Utah Power Mortgage Rates, Fees & Info

Salt Lake City, UT

LEI: 549300TTK5T7CZ3UJ084

Tax ID: 87-0188878

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Mortgage Data

Review & Overview

Utah Power is a smaller mortgage company specializing in Home Purchase and Cash Out Refi loans. Utah Power has a high proportion of conventional loans. Their top markets by origination volume include: Salt Lake City, Price, Ogden, Provo, and Rock Springs among others. We have data for 22 markets. (Some data included below & more in-depth data is available with an active subscription.)

Utah Power 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.

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 5.28% 3/28/24
30 Year Conventional Refi 5.40% 3/28/24
30 Year Cash-out Refi 5.43% 3/28/24
15 Year Conventional Purchase 5.21% 3/28/24
15 Year Conventional Refi 5.49% 3/28/24
15 Year Cash-out Refi 5.49% 3/28/24
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 Power Mortgage Calculator






Your Estimates

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

This is not an official calculator from Utah Power. 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

200

Origination Dollar Volume (All Markets)

$42,780,000

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
SALT LAKE CITY, UT (FHA|USDA|VA) 45 $11,665,000 $259,222 $0 0.00%
Price, UT (FHA|USDA|VA) 37 $6,415,000 $173,378 $0 0.00%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 23 $6,325,000 $275,000 $0 0.00%
Outside of Metro Areas 36 $4,970,000 $138,056 $0 0.00%
PROVO-OREM, UT (FHA|USDA|VA) 13 $3,735,000 $287,308 $0 0.00%
Rock Springs, WY (FHA|USDA|VA) 11 $2,135,000 $194,091 $0 0.00%
ST. GEORGE, UT (FHA|USDA|VA) 5 $1,155,000 $231,000 $0 0.00%
Evanston, WY (FHA|USDA|VA) 3 $975,000 $325,000 $0 0.00%
LOGAN, UT-ID (FHA|USDA|VA) 5 $865,000 $173,000 $0 0.00%
Cedar City, UT (FHA|USDA|VA) 4 $760,000 $190,000 $0 0.00%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 3 $735,000 $245,000 $0 0.00%
MEDFORD, OR (FHA|USDA|VA) 2 $470,000 $235,000 $0 0.00%
VALLEJO, CA (FHA|USDA|VA) 1 $425,000 $425,000 $0 0.00%
CASPER, WY (FHA|USDA|VA) 2 $410,000 $205,000 $0 0.00%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 2 $370,000 $185,000 $0 0.00%
Vernal, UT (FHA|USDA|VA) 2 $310,000 $155,000 $0 0.00%
GRANTS PASS, OR (FHA|USDA|VA) 1 $305,000 $305,000 $0 0.00%
POCATELLO, ID (FHA|USDA|VA) 1 $245,000 $245,000 $0 0.00%
BOISE CITY, ID (FHA|USDA|VA) 1 $225,000 $225,000 $0 0.00%
OKLAHOMA CITY, OK (FHA|USDA|VA) 1 $135,000 $135,000 $0 0.00%
Heber, UT (FHA|USDA|VA) 1 $115,000 $115,000 $0 0.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 1 $35,000 $35,000 $0 0.00%
Utah Power's top markets include Salt Lake City, Price, Ogden, Provo, and Rock Springs among others.

Their top states include:
  • Utah (FHA|USDA|VA)
  • Wyoming (FHA|USDA|VA)
  • Oregon (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Idaho (FHA|USDA|VA)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against Utah Power based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    Jordan Federal Credit Union
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    UTAH COMMUNITY
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    CYPRUS Federal Credit Union
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    NEST HOME LENDING, LLC
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 200 $42,780,000 $213,900 $0 0.00%

    For 2019, Utah Power's most frequently originated type of loan was Conventional, with 200 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 87 $17,945,000 $206,264 $0 0.00%
    Cash Out Refi 83 $18,835,000 $226,928 $0 0.00%
    Refi 29 $5,745,000 $198,103 $0 0.00%
    Other 1 $255,000 $255,000 $0 0.00%

    For 2019, Utah Power's most frequently cited loan purpose was Home Purchase, with 87 originations. The 2nd most popular reason was Cash Out Refi, with 83 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 200 $42,780,000 $213,900 $0 0.00%

    For 2019, Utah Power's most frequently cited loan duration was Other, with 200 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 90 $25,280,000 $280,889 $0 0.00%
    $100k-200k 81 $12,245,000 $151,173 $0 0.00%
    $100,000 or less 20 $1,230,000 $61,500 $0 0.00%
    $400k-600k 9 $4,025,000 $447,222 $0 0.00%

    2019 saw Utah Power place emphasis on $200k-400k loans with 90 originations, totaling $25,280,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 53 $11,165,000 $210,660 $0 0.00%
    $100k-150k 50 $11,370,000 $227,400 $0 0.00%
    $50k-75k 49 $9,265,000 $189,082 $0 0.00%
    $50k or less 26 $3,880,000 $149,231 $0 0.00%
    $150k-250k 19 $5,845,000 $307,632 $0 0.00%
    $250k+ 3 $1,255,000 $418,333 $0 0.00%

    Utah Power lent most frequently to those with incomes in the $75k-100k range, with 53 originations. The second most popular income band? $100k-150k, with 50 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 200 $42,780,000 $213,900 $0 0.00%

    Utah Power lent most frequently to those with DTI ratios of Exempt%, with 200 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 197 $42,285,000 $214,645 $0 0.00%
    Asian 2 $280,000 $140,000 $0 0.00%
    Black 1 $215,000 $215,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    93.42%

    Utah Power has an average approval rate.

    Pick Rate

    Approvals leading to origination
    86.50%

    Utah Power has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 200 $42,780,000 $213,900

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Site-Built 200 $42,780,000 $213,900