company specializing in Home Improvement, Refi, and Home Purchase loans. Utah Community has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Provo, Salt Lake City, Heber, Ogden, and St. George among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)
Utah Community 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. Utah Community 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.
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|Simulated Rate||Simulation Date|
|Home Equity Line of Credit (HELOC)||6.27%||3/27/23|
|30 Year Conventional Purchase||6.54%||3/27/23|
|30 Year Conventional Refi||6.30%||3/27/23|
|30 Year Cash-out Refi||6.55%||3/27/23|
|30 Year FHA Purchase||7.37%||3/27/23|
|30 Year FHA Refi||6.27%||3/27/23|
|30 Year VA Purchase||5.98%||3/27/23|
|30 Year USDA Purchase||6.65%||3/27/23|
|15 Year Conventional Purchase||5.84%||3/27/23|
|15 Year Conventional Refi||5.94%||3/27/23|
|15 Year Cash-out Refi||5.94%||3/27/23|
|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.|
Origination Dollar Volume (All Markets)$468,795,000
Utah Community's average 30 year fixed mortgage rate was
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.2%.
Relative Fees (Closing Costs)
Utah Community's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,750.
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.
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|
|PROVO-OREM, UT (FHA|USDA|VA)||1,610||$342,440,000||$212,696||$5,590||3.78%|
|SALT LAKE CITY, UT (FHA|USDA|VA)||214||$50,340,000||$235,234||$6,400||3.79%|
|Heber, UT (FHA|USDA|VA)||99||$31,005,000||$313,182||$7,768||3.43%|
|OGDEN-CLEARFIELD, UT (FHA|USDA|VA)||54||$17,770,000||$329,074||$5,580||4.06%|
|Outside of Metro Areas||38||$10,080,000||$265,263||$6,342||4.15%|
|ST. GEORGE, UT (FHA|USDA|VA)||26||$7,080,000||$272,308||$5,852||3.83%|
|Vernal, UT (FHA|USDA|VA)||4||$3,360,000||$840,000||$7,715||4.53%|
|LOGAN, UT-ID (FHA|USDA|VA)||9||$3,235,000||$359,444||$8,445||5.37%|
|Price, UT (FHA|USDA|VA)||2||$2,870,000||$1,435,000||$5,229||4.56%|
|Cedar City, UT (FHA|USDA|VA)||3||$615,000||$205,000||$4,127||3.46%|
We use machine learning to identify the top lenders compared against UTAH COMMUNITY based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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For 2022, Utah Community's most frequently originated type of loan was HELOC, with 1,345 originations. Their 2nd most popular type was Conventional, with 692 originations.
For 2022, Utah Community's most frequently cited loan purpose was Home Improvement, with 954 originations. The 2nd most popular reason was Refi, with 443 originations.
For 2022, Utah Community's most frequently cited loan duration was 30 Year, with 544 originations. The 2nd most popular length was 10 Year, with 502 originations.
Origination Fees/Closing Costs
Utah Community's average total fees were $5,750, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 174 originations.
During 2022, Utah Community's average interest rate for loans was 4.56%, while their most frequently originated rate bucket for loans was <2.5%, with 660 originations.
2022 saw Utah Community place emphasis on $100,000 or less loans with 675 originations, totaling $36,745,000 in origination value.
Utah Community lent most frequently to those with incomes in the $100k-150k range, with 633 originations. The second most popular income band? $150k-250k, with 437 originations.
Applicant Debt to Income Ratio
Utah Community lent most frequently to those with DTI ratios of 20-30%, with 448 originations. The next most common DTI ratio? 30-36%, with 388 originations.
Approval RatesTotal approvals of all applications
Utah Community has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
Utah Community has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|