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 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.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

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    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    Home Equity Line of Credit (HELOC) 6.27% 4/21/24
    30 Year Conventional Purchase 6.54% 4/21/24
    30 Year Conventional Refi 6.30% 4/21/24
    30 Year Cash-out Refi 6.55% 4/21/24
    30 Year FHA Purchase 7.37% 4/21/24
    30 Year FHA Refi 6.27% 4/21/24
    30 Year VA Purchase 5.98% 4/21/24
    30 Year USDA Purchase 6.65% 4/21/24
    15 Year Conventional Purchase 5.84% 4/21/24
    15 Year Conventional Refi 5.94% 4/21/24
    15 Year Cash-out Refi 5.94% 4/21/24
    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

    2,059

    Origination Dollar Volume (All Markets)

    $468,795,000

    Awards

    UTAH COMMUNITY 30 Year Conventional Loans silver
    Show all (1) 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) 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%
    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)

    • 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.

    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 96
    Jordan Federal Credit Union
    Similarity Rank: 388
    State Bank of Southern Utah
    Similarity Rank: 450
    Central Bank
    Similarity Rank: 574
    TRANSWEST CREDIT UNION
    Similarity Rank: 610
    Silicon Valley Bank
    Similarity Rank: 960
    MORTGAGEONE, INC.
    Similarity Rank: 1386
    University First Federal Credit Union
    Similarity Rank: 1430
    Utah Power
    Similarity Rank: 1984
    City National Bank
    Similarity Rank: 2340

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 1,345 $187,785,000 $139,617 n/a 3.45%
    Conventional 692 $272,620,000 $393,960 $5,642 4.41%
    FHA 17 $6,325,000 $372,059 $12,577 5.06%
    VA 4 $1,810,000 $452,500 $11,011 4.09%
    USDA 1 $255,000 $255,000 $7,734 3.00%

    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.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 954 $104,020,000 $109,036 $0 3.59%
    Refi 443 $111,695,000 $252,133 $4,631 3.28%
    Home Purchase 429 $181,625,000 $423,368 $7,010 4.58%
    Cash Out Refi 216 $66,290,000 $306,898 $4,523 4.06%
    Other 17 $5,165,000 $303,824 $4,303 4.53%

    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.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 544 $200,210,000 $368,033 $5,750 4.56%
    10 Year 502 $104,250,000 $207,669 $3,052 2.50%
    15 Year 473 $63,355,000 $133,943 $3,700 4.71%
    Other 434 $64,050,000 $147,581 $15,317 3.18%
    20 Year 59 $9,735,000 $165,000 $4,070 3.99%
    30+ year 47 $27,195,000 $578,617 $10,438 4.73%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 174 $90,290,000 $518,908
    $<1k 114 $36,710,000 $322,018
    $1k-2k 114 $33,950,000 $297,807
    $3k-4k 96 $32,250,000 $335,938
    $2k-3k 87 $24,185,000 $277,989
    $4k-5k 80 $30,170,000 $377,125

    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.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    <2.5% 660 $105,170,000 $159,348
    4-5% 588 $128,110,000 $217,874
    3-4% 399 $121,215,000 $303,797
    5-6% 308 $85,100,000 $276,299
    6-7% 50 $14,240,000 $284,800
    2.5-3% 46 $13,820,000 $300,435
    7-8% 6 $1,100,000 $183,333
    Over 8% 2 $40,000 $20,000

    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.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 675 $36,745,000 $54,437 $1,407 3.69%
    $200k-400k 572 $159,700,000 $279,196 $5,049 3.91%
    $100k-200k 461 $62,555,000 $135,694 $3,206 3.46%
    $400k-600k 232 $110,050,000 $474,353 $7,027 4.24%
    $600k-1MM 98 $67,800,000 $691,837 $9,466 4.15%
    $1MM+ 21 $31,945,000 $1,521,190 $16,468 4.30%

    2022 saw Utah Community place emphasis on $100,000 or less loans with 675 originations, totaling $36,745,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 633 $128,995,000 $203,784 $6,345 3.72%
    $150k-250k 437 $101,805,000 $232,963 $7,296 3.72%
    $75k-100k 375 $70,325,000 $187,533 $5,767 3.98%
    $50k-75k 278 $49,580,000 $178,345 $4,578 3.81%
    $250k+ 185 $71,825,000 $388,243 $7,657 3.75%
    $50k or less 103 $15,425,000 $149,757 $3,606 3.53%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 448 $79,820,000 $178,170 $5,544 3.66%
    30-36% 388 $77,910,000 $200,799 $5,407 3.77%
    <20% 142 $26,860,000 $189,155 $5,008 3.73%
    42% 133 $28,615,000 $215,150 $5,529 3.55%
    43% 116 $26,470,000 $228,190 $5,911 3.72%
    39% 95 $22,565,000 $237,526 $6,670 3.91%
    41% 91 $22,565,000 $247,967 $5,343 3.72%
    38% 87 $20,465,000 $235,230 $6,243 3.94%
    40% 85 $17,795,000 $209,353 $6,267 3.60%
    44% 80 $20,920,000 $261,500 $5,411 3.89%
    37% 75 $18,885,000 $251,800 $6,784 4.09%
    36% 70 $15,130,000 $216,143 $6,798 3.76%
    45% 52 $11,920,000 $229,231 $6,195 3.42%
    46% 40 $9,910,000 $247,750 $5,519 4.45%
    47% 37 $11,615,000 $313,919 $5,360 4.67%
    49% 29 $10,595,000 $365,345 $6,803 4.51%
    48% 25 $9,335,000 $373,400 $7,901 4.40%
    50-60% 12 $4,130,000 $344,167 $11,100 3.27%
    >60% 12 $4,640,000 $386,667 $0 3.59%

    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.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,821 $394,105,000 $216,422 $5,866 3.79%
    Not applicable 36 $26,940,000 $748,333 $0 4.24%
    Not provided 93 $24,695,000 $265,538 $5,432 3.99%
    Asian 27 $5,865,000 $217,222 $5,812 3.11%
    American Indian 24 $5,720,000 $238,333 $5,099 4.19%
    Native Hawaiian or Islander 19 $4,315,000 $227,105 $7,107 3.21%
    Black 14 $2,650,000 $189,286 $6,208 3.79%
    Asian Indian 7 $1,615,000 $230,714 $0 2.28%
    Chinese 5 $945,000 $189,000 $7,467 4.42%
    Japanese 3 $895,000 $298,333 $7,661 5.29%
    Samoan 3 $325,000 $108,333 $0 3.49%
    Vietnamese 1 $295,000 $295,000 $4,687 3.38%
    3 $185,000 $61,667 $0 2.66%
    Other Pacific Islander 2 $140,000 $70,000 $0 2.24%
    Korean 1 $105,000 $105,000 $0 1.99%

    Approval Rates

    Total approvals of all applications
    95.09%

    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
    70.91%

    Utah Community has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 2,059 $468,795,000 $227,681

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    2,059 $468,795,000 $227,681

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 473 $95,045,000 $200,941 $3,975 3.43%
    40-60% 249 $87,055,000 $349,618 $4,923 3.73%
    60-80% 309 $138,355,000 $447,751 $6,442 4.29%
    80-100% 187 $81,535,000 $436,016 $7,039 4.61%
    Over 100% 4 $6,260,000 $1,565,000 $0 3.97%
    Under 20% 835 $60,455,000 $72,401 $1,840 3.64%