Heber VA Loan Rates, Closing Costs & Stats

Heber, UT

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.