Provo VA Loan Rates, Closing Costs & Stats

PROVO-OREM, 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.

    Provo's 77 lenders originated 622 VA loans during 2024. The total origination value was $329,210,000, with an average VA loan value of $529,277.

    Provo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Provo averaged 6.61% for the week of 2025-05-23, compared to the national average (all VA variants) of 6.52% for the same period.

    Provo's average VA mortgage closing costs are $8,012.

    The average rate for the prior week (2025-05-16) was 6.5% and one month ago for the week of 2025-04-18, the average rate was 6.37%.

    The average rate one year ago was 6.68%.

    For refis of the same type during the week of 2025-05-23, the average rate was 6.56%.

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

    Provo 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 Provo level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 132 5.90% $8,465
    Mortgage Research Center, LLC 42 6.08% $8,249
    FIRST COLONY MORTGAGE CORPORATION 35 6.08% $9,257
    QUICKEN LOANS, LLC 31 5.82% $14,782
    FREEDOM MORTGAGE CORPORATION 26 6.06% $12,439
    DHI MORTGAGE COMPANY, LTD. 24 5.31% $8,925
    INTERCAP LENDING INC. 23 5.81% $10,237
    EAGLE HOME MORTGAGE, LLC 15 5.15% $9,279
    NEWREZ LLC 14 5.93% $9,295
    Century Mortgage Company DBA Century Lending Company 13 5.80% $8,819
    MY MOVE MORTGAGE, LLC 12 5.85% $14,881
    HOMEAMERICAN MORTGAGE CORPORATION 12 5.28% $7,208
    PENNYMAC LOAN SERVICES, LLC 12 5.75% $12,604
    LOANDEPOT.COM, LLC 12 5.46% $11,483
    CROSSCOUNTRY MORTGAGE, LLC 11 6.39% $9,096
    GUILD MORTGAGE COMPANY 10 6.03% $18,746
    VILLAGE CAPITAL MORTGAGE 9 5.82% $10,988
    The Federal Savings Bank 9 6.08% $22,259
    RANLIFE, INC. 8 6.05% $19,132
    SECURITYNATIONAL MORTGAGE COMPANY 8 6.41% $13,282
    GUARANTEED RATE, INC. 8 5.94% $15,469
    LAKEVIEW LOAN SERVICING, LLC 7 5.68% $11,623
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.43% $10,524
    NAVY FEDERAL CREDIT UNION 6 6.04% $14,525
    CMG MORTGAGE, INC. 6 5.88% $12,807
    Plains Commerce Bank 5 5.68% $12,316
    The Loan Store, Inc. 5 6.38% $18,112
    CANOPY MORTGAGE, LLC 5 5.80% $14,237
    Barrington Bank & Trust Company, N.A. 5 5.53% $6,486
    DIRECT MORTGAGE, CORP. 4 6.25% $14,758
    Northpointe Bank 3 5.63% $4,089
    USAA Federal Savings Bank 3 5.71% $8,794
    CLM MORTGAGE, INC 3 6.08% $10,258
    SUN WEST MORTGAGE COMPANY, INC. 3 5.71% $9,304
    PLANET HOME LENDING, LLC 3 5.66% $5,448
    NEST HOME LENDING, LLC 3 5.79% $10,701
    MORTGAGEONE, INC. 2 7.00% $11,310
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.38% $2,538
    BELEM SERVICING LLC 2 6.12% $5,928
    BROKER SOLUTIONS, INC. 2 6.25% $8,726
    Equity Prime Mortgage LLC 2 6.13% $19,501
    First Federal Bank 2 5.19% $7,160
    Magnolia Bank 2 5.56% $13,574
    MOUNTAIN AMERICA 2 5.25% $11,632
    MOVEMENT MORTGAGE, LLC 2 7.00% $8,415
    NATIONS RELIABLE LENDING, LLC 2 5.75% $7,547
    NBKC BANK 2 5.50% $6,394
    Paramount Residential Mortgage Group, Inc. 2 5.94% $4,229
    PLAZA HOME MORTGAGE, INC. 2 6.44% $13,161
    UTAH COMMUNITY 2 5.88% $16,616
    AMERICA FIRST 1 6.13% $20,206
    GUARANTEED RATE AFFINITY, LLC 1 5.99% $7,599
    Utah Mortgage Loan Corporation 1 5.88% $291
    Patriot Bank 1 5.88% $3,893
    EVERETT FINANCIAL, INC. 1 2.50% $4,836
    PHH Mortgage Corporation 1 5.99% $6,990
    CORNERSTONE HOME LENDING, INC. 1 6.75% $5,950
    CITYWIDE HOME LOANS, LLC 1 5.63% $16,121
    VAN DYK MORTGAGE CORPORATION 1 6.63% $18,672
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.75% $4,635
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.00% $2,254
    CASTLE & COOKE MORTGAGE, LLC 1 5.63% $115
    Carrington Mortgage Services, LLC 1 6.25% $9,546
    SECURITY HOME MORTGAGE, LLC. 1 6.63% $22,598
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $1,435
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $1,571
    Bank of Utah 1 6.25% $15,398
    Bank of England 1 6.75% $13,452
    AXIA FINANCIAL, LLC 1 5.75% $11,441
    UNION HOME MORTGAGE CORP. 1 6.13% $13,179
    Armed Forces Bank 1 6.13% $27,497
    AMERISAVE MORTGAGE CORPORATION 1 4.88% $35,338
    U.S. Bank 1 6.25% $5,845
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $15,124
    NBH Bank 1 6.12% $4,191
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $10,668
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $2,746

    The top Provo VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 132 VA loans originated. Their average total fees are $8,465, which is $216 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Provo VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($7,208), Mortgage Research Center, LLC ($8,249), UNITED WHOLESALE MORTGAGE, LLC ($8,465), Century Mortgage Company DBA Century Lending Company ($8,819) and DHI MORTGAGE COMPANY, LTD. ($8,925).

    The lowest rate Provo VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.15%), HOMEAMERICAN MORTGAGE CORPORATION (5.28%), DHI MORTGAGE COMPANY, LTD. (5.31%), LOANDEPOT.COM, LLC (5.46%) and PENNYMAC LOAN SERVICES, LLC (5.75%).

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Provo (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 $370,450 (7.6%) $523,394 (5.2%) 1.37 1,471
    2018-02-01 $383,550 (8.8%) $532,076 (4.0%) 1.39 1,408
    2018-03-01 $393,450 (7.8%) $541,098 (2.6%) 1.38 1,403
    2018-04-01 $395,540 (5.5%) $549,204 (2.2%) 1.34 1,516
    2018-05-01 $398,950 (7.9%) $545,797 (2.1%) 1.33 1,680
    2018-06-01 $399,810 (6.9%) $534,017 (0.5%) 1.33 1,912
    2018-07-01 $398,913 (7.5%) $532,608 (3.4%) 1.33 1,924
    2018-08-01 $398,413 (9.5%) $529,349 (5.5%) 1.33 2,007
    2018-09-01 $389,970 (6.8%) $520,406 (5.6%) 1.31 2,094
    2018-10-01 $387,450 (6.2%) $505,780 (0.9%) 1.31 2,296
    2018-11-01 $381,590 (3.4%) $499,874 (-2.5%) 1.29 2,327
    2018-12-01 $379,950 (2.9%) $494,649 (-4.1%) 1.31 2,222
    2019-01-01 $381,444 (3.0%) $481,272 (-8.1%) 1.32 2,058
    2019-02-01 $387,621 (1.1%) $477,776 (-10.2%) 1.31 2,032
    2019-03-01 $396,053 (0.7%) $493,252 (-8.8%) 1.30 2,057
    2019-04-01 $402,332 (1.7%) $513,208 (-6.6%) 1.28 2,107
    2019-05-01 $399,188 (0.1%) $517,156 (-5.3%) 1.25 2,184
    2019-06-01 $399,995 (0.1%) $526,470 (-1.4%) 1.25 2,283
    2019-07-01 $408,485 (2.4%) $532,696 (0.0%) 1.28 2,316
    2019-08-01 $405,811 (1.9%) $527,635 (-0.3%) 1.29 2,313
    2019-09-01 $402,542 (3.2%) $521,896 (0.3%) 1.29 2,297
    2019-10-01 $398,500 (2.9%) $513,125 (1.5%) 1.29 2,286
    2019-11-01 $398,828 (4.5%) $515,045 (3.0%) 1.31 2,016
    2019-12-01 $399,900 (5.3%) $527,180 (6.6%) 1.33 1,804
    2020-01-01 $409,950 (7.5%) $526,694 (9.4%) 1.37 1,641
    2020-02-01 $429,900 (10.9%) $549,410 (15.0%) 1.41 1,404
    2020-03-01 $430,950 (8.8%) $560,687 (13.7%) 1.35 1,450
    2020-04-01 $416,861 (3.6%) $510,862 (-0.5%) 1.31 1,839
    2020-05-01 $427,905 (7.2%) $545,596 (5.5%) 1.30 1,730
    2020-06-01 $438,938 (9.7%) $583,967 (10.9%) 1.29 1,423
    2020-07-01 $453,970 (11.1%) $607,626 (14.1%) 1.32 1,178
    2020-08-01 $470,990 (16.1%) $665,773 (26.2%) 1.35 1,016
    2020-09-01 $495,968 (23.2%) $703,263 (34.8%) 1.42 872
    2020-10-01 $504,995 (26.7%) $814,567 (58.8%) 1.45 708
    2020-11-01 $522,475 (31.0%) $898,995 (74.6%) 1.53 581
    2020-12-01 $545,745 (36.5%) $917,466 (74.0%) 1.62 500
    2021-01-01 $535,000 (30.5%) $978,869 (85.9%) 1.60 404
    2021-02-01 $534,225 (24.3%) $1,081,654 (96.9%) 1.56 314
    2021-03-01 $510,425 (18.4%) $1,025,177 (82.8%) 1.45 357
    2021-04-01 $541,750 (30.0%) $1,015,124 (98.7%) 1.47 436
    2021-05-01 $550,000 (28.5%) $957,661 (75.5%) 1.46 550
    2021-06-01 $547,450 (24.7%) $887,914 (52.1%) 1.44 712
    2021-07-01 $544,950 (20.0%) $839,987 (38.2%) 1.44 851
    2021-08-01 $551,200 (17.0%) $855,981 (28.6%) 1.47 880
    2021-09-01 $537,119 (8.3%) $838,551 (19.2%) 1.43 913
    2021-10-01 $539,900 (6.9%) $861,239 (5.7%) 1.44 847
    2021-11-01 $546,950 (4.7%) $891,802 (-0.8%) 1.46 753
    2021-12-01 $559,675 (2.6%) $953,207 (3.9%) 1.52 582
    2022-01-01 $559,450 (4.6%) $943,434 (-3.6%) 1.51 469
    2022-02-01 $590,000 (10.4%) $1,014,629 (-6.2%) 1.53 428
    2022-03-01 $592,475 (16.1%) $964,746 (-5.9%) 1.48 462
    2022-04-01 $619,000 (14.3%) $967,994 (-4.6%) 1.48 678
    2022-05-01 $617,400 (12.3%) $855,307 (-10.7%) 1.41 1,232
    2022-06-01 $608,789 (11.2%) $824,474 (-7.1%) 1.36 1,700
    2022-07-01 $589,900 (8.3%) $791,646 (-5.8%) 1.33 2,169
    2022-08-01 $571,915 (3.8%) $757,555 (-11.5%) 1.32 2,326
    2022-09-01 $558,015 (3.9%) $742,636 (-11.4%) 1.30 2,351
    2022-10-01 $549,900 (1.9%) $747,324 (-13.2%) 1.29 2,419
    2022-11-01 $549,900 (0.5%) $747,133 (-16.2%) 1.32 2,289
    2022-12-01 $550,000 (-1.7%) $747,637 (-21.6%) 1.36 2,070
    2023-01-01 $561,560 (0.4%) $762,957 (-19.1%) 1.39 1,722
    2023-02-01 $554,950 (-5.9%) $780,706 (-23.1%) 1.34 1,519
    2023-03-01 $574,995 (-3.0%) $808,090 (-16.2%) 1.36 1,409
    2023-04-01 $589,443 (-4.8%) $822,619 (-15.0%) 1.37 1,357
    2023-05-01 $599,997 (-2.8%) $829,175 (-3.1%) 1.36 1,430
    2023-06-01 $599,450 (-1.5%) $839,871 (1.9%) 1.35 1,553
    2023-07-01 $599,990 (1.7%) $859,701 (8.6%) 1.36 1,616
    2023-08-01 $591,675 (3.5%) $839,916 (10.9%) 1.36 1,747
    2023-09-01 $579,900 (3.9%) $826,947 (11.4%) 1.35 1,851
    2023-10-01 $569,188 (3.5%) $813,483 (8.9%) 1.34 1,842
    2023-11-01 $573,986 (4.4%) $832,263 (11.4%) 1.37 1,776
    2023-12-01 $569,990 (3.6%) $842,343 (12.7%) 1.39 1,535
    2024-01-01 $574,650 (2.3%) $834,235 (9.3%) 1.40 1,378
    2024-02-01 $571,145 (2.9%) $816,762 (4.6%) 1.37 1,360
    2024-03-01 $569,999 (-0.9%) $804,696 (-0.4%) 1.34 1,415
    2024-04-01 $588,900 (-0.1%) $840,829 (2.2%) 1.37 1,557
    2024-05-01 $590,498 (-1.6%) $830,396 (0.2%) 1.34 1,849
    2024-06-01 $585,000 (-2.4%) $812,465 (-3.3%) 1.33 2,049
    2024-07-01 $586,725 (-2.2%) $806,996 (-6.1%) 1.34 2,316
    2024-08-01 $576,900 (-2.5%) $793,874 (-5.5%) 1.34 2,292
    2024-09-01 $592,450 (2.2%) $802,608 (-2.9%) 1.39 2,407
    2024-10-01 $587,450 (3.2%) $801,577 (-1.5%) 1.38 2,381
    2024-11-01 $575,000 (0.2%) $788,299 (-5.3%) 1.38 2,331
    2024-12-01 $572,535 (0.5%) $783,510 (-7.0%) 1.42 2,026
    2025-01-01 $566,375 (-1.4%) $767,195 (-8.0%) 1.41 1,934
    2025-02-01 $567,150 (-0.7%) $758,449 (-7.1%) 1.38 2,006
    2025-03-01 $560,000 (-1.8%) $756,847 (-6.0%) 1.32 2,265
    2025-04-01 $562,450 (-4.5%) $765,980 (-8.9%) 1.30 2,479
    Provo's median listing price for 2025-04-01 was $562,450, a difference of $-26,450 (-4.5%) versus the prior year and $2,450 versus the prior month.

    Provo's median listing price comes in at 130% of the national average.

    Provo's average listing price for 2025-04-01 was $765,980, a difference of $-74,849 (-8.9%) versus the prior year and $9,133 versus the prior month.

    For the 2025-04-01 period, Provo had 2,479 MLS listings, a difference of 214 listings (9%) versus the prior month and 922 listings (59%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Provo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 49 days 3,388 sqft
    2018-02-01 48 days 3,444 sqft
    2018-03-01 26 days 3,469 sqft
    2018-04-01 32 days 3,486 sqft
    2018-05-01 31 days 3,463 sqft
    2018-06-01 32 days 3,427 sqft
    2018-07-01 31 days 3,431 sqft
    2018-08-01 32 days 3,401 sqft
    2018-09-01 43 days 3,346 sqft
    2018-10-01 41 days 3,324 sqft
    2018-11-01 41 days 3,288 sqft
    2018-12-01 54 days 3,260 sqft
    2019-01-01 57 days 3,251 sqft
    2019-02-01 51 days 3,263 sqft
    2019-03-01 47 days 3,308 sqft
    2019-04-01 44 days 3,335 sqft
    2019-05-01 41 days 3,265 sqft
    2019-06-01 44 days 3,250 sqft
    2019-07-01 45 days 3,268 sqft
    2019-08-01 47 days 3,245 sqft
    2019-09-01 50 days 3,222 sqft
    2019-10-01 52 days 3,183 sqft
    2019-11-01 53 days 3,161 sqft
    2019-12-01 56 days 3,186 sqft
    2020-01-01 60 days 3,244 sqft
    2020-02-01 54 days 3,370 sqft
    2020-03-01 45 days 3,303 sqft
    2020-04-01 39 days 3,184 sqft
    2020-05-01 44 days 3,224 sqft
    2020-06-01 46 days 3,279 sqft
    2020-07-01 47 days 3,352 sqft
    2020-08-01 39 days 3,364 sqft
    2020-09-01 30 days 3,386 sqft
    2020-10-01 37 days 3,301 sqft
    2020-11-01 41 days 3,470 sqft
    2020-12-01 44 days 3,556 sqft
    2021-01-01 42 days 3,454 sqft
    2021-02-01 18 days 3,207 sqft
    2021-03-01 7 days 2,965 sqft
    2021-04-01 9 days 3,089 sqft
    2021-05-01 11 days 2,943 sqft
    2021-06-01 15 days 2,961 sqft
    2021-07-01 17 days 2,883 sqft
    2021-08-01 18 days 2,955 sqft
    2021-09-01 22 days 2,846 sqft
    2021-10-01 24 days 2,702 sqft
    2021-11-01 24 days 2,815 sqft
    2021-12-01 41 days 2,912 sqft
    2022-01-01 47 days 3,008 sqft
    2022-02-01 29 days 2,960 sqft
    2022-03-01 25 days 2,847 sqft
    2022-04-01 23 days 2,898 sqft
    2022-05-01 20 days 2,858 sqft
    2022-06-01 29 days 2,897 sqft
    2022-07-01 38 days 2,799 sqft
    2022-08-01 46 days 2,751 sqft
    2022-09-01 51 days 2,693 sqft
    2022-10-01 58 days 2,714 sqft
    2022-11-01 71 days 2,731 sqft
    2022-12-01 86 days 2,773 sqft
    2023-01-01 89 days 2,844 sqft
    2023-02-01 86 days 2,824 sqft
    2023-03-01 58 days 2,935 sqft
    2023-04-01 55 days 3,019 sqft
    2023-05-01 45 days 3,103 sqft
    2023-06-01 41 days 3,028 sqft
    2023-07-01 47 days 3,100 sqft
    2023-08-01 45 days 2,994 sqft
    2023-09-01 46 days 2,964 sqft
    2023-10-01 57 days 2,864 sqft
    2023-11-01 59 days 2,913 sqft
    2023-12-01 67 days 2,854 sqft
    2024-01-01 66 days 2,821 sqft
    2024-02-01 52 days 2,835 sqft
    2024-03-01 49 days 2,812 sqft
    2024-04-01 40 days 2,917 sqft
    2024-05-01 36 days 2,935 sqft
    2024-06-01 44 days 2,863 sqft
    2024-07-01 51 days 2,868 sqft
    2024-08-01 57 days 2,863 sqft
    2024-09-01 60 days 2,926 sqft
    2024-10-01 62 days 2,906 sqft
    2024-11-01 70 days 2,860 sqft
    2024-12-01 76 days 2,864 sqft
    2025-01-01 77 days 2,848 sqft
    2025-02-01 56 days 2,825 sqft
    2025-03-01 46 days 2,790 sqft
    2025-04-01 50 days 2,749 sqft
    Provo's median listing age (time on market) for 2025-04-01 was 50 days. This is 25% longer than the same period one year ago.

    Provo's median square footage for active listings during the 2025-04-01 period was 2,749 sqft. One year prior, the average listing was 2,917 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.