Cache Valley Bank Mortgage Rates, Fees & Info

Logan, UT

LEI: 549300CM7HYHZ1MEJ624

Tax ID: 87-0310100

5 stars - Updated: 7/11/24 - out of 5 stars, based on 20 reviews

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

Jump to:

Mortgage Data

Review & Overview

Cache Valley Bank is a smaller bank specializing in Home Purchase loans. Cache Valley Bank 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: Logan, St. George, Ogden, Salt Lake City, and Mcallen among others. We have data for 32 markets. (Some data included below & more in-depth data is available with an active subscription.)

Cache Valley Bank 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. Cache Valley Bank 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 relatively high 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
30 Year Conventional Purchase 6.48% 7/11/24
30 Year Conventional Refi 6.33% 7/11/24
30 Year Cash-out Refi 6.52% 7/11/24
30 Year FHA Purchase 7.06% 7/11/24
30 Year VA Purchase 5.92% 7/11/24
30 Year USDA Purchase 6.40% 7/11/24
15 Year Conventional Purchase 6.18% 7/11/24
15 Year Conventional Refi 6.01% 7/11/24
15 Year Cash-out Refi 6.01% 7/11/24
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.

Cache Valley Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Cache Valley Bank. 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

401

Origination Dollar Volume (All Markets)

$208,125,000

Awards

Cache Valley Bank 30 Year Conventional Loans silver Cache Valley Bank 30 Year Conventional Loans silver Cache Valley Bank 30 Year Conventional Loans bronze
Show all (3) awards

Relative Rate

Cache Valley Bank's average 30 year fixed mortgage rate was 6.55%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.07%.

Relative Fees (Closing Costs)

Cache Valley Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,507.

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 $9,089.

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
LOGAN, UT-ID (FHA|USDA|VA) 169 $71,895,000 $425,414 $6,385 6.83%
ST. GEORGE, UT (FHA|USDA|VA) 59 $35,435,000 $600,593 $8,573 6.86%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 59 $26,815,000 $454,492 $7,111 6.73%
Outside of Metro Areas 49 $20,655,000 $421,531 $7,516 6.79%
SALT LAKE CITY, UT (FHA|USDA|VA) 14 $15,410,000 $1,100,714 $6,388 6.80%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $6,200,000 $3,100,000 $0 7.50%
PROVO-OREM, UT (FHA|USDA|VA) 12 $6,160,000 $513,333 $9,463 7.01%
Heber, UT (FHA|USDA|VA) 4 $5,730,000 $1,432,500 $21,720 8.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 1 $5,665,000 $5,665,000 $0 6.50%
Cedar City, UT (FHA|USDA|VA) 4 $2,560,000 $640,000 $14,852 6.99%
Sandpoint, ID (FHA|USDA|VA) 1 $1,635,000 $1,635,000 $0 8.50%
Price, UT (FHA|USDA|VA) 5 $1,275,000 $255,000 $4,849 7.05%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1 $1,205,000 $1,205,000 $0 9.50%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 1 $985,000 $985,000 $0 6.00%
POCATELLO, ID (FHA|USDA|VA) 2 $750,000 $375,000 $3,353 7.00%
Kalispell, MT (FHA|USDA|VA) 1 $735,000 $735,000 $11,775 6.75%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $605,000 $605,000 $0 7.75%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 1 $565,000 $565,000 $5,042 7.50%
BOISE CITY, ID (FHA|USDA|VA) 1 $505,000 $505,000 $8,445 6.00%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 1 $485,000 $485,000 $0 7.75%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $365,000 $365,000 $15,920 5.63%
IDAHO FALLS, ID (FHA|USDA|VA) 2 $310,000 $155,000 $4,271 6.25%
ITHACA, NY (FHA|USDA|VA) 1 $305,000 $305,000 $6,862 7.13%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $305,000 $305,000 $5,911 6.99%
RAPID CITY, SD (FHA|USDA|VA) 1 $265,000 $265,000 $6,053 6.75%
ALBANY-SCHENECTADY-TROY, NY (FHA|USDA|VA) 1 $215,000 $215,000 $6,788 7.25%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $215,000 $215,000 $0 8.00%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 1 $205,000 $205,000 $4,111 6.50%
EL CENTRO, CA (FHA|USDA|VA) 1 $195,000 $195,000 $4,757 6.00%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 1 $195,000 $195,000 $0 9.50%
Evanston, WY (FHA|USDA|VA) 1 $145,000 $145,000 $3,669 6.50%
Marion, OH (FHA|USDA|VA) 1 $135,000 $135,000 $4,407 6.00%
Cache Valley Bank's top markets include Logan, St. George, Ogden, Salt Lake City, and Mcallen among others.

Their top states include:
  • Utah (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
  • Nevada (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Cache Valley Bank 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: 176
    WEBER STATE FEDERAL CREDIT UNION
    Similarity Rank: 300
    CYPRUS Federal Credit Union
    Similarity Rank: 900
    UTAH COMMUNITY
    Similarity Rank: 900
    Utah Power
    Similarity Rank: 975
    GRANITE FEDERAL CREDIT UNION
    Similarity Rank: 1000
    HOMEAMERICAN MORTGAGE CORPORATION
    Similarity Rank: 1100
    NEST HOME LENDING, LLC
    Similarity Rank: 1560
    Utah Mortgage Loan Corporation
    Similarity Rank: 1743

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 387 $202,925,000 $524,354 $7,098 6.89%
    FHA 8 $2,640,000 $330,000 $6,144 6.09%
    VA 5 $2,285,000 $457,000 $13,277 5.75%
    USDA 1 $275,000 $275,000 $1,025 5.88%

    For 2023, Cache Valley Bank's most frequently originated type of loan was Conventional, with 387 originations. Their 2nd most popular type was FHA, with 8 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 312 $170,550,000 $546,635 $7,597 6.78%
    Refi 39 $14,135,000 $362,436 $4,257 7.30%
    Cash Out Refi 37 $14,545,000 $393,108 $6,316 6.65%
    Home Improvement 11 $8,455,000 $768,636 $584 7.89%
    Other 2 $440,000 $220,000 $1,776 7.88%

    For 2023, Cache Valley Bank's most frequently cited loan purpose was Home Purchase, with 312 originations. The 2nd most popular reason was Refi, with 39 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 247 $117,655,000 $476,336 $6,507 6.55%
    30+ year 45 $29,745,000 $661,000 $13,042 6.75%
    Other 44 $32,570,000 $740,227 $3,072 7.75%
    20 Year 23 $6,645,000 $288,913 $4,961 7.24%
    15 Year 15 $2,655,000 $177,000 $3,487 6.74%
    1 Year 13 $6,675,000 $513,462 $2,068 8.83%
    3 Year 6 $9,900,000 $1,650,000 $0 7.21%
    5 Year 4 $1,110,000 $277,500 $0 7.69%
    10 Year 4 $1,170,000 $292,500 $0 7.44%

    For 2023, Cache Valley Bank's most frequently cited loan duration was 30 Year, with 247 originations. The 2nd most popular length was 30+ year, with 45 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $5k+ 115 $86,005,000 $747,870
    $<1k 51 $20,695,000 $405,784
    $1k-2k 44 $10,880,000 $247,273
    $3k-4k 41 $13,565,000 $330,854
    $2k-3k 37 $10,515,000 $284,189
    $4k-5k 23 $10,255,000 $445,870

    Cache Valley Bank's average total fees were $6,507, while their most frequently occuring range of origination fees (closing costs) were in the $5k+ bucket, with 115 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 213 $113,175,000 $531,338
    7-8% 98 $50,170,000 $511,939
    5-6% 71 $34,835,000 $490,634
    Over 8% 19 $9,945,000 $523,421

    During 2023, Cache Valley Bank's average interest rate for loans was 6.55%, while their most frequently originated rate bucket for loans was 6-7%, with 213 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 133 $39,775,000 $299,060 $5,046 6.80%
    $400k-600k 106 $51,060,000 $481,698 $6,707 6.82%
    $600k-1MM 57 $43,265,000 $759,035 $10,544 6.67%
    $100k-200k 54 $8,040,000 $148,889 $3,269 6.98%
    $1MM+ 36 $65,070,000 $1,807,500 $18,864 7.13%
    $100,000 or less 15 $915,000 $61,000 $2,026 7.27%

    2023 saw Cache Valley Bank place emphasis on $200k-400k loans with 133 originations, totaling $39,775,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 80 $31,000,000 $387,500 $5,870 6.68%
    $250k+ 78 $67,300,000 $862,821 $13,132 6.78%
    $150k-250k 74 $37,340,000 $504,595 $7,510 6.65%
    $50k-75k 47 $11,435,000 $243,298 $3,593 6.73%
    $75k-100k 44 $13,200,000 $300,000 $5,063 6.55%
    $50k or less 20 $2,950,000 $147,500 $3,037 6.94%

    Cache Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 80 originations. The second most popular income band? $250k+, with 78 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 55 $24,215,000 $440,273 $6,773 6.67%
    30-36% 54 $22,630,000 $419,074 $5,564 6.55%
    <20% 46 $23,410,000 $508,913 $8,376 6.62%
    43% 18 $7,960,000 $442,222 $6,098 6.85%
    40% 17 $9,635,000 $566,765 $7,190 6.43%
    45% 17 $9,565,000 $562,647 $10,532 6.46%
    39% 16 $8,280,000 $517,500 $8,779 6.60%
    38% 13 $4,485,000 $345,000 $6,410 6.65%
    37% 13 $8,795,000 $676,538 $8,829 6.80%
    41% 12 $7,720,000 $643,333 $10,985 6.57%
    44% 11 $5,245,000 $476,818 $6,091 6.34%
    47% 10 $4,020,000 $402,000 $4,471 6.94%
    36% 10 $5,660,000 $566,000 $8,310 6.57%
    48% 10 $4,360,000 $436,000 $4,899 6.85%
    46% 9 $4,585,000 $509,444 $6,612 6.46%
    42% 7 $2,845,000 $406,429 $7,137 6.76%
    50-60% 5 $2,025,000 $405,000 $4,499 6.95%
    49% 4 $1,380,000 $345,000 $7,158 7.09%

    Cache Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 55 originations. The next most common DTI ratio? 30-36%, with 54 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 327 $159,625,000 $488,150 $7,091 6.71%
    Not applicable 50 $35,970,000 $719,400 $0 7.93%
    Not provided 17 $9,745,000 $573,235 $9,540 6.57%
    American Indian 4 $1,470,000 $367,500 $6,215 6.65%
    Asian 3 $1,315,000 $438,333 $3,015 6.42%

    Approval Rates

    Total approvals of all applications
    98.89%

    Cache Valley Bank 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
    88.78%

    Cache Valley Bank has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 401 $208,125,000 $519,015

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    401 $208,125,000 $519,015

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 50 $12,270,000 $245,400 $4,337 7.00%
    40-60% 95 $51,245,000 $539,421 $6,977 6.87%
    60-80% 158 $97,030,000 $614,114 $8,782 6.87%
    80-100% 70 $33,510,000 $478,714 $6,078 6.61%
    Over 100% 3 $1,555,000 $518,333 $19,344 5.67%
    Under 20% 22 $4,750,000 $215,909 $4,432 7.26%