Heber Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Heber averaged
6.53%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.46% and
one month ago for the week of 2024-10-03, the
average rate was 5.86%.
Heber's average rate one year ago was 7.5%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.07%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Heber 30 Year Fixed Rate | 2024-11-07 | 6.53% |
| Heber 30 Year Fixed Rate Refi | 2024-11-07 | 7.07% |
| Heber 15 Year Fixed Rate | 2024-11-07 | 5.9% |
| Heber 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Heber 30 Year FHA | 2024-11-07 | 6.53% |
| Heber 30 Year FHA Refi | 2024-11-07 | 6.33% |
| Heber 30 Year USDA | 2024-11-07 | 6.58% |
| Heber 30 Year USDA Refi | 2024-11-07 | 6.38% |
| Heber 30 Year VA | 2024-11-07 | 6.34% |
| Heber 30 Year VA Refi | 2024-11-07 | 6.24% |
Heber 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 Heber, 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.).
Heber Average Closing Costs & Other Stats
Heber, UT's 158 lenders originated 2,626
loans during 2023. The total origination value was $2,177,670,000, with an average loan value of
$829,273.
Heber's average closing costs are $6,458.
The top Heber lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
111 loans originated. Their average total fees are
$10,050, which is $6,954
lower than the next largest lender,
SECURITY SERVICE.
The lowest fee Heber lenders (with over 10 loans originated) are
First-Citizens Bank & Trust Company ($4,777), Charles Schwab Bank, SSB ($5,565), Morgan Stanley Private Bank ($6,089), Citibank ($6,275) and UTAH COMMUNITY ($7,326).
The lowest rate Heber lenders (with over 10 loans originated) are
Wells Fargo Bank (5.20%), Citibank (5.34%), EAGLE HOME MORTGAGE, LLC (5.47%), Morgan Stanley Private Bank (5.53%) and First-Citizens Bank & Trust Company (5.53%).
Heber, 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 | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| Zions Bank | $444,950,000 | $198,410,000 | -55.4% | 9.1% |
| U.S. Bank | $212,525,000 | $155,560,000 | -26.8% | 7.1% |
| SECURITY SERVICE | $158,360,000 | $129,465,000 | -18.2% | 5.9% |
| JPMorgan Chase Bank | $238,280,000 | $102,275,000 | -57.1% | 4.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $150,025,000 | $96,720,000 | -35.5% | 4.4% |
| Citibank | $98,090,000 | $92,220,000 | -6.0% | 4.2% |
| Wells Fargo Bank | $214,790,000 | $82,630,000 | -61.5% | 3.8% |
| Morgan Stanley Private Bank | $119,070,000 | $79,015,000 | -33.6% | 3.6% |
| Bank of America | $176,645,000 | $66,810,000 | -62.2% | 3.1% |
| INTERCAP LENDING INC. | $84,145,000 | $60,435,000 | -28.2% | 2.8% |
| MOUNTAIN AMERICA | $135,370,000 | $56,900,000 | -58.0% | 2.6% |
| UBS Bank USA | $102,545,000 | $56,310,000 | -45.1% | 2.6% |
| AMERICA FIRST | $78,130,000 | $46,610,000 | -40.3% | 2.1% |
| CBRE MULTIFAMILY CAPITAL, INC. | $43,765,000 | n/a | 2.0% | |
| QUICKEN LOANS, LLC | $76,365,000 | $40,315,000 | -47.2% | 1.9% |
| Goldman Sachs Bank USA | $32,255,000 | $35,935,000 | 11.4% | 1.7% |
| MY MOVE MORTGAGE, LLC | $13,685,000 | $30,835,000 | 125.3% | 1.4% |
| Washington Federal Bank | $38,060,000 | $28,195,000 | -25.9% | 1.3% |
| UTAH COMMUNITY | $31,005,000 | $25,745,000 | -17.0% | 1.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $21,740,000 | $19,540,000 | -10.1% | 0.9% |
| SECURITYNATIONAL MORTGAGE COMPANY | $32,915,000 | $19,500,000 | -40.8% | 0.9% |
| FIRST COLONY MORTGAGE CORPORATION | $18,760,000 | $19,320,000 | 3.0% | 0.9% |
| Glacier Bank | $40,260,000 | $19,010,000 | -52.8% | 0.9% |
| Charles Schwab Bank, SSB | $58,795,000 | $18,645,000 | -68.3% | 0.9% |
| First-Citizens Bank & Trust Company | $1,005,000 | $17,725,000 | 1,663.7% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $18,160,000 | $15,535,000 | -14.5% | 0.7% |
| BNY Mellon | $19,560,000 | $15,140,000 | -22.6% | 0.7% |
| NBH Bank | $42,885,000 | $15,015,000 | -65.0% | 0.7% |
| BMO Harris Bank | $8,620,000 | $14,415,000 | 67.2% | 0.7% |
| LENDSURE MORTGAGE CORP. | $50,405,000 | $13,970,000 | -72.3% | 0.6% |
| GUILD MORTGAGE COMPANY | $25,220,000 | $13,270,000 | -47.4% | 0.6% |
| Bank of Utah | $6,300,000 | $12,975,000 | 106.0% | 0.6% |
| Citadel Servicing Corporation | $10,315,000 | $12,670,000 | 22.8% | 0.6% |
| MidFirst Bank | $8,400,000 | $12,565,000 | 49.6% | 0.6% |
| Raymond James Bank | $21,825,000 | $11,720,000 | -46.3% | 0.5% |
| KeyBank | $60,255,000 | $11,495,000 | -80.9% | 0.5% |
| PNC Bank | $34,975,000 | $11,055,000 | -68.4% | 0.5% |
| The Northern Trust Company | $23,790,000 | $10,890,000 | -54.2% | 0.5% |
| Stifel Bank and Trust | $15,030,000 | $10,690,000 | -28.9% | 0.5% |
| First Republic Bank | $198,900,000 | $9,650,000 | -95.1% | 0.4% |
| The Huntington National Bank | $14,420,000 | $9,550,000 | -33.8% | 0.4% |
| EAGLE HOME MORTGAGE, LLC | $9,065,000 | n/a | 0.4% | |
| City National Bank | $27,455,000 | $8,750,000 | -68.1% | 0.4% |
| UTAH FIRST | $9,795,000 | $8,310,000 | -15.2% | 0.4% |
| Baxter Credit Union | $2,810,000 | $8,295,000 | 195.2% | 0.4% |
| Citizens Bank | $4,655,000 | $8,220,000 | 76.6% | 0.4% |
| ACADEMY MORTGAGE CORPORATION | $19,055,000 | $8,065,000 | -57.7% | 0.4% |
| KINECTA | $4,005,000 | $7,565,000 | 88.9% | 0.3% |
| Central Bank | $7,225,000 | n/a | 0.3% | |
| SECURITY HOME MORTGAGE, LLC. | $11,850,000 | $7,085,000 | -40.2% | 0.3% |
| Commerce Bank | $7,010,000 | n/a | 0.3% | |
| University First Federal Credit Union | $15,260,000 | $7,005,000 | -54.1% | 0.3% |
| PENNYMAC LOAN SERVICES, LLC | $7,920,000 | $6,965,000 | -12.1% | 0.3% |
| NP, Inc. | $6,795,000 | n/a | 0.3% | |
| PCMA, INC. | $6,750,000 | n/a | 0.3% | |
| American Mortgage & Equity Consultants, Inc. | $6,630,000 | n/a | 0.3% | |
| Truist | $13,235,000 | $6,320,000 | -52.2% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $7,855,000 | $6,265,000 | -20.2% | 0.3% |
| BOKF | $6,225,000 | n/a | 0.3% | |
| DEEPHAVEN MORTGAGE LLC | $6,130,000 | n/a | 0.3% | |
| Cache Valley Bank | $23,385,000 | $5,730,000 | -75.5% | 0.3% |
| Century Mortgage Company DBA Century Lending Company | $2,450,000 | $5,685,000 | 132.0% | 0.3% |
| NEWREZ LLC | $2,750,000 | $5,375,000 | 95.5% | 0.2% |
| Affiliated Bank | $5,295,000 | n/a | 0.2% | |
| CARDINAL FINANCIAL | $27,385,000 | $5,055,000 | -81.5% | 0.2% |
| Flagstar Bank, FSB | $8,910,000 | $5,050,000 | -43.3% | 0.2% |
| UMB Bank | $3,110,000 | $4,925,000 | 58.4% | 0.2% |
| ARC HOME LLC | $4,795,000 | n/a | 0.2% | |
| M C Bank & Trust Company | $4,795,000 | n/a | 0.2% | |
| ADVANCIAL | $3,805,000 | $4,655,000 | 22.3% | 0.2% |
| Quad City Bank and Trust Company | $4,640,000 | n/a | 0.2% | |
| VAN DYK MORTGAGE CORPORATION | $1,995,000 | $4,595,000 | 130.3% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $4,635,000 | $4,575,000 | -1.3% | 0.2% |
| LONGBRIDGE FINANCIAL, LLC | $2,680,000 | $4,555,000 | 70.0% | 0.2% |
| GOLDENWEST | $11,920,000 | $4,505,000 | -62.2% | 0.2% |
| Northpointe Bank | $6,470,000 | $4,375,000 | -32.4% | 0.2% |
| Broadway National Bank | $745,000 | $4,160,000 | 458.4% | 0.2% |
| BROKER SOLUTIONS, INC. | $10,230,000 | $4,015,000 | -60.8% | 0.2% |
| BankPlus | $3,955,000 | n/a | 0.2% | |
| LIMA ONE CAPITAL, LLC | $3,945,000 | n/a | 0.2% | |
| GUARANTEED RATE AFFINITY, LLC | $6,865,000 | $3,925,000 | -42.8% | 0.2% |
| EVERETT FINANCIAL, INC. | $11,775,000 | $3,870,000 | -67.1% | 0.2% |
| RANLIFE, INC. | $2,215,000 | $3,865,000 | 74.5% | 0.2% |
| CYPRUS Federal Credit Union | $12,505,000 | $3,435,000 | -72.5% | 0.2% |
| AMWEST FUNDING CORP. | $4,840,000 | $3,335,000 | -31.1% | 0.2% |
| NEXERA HOLDING LLC | $10,775,000 | $3,305,000 | -69.3% | 0.2% |
| First American Bank | $1,275,000 | $3,260,000 | 155.7% | 0.1% |
| Banterra Bank | $4,060,000 | $3,140,000 | -22.7% | 0.1% |
| Grand Bank | $3,005,000 | n/a | 0.1% | |
| Intrust Bank | $3,005,000 | n/a | 0.1% | |
| FUNDLOANS CAPITAL | $2,980,000 | n/a | 0.1% | |
| Mortgage Research Center, LLC | $2,985,000 | $2,930,000 | -1.8% | 0.1% |
| VERITAS FUNDING, LLC | $7,260,000 | $2,925,000 | -59.7% | 0.1% |
| GUARANTEED RATE, INC. | $15,015,000 | $2,850,000 | -81.0% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $2,535,000 | $2,730,000 | 7.7% | 0.1% |
| Plains Commerce Bank | $1,015,000 | $2,655,000 | 161.6% | 0.1% |
| Bethpage Federal Credit Union | $1,455,000 | $2,625,000 | 80.4% | 0.1% |
| CMG MORTGAGE, INC. | $7,915,000 | $2,565,000 | -67.6% | 0.1% |
| Commerce Home Mortgage, Inc. | $2,610,000 | $2,535,000 | -2.9% | 0.1% |
| NMSI, INC. | $2,470,000 | n/a | 0.1% | |
| LOANDEPOT.COM, LLC | $36,710,000 | $2,340,000 | -93.6% | 0.1% |
| The Federal Savings Bank | $5,315,000 | $2,340,000 | -56.0% | 0.1% |
| Ameris Bank | $2,320,000 | n/a | 0.1% | |
| HSBC BANK USA, NATIONAL ASSOCIATION | $5,775,000 | $2,320,000 | -59.8% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $1,555,000 | $2,230,000 | 43.4% | 0.1% |
| NBKC BANK | $3,300,000 | $2,225,000 | -32.6% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $5,860,000 | $2,190,000 | -62.6% | 0.1% |
| Nations Lending Corporation | $2,170,000 | n/a | 0.1% | |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $9,055,000 | $2,150,000 | -76.3% | 0.1% |
| Washington Trust Bank | $2,090,000 | n/a | 0.1% | |
| United Nations Federal Credit Union | $2,435,000 | $2,070,000 | -15.0% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $215,000 | $2,020,000 | 839.5% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $1,435,000 | $2,005,000 | 39.7% | 0.1% |
| Quontic Bank | $1,545,000 | $2,005,000 | 29.8% | 0.1% |
| FREEDOM MORTGAGE CORPORATION | $4,250,000 | $1,990,000 | -53.2% | 0.1% |
| Pinnacle Bank | $3,280,000 | $1,990,000 | -39.3% | 0.1% |
| Fifth Third Bank | $1,770,000 | $1,960,000 | 10.7% | 0.1% |
| PHH Mortgage Corporation | $4,180,000 | $1,915,000 | -54.2% | 0.1% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $3,670,000 | $1,900,000 | -48.2% | 0.1% |
| Deseret First Credit Union | $2,650,000 | $1,850,000 | -30.2% | 0.1% |
| NATIONS RELIABLE LENDING, LLC | $1,815,000 | n/a | 0.1% | |
| FIRST TECHNOLOGY | $15,260,000 | $1,810,000 | -88.1% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,075,000 | $1,795,000 | 67.0% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $8,160,000 | $1,740,000 | -78.7% | 0.1% |
| HomeTrust Bank | $760,000 | $1,695,000 | 123.0% | 0.1% |
| CANOPY MORTGAGE, LLC | $3,615,000 | $1,645,000 | -54.5% | 0.1% |
| POINT Mortgage | $1,625,000 | n/a | 0.1% | |
| CITYWIDE HOME LOANS, LLC | $5,280,000 | $1,575,000 | -70.2% | 0.1% |
| First Fidelity Bank | $1,565,000 | n/a | 0.1% | |
| USAA Federal Savings Bank | $1,560,000 | n/a | 0.1% | |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,970,000 | $1,555,000 | -21.1% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $1,550,000 | n/a | 0.1% | |
| Academy Bank | $1,070,000 | $1,525,000 | 42.5% | 0.1% |
| DELTA COMMUNITY CREDIT UNION | $260,000 | $1,520,000 | 484.6% | 0.1% |
| LAKE MICHIGAN CREDIT UNION | $1,505,000 | n/a | 0.1% | |
| Red River Bank | $925,000 | $1,505,000 | 62.7% | 0.1% |
| SourceOne Financial, Inc. | $705,000 | $1,495,000 | 112.1% | 0.1% |
| ALLIANT CREDIT UNION | $1,195,000 | $1,480,000 | 23.8% | 0.1% |
| CHARTWAY FEDERAL CREDIT UNION | $105,000 | $1,440,000 | 1,271.4% | 0.1% |
| Renasant Bank | $1,435,000 | n/a | 0.1% | |
| OCMBC, INC. | $1,365,000 | $1,425,000 | 4.4% | 0.1% |
| OAKTREE FUNDING CORP. | $1,805,000 | $1,405,000 | -22.2% | 0.1% |
| DIRECT MORTGAGE, CORP. | $7,015,000 | $1,390,000 | -80.2% | 0.1% |
| Landmark National Bank | $1,365,000 | n/a | 0.1% | |
| UNION HOME MORTGAGE CORP. | $405,000 | $1,355,000 | 234.6% | 0.1% |
| Logan Finance Corporation | $1,330,000 | n/a | 0.1% | |
| SWBC MORTGAGE CORPORATION | $1,330,000 | n/a | 0.1% | |
| PENTAGON FEDERAL CREDIT UNION | $7,325,000 | $1,320,000 | -82.0% | 0.1% |
| M&T Bank | $3,870,000 | $1,300,000 | -66.4% | 0.1% |
| Carrington Mortgage Services, LLC | $1,260,000 | n/a | 0.1% | |
| BETTER MORTGAGE CORPORATION | $4,170,000 | $1,230,000 | -70.5% | 0.1% |
| FirstBank | $2,140,000 | $1,165,000 | -45.6% | 0.1% |
| The Loan Store, Inc. | $1,160,000 | n/a | 0.1% | |
| AXIA FINANCIAL, LLC | $315,000 | $1,140,000 | 261.9% | 0.1% |
| Stock Yards Bank & Trust Company | $1,135,000 | n/a | 0.1% | |
| Deere Employees Credit Union | $1,110,000 | n/a | 0.1% | |
| CALIBER HOME LOANS, INC. | $14,405,000 | $1,085,000 | -92.5% | 0.0% |
| Benchmark Bank | $1,055,000 | n/a | 0.0% | |
| AmeriHome Mortgage Company, LLC | $115,000 | $1,005,000 | 773.9% | 0.0% |
| CIBC Bank USA | $3,755,000 | $1,005,000 | -73.2% | 0.0% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,600,000 | $980,000 | -72.8% | 0.0% |
| Blue Federal Credit Union | $975,000 | n/a | 0.0% | |
| Mr. Cooper ( Nationstar Mortgage ) | $4,780,000 | $975,000 | -79.6% | 0.0% |
| Johnson Bank | $955,000 | n/a | 0.0% | |
| SUN WEST MORTGAGE COMPANY, INC. | $930,000 | $950,000 | 2.2% | 0.0% |
| NexBank | $925,000 | n/a | 0.0% | |
| First State Bank | $915,000 | n/a | 0.0% | |
| STAR ONE CREDIT UNION | $825,000 | $905,000 | 9.7% | 0.0% |
| AMERISAVE MORTGAGE CORPORATION | $12,015,000 | $785,000 | -93.5% | 0.0% |
| American State Bank | $755,000 | n/a | 0.0% | |
| First Financial Bank | $755,000 | n/a | 0.0% | |
| GREENSTATE CREDIT UNION | $725,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $215,000 | $725,000 | 237.2% | 0.0% |
| North American Savings Bank, F.S.B. | $435,000 | $725,000 | 66.7% | 0.0% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $205,000 | $710,000 | 246.3% | 0.0% |
| CASTLE & COOKE MORTGAGE, LLC | $3,110,000 | $705,000 | -77.3% | 0.0% |
| Grand Valley Bank | $3,060,000 | $690,000 | -77.5% | 0.0% |
| IDAHO CENTRAL | $685,000 | n/a | 0.0% | |
| STAR Financial Bank | $675,000 | n/a | 0.0% | |
| First National Bank of America | $645,000 | n/a | 0.0% | |
| Fortis Private Bank | $35,720,000 | $645,000 | -98.2% | 0.0% |
| BAY EQUITY LLC | $905,000 | $635,000 | -29.8% | 0.0% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $635,000 | n/a | 0.0% | |
| BNC National Bank | $625,000 | n/a | 0.0% | |
| The Bank of Commerce | $605,000 | n/a | 0.0% | |
| CHEVRON | $3,480,000 | $595,000 | -82.9% | 0.0% |
| Figure Lending LLC | $555,000 | n/a | 0.0% | |
| AMERICAN UNITED FAMILY OF CREDIT UN | $835,000 | $550,000 | -34.1% | 0.0% |
| GRANITE FEDERAL CREDIT UNION | $2,800,000 | $545,000 | -80.5% | 0.0% |
| Willamette Valley Bank | $545,000 | n/a | 0.0% | |
| Discover Bank | $1,210,000 | $520,000 | -57.0% | 0.0% |
| Axos Bank | $4,170,000 | $505,000 | -87.9% | 0.0% |
| GTE Federal Credit Union | $680,000 | $505,000 | -25.7% | 0.0% |
| Service Federal Credit Union | $505,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $6,615,000 | $495,000 | -92.5% | 0.0% |
| Independent Bank | $475,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $1,705,000 | $455,000 | -73.3% | 0.0% |
| Cornerstone First Mortgage, Inc | $455,000 | n/a | 0.0% | |
| The National Bank of Indianapolis | $455,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $450,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $425,000 | n/a | 0.0% | |
| Wasatch Peaks Federal Credit Union | $265,000 | $425,000 | 60.4% | 0.0% |
| Equity Prime Mortgage LLC | $415,000 | n/a | 0.0% | |
| Mortgage Bank of California | $1,925,000 | $405,000 | -79.0% | 0.0% |
| First Bank | $395,000 | n/a | 0.0% | |
| United States Senate Federal Credit Union | $395,000 | n/a | 0.0% | |
| Watermark Capital, Inc. | $2,875,000 | $375,000 | -87.0% | 0.0% |
| STANFORD Federal Credit Union | $855,000 | $355,000 | -58.5% | 0.0% |
| Firefighters First Federal Credit Union | $345,000 | n/a | 0.0% | |
| DOMINION FINANCIAL SERVICES, LLC | $325,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
| Northwest Farm Credit Services, FLCA | $205,000 | $320,000 | 56.1% | 0.0% |
| Horizon Bank SSB | $305,000 | n/a | 0.0% | |
| Jordan Federal Credit Union | $305,000 | n/a | 0.0% | |
| Sierra Pacific Mortgage Company, Inc. | $8,330,000 | $305,000 | -96.3% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $865,000 | $295,000 | -65.9% | 0.0% |
| Wyndham Capital Mortgage, Inc. | $1,510,000 | $275,000 | -81.8% | 0.0% |
| Utah Mortgage Loan Corporation | $315,000 | $255,000 | -19.0% | 0.0% |
| Coastal Community Bank | $245,000 | n/a | 0.0% | |
| First Savings Bank | $225,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $635,000 | $205,000 | -67.7% | 0.0% |
| WINGS FINANCIAL | $990,000 | $205,000 | -79.3% | 0.0% |
| SPRING EQ, LLC | $2,715,000 | $195,000 | -92.8% | 0.0% |
| NORTHROP GRUMMAN Federal Credit Union | $185,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $1,015,000 | $180,000 | -82.3% | 0.0% |
| DIGITAL Federal Credit Union | $180,000 | n/a | 0.0% | |
| PLAZA HOME MORTGAGE, INC. | $460,000 | $175,000 | -62.0% | 0.0% |
| GEORGIA'S OWN | $1,175,000 | $165,000 | -86.0% | 0.0% |
| TRIAD FINANCIAL SERVICES, INC. | $115,000 | n/a | 0.0% | |
| Bank of the West | $15,830,000 | $105,000 | -99.3% | 0.0% |
| HANSCOM | $105,000 | n/a | 0.0% | |
| Utah Power | $905,000 | $95,000 | -89.5% | 0.0% |
Heber's top lender by overall market share is Zions Bank, with 9.1% market share. In second place, with 7.1%, is U.S. Bank, having originated $155,560,000 in loans. In third place, with 5.9%, is SECURITY SERVICE, having originated $129,465,000 in loans. In fourth place, with 4.7%, is JPMorgan Chase Bank, having originated $102,275,000 in loans. In fifth place, with 4.4%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $96,720,000 in loans.
Heber, UT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 1,379 | $1,519,765,000 | $1,102,078 |
| Home Improvement | 352 | $78,490,000 | $222,983 |
| Other | 347 | $203,495,000 | $586,441 |
| Refi | 290 | $206,550,000 | $712,241 |
| Cash Out Refi | 258 | $169,370,000 | $656,473 |
Heber's most frequently cited loan purpose was Home Purchase, with 1,379 originations. The 2nd most popular reason was Home Improvement, with 352 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 769 | $687,415,000 | $893,908 |
| 7-8% | 611 | $377,415,000 | $617,700 |
| Over 8% | 555 | $236,335,000 | $425,829 |
| 5-6% | 491 | $632,105,000 | $1,287,383 |
| 4-5% | 130 | $166,290,000 | $1,279,154 |
| 3-4% | 22 | $23,460,000 | $1,066,364 |
| 2.5-3% | 8 | $16,090,000 | $2,011,250 |
| <2.5% | 2 | $3,020,000 | $1,510,000 |
During 2023, Heber's most frequently originated rate bucket was 6-7%, with 769 originations.
Loan Sizing (Heber, UT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $Over $1MM | 615 | $1,368,395,000 | $2,225,033 |
| $600k-1000k | 523 | $401,695,000 | $768,059 |
| $200k-400k | 505 | $147,505,000 | $292,089 |
| $400k-600k | 416 | $205,100,000 | $493,029 |
| $100k-200k | 286 | $38,780,000 | $135,594 |
| $100,000 or less | 281 | $16,195,000 | $57,633 |
Heber's loan sizing saw the bucket of loans from $Over $1MM with 615 originations, totaling $1,368,395,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 60-80% | 671 | $870,815,000 | $1,297,787 |
| Under 20% | 660 | $116,550,000 | $176,591 |
| 20-40% | 432 | $240,190,000 | $555,995 |
| 80-100% | 414 | $375,980,000 | $908,164 |
| 40-60% | 397 | $530,235,000 | $1,335,605 |
| Over 100% | 5 | $3,285,000 | $657,000 |
Heber's loan sizing saw loans grouped in the 60-80% Loan-to-value bucket with 671 originations, totaling $870,815,000 in origination value.