Utah Community Mortgage Rates, Fees & Info

Provo, UT

LEI: 549300BOLK89ZL7BNX85

Tax ID: 87-0231088

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

Jump to:

  • 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

    Utah Community is a smaller mortgage company specializing in Refi, Cash Out 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 11 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.

    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% 11/21/24
    30 Year Conventional Purchase 6.54% 11/21/24
    30 Year Conventional Refi 6.30% 11/21/24
    30 Year Cash-out Refi 6.55% 11/21/24
    30 Year FHA Purchase 7.37% 11/21/24
    30 Year FHA Refi 6.27% 11/21/24
    30 Year VA Purchase 5.98% 11/21/24
    30 Year USDA Purchase 6.65% 11/21/24
    15 Year Conventional Purchase 5.84% 11/21/24
    15 Year Conventional Refi 5.94% 11/21/24
    15 Year Cash-out Refi 5.94% 11/21/24
    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

    3,412

    Origination Dollar Volume (All Markets)

    $804,960,000
    Show all (6) 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) 2,701 $615,035,000 $227,706 $5,300 2.79%
    SALT LAKE CITY, UT (FHA|USDA|VA) 297 $75,815,000 $255,269 $3,908 2.75%
    Heber, UT (FHA|USDA|VA) 216 $66,230,000 $306,620 $4,632 2.91%
    Outside of Metro Areas 68 $16,110,000 $236,912 $5,040 3.02%
    OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 62 $15,170,000 $244,677 $3,556 2.86%
    ST. GEORGE, UT (FHA|USDA|VA) 36 $9,440,000 $262,222 $3,726 3.15%
    LOGAN, UT-ID (FHA|USDA|VA) 10 $2,320,000 $232,000 $3,080 3.01%
    Cedar City, UT (FHA|USDA|VA) 8 $2,070,000 $258,750 $3,663 2.98%
    Price, UT (FHA|USDA|VA) 7 $1,435,000 $205,000 $3,651 2.82%
    Vernal, UT (FHA|USDA|VA) 6 $1,160,000 $193,333 $3,174 2.75%
    LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $175,000 $175,000 $0 3.50%
    Utah Community's top markets include Provo, Salt Lake City, Heber, Ogden, and St. George among others.

    Their top states include:
  • Utah (FHA|USDA|VA)
  • Nevada (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.

    HORIZON UTAH Federal Credit Union
    Similarity Rank: 350
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 384
    State Bank of Southern Utah
    Similarity Rank: 432
    Jordan Federal Credit Union
    Similarity Rank: 980
    TRANSWEST CREDIT UNION
    Similarity Rank: 1160
    Central Bank
    Similarity Rank: 1379
    Hercules First Federal Credit Union
    Similarity Rank: 1610
    D. L. Evans Bank
    Similarity Rank: 2640
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 2812
    CHARTWAY FEDERAL CREDIT UNION
    Similarity Rank: 3220

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 2,105 $638,095,000 $303,133 $4,965 2.91%
    HELOC 1,253 $148,545,000 $118,551 n/a 2.64%
    FHA 30 $9,720,000 $324,000 $10,144 2.81%
    VA 18 $6,940,000 $385,556 $6,953 2.58%
    USDA 6 $1,660,000 $276,667 $5,813 2.65%

    For 2021, Utah Community's most frequently originated type of loan was Conventional, with 2,105 originations. Their 2nd most popular type was HELOC, with 1,253 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 1,098 $267,230,000 $243,379 $6,747 2.68%
    Home Improvement 890 $79,690,000 $89,539 $0 2.70%
    Cash Out Refi 735 $209,725,000 $285,340 $3,476 2.92%
    Home Purchase 670 $243,770,000 $363,836 $4,761 3.04%
    Other 19 $4,545,000 $239,211 $3,018 2.77%

    For 2021, Utah Community's most frequently cited loan purpose was Refi, with 1,098 originations. The 2nd most popular reason was Home Improvement, with 890 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,558 $483,870,000 $310,571 $5,681 3.02%
    Other 1,192 $144,260,000 $121,023 $5,322 2.56%
    15 Year 377 $80,305,000 $213,011 $2,854 2.44%
    10 Year 116 $41,170,000 $354,914 $2,269 3.29%
    20 Year 109 $24,865,000 $228,119 $2,565 2.78%
    30+ year 60 $30,490,000 $508,167 $9,673 3.63%

    For 2021, Utah Community's most frequently cited loan duration was 30 Year, with 1,558 originations. The 2nd most popular length was Other, with 1,192 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 851 $247,675,000 $291,040
    $1k-2k 586 $144,310,000 $246,263
    $2k-3k 291 $81,155,000 $278,883
    $3k-4k 160 $53,310,000 $333,188
    $5k+ 139 $66,985,000 $481,906
    $4k-5k 84 $29,180,000 $347,381

    Utah Community's average total fees were $5,681, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 851 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 1,156 $187,640,000 $162,318
    2.5-3% 1,133 $335,205,000 $295,856
    3-4% 735 $233,415,000 $317,571
    4-5% 368 $47,240,000 $128,370
    5-6% 11 $495,000 $45,000

    During 2021, Utah Community's average interest rate for loans was 3.02%, while their most frequently originated rate bucket for loans was <2.5%, with 1,156 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,323 $375,935,000 $284,153 $3,550 2.83%
    $100k-200k 806 $119,250,000 $147,953 $8,801 2.60%
    $100,000 or less 790 $42,030,000 $53,203 $1,709 2.86%
    $400k-600k 415 $196,225,000 $472,831 $4,947 2.96%
    $600k-1MM 62 $43,900,000 $708,065 $8,230 3.10%
    $1MM+ 16 $27,620,000 $1,726,250 $17,815 3.83%

    2021 saw Utah Community place emphasis on $200k-400k loans with 1,323 originations, totaling $375,935,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 872 $200,800,000 $230,275 $3,839 2.77%
    $50k-75k 742 $153,280,000 $206,577 $8,418 2.85%
    $75k-100k 700 $159,070,000 $227,243 $3,618 2.84%
    $150k-250k 527 $130,575,000 $247,770 $4,581 2.72%
    $50k or less 303 $55,015,000 $181,568 $2,955 2.81%
    $250k+ 188 $61,710,000 $328,245 $5,445 2.79%

    Utah Community lent most frequently to those with incomes in the $100k-150k range, with 872 originations. The second most popular income band? $50k-75k, with 742 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 866 $188,170,000 $217,286 $9,106 2.73%
    30-36% 682 $162,900,000 $238,856 $3,703 2.84%
    <20% 385 $69,315,000 $180,039 $3,027 2.70%
    42% 145 $32,535,000 $224,379 $3,724 2.84%
    39% 139 $33,265,000 $239,317 $4,337 2.95%
    37% 138 $32,380,000 $234,638 $3,863 2.93%
    43% 131 $32,675,000 $249,427 $3,819 2.75%
    38% 128 $32,430,000 $253,359 $4,056 2.81%
    44% 116 $27,580,000 $237,759 $3,861 2.90%
    40% 116 $26,710,000 $230,259 $4,012 2.91%
    41% 116 $27,350,000 $235,776 $4,037 2.84%
    36% 106 $24,400,000 $230,189 $3,667 2.83%
    45% 84 $20,600,000 $245,238 $3,543 2.94%
    48% 52 $15,430,000 $296,731 $3,604 2.82%
    47% 49 $14,785,000 $301,735 $3,428 2.92%
    46% 41 $10,285,000 $250,854 $4,027 2.74%
    49% 35 $10,605,000 $303,000 $3,346 2.78%
    50-60% 23 $5,025,000 $218,478 $5,100 2.54%
    >60% 12 $3,000,000 $250,000 $9,295 2.43%

    Utah Community lent most frequently to those with DTI ratios of 20-30%, with 866 originations. The next most common DTI ratio? 30-36%, with 682 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 3,063 $695,635,000 $227,109 $5,233 2.80%
    Not provided 198 $48,790,000 $246,414 $3,469 2.80%
    Not applicable 41 $33,535,000 $817,927 $0 3.66%
    Asian 41 $10,485,000 $255,732 $3,516 2.63%
    Black 18 $4,950,000 $275,000 $3,836 3.00%
    Native Hawaiian or Islander 20 $4,450,000 $222,500 $3,476 2.79%
    American Indian 18 $4,020,000 $223,333 $3,856 2.98%
    Asian Indian 3 $825,000 $275,000 $3,166 2.41%
    Native Hawaiian 2 $570,000 $285,000 $4,967 3.69%
    Other Pacific Islander 2 $520,000 $260,000 $2,887 2.69%
    2 $470,000 $235,000 $0 1.49%
    Samoan 2 $360,000 $180,000 $3,110 2.31%
    Chinese 2 $350,000 $175,000 $3,229 3.31%

    Approval Rates

    Total approvals of all applications
    94.07%

    Utah Community has an average approval rate.

    Pick Rate

    Approvals leading to origination
    63.95%

    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 3,412 $804,960,000 $235,920

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    3,412 $804,960,000 $235,920

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 600 $102,410,000 $170,683 $2,823 2.61%
    40-60% 753 $200,655,000 $266,474 $7,854 2.73%
    60-80% 844 $309,210,000 $366,363 $4,007 2.98%
    80-100% 385 $139,465,000 $362,247 $4,582 2.96%
    Under 20% 828 $53,140,000 $64,179 $1,726 2.78%