Zions Bank Mortgage Rates, Fees & Info

Salt Lake City, UT

LEI: 8WH0EE09O9V05QJZ3V89

Tax ID: 87-0189025

4.7 stars - Updated: 5/27/24 - out of 5 stars, based on 102 reviews

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

Jump to:

Mortgage Data

Review & Overview

Zions Bank is a mid-sized bank specializing in Other and Home Purchase loans. Zions 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.) Their top markets by origination volume include: Houston, Los Angeles, Las Vegas, Denver, and Phoenix among others. We have data for 155 markets. (Some data included below & more in-depth data is available with an active subscription.)

Zions Bank has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Zions 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
Home Equity Line of Credit (HELOC) 6.27% 5/27/24
30 Year Conventional Purchase 6.38% 5/27/24
30 Year Conventional Refi 6.34% 5/27/24
30 Year Cash-out Refi 6.52% 5/27/24
30 Year FHA Purchase 7.08% 5/27/24
30 Year VA Purchase 6.12% 5/27/24
30 Year USDA Purchase 6.66% 5/27/24
30 Year USDA Refi 6.94% 5/27/24
15 Year Conventional Purchase 5.79% 5/27/24
15 Year Conventional Refi 5.89% 5/27/24
15 Year Cash-out Refi 5.89% 5/27/24
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.

Zions Bank Mortgage Calculator






Your Estimates

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

This is not an official calculator from Zions 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

10,314

Origination Dollar Volume (All Markets)

$3,971,570,000
Show all (56) awards

Relative Rate

Zions Bank's average 30 year fixed mortgage rate was 7.54%.

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

This yields a difference of 1.06%.

Relative Fees (Closing Costs)

Zions Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,154.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,382 $451,280,000 $326,541 $7,226 6.81%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 491 $301,785,000 $614,633 $7,607 8.14%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 954 $273,680,000 $286,876 $6,214 6.90%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 756 $262,600,000 $347,354 $6,111 8.16%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 511 $223,115,000 $436,624 $8,806 8.39%
SALT LAKE CITY, UT (FHA|USDA|VA) 565 $211,965,000 $375,159 $5,159 7.30%
Heber, UT (FHA|USDA|VA) 200 $198,410,000 $992,050 $9,991 7.07%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 294 $151,720,000 $516,054 $6,796 8.19%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 497 $141,125,000 $283,954 $8,933 6.87%
ST. GEORGE, UT (FHA|USDA|VA) 279 $140,185,000 $502,455 $6,505 7.13%
Outside of Metro Areas 408 $120,730,000 $295,907 $7,087 7.64%
PROVO-OREM, UT (FHA|USDA|VA) 299 $112,195,000 $375,234 $5,183 7.30%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 133 $99,785,000 $750,263 $6,555 7.78%
BOISE CITY, ID (FHA|USDA|VA) 273 $94,285,000 $345,366 $6,678 7.04%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 251 $86,725,000 $345,518 $5,642 7.25%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 150 $73,090,000 $487,267 $7,452 7.89%
TUCSON, AZ (FHA|USDA|VA) 188 $60,300,000 $320,745 $8,710 8.35%
Jackson, WY-ID (FHA|USDA|VA) 78 $60,080,000 $770,256 $8,175 6.59%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 97 $51,515,000 $531,082 $9,378 6.77%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 155 $48,845,000 $315,129 $8,998 6.60%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 55 $46,655,000 $848,273 $5,586 6.63%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 67 $46,315,000 $691,269 $7,688 7.01%
BOULDER, CO (FHA|USDA|VA) 122 $45,160,000 $370,164 $5,213 8.14%
RENO, NV (FHA|USDA|VA) 106 $37,990,000 $358,396 $5,422 6.84%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 156 $33,310,000 $213,526 $6,074 8.58%
LOGAN, UT-ID (FHA|USDA|VA) 114 $30,830,000 $270,439 $6,986 7.34%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 33 $30,525,000 $925,000 $5,404 7.18%
COLORADO SPRINGS, CO (FHA|USDA|VA) 91 $23,685,000 $260,275 $7,145 8.35%
IDAHO FALLS, ID (FHA|USDA|VA) 79 $22,195,000 $280,949 $6,556 7.46%
FLAGSTAFF, AZ (FHA|USDA|VA) 65 $21,945,000 $337,615 $9,048 8.47%
Breckenridge, CO (FHA|USDA|VA) 14 $20,830,000 $1,487,857 $4,403 7.84%
Hailey, ID (FHA|USDA|VA) 32 $19,170,000 $599,063 $6,853 7.05%
YUMA, AZ (FHA|USDA|VA) 148 $18,450,000 $124,662 $5,176 9.16%
Moscow, ID (FHA|USDA|VA) 50 $18,420,000 $368,400 $7,679 6.97%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 95 $17,275,000 $181,842 $6,509 8.46%
Steamboat Springs, CO (FHA|USDA|VA) 38 $16,170,000 $425,526 $6,154 7.64%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 20 $15,240,000 $762,000 $7,733 6.82%
Show Low, AZ (FHA|USDA|VA) 64 $15,200,000 $237,500 $10,727 8.37%
EL CENTRO, CA (FHA|USDA|VA) 2 $14,880,000 $7,440,000 $0 8.86%
Edwards, CO (FHA|USDA|VA) 16 $13,610,000 $850,625 $20,855 7.79%
Glenwood Springs, CO (FHA|USDA|VA) 8 $12,070,000 $1,508,750 $19,111 8.23%
FORT COLLINS, CO (FHA|USDA|VA) 34 $11,650,000 $342,647 $6,395 8.14%
FRESNO, CA (FHA|USDA|VA) 21 $11,305,000 $538,333 $10,253 7.81%
Vernal, UT (FHA|USDA|VA) 46 $10,050,000 $218,478 $3,891 7.66%
Rexburg, ID (FHA|USDA|VA) 20 $9,850,000 $492,500 $9,040 6.67%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 5 $9,335,000 $1,867,000 $13,195 7.69%
Gardnerville Ranchos, NV (FHA|USDA|VA) 25 $9,035,000 $361,400 $7,564 6.16%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 20 $8,900,000 $445,000 $5,647 8.06%
Payson, AZ (FHA|USDA|VA) 36 $8,660,000 $240,556 $8,079 8.60%
Ontario, OR-ID (FHA|USDA|VA) 34 $7,900,000 $232,353 $5,229 6.86%
GRAND JUNCTION, CO (FHA|USDA|VA) 49 $7,865,000 $160,510 $3,686 8.08%
Cedar City, UT (FHA|USDA|VA) 32 $7,700,000 $240,625 $3,782 7.43%
LEWISTON, ID-WA (FHA|USDA|VA) 39 $7,685,000 $197,051 $5,836 6.91%
STOCKTON, CA (FHA|USDA|VA) 14 $7,360,000 $525,714 $4,168 6.44%
PUEBLO, CO (FHA|USDA|VA) 44 $6,870,000 $156,136 $2,902 7.99%
POCATELLO, ID (FHA|USDA|VA) 36 $6,400,000 $177,778 $3,355 7.15%
Blackfoot, ID (FHA|USDA|VA) 30 $5,920,000 $197,333 $6,332 7.46%
TWIN FALLS, ID (FHA|USDA|VA) 23 $5,775,000 $251,087 $9,561 6.91%
GREELEY, CO (FHA|USDA|VA) 29 $5,595,000 $192,931 $10,319 8.65%
Montrose, CO (FHA|USDA|VA) 20 $5,380,000 $269,000 $5,564 8.06%
Huntsville, TX (FHA|USDA|VA) 11 $5,375,000 $488,636 $10,035 5.97%
MADERA, CA (FHA|USDA|VA) 2 $5,280,000 $2,640,000 $0 8.26%
SALINAS, CA (FHA|USDA|VA) 8 $5,270,000 $658,750 $6,247 7.41%
Pahrump, NV (FHA|USDA|VA) 40 $5,190,000 $129,750 $5,970 7.23%
Outside of Metro Areas 6 $4,600,000 $766,667 $13,622 6.55%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 4 $4,530,000 $1,132,500 $7,695 6.34%
CORPUS CHRISTI, TX (FHA|USDA|VA) 5 $4,485,000 $897,000 $11,682 6.27%
VALLEJO, CA (FHA|USDA|VA) 9 $4,465,000 $496,111 $6,191 7.46%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 6 $4,340,000 $723,333 $3,967 6.88%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 31 $4,055,000 $130,806 $4,782 8.50%
Durango, CO (FHA|USDA|VA) 18 $3,910,000 $217,222 $9,024 8.26%
VISALIA, CA (FHA|USDA|VA) 8 $3,780,000 $472,500 $6,901 7.09%
Truckee-Grass Valley, CA (FHA|USDA|VA) 2 $3,630,000 $1,815,000 $21,666 6.75%
CARSON CITY, NV (FHA|USDA|VA) 21 $3,555,000 $169,286 $5,835 6.42%
Price, UT (FHA|USDA|VA) 11 $3,555,000 $323,182 $1,408 7.96%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 8 $2,930,000 $366,250 $6,541 6.56%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 8 $2,770,000 $346,250 $6,846 7.12%
Pullman, WA (FHA|USDA|VA) 5 $2,645,000 $529,000 $7,114 6.75%
FARMINGTON, NM (FHA|USDA|VA) 24 $2,590,000 $107,917 $4,140 8.44%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 3 $2,405,000 $801,667 $8,962 6.25%
BAKERSFIELD, CA (FHA|USDA|VA) 7 $2,275,000 $325,000 $7,678 7.21%
SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $2,180,000 $272,500 $0 7.41%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 3 $2,145,000 $715,000 $4,317 6.52%
Fredericksburg, TX (FHA|USDA|VA) 4 $2,140,000 $535,000 $9,707 5.81%
Elko, NV (FHA|USDA|VA) 16 $2,100,000 $131,250 $4,551 7.72%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 1 $2,005,000 $2,005,000 $50,222 6.63%
TYLER, TX (FHA|USDA|VA) 5 $1,895,000 $379,000 $11,844 6.79%
Fallon, NV (FHA|USDA|VA) 14 $1,810,000 $129,286 $4,327 6.70%
Fernley, NV (FHA|USDA|VA) 11 $1,745,000 $158,636 $19,960 5.15%
Nogales, AZ (FHA|USDA|VA) 6 $1,680,000 $280,000 $8,942 7.95%
BEND, OR (FHA|USDA|VA) 2 $1,670,000 $835,000 $6,969 7.50%
Ellensburg, WA (FHA|USDA|VA) 1 $1,615,000 $1,615,000 $10,120 7.00%
EL PASO, TX (FHA|USDA|VA) 1 $1,605,000 $1,605,000 $24,839 8.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 2 $1,490,000 $745,000 $6,122 5.89%
Burley, ID (FHA|USDA|VA) 12 $1,430,000 $119,167 $3,963 7.98%
Winnemucca, NV (FHA|USDA|VA) 11 $1,365,000 $124,091 $4,052 6.26%
Newport, OR (FHA|USDA|VA) 2 $1,210,000 $605,000 $0 7.00%
Port Lavaca, TX (FHA|USDA|VA) 2 $1,210,000 $605,000 $6,846 6.94%
Oak Harbor, WA (FHA|USDA|VA) 1 $1,075,000 $1,075,000 $10,282 6.38%
Rockport, TX (FHA|USDA|VA) 4 $1,010,000 $252,500 $7,622 7.06%
Safford, AZ (FHA|USDA|VA) 5 $1,005,000 $201,000 $3,125 8.82%
Boone, NC (FHA|USDA|VA) 1 $955,000 $955,000 $5,636 5.38%
YUBA CITY, CA (FHA|USDA|VA) 2 $950,000 $475,000 $9,490 6.06%
Mountain Home, ID (FHA|USDA|VA) 3 $855,000 $285,000 $9,724 6.83%
Mount Pleasant, TX (FHA|USDA|VA) 1 $825,000 $825,000 $8,767 7.00%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 2 $740,000 $370,000 $7,225 6.25%
Cañon City, CO (FHA|USDA|VA) 3 $685,000 $228,333 $4,006 7.42%
Jacksonville, TX (FHA|USDA|VA) 1 $685,000 $685,000 $3,421 5.75%
MIDLAND, TX (FHA|USDA|VA) 2 $660,000 $330,000 $5,894 6.81%
WENATCHEE, WA (FHA|USDA|VA) 1 $625,000 $625,000 $3,959 7.25%
Sandpoint, ID (FHA|USDA|VA) 2 $620,000 $310,000 $3,922 7.90%
Kerrville, TX (FHA|USDA|VA) 1 $605,000 $605,000 $20,811 4.38%
Shelton, WA (FHA|USDA|VA) 1 $585,000 $585,000 $8,921 5.63%
ALBUQUERQUE, NM (FHA|USDA|VA) 2 $550,000 $275,000 $0 8.13%
Bay City, TX (FHA|USDA|VA) 1 $545,000 $545,000 $10,315 9.00%
El Campo, TX (FHA|USDA|VA) 3 $525,000 $175,000 $2,933 5.81%
Brenham, TX (FHA|USDA|VA) 2 $480,000 $240,000 $0 6.74%
ALBANY-LEBANON, OR (FHA|USDA|VA) 1 $475,000 $475,000 $8,928 6.13%
Clearlake, CA (FHA|USDA|VA) 1 $475,000 $475,000 $4,670 7.00%
MEDFORD, OR (FHA|USDA|VA) 1 $475,000 $475,000 $8,520 6.88%
BELLINGHAM, WA (FHA|USDA|VA) 1 $465,000 $465,000 $7,000 8.50%
Española, NM (FHA|USDA|VA) 2 $460,000 $230,000 $4,334 7.94%
CORVALLIS, OR (FHA|USDA|VA) 1 $415,000 $415,000 $4,293 5.25%
Centralia, WA (FHA|USDA|VA) 1 $405,000 $405,000 $3,283 6.50%
Stephenville, TX (FHA|USDA|VA) 1 $385,000 $385,000 $0 5.25%
Hermiston-Pendleton, OR (FHA|USDA|VA) 1 $385,000 $385,000 $0 9.10%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 3 $365,000 $121,667 $0 7.63%
Port Angeles, WA (FHA|USDA|VA) 1 $365,000 $365,000 $0 8.85%
LOUISVILLE, KY (FHA|USDA|VA) 1 $355,000 $355,000 $2,929 5.50%
CHEYENNE, WY (FHA|USDA|VA) 1 $335,000 $335,000 $3,247 5.88%
MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) 1 $335,000 $335,000 $3,921 5.13%
MODESTO, CA (FHA|USDA|VA) 1 $325,000 $325,000 $1,570 7.38%
Athens, TX (FHA|USDA|VA) 1 $315,000 $315,000 $0 6.74%
Lufkin, TX (FHA|USDA|VA) 1 $305,000 $305,000 $6,412 7.00%
ABILENE, TX (FHA|USDA|VA) 1 $305,000 $305,000 $7,671 7.13%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $295,000 $295,000 $8,475 7.63%
Carlsbad-Artesia, NM (FHA|USDA|VA) 2 $290,000 $145,000 $4,035 7.50%
LUBBOCK, TX (FHA|USDA|VA) 2 $280,000 $140,000 $4,603 5.38%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $255,000 $255,000 $8,277 7.63%
Ukiah, CA (FHA|USDA|VA) 1 $245,000 $245,000 $0 8.05%
Palestine, TX (FHA|USDA|VA) 1 $225,000 $225,000 $0 6.74%
NAPA, CA (FHA|USDA|VA) 1 $215,000 $215,000 $0 9.93%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $175,000 $175,000 $0 8.40%
Craig, CO (FHA|USDA|VA) 1 $155,000 $155,000 $3,023 6.38%
Kingsville, TX (FHA|USDA|VA) 1 $145,000 $145,000 $6,298 5.88%
Bonham, TX (FHA|USDA|VA) 3 $135,000 $45,000 $0 9.54%
WICHITA, KS (FHA|USDA|VA) 1 $135,000 $135,000 $5,387 6.13%
MERCED, CA (FHA|USDA|VA) 1 $105,000 $105,000 $0 11.18%
Riverton, WY (FHA|USDA|VA) 1 $105,000 $105,000 $2,156 5.63%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 1 $85,000 $85,000 $3,508 5.63%
WACO, TX (FHA|USDA|VA) 1 $85,000 $85,000 $0 10.60%
Hobbs, NM (FHA|USDA|VA) 1 $65,000 $65,000 $0 9.00%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $65,000 $65,000 $2,168 8.50%
LAREDO, TX (FHA|USDA|VA) 1 $55,000 $55,000 $0 11.23%
SANTA FE, NM (FHA|USDA|VA) 1 $25,000 $25,000 $0 8.85%
Zions Bank's top markets include Houston, Los Angeles, Las Vegas, Denver, and Phoenix among others.

Their top states include:
  • Utah (FHA|USDA|VA)
  • California (FHA|USDA|VA)
  • Texas (FHA|USDA|VA)
  • Colorado (FHA|USDA|VA)
  • Arizona (FHA|USDA|VA)
  • Similar Lenders

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

    SunWest Credit Union
    Similarity Rank: 22
    Los Angeles Federal Credit Union
    Similarity Rank: 72
    SYNERGY HOME MORTGAGE, LLC
    Similarity Rank: 92
    MISSION
    Similarity Rank: 93
    PREMIER MORTGAGE SERVICES, INC.
    Similarity Rank: 100
    PIMA Federal Credit Union
    Similarity Rank: 110
    El Dorado Savings Bank, F.S.B.
    Similarity Rank: 126
    Alpine Bank
    Similarity Rank: 135
    State Bank of Southern Utah
    Similarity Rank: 176

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    HELOC 7,274 $1,794,450,000 $246,694 n/a 7.93%
    Conventional 2,989 $2,153,885,000 $720,604 $6,930 6.35%
    FHA 30 $10,940,000 $364,667 $11,159 6.30%
    VA 21 $12,295,000 $585,476 $11,883 6.13%

    For 2023, Zions Bank's most frequently originated type of loan was HELOC, with 7,274 originations. Their 2nd most popular type was Conventional, with 2,989 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Other 3,445 $815,305,000 $236,663 $0 8.13%
    Home Purchase 2,298 $1,730,540,000 $753,064 $8,122 6.40%
    Refi 2,056 $762,650,000 $370,939 $3,900 7.34%
    Home Improvement 1,887 $405,375,000 $214,825 $12,799 7.90%
    Cash Out Refi 628 $257,700,000 $410,350 $4,076 6.78%

    For 2023, Zions Bank's most frequently cited loan purpose was Other, with 3,445 originations. The 2nd most popular reason was Home Purchase, with 2,298 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,386 $3,048,150,000 $324,755 $6,154 7.54%
    30+ year 526 $663,000,000 $1,260,456 $13,458 6.46%
    15 Year 259 $48,865,000 $188,668 $2,933 6.94%
    10 Year 80 $29,230,000 $365,375 $997 6.84%
    20 Year 35 $10,275,000 $293,571 $4,860 6.55%
    Other 14 $123,340,000 $8,810,000 $58 6.89%
    5 Year 13 $36,705,000 $2,823,462 $1,009 6.53%
    3 Year 1 $12,005,000 $12,005,000 $0 7.57%

    For 2023, Zions Bank's most frequently cited loan duration was 30 Year, with 9,386 originations. The 2nd most popular length was 30+ year, with 526 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,434 $1,209,390,000 $843,368
    $<1k 418 $221,190,000 $529,163
    $5k+ 331 $270,945,000 $818,565
    $2k-3k 170 $63,060,000 $370,941
    $3k-4k 149 $57,255,000 $384,262
    $4k-5k 77 $31,635,000 $410,844

    Zions Bank's average total fees were $6,154, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,434 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    Over 8% 4,336 $1,065,970,000 $245,842
    6-7% 2,487 $1,007,155,000 $404,968
    5-6% 1,889 $1,083,685,000 $573,682
    7-8% 1,005 $532,325,000 $529,677
    3-4% 421 $102,695,000 $243,931
    4-5% 176 $179,740,000 $1,021,250

    During 2023, Zions Bank's average interest rate for loans was 7.54%, while their most frequently originated rate bucket for loans was Over 8%, with 4,336 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 2,589 $731,765,000 $282,644 $5,372 7.38%
    $100,000 or less 2,397 $141,945,000 $59,218 $1,858 8.01%
    $100k-200k 2,273 $316,155,000 $139,092 $3,738 7.75%
    $400k-600k 1,432 $670,470,000 $468,205 $6,563 7.18%
    $600k-1MM 890 $671,760,000 $754,787 $7,881 6.74%
    $1MM+ 733 $1,439,475,000 $1,963,813 $13,095 6.49%

    2023 saw Zions Bank place emphasis on $200k-400k loans with 2,589 originations, totaling $731,765,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $250k+ 2,827 $2,147,505,000 $759,641 $9,654 7.18%
    $150k-250k 2,388 $769,400,000 $322,194 $6,440 7.50%
    $100k-150k 2,096 $450,380,000 $214,876 $5,605 7.65%
    $75k-100k 1,139 $176,475,000 $154,939 $4,817 7.63%
    $50k-75k 1,027 $123,595,000 $120,346 $4,246 7.68%
    $50k or less 509 $41,155,000 $80,855 $3,477 7.48%

    Zions Bank lent most frequently to those with incomes in the $250k+ range, with 2,827 originations. The second most popular income band? $150k-250k, with 2,388 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,540 $575,880,000 $373,948 $6,156 7.30%
    30-36% 1,432 $548,450,000 $382,996 $6,482 7.30%
    50-60% 1,363 $370,535,000 $271,853 $11,098 7.94%
    <20% 677 $292,275,000 $431,721 $7,224 7.27%
    44% 489 $240,365,000 $491,544 $8,494 7.44%
    42% 451 $170,635,000 $378,348 $6,350 7.27%
    43% 425 $165,965,000 $390,506 $7,290 7.32%
    49% 388 $153,490,000 $395,593 $8,392 7.29%
    41% 372 $154,760,000 $416,022 $7,723 7.39%
    47% 370 $124,480,000 $336,432 $7,191 7.60%
    48% 358 $120,100,000 $335,475 $7,568 7.55%
    40% 354 $143,660,000 $405,819 $6,943 7.54%
    46% 334 $119,770,000 $358,593 $7,886 7.48%
    45% 315 $103,885,000 $329,794 $8,607 7.62%
    36% 310 $116,280,000 $375,097 $6,119 7.38%
    39% 309 $106,155,000 $343,544 $6,587 7.51%
    37% 305 $111,245,000 $364,738 $6,339 7.48%
    38% 270 $114,080,000 $422,519 $6,508 7.61%
    >60% 33 $15,375,000 $465,909 $13,046 8.01%

    Zions Bank lent most frequently to those with DTI ratios of 20-30%, with 1,540 originations. The next most common DTI ratio? 30-36%, with 1,432 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,430 $2,919,580,000 $346,332 $6,955 7.53%
    Not provided 706 $420,080,000 $595,014 $7,739 6.74%
    Asian 401 $246,685,000 $615,175 $6,479 6.58%
    Not applicable 29 $189,145,000 $6,522,241 $0 6.74%
    Black 207 $43,615,000 $210,700 $6,218 7.20%
    Asian Indian 96 $35,690,000 $371,771 $0 7.54%
    Chinese 95 $31,095,000 $327,316 $0 8.56%
    Vietnamese 89 $27,055,000 $303,989 $0 8.88%
    Korean 64 $15,700,000 $245,313 $0 8.69%
    American Indian 60 $14,780,000 $246,333 $4,841 7.45%
    Native Hawaiian or Islander 34 $8,550,000 $251,471 $6,801 7.87%
    Filipino 52 $7,080,000 $136,154 $0 7.68%
    Other Asian 22 $6,930,000 $315,000 $0 7.74%
    Japanese 16 $3,200,000 $200,000 $0 8.49%
    Other Pacific Islander 6 $1,280,000 $213,333 $0 7.59%
    Native Hawaiian 4 $690,000 $172,500 $0 8.49%
    Guamanian 2 $340,000 $170,000 $0 8.75%
    Samoan 1 $75,000 $75,000 $0 3.49%

    Approval Rates

    Total approvals of all applications
    66.62%

    Zions Bank has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    69.02%

    Zions Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 10,314 $3,971,570,000 $385,066

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    10,314 $3,971,570,000 $385,066

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3,037 $795,045,000 $261,786 $4,259 7.77%
    40-60% 1,502 $881,680,000 $587,004 $7,358 7.19%
    60-80% 1,878 $1,406,610,000 $748,994 $8,430 6.74%
    80-100% 910 $535,850,000 $588,846 $6,969 6.42%
    Over 100% 4 $2,730,000 $682,500 $24,167 6.28%
    Under 20% 2,980 $349,330,000 $117,225 $1,942 8.07%