Cedar City VA Loan Rates, Closing Costs & Stats

Cedar City, UT

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Cedar City's 39 lenders originated 139 VA loans during 2024. The total origination value was $57,465,000, with an average VA loan value of $413,417.

    Cedar City VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Cedar City averaged 0.08% for the week of 2025-07-04, compared to the national average (all VA variants) of 0% for the same period.

    Cedar City's average VA mortgage closing costs are $6,857.

    The average rate for the prior week (2025-06-27) was 6.51% and one month ago for the week of 2025-05-30, the average rate was 6.74%.

    The average rate one year ago was 6.76%.

    For refis of the same type during the week of 2025-07-04, the average rate was 0.03%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Cedar City VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Cedar City level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 24 5.95% $7,076
    Mortgage Research Center, LLC 19 6.26% $5,534
    QUICKEN LOANS, LLC 10 5.86% $9,741
    GUILD MORTGAGE COMPANY 10 6.56% $14,913
    AMERICAN FINANCIAL NETWORK, INC. 9 5.72% $5,607
    FREEDOM MORTGAGE CORPORATION 7 6.28% $11,505
    INTERCAP LENDING INC. 6 6.13% $7,445
    PENNYMAC LOAN SERVICES, LLC 5 5.83% $5,797
    NEWREZ LLC 4 5.77% $10,150
    SUN AMERICAN MORTGAGE COMPANY 3 5.96% $14,577
    VILLAGE CAPITAL MORTGAGE 2 5.75% $7,507
    BROKER SOLUTIONS, INC. 2 6.50% $5,781
    CORNERSTONE HOME LENDING, INC. 2 6.13% $9,880
    DHI MORTGAGE COMPANY, LTD. 2 5.75% $4,323
    Flagstar Bank, FSB 2 6.50% $3,929
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.94% $10,989
    MOUNTAIN AMERICA 2 5.50% $4,224
    NAVY FEDERAL CREDIT UNION 2 5.88% $1,765
    The Federal Savings Bank 2 6.00% $17,871
    MORTGAGEONE, INC. 1 5.63% $7,067
    LAKEVIEW LOAN SERVICING, LLC 1 6.25% $3,590
    USAA Federal Savings Bank 1 6.38% $4,705
    Mr. Cooper ( Nationstar Mortgage ) 1 5.75% $18,823
    VERITAS FUNDING, LLC 1 5.50% $9,238
    First National Bank Texas 1 5.63% $3,363
    NFM, INC. 1 6.13% $3,005
    First Federal Bank 1 5.25% $1,218
    Plains Commerce Bank 1 5.63% $9,783
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.75% $6,663
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 1 6.12% $14,456
    Sierra Pacific Mortgage Company, Inc. 1 6.50% $10,541
    DIRECT MORTGAGE, CORP. 1 6.63% $16,572
    SUN WEST MORTGAGE COMPANY, INC. 1 4.88% $12,890
    BELEM SERVICING LLC 1 6.00% $0
    The Loan Store, Inc. 1 6.13% $10,530
    CANOPY MORTGAGE, LLC 1 6.63% $7,149
    LOANDEPOT.COM, LLC 1 5.99% $13,165
    LOANPAL, LLC 1 6.13% $26,252
    Magnolia Bank 1 5.75% $9,355

    The top Cedar City VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 24 VA loans originated. Their average total fees are $7,076, which is $1,542 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Cedar City VA lenders (with over 10 loans originated) are Mortgage Research Center, LLC ($5,534), UNITED WHOLESALE MORTGAGE, LLC ($7,076), QUICKEN LOANS, LLC ($9,741), GUILD MORTGAGE COMPANY ($14,913) and .

    The lowest rate Cedar City VA lenders (with over 10 loans originated) are QUICKEN LOANS, LLC (5.86%), UNITED WHOLESALE MORTGAGE, LLC (5.95%), Mortgage Research Center, LLC (6.26%), GUILD MORTGAGE COMPANY (6.56%) and .

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.