Utah Community Mortgage Rates, Fees & Info

Provo, UT

LEI: 549300BOLK89ZL7BNX85

Tax ID: 87-0231088

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Mortgage Data

Review & Overview

Utah Community is a smaller mortgage company specializing in Refi, Home Purchase, and Cash Out Refi 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, Heber, Salt Lake City, St. George, and Ogden among others. We have data for 13 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 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
Home Equity Line of Credit (HELOC) 6.27% 3/28/24
30 Year Conventional Purchase 6.54% 3/28/24
30 Year Conventional Refi 6.30% 3/28/24
30 Year Cash-out Refi 6.55% 3/28/24
30 Year FHA Purchase 7.37% 3/28/24
30 Year FHA Refi 6.27% 3/28/24
30 Year VA Purchase 5.98% 3/28/24
30 Year USDA Purchase 6.65% 3/28/24
15 Year Conventional Purchase 5.84% 3/28/24
15 Year Conventional Refi 5.94% 3/28/24
15 Year Cash-out Refi 5.94% 3/28/24
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.

Utah Community Mortgage Calculator






Your Estimates

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

This is not an official calculator from Utah Community. 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

2,625

Origination Dollar Volume (All Markets)

$531,625,000
Show all (5) 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
PROVO-OREM, UT (FHA|USDA|VA) 2,159 $417,705,000 $193,472 $4,485 3.91%
Heber, UT (FHA|USDA|VA) 163 $45,795,000 $280,951 $4,997 4.00%
SALT LAKE CITY, UT (FHA|USDA|VA) 191 $43,865,000 $229,660 $4,495 3.86%
ST. GEORGE, UT (FHA|USDA|VA) 26 $6,990,000 $268,846 $4,486 3.84%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 31 $6,925,000 $223,387 $4,227 3.51%
Outside of Metro Areas 42 $6,020,000 $143,333 $4,415 4.10%
Evanston, WY (FHA|USDA|VA) 1 $1,655,000 $1,655,000 $0 5.50%
LOGAN, UT-ID (FHA|USDA|VA) 6 $1,360,000 $226,667 $4,179 3.60%
Vernal, UT (FHA|USDA|VA) 1 $485,000 $485,000 $0 4.75%
Cedar City, UT (FHA|USDA|VA) 2 $320,000 $160,000 $4,273 4.38%
Price, UT (FHA|USDA|VA) 1 $245,000 $245,000 $4,810 3.50%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $0 5.25%
Mountain Home, ID (FHA|USDA|VA) 1 $25,000 $25,000 $0 6.00%
Utah Community's top markets include Provo, Heber, Salt Lake City, St. George, and Ogden among others.

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

    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.

    State Bank of Southern Utah
    Similarity Rank: 189
    Jordan Federal Credit Union
    Similarity Rank: 245
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 329
    CHARTWAY FEDERAL CREDIT UNION
    Similarity Rank: 470
    Wasatch Peaks Federal Credit Union
    Similarity Rank: 900
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1598
    West Gate Bank
    Similarity Rank: 1925
    SUN AMERICAN MORTGAGE COMPANY
    Similarity Rank: 2109
    CYPRUS Federal Credit Union
    Similarity Rank: 2565
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 2716

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,565 $425,615,000 $271,958 $4,276 3.94%
    HELOC 968 $80,890,000 $83,564 n/a 3.87%
    FHA 53 $13,795,000 $260,283 $8,748 3.92%
    USDA 20 $5,110,000 $255,500 $6,824 3.58%
    VA 19 $6,215,000 $327,105 $9,545 3.85%

    For 2019, Utah Community's most frequently originated type of loan was Conventional, with 1,565 originations. Their 2nd most popular type was HELOC, with 968 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 745 $171,925,000 $230,772 $3,841 3.68%
    Home Purchase 726 $193,110,000 $265,992 $4,975 4.15%
    Home Improvement 637 $39,675,000 $62,284 $0 3.96%
    Cash Out Refi 493 $123,315,000 $250,132 $4,626 3.84%
    Other 24 $3,600,000 $150,000 $3,333 3.92%

    For 2019, Utah Community's most frequently cited loan purpose was Refi, with 745 originations. The 2nd most popular reason was Home Purchase, with 726 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,320 $365,080,000 $276,576 $4,639 4.09%
    Other 910 $73,020,000 $80,242 $1,876 3.74%
    15 Year 205 $46,625,000 $227,439 $4,112 3.39%
    20 Year 96 $24,200,000 $252,083 $4,263 3.67%
    10 Year 92 $22,040,000 $239,565 $3,128 4.47%
    30+ year 2 $660,000 $330,000 $0 2.24%

    For 2019, Utah Community's most frequently cited loan duration was 30 Year, with 1,320 originations. The 2nd most popular length was Other, with 910 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $2k-3k 513 $118,625,000 $231,238
    $3k-4k 329 $96,005,000 $291,809
    $1k-2k 277 $58,255,000 $210,307
    $<1k 255 $69,595,000 $272,922
    $4k-5k 135 $47,315,000 $350,481
    $5k+ 115 $48,635,000 $422,913

    Utah Community's average total fees were $4,639, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 513 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 1,094 $302,180,000 $276,216
    4-5% 531 $129,795,000 $244,435
    <2.5% 479 $43,025,000 $89,823
    5-6% 406 $42,810,000 $105,443
    2.5-3% 55 $11,295,000 $205,364
    6-7% 47 $2,415,000 $51,383
    7-8% 13 $105,000 $8,077

    During 2019, Utah Community's average interest rate for loans was 4.09%, while their most frequently originated rate bucket for loans was 3-4%, with 1,094 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,059 $296,275,000 $279,769 $4,802 3.85%
    $100,000 or less 752 $34,900,000 $46,410 $1,460 4.04%
    $100k-200k 595 $89,505,000 $150,429 $3,447 3.85%
    $400k-600k 188 $85,450,000 $454,521 $5,917 3.85%
    $600k-1MM 25 $17,335,000 $693,400 $6,387 4.40%
    $1MM+ 6 $8,160,000 $1,360,000 $6,193 4.37%

    2019 saw Utah Community place emphasis on $200k-400k loans with 1,059 originations, totaling $296,275,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 662 $132,940,000 $200,816 $4,980 3.83%
    $50k-75k 655 $130,665,000 $199,489 $4,400 3.99%
    $75k-100k 563 $110,905,000 $196,989 $4,676 3.92%
    $150k-250k 302 $65,190,000 $215,861 $5,052 3.76%
    $50k or less 289 $43,125,000 $149,221 $3,570 4.00%
    $250k+ 83 $27,615,000 $332,711 $5,537 3.83%

    Utah Community lent most frequently to those with incomes in the $100k-150k range, with 662 originations. The second most popular income band? $50k-75k, with 655 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 601 $111,365,000 $185,300 $4,281 3.79%
    30-36% 576 $107,500,000 $186,632 $4,489 3.90%
    <20% 213 $36,375,000 $170,775 $3,891 3.77%
    42% 133 $29,415,000 $221,165 $4,635 3.99%
    41% 122 $23,960,000 $196,393 $4,712 3.95%
    39% 120 $26,500,000 $220,833 $5,042 3.94%
    40% 114 $24,580,000 $215,614 $4,620 4.03%
    36% 107 $21,705,000 $202,850 $4,610 3.80%
    43% 107 $26,545,000 $248,084 $5,014 4.12%
    38% 104 $21,580,000 $207,500 $4,703 3.90%
    37% 100 $20,220,000 $202,200 $4,782 3.77%
    44% 78 $18,440,000 $236,410 $4,343 4.16%
    45% 54 $14,010,000 $259,444 $4,421 4.12%
    46% 38 $9,610,000 $252,895 $4,778 4.46%
    48% 36 $9,660,000 $268,333 $5,105 3.93%
    49% 33 $8,945,000 $271,061 $4,872 3.94%
    47% 30 $6,540,000 $218,000 $4,217 4.09%
    50-60% 15 $2,305,000 $153,667 $4,832 3.87%
    >60% 11 $1,555,000 $141,364 $0 3.15%

    Utah Community lent most frequently to those with DTI ratios of 20-30%, with 601 originations. The next most common DTI ratio? 30-36%, with 576 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,349 $472,715,000 $201,241 $4,510 3.90%
    Not provided 173 $31,605,000 $182,688 $4,594 3.91%
    Not applicable 30 $10,150,000 $338,333 $0 4.93%
    Asian 34 $8,010,000 $235,588 $4,361 3.79%
    Native Hawaiian or Islander 16 $3,910,000 $244,375 $3,965 3.79%
    Black 11 $2,755,000 $250,455 $4,836 3.57%
    American Indian 5 $1,595,000 $319,000 $5,628 3.78%
    Other Pacific Islander 2 $270,000 $135,000 $4,519 2.93%
    Japanese 1 $215,000 $215,000 $6,182 3.50%
    Samoan 2 $190,000 $95,000 $0 2.24%
    Filipino 1 $175,000 $175,000 $2,955 4.25%
    Asian Indian 1 $35,000 $35,000 $0 2.24%

    Approval Rates

    Total approvals of all applications
    96.72%

    Utah Community 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
    65.56%

    Utah Community has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,625 $531,625,000 $202,524

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,810,000 $952,500
    Single Family (1-4 Units):Site-Built 2,621 $527,815,000 $201,379

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 345 $42,565,000 $123,377 $3,141 3.80%
    40-60% 354 $81,810,000 $231,102 $3,846 3.64%
    60-80% 707 $208,885,000 $295,453 $4,692 3.96%
    80-100% 579 $169,275,000 $292,358 $5,063 3.93%
    Under 20% 640 $29,090,000 $45,453 $1,000 4.04%