Heber VA Loan Rates, Closing Costs & Stats

Heber, 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.

    Heber's 51 lenders originated 195 VA loans during 2021. The total origination value was $130,135,000, with an average VA loan value of $667,359.

    Heber VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Heber averaged 6.22% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

    Heber's average VA mortgage closing costs are $8,763.

    The average rate for the prior week (2023-01-20) was 5.95% and one month ago for the week of 2022-12-23, the average rate was 6.62%.

    The average rate one year ago was 4.02%.

    For refis of the same type during the week of 2023-01-27, the average rate was 6.1%.

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

    Heber 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 Heber level.

    Name # of Loans 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 19 2.46% $7,802
    QUICKEN LOANS, LLC 18 2.40% $7,812
    HOME POINT FINANCIAL CORPORATION 11 2.30% $9,578
    Mortgage Research Center, LLC 11 2.79% $18,202
    PENNYMAC LOAN SERVICES, LLC 9 2.31% $10,729
    LOANDEPOT.COM, LLC 8 2.42% $18,554
    CALIBER HOME LOANS, INC. 8 2.39% $13,069
    FREEDOM MORTGAGE CORPORATION 7 2.29% $3,052
    VILLAGE CAPITAL MORTGAGE 6 2.17% $7,662
    INTERCAP LENDING INC. 6 2.48% $5,068
    GUILD MORTGAGE COMPANY 4 2.75% $7,016
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 4 2.59% $13,056
    CMG MORTGAGE, INC. 4 2.44% $19,364
    SECURITY HOME MORTGAGE, LLC. 3 2.63% $9,669
    USAA Federal Savings Bank 3 2.83% $11,413
    Barrington Bank & Trust Company, N.A. 3 2.63% $11,288
    BROKER SOLUTIONS, INC. 3 2.96% $21,886
    CELEBRITY HOME LOANS, LLC 3 2.88% $15,369
    CROSSCOUNTRY MORTGAGE, LLC 3 2.50% $32,054
    LAKEVIEW LOAN SERVICING, LLC 3 2.38% $5,644
    PENTAGON FEDERAL CREDIT UNION 3 2.42% $4,304
    North American Savings Bank, F.S.B. 3 2.25% $1,870
    MY MOVE MORTGAGE, LLC 2 2.56% $4,756
    FIRST COLONY MORTGAGE CORPORATION 2 2.50% $3,654
    NAVY FEDERAL CREDIT UNION 2 2.50% $16,124
    NBKC BANK 2 2.38% $3,581
    STEARNS LENDING, LLC 2 2.31% $3,533
    The Federal Savings Bank 2 2.75% $6,593
    UTAH COMMUNITY 2 2.63% $2,576
    Zions Bancorporation, N.A. 2 2.31% $1,015
    GUARANTEED RATE, INC. 1 2.63% $37,705
    Northpointe Bank 1 2.63% $15,087
    Paramount Bank 1 2.25% $1,965
    GUARANTEED RATE AFFINITY, LLC 1 2.63% $5,435
    Flagstar Bank, FSB 1 2.75% $5,491
    PHH Mortgage Corporation 1 3.00% $26,939
    First Home Bank 1 2.63% $1,876
    RANLIFE, INC. 1 3.13% $30,226
    FirstBank 1 2.25% $1,667
    SECURITYNATIONAL MORTGAGE COMPANY 1 2.38% $12,837
    VERITAS FUNDING, LLC 1 2.25% $2,883
    Sunflower Bank 1 2.99% $39,483
    AMERICAN FINANCIAL NETWORK, INC. 1 2.25% $4,768
    UNITED SECURITY FINANCIAL CORP 1 2.13% $5,116
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $4,589
    GUARANTY HOME MORTGAGE CORPORATION 1 2.38% $2,559
    ACADEMY MORTGAGE CORPORATION 1 2.75% $22,137
    AMERISAVE MORTGAGE CORPORATION 1 2.50% $2,718
    Watermark Capital, Inc. 1 2.38% $1,150
    NEST HOME LENDING, LLC 1 2.75% $3,629
    NEWREZ LLC 1 2.25% $2,496

    The top Heber VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 19 VA loans originated. Their average total fees are $7,802, which is $10 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Heber VA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC ($7,802), QUICKEN LOANS, LLC ($7,812), HOME POINT FINANCIAL CORPORATION ($9,578), Mortgage Research Center, LLC ($18,202) and .

    The lowest rate Heber VA lenders (with over 10 loans originated) are HOME POINT FINANCIAL CORPORATION (2.30%), QUICKEN LOANS, LLC (2.40%), UNITED WHOLESALE MORTGAGE, LLC (2.46%), Mortgage Research Center, LLC (2.79%) and .

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Heber (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $1,262,500 (12.3%) $2,065,426 (6.3%) 0.00 1,148
    2018-02-01 $1,292,000 (10.0%) $2,071,838 (5.0%) 0.00 1,178
    2018-03-01 $1,249,950 (5.8%) $2,029,554 (2.5%) 0.00 1,237
    2018-04-01 $1,112,000 (1.1%) $1,906,010 (-2.4%) 0.00 1,245
    2018-05-01 $981,250 (-1.5%) $1,821,814 (-3.8%) 0.00 1,281
    2018-06-01 $995,000 (4.8%) $1,783,775 (-2.0%) 0.00 1,378
    2018-07-01 $1,033,000 (8.5%) $1,789,972 (0.1%) 0.00 1,432
    2018-08-01 $975,000 (2.7%) $1,719,384 (-3.1%) 0.00 1,498
    2018-09-01 $969,000 (-1.6%) $1,710,871 (-6.3%) 0.00 1,509
    2018-10-01 $947,500 (-5.2%) $1,702,495 (-8.8%) 0.00 1,495
    2018-11-01 $1,002,750 (-8.1%) $1,764,490 (-7.7%) 0.00 1,447
    2018-12-01 $1,035,000 (-8.0%) $1,802,888 (-8.3%) 0.00 1,469
    2019-01-01 $1,087,500 (-13.9%) $1,843,900 (-10.7%) 0.00 1,470
    2019-02-01 $1,112,500 (-13.9%) $1,856,510 (-10.4%) 0.00 1,454
    2019-03-01 $1,112,143 (-11.0%) $1,841,423 (-9.3%) 0.00 1,429
    2019-04-01 $1,095,000 (-1.5%) $1,817,529 (-4.6%) 0.00 1,379
    2019-05-01 $1,000,000 (1.9%) $1,745,941 (-4.2%) 0.00 1,413
    2019-06-01 $1,025,000 (3.0%) $1,751,015 (-1.8%) 0.00 1,510
    2019-07-01 $1,095,000 (6.0%) $1,803,667 (0.8%) 0.00 1,557
    2019-08-01 $1,114,273 (14.3%) $1,829,041 (6.4%) 0.00 1,505
    2019-09-01 $1,105,682 (14.1%) $1,851,217 (8.2%) 0.00 1,426
    2019-10-01 $1,100,455 (16.1%) $1,870,771 (9.9%) 0.00 1,355
    2019-11-01 $1,179,000 (17.6%) $1,949,732 (10.5%) 0.00 1,295
    2019-12-01 $1,163,125 (12.4%) $1,985,986 (10.2%) 0.00 1,272
    2020-01-01 $1,222,500 (12.4%) $2,053,588 (11.4%) 0.00 1,244
    2020-02-01 $1,272,000 (14.3%) $2,104,745 (13.4%) 0.00 1,227
    2020-03-01 $1,135,000 (2.1%) $2,025,555 (10.0%) 0.00 1,264
    2020-04-01 $950,000 (-13.2%) $1,856,467 (2.1%) 0.00 1,250
    2020-05-01 $924,900 (-7.5%) $1,764,267 (1.1%) 0.00 1,341
    2020-06-01 $929,975 (-9.3%) $1,777,141 (1.5%) 0.00 1,402
    2020-07-01 $975,000 (-11.0%) $1,876,703 (4.1%) 0.00 1,390
    2020-08-01 $975,000 (-12.5%) $1,946,382 (6.4%) 0.00 1,238
    2020-09-01 $977,725 (-11.6%) $2,050,270 (10.8%) 0.00 1,059
    2020-10-01 $939,000 (-14.7%) $2,063,479 (10.3%) 0.00 903
    2020-11-01 $995,112 (-15.6%) $2,202,864 (13.0%) 0.00 743
    2020-12-01 $1,072,125 (-7.8%) $2,279,110 (14.8%) 0.00 677
    2021-01-01 $1,199,900 (-1.9%) $2,457,700 (19.7%) 0.00 616
    2021-02-01 $1,299,250 (2.1%) $2,631,592 (25.0%) 0.00 538
    2021-03-01 $1,330,000 (17.2%) $2,749,402 (35.7%) 0.00 481
    2021-04-01 $1,350,000 (42.1%) $2,746,261 (47.9%) 0.00 474
    2021-05-01 $1,299,000 (40.5%) $2,580,048 (46.2%) 0.00 514
    2021-06-01 $1,284,879 (38.2%) $2,596,490 (46.1%) 0.00 553
    2021-07-01 $1,299,999 (33.3%) $2,663,480 (41.9%) 0.00 561
    2021-08-01 $1,297,487 (33.1%) $2,493,156 (28.1%) 0.00 569
    2021-09-01 $1,295,000 (32.5%) $2,554,009 (24.6%) 0.00 530
    2021-10-01 $1,493,000 (59.0%) $2,725,394 (32.1%) 0.00 474
    2021-11-01 $1,719,884 (72.8%) $2,977,412 (35.2%) 0.00 385
    2021-12-01 $1,819,500 (69.7%) $3,063,657 (34.4%) 0.00 356
    2022-01-01 $1,700,000 (41.7%) $2,941,701 (19.7%) 0.00 333
    2022-02-01 $1,747,250 (34.5%) $2,993,566 (13.8%) 0.00 317
    2022-03-01 $1,794,000 (34.9%) $2,971,743 (8.1%) 0.00 370
    2022-04-01 $1,763,435 (30.6%) $2,839,264 (3.4%) 0.00 407
    2022-05-01 $1,600,000 (23.2%) $2,666,923 (3.4%) 0.00 550
    2022-06-01 $1,550,000 (20.6%) $2,630,962 (1.3%) 0.00 773
    2022-07-01 $1,500,000 (15.4%) $2,578,193 (-3.2%) 0.00 1,042
    2022-08-01 $1,517,500 (17.0%) $2,601,134 (4.3%) 0.00 1,087
    2022-09-01 $1,499,950 (15.8%) $2,637,260 (3.3%) 0.00 1,041
    2022-10-01 $1,549,450 (3.8%) $2,652,741 (-2.7%) 0.00 992
    2022-11-01 $1,592,950 (-7.4%) $2,828,058 (-5.0%) 0.00 966
    2022-12-01 $1,600,000 (-12.1%) $2,995,019 (-2.2%) 0.00 896
    Heber's median listing price for 2022-12-01 was $1,600,000, a difference of $-219,500 (-12.1%) versus the prior year and $7,050 versus the prior month.

    Heber's median listing price comes in at 0% of the national average.

    Heber's average listing price for 2022-12-01 was $2,995,019, a difference of $-68,638 (-2.2%) versus the prior year and $166,961 versus the prior month.

    For the 2022-12-01 period, Heber had 896 MLS listings, a difference of -70 listings (-7%) versus the prior month and 540 listings (152%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Heber (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 2,807 sqft
    2018-02-01 0 days 2,808 sqft
    2018-03-01 0 days 2,850 sqft
    2018-04-01 0 days 2,861 sqft
    2018-05-01 0 days 2,961 sqft
    2018-06-01 0 days 3,000 sqft
    2018-07-01 0 days 3,017 sqft
    2018-08-01 0 days 2,983 sqft
    2018-09-01 0 days 3,025 sqft
    2018-10-01 0 days 3,033 sqft
    2018-11-01 0 days 3,043 sqft
    2018-12-01 0 days 2,850 sqft
    2019-01-01 0 days 2,801 sqft
    2019-02-01 0 days 2,746 sqft
    2019-03-01 0 days 2,699 sqft
    2019-04-01 0 days 2,731 sqft
    2019-05-01 0 days 2,726 sqft
    2019-06-01 0 days 2,857 sqft
    2019-07-01 0 days 2,968 sqft
    2019-08-01 0 days 3,011 sqft
    2019-09-01 0 days 3,027 sqft
    2019-10-01 0 days 3,047 sqft
    2019-11-01 0 days 3,026 sqft
    2019-12-01 0 days 2,956 sqft
    2020-01-01 0 days 2,964 sqft
    2020-02-01 0 days 2,902 sqft
    2020-03-01 0 days 2,877 sqft
    2020-04-01 0 days 2,745 sqft
    2020-05-01 0 days 2,722 sqft
    2020-06-01 0 days 2,710 sqft
    2020-07-01 0 days 2,726 sqft
    2020-08-01 0 days 2,716 sqft
    2020-09-01 0 days 2,711 sqft
    2020-10-01 0 days 2,630 sqft
    2020-11-01 0 days 2,571 sqft
    2020-12-01 0 days 2,556 sqft
    2021-01-01 0 days 2,498 sqft
    2021-02-01 0 days 2,449 sqft
    2021-03-01 0 days 2,458 sqft
    2021-04-01 0 days 2,539 sqft
    2021-05-01 0 days 2,565 sqft
    2021-06-01 0 days 2,750 sqft
    2021-07-01 0 days 2,758 sqft
    2021-08-01 0 days 2,724 sqft
    2021-09-01 0 days 2,909 sqft
    2021-10-01 0 days 3,197 sqft
    2021-11-01 0 days 3,371 sqft
    2021-12-01 0 days 3,267 sqft
    2022-01-01 0 days 3,107 sqft
    2022-02-01 0 days 2,720 sqft
    2022-03-01 0 days 2,809 sqft
    2022-04-01 0 days 2,791 sqft
    2022-05-01 0 days 2,759 sqft
    2022-06-01 0 days 2,810 sqft
    2022-07-01 0 days 2,801 sqft
    2022-08-01 0 days 2,761 sqft
    2022-09-01 0 days 2,781 sqft
    2022-10-01 0 days 2,799 sqft
    2022-11-01 0 days 2,822 sqft
    2022-12-01 0 days 2,936 sqft
    Heber's median listing age (time on market) for 2022-12-01 was 0 days.

    Heber's median square footage for active listings during the 2022-12-01 period was 2,936 sqft. One year prior, the average listing was 3,267 sqft.

    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.