Cache Valley Bank Mortgage Rates, Fees & Info
Logan, UTLEI: 549300CM7HYHZ1MEJ624
Tax ID: 87-0310100
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% | 12/16/24 |
| 30 Year Conventional Refi | 6.33% | 12/16/24 |
| 30 Year Cash-out Refi | 6.52% | 12/16/24 |
| 30 Year FHA Purchase | 7.06% | 12/16/24 |
| 30 Year VA Purchase | 5.92% | 12/16/24 |
| 30 Year USDA Purchase | 6.40% | 12/16/24 |
| 15 Year Conventional Purchase | 6.18% | 12/16/24 |
| 15 Year Conventional Refi | 6.01% | 12/16/24 |
| 15 Year Cash-out Refi | 6.01% | 12/16/24 |
| 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
401Origination Dollar Volume (All Markets)
$208,125,000Awards
Cache Valley Bank - 2023
Cache Valley Bank is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
Work for Cache Valley Bank?
Use this award on your own site. Either save and use the images below, or pass the provided image embed code to your development team.
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% |
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.
Similarity Rank: 176
Similarity Rank: 300
Similarity Rank: 900
Similarity Rank: 900
Similarity Rank: 975
Similarity Rank: 1000
Similarity Rank: 1100
Similarity Rank: 1560
Similarity Rank: 1743
Similarity Rank: 1989
Product Mix
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
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
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
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
2023 saw Cache Valley Bank place emphasis on $200k-400k loans with 133 originations, totaling $39,775,000 in origination value.
Applicant Income
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
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
Approval Rates
Total approvals of all applications98.89%
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 origination88.78%
Cache Valley Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 401 | $208,125,000 | $519,015 |