Cache Valley Bank Mortgage Rates, Fees & Info
Logan, UTLEI: 549300CM7HYHZ1MEJ624
Tax ID: 87-0310100
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Mortgage Data
Review & Overview
Cache Valley Bank is a smaller bank specializing in loans. Cache Valley Bank has a high proportion of conventional loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Logan, St. George, Ogden, Heber, and Salt Lake City among others. We have data for 34 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 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 |
|---|---|---|
| 30 Year Conventional Purchase | 6.48% | 4/1/23 |
| 30 Year Conventional Refi | 6.33% | 4/1/23 |
| 30 Year Cash-out Refi | 6.52% | 4/1/23 |
| 30 Year FHA Purchase | 7.06% | 4/1/23 |
| 30 Year VA Purchase | 5.92% | 4/1/23 |
| 30 Year USDA Purchase | 6.40% | 4/1/23 |
| 15 Year Conventional Purchase | 6.18% | 4/1/23 |
| 15 Year Conventional Refi | 6.01% | 4/1/23 |
| 15 Year Cash-out Refi | 6.01% | 4/1/23 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
617Origination Dollar Volume (All Markets)
$274,325,000Awards
Cache Valley Bank - 2022
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For 2022, less than of lenders were eligible for this award.
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Relative Rate
Cache Valley Bank's average 30 year fixed mortgage rate was
4.61%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of -0.15%.
Relative Fees (Closing Costs)
Cache Valley Bank's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,294.
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 $4,750.
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) | 249 | $92,705,000 | $372,309 | $5,003 | 4.74% |
| ST. GEORGE, UT (FHA|USDA|VA) | 96 | $43,760,000 | $455,833 | $3,606 | 4.61% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 100 | $43,140,000 | $431,400 | $5,903 | 4.76% |
| Outside of Metro Areas | 68 | $28,260,000 | $415,588 | $5,336 | 5.04% |
| Heber, UT (FHA|USDA|VA) | 7 | $23,385,000 | $3,340,714 | $3,899 | 4.39% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 32 | $18,700,000 | $584,375 | $3,103 | 4.77% |
| PROVO-OREM, UT (FHA|USDA|VA) | 22 | $9,540,000 | $433,636 | $4,695 | 4.83% |
| Cedar City, UT (FHA|USDA|VA) | 5 | $1,555,000 | $311,000 | $3,292 | 4.67% |
| Price, UT (FHA|USDA|VA) | 4 | $1,200,000 | $300,000 | $5,010 | 5.75% |
| Evanston, WY (FHA|USDA|VA) | 3 | $1,125,000 | $375,000 | $7,470 | 4.67% |
| ANCHORAGE, AK (FHA|USDA|VA) | 2 | $1,020,000 | $510,000 | $0 | 5.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 1 | $915,000 | $915,000 | $24,931 | 3.38% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 5.00% |
| Kapaa, HI (FHA|USDA|VA) | 1 | $775,000 | $775,000 | $5,585 | 5.38% |
| RENO, NV (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $0 | 3.56% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 1 | $645,000 | $645,000 | $2,019 | 5.13% |
| Rexburg, ID (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $13,970 | 6.13% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 5.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $4,133 | 3.50% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 1 | $475,000 | $475,000 | $8,821 | 5.88% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $6,266 | 3.13% |
| IDAHO FALLS, ID (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $4,281 | 3.13% |
| OCALA, FL (FHA|USDA|VA) | 2 | $410,000 | $205,000 | $0 | 6.06% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $0 | 5.50% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $5,529 | 4.50% |
| Pullman, WA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $2,069 | 5.38% |
| TUCSON, AZ (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $1,845 | 3.99% |
| Winnemucca, NV (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $4,250 | 3.63% |
| Blackfoot, ID (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 7.00% |
| Vernal, UT (FHA|USDA|VA) | 2 | $230,000 | $115,000 | $0 | 3.75% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 5.00% |
| Elko, NV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $3,370 | 5.63% |
| FARGO, ND-MN (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 5.63% |
| TOPEKA, KS (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 4.88% |
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.
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Product Mix
For 2022, Cache Valley Bank's most frequently originated type of loan was Conventional, with 608 originations. Their 2nd most popular type was USDA, with 4 originations.
Loan Reason
For 2022, Cache Valley Bank's most frequently cited loan purpose was Home Purchase, with 401 originations. The 2nd most popular reason was Cash Out Refi, with 120 originations.
Loan Duration/Length
For 2022, Cache Valley Bank's most frequently cited loan duration was 30 Year, with 462 originations. The 2nd most popular length was 15 Year, with 37 originations.
Origination Fees/Closing Costs
Cache Valley Bank's average total fees were $5,294, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 120 originations.
Interest Rates
During 2022, Cache Valley Bank's average interest rate for loans was 4.61%, while their most frequently originated rate bucket for loans was 5-6%, with 183 originations.
Loan Sizing
2022 saw Cache Valley Bank place emphasis on $200k-400k loans with 268 originations, totaling $79,490,000 in origination value.
Applicant Income
Cache Valley Bank lent most frequently to those with incomes in the $100k-150k range, with 128 originations. The second most popular income band? $150k-250k, with 118 originations.
Applicant Debt to Income Ratio
Cache Valley Bank lent most frequently to those with DTI ratios of 20-30%, with 124 originations. The next most common DTI ratio? 30-36%, with 84 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.56%
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 origination83.31%
Cache Valley Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 617 | $274,325,000 | $444,611 |