First Utah Bank Mortgage Rates, Fees & Info
Salt Lake City, UTLEI: 549300MZCM3IR0ZWDI94
Tax ID: 87-0341422
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Jump to:
Mortgage Data
Review & Overview
First Utah Bank is a smaller bank specializing in Home Purchase loans. First Utah Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Idaho Falls, Rexburg, Salt Lake City, Blackfoot, and Provo among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)First Utah 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. First Utah 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.
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.
Originations
541Origination Dollar Volume (All Markets)
$109,555,000Awards
First Utah Bank - 2018
First Utah Bank is a 2018 , due to their low .
For 2018, less than of lenders were eligible for this award.
Work for First Utah 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.
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 |
|---|---|---|---|---|---|
| IDAHO FALLS, ID (FHA|USDA|VA) | 291 | $51,735,000 | $177,784 | $5,592 | 4.74% |
| Rexburg, ID (FHA|USDA|VA) | 102 | $18,940,000 | $185,686 | $5,226 | 4.79% |
| SALT LAKE CITY, UT (FHA|USDA|VA) | 62 | $17,340,000 | $279,677 | $5,667 | 4.98% |
| Blackfoot, ID (FHA|USDA|VA) | 20 | $3,310,000 | $165,500 | $4,835 | 4.79% |
| PROVO-OREM, UT (FHA|USDA|VA) | 10 | $3,080,000 | $308,000 | $5,363 | 4.79% |
| Vernal, UT (FHA|USDA|VA) | 14 | $2,810,000 | $200,714 | $5,094 | 4.96% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 6 | $2,670,000 | $445,000 | $10,704 | 4.46% |
| BOISE CITY, ID (FHA|USDA|VA) | 4 | $1,470,000 | $367,500 | $7,405 | 4.66% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 3 | $1,015,000 | $338,333 | $5,697 | 4.38% |
| POCATELLO, ID (FHA|USDA|VA) | 7 | $815,000 | $116,429 | $3,344 | 4.88% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 2 | $750,000 | $375,000 | $3,839 | 5.06% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 2 | $680,000 | $340,000 | $6,316 | 4.63% |
| Outside of Metro Areas | 2 | $540,000 | $270,000 | $7,242 | 5.56% |
| ROME, GA (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $5,933 | 4.50% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $3,303 | 5.13% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $9,883 | 4.38% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $19,920 | 3.88% |
| ST. GEORGE, UT (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $3,092 | 4.13% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,795 | 4.00% |
| Heber, UT (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,397 | 5.38% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $11,919 | 4.38% |
| SPRINGFIELD, IL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $5,960 | 5.63% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $7,769 | 4.38% |
| Burley, ID (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,012 | 4.81% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,825 | 4.55% |
| Montrose, CO (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $4,607 | 4.13% |
| Hailey, ID (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,153 | 4.75% |
| TWIN FALLS, ID (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,251 | 5.50% |
Similar Lenders
We use machine learning to identify the top lenders compared against First Utah Bank based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
Similarity Rank: 161
Similarity Rank: 294
Similarity Rank: 315
Similarity Rank: 322
Similarity Rank: 552
Similarity Rank: 630
Similarity Rank: 742
Similarity Rank: 948
Similarity Rank: 954
Similarity Rank: 1044
Product Mix
For 2018, First Utah Bank's most frequently originated type of loan was Conventional, with 362 originations. Their 2nd most popular type was FHA, with 99 originations.
Loan Reason
For 2018, First Utah Bank's most frequently cited loan purpose was Home Purchase, with 493 originations. The 2nd most popular reason was Refi, with 29 originations.
Loan Duration/Length
For 2018, First Utah Bank's most frequently cited loan duration was 30 Year, with 468 originations. The 2nd most popular length was 10 Year, with 45 originations.
Origination Fees/Closing Costs
First Utah Bank's average total fees were $6,032, while their most frequently occuring range of origination fees (closing costs) were in the $2k-3k bucket, with 195 originations.
Interest Rates
During 2018, First Utah Bank's average interest rate for loans was 4.69%, while their most frequently originated rate bucket for loans was 4-5%, with 393 originations.
Loan Sizing
2018 saw First Utah Bank place emphasis on $200k-400k loans with 233 originations, totaling $61,635,000 in origination value.
Applicant Income
First Utah Bank lent most frequently to those with incomes in the $50k-75k range, with 177 originations. The second most popular income band? $50k or less, with 156 originations.
Applicant Debt to Income Ratio
First Utah Bank lent most frequently to those with DTI ratios of 30-36%, with 84 originations. The next most common DTI ratio? 20-30%, with 79 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.52%
First Utah 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 origination77.26%
First Utah Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 541 | $109,555,000 | $202,505 |
Occupancy Type Mix
LTV Distribution
Complaints
| Bank Name | Product | Issue | 2018 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Other type of mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Conventional home mortgage | Trouble during payment process | 5 | 35.7% |
| FIRST HORIZON BANK | Conventional home mortgage | Struggling to pay mortgage | 3 | 21.4% |
| FIRST HORIZON BANK | Conventional home mortgage | Applying for a mortgage or refinancing an existing mortgage | 1 | 7.1% |
| FIRST HORIZON BANK | FHA mortgage | Trouble during payment process | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Incorrect information on your report | 1 | 7.1% |
| FIRST HORIZON BANK | Home equity loan or line of credit (HELOC) | Problem with a credit reporting company's investigation into an existing problem | 1 | 7.1% |