Salt Lake City VA Loan Rates, Closing Costs & Stats
SALT LAKE CITY, 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.
Salt Lake City's 106 lenders originated 1,040 VA
loans during 2024. The total origination value was $547,310,000, with an average VA loan value of
$526,260.
Salt Lake City VA Loans, 30 Year Fixed Rates
30 Year VA mortgages in Salt Lake City
averaged
0.37%
for the week of 2025-06-20, compared to the national average (all VA variants) of
0% for the same period.
Salt Lake City's average VA mortgage closing costs are $7,746.
The average rate for the prior week (2025-06-13) was
6.81% and
one month ago for the week of 2025-05-16, the
average rate was 6.77%.
The average rate one year ago was 6.67%.
For refis of the same type during the week of 2025-06-20, the average rate
was 0.07%.
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.
Salt Lake 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 Salt Lake City level.
Name |
# of Loans |
2024 Avg. 30yFix Rate |
2024 Avg. Closing Costs |
UNITED WHOLESALE MORTGAGE, LLC
|
230
|
5.92%
|
$8,131
|
Mortgage Research Center, LLC
|
73
|
6.22%
|
$6,337
|
QUICKEN LOANS, LLC
|
60
|
6.00%
|
$12,530
|
INTERCAP LENDING INC.
|
59
|
6.11%
|
$9,114
|
FREEDOM MORTGAGE CORPORATION
|
55
|
6.08%
|
$14,779
|
Century Mortgage Company DBA Century Lending Company
|
31
|
5.99%
|
$8,441
|
The Federal Savings Bank
|
27
|
6.00%
|
$22,431
|
NEWREZ LLC
|
25
|
6.21%
|
$11,197
|
GUILD MORTGAGE COMPANY
|
22
|
6.02%
|
$16,562
|
FIRST COLONY MORTGAGE CORPORATION
|
21
|
5.95%
|
$8,120
|
DHI MORTGAGE COMPANY, LTD.
|
20
|
5.13%
|
$5,657
|
VILLAGE CAPITAL MORTGAGE
|
19
|
5.76%
|
$9,791
|
MY MOVE MORTGAGE, LLC
|
18
|
5.99%
|
$16,721
|
CROSSCOUNTRY MORTGAGE, LLC
|
16
|
6.46%
|
$6,664
|
LAKEVIEW LOAN SERVICING, LLC
|
16
|
5.59%
|
$5,875
|
PENNYMAC LOAN SERVICES, LLC
|
14
|
5.81%
|
$9,737
|
LOANDEPOT.COM, LLC
|
13
|
5.84%
|
$16,852
|
PLANET HOME LENDING, LLC
|
13
|
4.83%
|
$7,478
|
RANLIFE, INC.
|
13
|
6.21%
|
$18,011
|
NAVY FEDERAL CREDIT UNION
|
13
|
5.88%
|
$5,517
|
SECURITYNATIONAL MORTGAGE COMPANY
|
11
|
6.03%
|
$13,729
|
Paramount Residential Mortgage Group, Inc.
|
11
|
6.23%
|
$13,805
|
GUARANTEED RATE, INC.
|
10
|
5.89%
|
$11,879
|
Plains Commerce Bank
|
9
|
6.08%
|
$13,986
|
USAA Federal Savings Bank
|
9
|
6.00%
|
$9,054
|
DIRECT MORTGAGE, CORP.
|
9
|
6.33%
|
$12,941
|
HOMEAMERICAN MORTGAGE CORPORATION
|
9
|
5.35%
|
$863
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
8
|
6.22%
|
$6,844
|
The Loan Store, Inc.
|
8
|
5.89%
|
$11,254
|
CMG MORTGAGE, INC.
|
7
|
6.02%
|
$11,704
|
BROKER SOLUTIONS, INC.
|
6
|
6.02%
|
$8,549
|
Northpointe Bank
|
5
|
5.45%
|
$12,121
|
AMERICAN FINANCIAL NETWORK, INC.
|
5
|
6.25%
|
$5,014
|
MOUNTAIN AMERICA
|
5
|
5.33%
|
$11,552
|
GUARANTEED RATE AFFINITY, LLC
|
4
|
6.21%
|
$4,425
|
NBKC BANK
|
4
|
5.75%
|
$2,599
|
CLM MORTGAGE, INC
|
4
|
5.75%
|
$7,578
|
Carrington Mortgage Services, LLC
|
4
|
6.25%
|
$18,098
|
Mr. Cooper ( Nationstar Mortgage )
|
4
|
5.78%
|
$15,949
|
AMERICA FIRST
|
3
|
6.21%
|
$12,108
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
3
|
6.71%
|
$16,182
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
3
|
6.33%
|
$3,708
|
CITYWIDE HOME LOANS, LLC
|
3
|
6.29%
|
$21,997
|
CYPRUS Federal Credit Union
|
3
|
6.54%
|
$18,446
|
GARDNER FINANCIAL SERVICES, LTD.
|
3
|
6.58%
|
$17,250
|
Magnolia Bank
|
3
|
5.92%
|
$23,897
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
3
|
6.25%
|
$36,998
|
PHH Mortgage Corporation
|
3
|
5.42%
|
$7,597
|
PLAZA HOME MORTGAGE, INC.
|
3
|
6.50%
|
$6,000
|
SECURITY HOME MORTGAGE, LLC.
|
3
|
6.25%
|
$10,949
|
CASTLE & COOKE MORTGAGE, LLC
|
2
|
6.75%
|
$8,501
|
SUN WEST MORTGAGE COMPANY, INC.
|
2
|
5.44%
|
$10,069
|
First Federal Bank
|
2
|
5.75%
|
$3,236
|
Texana Bank
|
2
|
6.31%
|
$19,148
|
The Central Trust Bank
|
2
|
5.75%
|
$4,731
|
Presidential Bank, FSB
|
2
|
5.94%
|
$2,431
|
AMERICAN FINANCIAL RESOURCES, INC.
|
2
|
5.69%
|
$9,841
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
2
|
6.25%
|
$4,451
|
BELEM SERVICING LLC
|
2
|
5.88%
|
$11,265
|
Barrington Bank & Trust Company, N.A.
|
2
|
5.75%
|
$9,936
|
American Mortgage & Equity Consultants, Inc.
|
2
|
6.87%
|
$14,149
|
U.S. Bank
|
2
|
6.00%
|
$8,157
|
S1L, Inc.
|
2
|
6.25%
|
$19,495
|
NEST HOME LENDING, LLC
|
2
|
5.12%
|
$8,760
|
NATIONS RELIABLE LENDING, LLC
|
2
|
6.25%
|
$10,800
|
EVERETT FINANCIAL, INC.
|
2
|
6.19%
|
$25,445
|
KeyBank
|
2
|
5.94%
|
$4,105
|
Hometown Equity Mortgage, LLC
|
2
|
5.94%
|
$22,993
|
Pinnacle Bank
|
1
|
6.13%
|
$14,985
|
CANOPY MORTGAGE, LLC
|
1
|
5.38%
|
$29,866
|
Cache Valley Bank
|
1
|
6.13%
|
$22,335
|
Wells Fargo Bank
|
1
|
7.13%
|
$3,139
|
PREMIA MORTGAGE, LLC
|
1
|
5.50%
|
$32,123
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
1
|
5.50%
|
$2,471
|
Home Mortgage Alliance Corp
|
1
|
6.50%
|
$21,454
|
Bank of England
|
1
|
6.75%
|
$19,994
|
Sierra Pacific Mortgage Company, Inc.
|
1
|
5.99%
|
$11,992
|
Stifel Bank and Trust
|
1
|
5.25%
|
$6,216
|
SWBC MORTGAGE CORPORATION
|
1
|
6.50%
|
$10,994
|
AXIA FINANCIAL, LLC
|
1
|
6.50%
|
$8,599
|
Ameris Bank
|
1
|
5.25%
|
$3,085
|
TOP FLITE FINANCIAL, INC.
|
1
|
6.75%
|
$8,828
|
UNION HOME MORTGAGE CORP.
|
1
|
7.13%
|
$13,701
|
AmeriHome Mortgage Company, LLC
|
1
|
6.13%
|
$12,303
|
Utah Mortgage Loan Corporation
|
1
|
6.13%
|
$10,545
|
Ixonia Bank
|
1
|
6.25%
|
$21,931
|
JMAC LENDING, INC.
|
1
|
5.25%
|
$13,261
|
JPMorgan Chase Bank
|
1
|
6.25%
|
$1,150
|
Zions Bank
|
1
|
5.88%
|
$13,626
|
VAN DYK MORTGAGE CORPORATION
|
1
|
6.50%
|
$26,285
|
MASON MCDUFFIE MORTGAGE CORPORATION
|
1
|
6.50%
|
$71,700
|
MORTGAGEONE, INC.
|
1
|
6.13%
|
$4,606
|
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION
|
1
|
7.63%
|
$21,568
|
Franklin Loan Corporation
|
1
|
5.75%
|
$25,351
|
MOVEMENT MORTGAGE, LLC
|
1
|
6.75%
|
$50,239
|
Flagstar Bank, FSB
|
1
|
5.40%
|
$5,796
|
VERITAS FUNDING, LLC
|
1
|
5.50%
|
$9,086
|
NATIONS DIRECT MORTGAGE, LLC
|
1
|
5.75%
|
$8,452
|
Equity Prime Mortgage LLC
|
1
|
6.13%
|
$5,778
|
Network Funding, L.P.
|
1
|
6.13%
|
$13,914
|
EAGLE HOME MORTGAGE, LLC
|
1
|
4.75%
|
$11,937
|
NFM, INC.
|
1
|
5.13%
|
$10,126
|
North American Savings Bank, F.S.B.
|
1
|
6.25%
|
$6,825
|
Chambers Bank
|
1
|
6.63%
|
$29,118
|
ON Q FINANCIAL, INC.
|
1
|
5.49%
|
$25,714
|
CARDINAL FINANCIAL
|
1
|
6.25%
|
$5,041
|
The top Salt Lake City VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
230 VA loans originated. Their average total fees are
$8,131, which is $1,794
higher than the next largest lender,
Mortgage Research Center, LLC.
The lowest fee Salt Lake City VA lenders (with over 10 loans originated) are
NAVY FEDERAL CREDIT UNION ($5,517), DHI MORTGAGE COMPANY, LTD. ($5,657), LAKEVIEW LOAN SERVICING, LLC ($5,875), Mortgage Research Center, LLC ($6,337) and CROSSCOUNTRY MORTGAGE, LLC ($6,664).
The lowest rate Salt Lake City VA lenders (with over 10 loans originated) are
PLANET HOME LENDING, LLC (4.83%), DHI MORTGAGE COMPANY, LTD. (5.13%), LAKEVIEW LOAN SERVICING, LLC (5.59%), VILLAGE CAPITAL MORTGAGE (5.76%) and PENNYMAC LOAN SERVICES, LLC (5.81%).
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.