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.