Cedar City Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Cedar City averaged 6.8% for the week of 2023-09-14, compared to the national average of 7.18% for the same period.

The average rate for the prior week (2023-09-07) was 6.64% and one month ago for the week of 2023-08-10, the average rate was 6.48%.

Cedar City's average rate one year ago was 5.61%.

For refis of the same type during the week of 2023-09-14, the average rate was 6.65%.

Loan Type Date Rate
US 30 Year Fixed Rate 2023-09-14 7.18%
Cedar City 30 Year Fixed Rate 2023-09-14 6.8%
Cedar City 30 Year Fixed Rate Refi 2023-09-14 6.65%
Cedar City 15 Year Fixed Rate 2023-09-14 6.63%
Cedar City 15 Year Fixed Rate Refi 2023-09-14 6.41%
Cedar City 30 Year FHA 2023-09-14 6.45%
Cedar City 30 Year FHA Refi 2023-09-14 7.19%
Cedar City 30 Year USDA 2023-09-14 6.78%
Cedar City 30 Year USDA Refi 2023-09-14 6.98%
Cedar City 30 Year VA 2023-09-14 6.32%
Cedar City 30 Year VA Refi 2023-09-14 7.01%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Cedar City, UT.

Cedar City Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Cedar City, UT market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
State Bank of Southern Utah 112 4.91% $5,094
UNITED WHOLESALE MORTGAGE, LLC 81 5.25% $6,387
CARDINAL FINANCIAL 81 4.60% $6,819
ACADEMY MORTGAGE CORPORATION 75 4.70% $6,875
SUN AMERICAN MORTGAGE COMPANY 68 4.74% $6,321
QUICKEN LOANS, LLC 48 4.75% $7,278
BROKER SOLUTIONS, INC. 46 5.11% $5,305
INTERCAP LENDING INC. 37 4.56% $6,042
FIRST COLONY MORTGAGE CORPORATION 34 4.72% $7,976
MOUNTAIN AMERICA 34 5.10% $5,842
GUILD MORTGAGE COMPANY 33 5.57% $10,654
HOME POINT FINANCIAL CORPORATION 24 4.40% $6,838
DHI MORTGAGE COMPANY, LTD. 24 4.85% $3,784
Wells Fargo Bank 19 4.07% $4,427
Zions Bank 16 4.27% $3,423
SECURITYNATIONAL MORTGAGE COMPANY 14 5.27% $9,176
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 13 4.82% $4,881
Flagstar Bank, FSB 12 5.12% $6,026
LOANDEPOT.COM, LLC 11 5.02% $5,184
CANOPY MORTGAGE, LLC 10 4.26% $5,602
CMG MORTGAGE, INC. 8 3.64% $5,383
PRIMARY RESIDENTIAL MORTGAGE, INC. 8 4.91% $7,714
PENNYMAC LOAN SERVICES, LLC 8 4.06% $7,207
MY MOVE MORTGAGE, LLC 7 4.68% $5,276
AMERISAVE MORTGAGE CORPORATION 7 4.16% $8,733
BELEM SERVICING LLC 7 4.18% $5,787
U.S. Bank 7 4.93% $3,535
BAY EQUITY LLC 6 4.38% $7,956
VERITAS FUNDING, LLC 6 4.89% $7,061
Mr. Cooper ( Nationstar Mortgage ) 6 3.79% $9,129
AMERICAN FINANCING CORPORATION 5 4.63% $5,332
CHERRY CREEK MORTGAGE, LLC 5 5.33% $702
PROVIDENT FUNDING ASSOCIATES, L.P. 5 3.90% $4,294
PHH Mortgage Corporation 4 3.91% $6,057
Sierra Pacific Mortgage Company, Inc. 4 5.69% $4,649
EVERETT FINANCIAL, INC. 4 5.09% $2,285
CALIBER HOME LOANS, INC. 4 4.25% $4,577
CITYWIDE HOME LOANS, LLC 3 4.46% $4,121
Bank of Utah 3 4.13% $10,289
CASTLE & COOKE MORTGAGE, LLC 3 4.96% $6,872
Century Mortgage Company DBA Century Lending Company 3 5.58% $4,310
FirstBank 3 4.08% $2,774
GUARANTEED RATE, INC. 3 5.10% $4,317
JPMorgan Chase Bank 3 5.33% $5,894
LAKEVIEW LOAN SERVICING, LLC 3 4.00% $3,031
SECURITY HOME MORTGAGE, LLC. 3 5.79% $12,953
The Huntington National Bank 3 5.17% $5,682
Morgan Stanley Private Bank 2 3.18% $3,584
AMERICA FIRST 2 6.00% $10,248
HOMEXPRESS MORTGAGE CORP. 2 7.81% $13,109
M&T Bank 2 3.50% $5,007
University First Federal Credit Union 2 4.50% $3,768
LOANPAL, LLC 2 4.49% $7,762
UTAH COMMUNITY 2 4.19% $4,127
Cache Valley Bank 2 4.75% $3,711
FREEDOM MORTGAGE CORPORATION 2 5.94% $6,174
NBH Bank 2 5.40% $5,743
Hometown Lenders, Inc. 2 4.56% $12,814
BETTER MORTGAGE CORPORATION 2 3.88% $7,394
CHARTWAY FEDERAL CREDIT UNION 2 3.75% $4,030
FINANCE OF AMERICA MORTGAGE LLC 1 5.99% $9,771
DIRECT MORTGAGE, CORP. 1 4.25% $4,329
NAVY FEDERAL CREDIT UNION 1 5.00% $14,160
Neighborhood Loans, Inc. 1 5.75% $11,711
Network Funding, L.P. 1 6.50% $5,945
NFM, INC. 1 4.63% $2,921
Northpointe Bank 1 8.25% $6,071
NOVA FINANCIAL & INVESTMENT CORPORATION 1 5.49% $3,056
ONE NEVADA CREDIT UNION 1 6.13% $5,116
DEEPHAVEN MORTGAGE LLC 1 4.13% $10,166
PENTAGON FEDERAL CREDIT UNION 1 4.88% $2,696
Citadel Servicing Corporation 1 5.38% $7,747
PINNACLE LENDING GROUP, INC. 1 5.49% $5,892
Plains Commerce Bank 1 6.25% $5,480
PNC Bank 1 4.75% $4,318
CHURCHILL MORTGAGE CORPORATION 1 3.50% $3,964
PRIMELENDING, A PLAINSCAPITAL COMPANY 1 4.99% $7,913
Chicago Mortgage Solutions LLC 1 4.60% $6,654
RANLIFE, INC. 1 5.75% $19,488
Renasant Bank 1 3.99% $8,299
S1L, Inc. 1 4.25% $8,895
AMERICAN INTERNET MORTGAGE, INC. 1 5.00% $3,027
SECURITY SERVICE 1 2.50% $11,171
BNC National Bank 1 4.13% $3,348
Simmons Bank 1 2.88% $8,156
Bank of the West 1 4.75% $5,869
SWBC MORTGAGE CORPORATION 1 6.00% $9,066
UBS Bank USA 1 2.75% $3,905
Bank of America 1 4.50% $4,267
Axos Bank 1 5.00% $3,573
Utah Mortgage Loan Corporation 1 5.38% $8,256
Glacier Bank 1 3.75% $4,625
GOLDENWEST 1 5.13% $5,063
Goldwater Bank, N.A. 1 3.63% $5,128
Utah Power 1 4.13% $5,494
Gateway First Bank 1 3.25% $1,324
GENEVA FINANCIAL, LLC 1 5.88% $4,065
VAN DYK MORTGAGE CORPORATION 1 5.50% $3,178
KeyBank 1 3.88% $15,241
Arvest Bank 1 6.00% $16,497
LENOX FINANCIAL MORTGAGE CORPORATION 1 6.38% $7,283
First Guaranty Mortgage Corporation 1 4.63% $7,675
MANN FINANCIAL INC. 1 2.88% $16,695
MASON MCDUFFIE MORTGAGE CORPORATION 1 4.13% $15,478
MORIA DEVELOPMENT, INC. 1 5.75% $5,935
Mortgage Research Center, LLC 1 2.99% $11,131
Firefighters First Federal Credit Union 1 5.63% $2,006
MOUNTAIN WEST FINANCIAL, INC. 1 5.50% $3,933
MOVEMENT MORTGAGE, LLC 1 6.56% $3,562

Cedar City Average Closing Costs & Other Stats

Cedar City, UT's 109 lenders originated 2,543 loans during 2022. The total origination value was $672,495,000, with an average loan value of $264,449.

Cedar City's average closing costs are $5,305.

The top Cedar City lender as defined by loan originations is State Bank of Southern Utah, with 112 loans originated. Their average total fees are $5,094, which is $1,294 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Cedar City lenders (with over 10 loans originated) are Zions Bank ($3,423), DHI MORTGAGE COMPANY, LTD. ($3,784), Wells Fargo Bank ($4,427), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($4,881) and State Bank of Southern Utah ($5,094).

The lowest rate Cedar City lenders (with over 10 loans originated) are Wells Fargo Bank (4.07%), CANOPY MORTGAGE, LLC (4.26%), Zions Bank (4.27%), HOME POINT FINANCIAL CORPORATION (4.40%) and INTERCAP LENDING INC. (4.56%).

Cedar City, UT Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2021 Loan Value 2022 Loan Value % Change 2022 Market Share
State Bank of Southern Utah $89,090,000 $101,270,000 13.7% 15.1%
MOUNTAIN AMERICA $62,035,000 $64,310,000 3.7% 9.6%
UNITED WHOLESALE MORTGAGE, LLC $61,990,000 $47,500,000 -23.4% 7.1%
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $85,625,000 $42,345,000 -50.5% 6.3%
ACADEMY MORTGAGE CORPORATION $51,180,000 $34,250,000 -33.1% 5.1%
SUN AMERICAN MORTGAGE COMPANY $28,765,000 $26,890,000 -6.5% 4.0%
INTERCAP LENDING INC. $57,395,000 $26,050,000 -54.6% 3.9%
QUICKEN LOANS, LLC $52,100,000 $23,375,000 -55.1% 3.5%
BROKER SOLUTIONS, INC. $35,570,000 $21,945,000 -38.3% 3.3%
GUILD MORTGAGE COMPANY $11,285,000 $20,850,000 84.8% 3.1%
Zions Bancorporation, N.A. $18,975,000 $19,195,000 1.2% 2.9%
FIRST COLONY MORTGAGE CORPORATION $20,250,000 $14,445,000 -28.7% 2.1%
HOME POINT FINANCIAL CORPORATION $16,230,000 $11,945,000 -26.4% 1.8%
DHI MORTGAGE COMPANY, LTD. $265,000 $11,545,000 4,256.6% 1.7%
AMERICA FIRST $10,190,000 $9,860,000 -3.2% 1.5%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $11,610,000 $8,135,000 -29.9% 1.2%
LOANDEPOT.COM, LLC $11,955,000 $7,385,000 -38.2% 1.1%
Wells Fargo Bank $11,585,000 $7,310,000 -36.9% 1.1%
Flagstar Bank, FSB $3,705,000 $7,115,000 92.0% 1.1%
PENNYMAC LOAN SERVICES, LLC $19,610,000 $6,610,000 -66.3% 1.0%
SECURITYNATIONAL MORTGAGE COMPANY $5,340,000 $6,455,000 20.9% 1.0%
LONGBRIDGE FINANCIAL, LLC $6,010,000 $6,360,000 5.8% 0.9%
Mortgage Research Center, LLC $6,130,000 $5,790,000 -5.5% 0.9%
AMERISAVE MORTGAGE CORPORATION $7,130,000 $4,960,000 -30.4% 0.7%
FREEDOM MORTGAGE CORPORATION $14,660,000 $4,765,000 -67.5% 0.7%
CMG MORTGAGE, INC. $5,490,000 $4,215,000 -23.2% 0.6%
CANOPY MORTGAGE, LLC $5,545,000 $3,860,000 -30.4% 0.6%
U.S. Bank $3,050,000 $3,770,000 23.6% 0.6%
CHERRY CREEK MORTGAGE, LLC $4,415,000 $3,755,000 -14.9% 0.6%
CHARTWAY FEDERAL CREDIT UNION $2,090,000 $3,655,000 74.9% 0.5%
BAY EQUITY LLC $7,830,000 $3,400,000 -56.6% 0.5%
BELEM SERVICING LLC $5,315,000 $3,395,000 -36.1% 0.5%
CALIBER HOME LOANS, INC. $8,285,000 $3,280,000 -60.4% 0.5%
Mr. Cooper ( Nationstar Mortgage ) $7,530,000 $3,250,000 -56.8% 0.5%
NAVY FEDERAL CREDIT UNION $2,830,000 $2,765,000 -2.3% 0.4%
CITYWIDE HOME LOANS, LLC $1,470,000 $2,745,000 86.7% 0.4%
MY MOVE MORTGAGE, LLC $505,000 $2,455,000 386.1% 0.4%
Bank of America $1,555,000 $2,340,000 50.5% 0.3%
VERITAS FUNDING, LLC $3,145,000 $2,320,000 -26.2% 0.3%
LENDSURE MORTGAGE CORP. $2,290,000 n/a 0.3%
PHH Mortgage Corporation $600,000 $2,285,000 280.8% 0.3%
PRIMARY RESIDENTIAL MORTGAGE, INC. $5,495,000 $2,100,000 -61.8% 0.3%
AMERICAN FINANCING CORPORATION $2,495,000 $1,985,000 -20.4% 0.3%
USAA Federal Savings Bank $1,365,000 $1,925,000 41.0% 0.3%
CYPRUS Federal Credit Union $2,885,000 $1,890,000 -34.5% 0.3%
EVERETT FINANCIAL, INC. $1,865,000 n/a 0.3%
SECURITY SERVICE $880,000 $1,855,000 110.8% 0.3%
PROVIDENT FUNDING ASSOCIATES, L.P. $4,920,000 $1,795,000 -63.5% 0.3%
AMERICAN ADVISORS GROUP $2,190,000 $1,785,000 -18.5% 0.3%
Bank of Utah $1,975,000 $1,780,000 -9.9% 0.3%
NEWREZ LLC $3,625,000 $1,760,000 -51.4% 0.3%
VILLAGE CAPITAL MORTGAGE $6,740,000 $1,715,000 -74.6% 0.3%
GOLDENWEST $3,390,000 $1,670,000 -50.7% 0.2%
Cache Valley Bank $3,420,000 $1,555,000 -54.5% 0.2%
Century Mortgage Company DBA Century Lending Company $875,000 $1,500,000 71.4% 0.2%
The Huntington National Bank $1,465,000 n/a 0.2%
Sierra Pacific Mortgage Company, Inc. $500,000 $1,390,000 178.0% 0.2%
LOANPAL, LLC $2,305,000 $1,375,000 -40.3% 0.2%
BETTER MORTGAGE CORPORATION $5,840,000 $1,370,000 -76.5% 0.2%
AMWEST FUNDING CORP. $2,395,000 $1,355,000 -43.4% 0.2%
MOVEMENT MORTGAGE, LLC $615,000 $1,300,000 111.4% 0.2%
Hometown Lenders, Inc. $1,140,000 $1,245,000 9.2% 0.2%
FirstBank $1,100,000 $1,220,000 10.9% 0.2%
JPMorgan Chase Bank $2,965,000 $1,195,000 -59.7% 0.2%
SECURITY HOME MORTGAGE, LLC. $1,760,000 $1,170,000 -33.5% 0.2%
Morgan Stanley Private Bank $1,080,000 n/a 0.2%
KeyBank $1,600,000 $1,055,000 -34.1% 0.2%
GUARANTEED RATE, INC. $1,465,000 $1,040,000 -29.0% 0.2%
BNC National Bank $590,000 $950,000 61.0% 0.1%
MUTUAL OF OMAHA MORTGAGE, INC. $645,000 $920,000 42.6% 0.1%
Utah Power $1,380,000 $915,000 -33.7% 0.1%
LAKEVIEW LOAN SERVICING, LLC $2,125,000 $875,000 -58.8% 0.1%
RANLIFE, INC. $3,900,000 $830,000 -78.7% 0.1%
S1L, Inc. $1,225,000 $825,000 -32.7% 0.1%
University First Federal Credit Union $315,000 $795,000 152.4% 0.1%
CASTLE & COOKE MORTGAGE, LLC $1,415,000 $775,000 -45.2% 0.1%
DIRECT MORTGAGE, CORP. $1,595,000 $770,000 -51.7% 0.1%
HOMEXPRESS MORTGAGE CORP. $770,000 n/a 0.1%
Glacier Bank $2,385,000 $760,000 -68.1% 0.1%
UBS Bank USA $735,000 n/a 0.1%
VAN DYK MORTGAGE CORPORATION $315,000 $715,000 127.0% 0.1%
Plains Commerce Bank $780,000 $675,000 -13.5% 0.1%
MORIA DEVELOPMENT, INC. $730,000 $665,000 -8.9% 0.1%
Low VA Rates, LLC $980,000 $655,000 -33.2% 0.1%
Arvest Bank $175,000 $645,000 268.6% 0.1%
Gateway First Bank $430,000 $645,000 50.0% 0.1%
Goldwater Bank, N.A. $645,000 n/a 0.1%
Renasant Bank $645,000 n/a 0.1%
KELLER MORTGAGE, LLC $235,000 $635,000 170.2% 0.1%
UTAH COMMUNITY $2,070,000 $615,000 -70.3% 0.1%
ALAMEDA MORTGAGE CORPORATION $605,000 n/a 0.1%
Bank of the West $550,000 n/a 0.1%
NBH Bank $950,000 $550,000 -42.1% 0.1%
First Guaranty Mortgage Corporation $1,055,000 $520,000 -50.7% 0.1%
PENTAGON FEDERAL CREDIT UNION $1,030,000 $500,000 -51.5% 0.1%
Chicago Mortgage Solutions LLC $1,015,000 $490,000 -51.7% 0.1%
CITY FIRST MORTGAGE SERVICES, L.L.C. $785,000 $475,000 -39.5% 0.1%
Network Funding, L.P. $1,000,000 $470,000 -53.0% 0.1%
MOUNTAIN WEST FINANCIAL, INC. $695,000 $465,000 -33.1% 0.1%
Axos Bank $455,000 n/a 0.1%
First National Bank Texas $455,000 n/a 0.1%
MID AMERICA MORTGAGE, INC. $680,000 $440,000 -35.3% 0.1%
Deseret First Credit Union $380,000 $435,000 14.5% 0.1%
MANN FINANCIAL INC. $375,000 $435,000 16.0% 0.1%
21ST MORTGAGE CORPORATION $480,000 $420,000 -12.5% 0.1%
ATHAS CAPITAL GROUP, INC. $420,000 n/a 0.1%
Northpointe Bank $680,000 $420,000 -38.2% 0.1%
GENEVA FINANCIAL, LLC $1,265,000 $415,000 -67.2% 0.1%
North American Savings Bank, F.S.B. $125,000 $415,000 232.0% 0.1%
Simmons Bank $415,000 n/a 0.1%
LOS ANGELES POLICE Federal Credit Union $395,000 n/a 0.1%
UTAH FIRST $255,000 $390,000 52.9% 0.1%
Great Southern Bank $385,000 n/a 0.1%
M&T Bank $235,000 $380,000 61.7% 0.1%
PNC Bank $1,310,000 $380,000 -71.0% 0.1%
Carrington Mortgage Services, LLC $720,000 $370,000 -48.6% 0.1%
MASON MCDUFFIE MORTGAGE CORPORATION $365,000 n/a 0.1%
CROSSCOUNTRY MORTGAGE, LLC $4,200,000 $360,000 -91.4% 0.1%
FINANCE OF AMERICA MORTGAGE LLC $3,880,000 $355,000 -90.9% 0.1%
The Federal Savings Bank $4,030,000 $355,000 -91.2% 0.1%
Citadel Servicing Corporation $345,000 n/a 0.1%
FINANCE OF AMERICA REVERSE LLC $860,000 $335,000 -61.0% 0.0%
Discover Bank $35,000 $330,000 842.9% 0.0%
Neighborhood Loans, Inc. $315,000 n/a 0.0%
Citizens Bank $840,000 $305,000 -63.7% 0.0%
GUARANTY HOME MORTGAGE CORPORATION $1,145,000 $305,000 -73.4% 0.0%
HomeStreet Bank $295,000 n/a 0.0%
SPRING EQ, LLC $295,000 n/a 0.0%
Strong Home Mortgage, LLC $265,000 $295,000 11.3% 0.0%
Blue Ridge Bank $1,865,000 $290,000 -84.5% 0.0%
NOVA FINANCIAL & INVESTMENT CORPORATION $880,000 $285,000 -67.6% 0.0%
The Bank of Commerce $285,000 n/a 0.0%
DEEPHAVEN MORTGAGE LLC $275,000 n/a 0.0%
OCMBC, INC. $275,000 n/a 0.0%
SWBC MORTGAGE CORPORATION $280,000 $275,000 -1.8% 0.0%
UNITED $275,000 n/a 0.0%
HighTechLending Inc $230,000 $265,000 15.2% 0.0%
Firefighters First Federal Credit Union $250,000 n/a 0.0%
ONE NEVADA CREDIT UNION $580,000 $235,000 -59.5% 0.0%
Paramount Residential Mortgage Group, Inc. $305,000 $235,000 -23.0% 0.0%
Texana Bank $265,000 $235,000 -11.3% 0.0%
AXIA FINANCIAL, LLC $645,000 $225,000 -65.1% 0.0%
NFM, INC. $225,000 n/a 0.0%
CHURCHILL MORTGAGE CORPORATION $165,000 $215,000 30.3% 0.0%
PRIMELENDING, A PLAINSCAPITAL COMPANY $770,000 $215,000 -72.1% 0.0%
LENDINGONE, LLC $205,000 n/a 0.0%
LENOX FINANCIAL MORTGAGE CORPORATION $335,000 $195,000 -41.8% 0.0%
PINNACLE LENDING GROUP, INC. $195,000 n/a 0.0%
A&D Mortgage LLC $185,000 n/a 0.0%
Utah Mortgage Loan Corporation $595,000 $185,000 -68.9% 0.0%
AMERICAN INTERNET MORTGAGE, INC. $1,195,000 $155,000 -87.0% 0.0%
BM Real Estate Services, Inc. $155,000 n/a 0.0%
Nations Lending Corporation $455,000 $125,000 -72.5% 0.0%
Southwest Airlines Federal Credit Union $125,000 n/a 0.0%
UNIVERSITY CREDIT UNION $95,000 n/a 0.0%
AMERICAN FINANCIAL RESOURCES, INC. $745,000 $85,000 -88.6% 0.0%
Gate City Bank $215,000 $85,000 -60.5% 0.0%
Jordan Federal Credit Union $75,000 n/a 0.0%
Service Federal Credit Union $75,000 n/a 0.0%
ALL IN $55,000 n/a 0.0%
QUORUM FEDERAL CREDIT UNION $55,000 n/a 0.0%

Cedar City's top lender by overall market share is State Bank of Southern Utah, with 15.1% market share. In second place, with 9.6%, is MOUNTAIN AMERICA, having originated $64,310,000 in loans. In third place, with 7.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $47,500,000 in loans. In fourth place, with 6.3%, is CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP, having originated $42,345,000 in loans. In fifth place, with 5.1%, is ACADEMY MORTGAGE CORPORATION, having originated $34,250,000 in loans.

Cedar City, UT Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,220 $413,990,000 $339,336
Cash Out Refi 392 $106,140,000 $270,765
Refi 347 $86,495,000 $249,265
Home Improvement 327 $31,795,000 $97,232
Other 257 $34,075,000 $132,588

Cedar City's most frequently cited loan purpose was Home Purchase, with 1,220 originations. The 2nd most popular reason was Cash Out Refi, with 392 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
3-4% 638 $171,990,000 $269,577
4-5% 626 $176,140,000 $281,374
5-6% 584 $176,590,000 $302,380
6-7% 316 $73,290,000 $231,930
7-8% 126 $19,750,000 $156,746
2.5-3% 117 $30,485,000 $260,556
<2.5% 78 $18,710,000 $239,872
Over 8% 54 $4,350,000 $80,556

During 2022, Cedar City's most frequently originated rate bucket was 3-4%, with 638 originations.

Loan Sizing (Cedar City, UT MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 1,146 $330,390,000 $288,298
$100,000 or less 522 $27,900,000 $53,448
$100k-200k 443 $66,505,000 $150,124
$400k-600k 338 $157,450,000 $465,828
$600k-1000k 83 $56,825,000 $684,639
$Over $1MM 11 $33,425,000 $3,038,636

Cedar City's loan sizing saw the bucket of loans from $200k-400k with 1,146 originations, totaling $330,390,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
60-80% 664 $244,100,000 $367,620
80-100% 641 $231,665,000 $361,412
Under 20% 477 $27,895,000 $58,480
40-60% 391 $102,955,000 $263,312
20-40% 337 $52,895,000 $156,958
Over 100% 26 $10,910,000 $419,615

Cedar City's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 664 originations, totaling $244,100,000 in origination value.