Utah Community Mortgage Rates, Fees & Info
Provo, UTLEI: 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 6.27% | 11/22/24 |
| 30 Year Conventional Purchase | 6.54% | 11/22/24 |
| 30 Year Conventional Refi | 6.30% | 11/22/24 |
| 30 Year Cash-out Refi | 6.55% | 11/22/24 |
| 30 Year FHA Purchase | 7.37% | 11/22/24 |
| 30 Year FHA Refi | 6.27% | 11/22/24 |
| 30 Year VA Purchase | 5.98% | 11/22/24 |
| 30 Year USDA Purchase | 6.65% | 11/22/24 |
| 15 Year Conventional Purchase | 5.84% | 11/22/24 |
| 15 Year Conventional Refi | 5.94% | 11/22/24 |
| 15 Year Cash-out Refi | 5.94% | 11/22/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,625Origination Dollar Volume (All Markets)
$531,625,000Awards
UTAH COMMUNITY - 2019
UTAH COMMUNITY is a 2019 , due to their low .
For 2019, less than of lenders were eligible for this award.
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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% |
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.
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Product Mix
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
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
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
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
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
2019 saw Utah Community place emphasis on $200k-400k loans with 1,059 originations, totaling $296,275,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications96.72%
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 origination65.56%
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 |