PROVO - OREM Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Provo - Orem averaged
6.57%
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
6.5% and
one month ago for the week of 2024-10-03, the
average rate was 5.7%.
Provo - Orem's average rate one year ago was 7.24%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.22%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Provo - Orem 30 Year Fixed Rate | 2024-11-07 | 6.57% |
| Provo - Orem 30 Year Fixed Rate Refi | 2024-11-07 | 7.22% |
| Provo - Orem 15 Year Fixed Rate | 2024-11-07 | 6.23% |
| Provo - Orem 15 Year Fixed Rate Refi | 2024-11-07 | 6.4% |
| Provo - Orem 30 Year FHA | 2024-11-07 | 5.93% |
| Provo - Orem 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Provo - Orem 30 Year USDA | 2024-11-07 | 6.48% |
| Provo - Orem 30 Year USDA Refi | 2024-11-07 | 6.28% |
| Provo - Orem 30 Year VA | 2024-11-07 | 5.89% |
| Provo - Orem 30 Year VA Refi | 2024-11-07 | 6.14% |
PROVO - OREM 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 PROVO-OREM, 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.).
PROVO - OREM Average Closing Costs & Other Stats
PROVO-OREM, UT's 190 lenders originated 17,335
loans during 2023. The total origination value was $6,086,205,000, with an average loan value of
$351,093.
PROVO - OREM's average closing costs are $5,911.
The top PROVO - OREM lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with
1,145 loans originated. Their average total fees are
$8,357, which is $1,388
lower than the next largest lender,
FIRST COLONY MORTGAGE CORPORATION.
The lowest fee PROVO - OREM lenders (with over 10 loans originated) are
HOMEAMERICAN MORTGAGE CORPORATION ($1,600), DHI MORTGAGE COMPANY, LTD. ($2,731), Morgan Stanley Private Bank ($4,543), INSPIRE HOME LOANS INC. ($4,696) and SUN AMERICAN MORTGAGE COMPANY ($4,858).
The lowest rate PROVO - OREM lenders (with over 10 loans originated) are
Citibank (5.05%), EAGLE HOME MORTGAGE, LLC (5.24%), Wells Fargo Bank (5.53%), NEST HOME LENDING, LLC (5.59%) and TBI MORTGAGE COMPANY (5.70%).
PROVO-OREM, 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 |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $1,046,770,000 | $796,180,000 | -23.9% | 13.1% |
| FIRST COLONY MORTGAGE CORPORATION | $782,500,000 | $486,440,000 | -37.8% | 8.0% |
| DHI MORTGAGE COMPANY, LTD. | $355,815,000 | $350,730,000 | -1.4% | 5.8% |
| MOUNTAIN AMERICA | $571,250,000 | $275,825,000 | -51.7% | 4.5% |
| INTERCAP LENDING INC. | $400,870,000 | $253,245,000 | -36.8% | 4.2% |
| UTAH COMMUNITY | $342,440,000 | $238,220,000 | -30.4% | 3.9% |
| AMERICA FIRST | $364,160,000 | $235,475,000 | -35.3% | 3.9% |
| QUICKEN LOANS, LLC | $308,130,000 | $191,965,000 | -37.7% | 3.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $427,475,000 | $172,415,000 | -59.7% | 2.8% |
| ACADEMY MORTGAGE CORPORATION | $143,480,000 | $143,180,000 | -0.2% | 2.4% |
| SECURITY SERVICE | $160,440,000 | $140,660,000 | -12.3% | 2.3% |
| WALKER & DUNLOP, LLC | $121,410,000 | n/a | 2.0% | |
| EAGLE HOME MORTGAGE, LLC | $72,375,000 | $120,960,000 | 67.1% | 2.0% |
| SECURITY HOME MORTGAGE, LLC. | $224,980,000 | $116,475,000 | -48.2% | 1.9% |
| Zions Bank | $335,530,000 | $112,195,000 | -66.6% | 1.8% |
| MY MOVE MORTGAGE, LLC | $134,585,000 | $104,930,000 | -22.0% | 1.7% |
| NORTHMARQ CAPITAL FINANCE, L.L.C. | $78,375,000 | n/a | 1.3% | |
| Central Bank | $67,365,000 | $71,770,000 | 6.5% | 1.2% |
| U.S. Bank | $128,850,000 | $64,465,000 | -50.0% | 1.1% |
| HOMEAMERICAN MORTGAGE CORPORATION | $82,820,000 | $61,380,000 | -25.9% | 1.0% |
| CBRE MULTIFAMILY CAPITAL, INC. | $60,850,000 | n/a | 1.0% | |
| JONES LANG LASALLE MULTIFAMILY, LLC | $6,245,000 | $57,205,000 | 816.0% | 0.9% |
| NEWREZ LLC | $24,245,000 | $50,585,000 | 108.6% | 0.8% |
| Wells Fargo Bank | $158,495,000 | $47,775,000 | -69.9% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $48,285,000 | $44,025,000 | -8.8% | 0.7% |
| Century Mortgage Company DBA Century Lending Company | $10,635,000 | $43,335,000 | 307.5% | 0.7% |
| CANOPY MORTGAGE, LLC | $99,570,000 | $41,935,000 | -57.9% | 0.7% |
| NEST HOME LENDING, LLC | $84,550,000 | $41,900,000 | -50.4% | 0.7% |
| JPMorgan Chase Bank | $57,690,000 | $40,670,000 | -29.5% | 0.7% |
| UMB Bank | $39,950,000 | n/a | 0.7% | |
| VERITAS FUNDING, LLC | $76,900,000 | $39,450,000 | -48.7% | 0.6% |
| GUARANTEED RATE, INC. | $45,595,000 | $38,070,000 | -16.5% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $67,930,000 | $37,910,000 | -44.2% | 0.6% |
| CARDINAL FINANCIAL | $77,020,000 | $36,395,000 | -52.7% | 0.6% |
| AMWEST FUNDING CORP. | $36,335,000 | $33,445,000 | -8.0% | 0.5% |
| Glacier Bank | $92,270,000 | $31,490,000 | -65.9% | 0.5% |
| CITYWIDE HOME LOANS, LLC | $84,700,000 | $29,745,000 | -64.9% | 0.5% |
| Plains Commerce Bank | $37,185,000 | $29,525,000 | -20.6% | 0.5% |
| Citibank | $5,725,000 | $28,710,000 | 401.5% | 0.5% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $53,600,000 | $28,660,000 | -46.5% | 0.5% |
| INSPIRE HOME LOANS INC. | $41,120,000 | $27,995,000 | -31.9% | 0.5% |
| RANLIFE, INC. | $51,785,000 | $26,570,000 | -48.7% | 0.4% |
| DIRECT MORTGAGE, CORP. | $51,740,000 | $26,190,000 | -49.4% | 0.4% |
| Bank of America | $25,095,000 | $25,055,000 | -0.2% | 0.4% |
| CASTLE & COOKE MORTGAGE, LLC | $32,205,000 | $24,985,000 | -22.4% | 0.4% |
| Northpointe Bank | $20,540,000 | $24,680,000 | 20.2% | 0.4% |
| AXIA FINANCIAL, LLC | $32,650,000 | $23,525,000 | -27.9% | 0.4% |
| UTAH FIRST | $40,225,000 | $23,505,000 | -41.6% | 0.4% |
| NATIONS RELIABLE LENDING, LLC | $23,125,000 | n/a | 0.4% | |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $54,170,000 | $22,995,000 | -57.6% | 0.4% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $28,110,000 | $22,850,000 | -18.7% | 0.4% |
| KeyBank | $88,545,000 | $22,565,000 | -74.5% | 0.4% |
| CYPRUS Federal Credit Union | $58,070,000 | $20,050,000 | -65.5% | 0.3% |
| BROKER SOLUTIONS, INC. | $41,285,000 | $20,020,000 | -51.5% | 0.3% |
| Morgan Stanley Private Bank | $25,845,000 | $18,185,000 | -29.6% | 0.3% |
| Deseret First Credit Union | $62,360,000 | $17,945,000 | -71.2% | 0.3% |
| GOLDENWEST | $42,495,000 | $17,545,000 | -58.7% | 0.3% |
| GUILD MORTGAGE COMPANY | $33,585,000 | $17,195,000 | -48.8% | 0.3% |
| Paramount Residential Mortgage Group, Inc. | $13,510,000 | $17,130,000 | 26.8% | 0.3% |
| M&T Realty Capital Corporation | $16,735,000 | n/a | 0.3% | |
| Citadel Servicing Corporation | $12,525,000 | $16,660,000 | 33.0% | 0.3% |
| CMG MORTGAGE, INC. | $33,850,000 | $16,535,000 | -51.2% | 0.3% |
| The Huntington National Bank | $8,105,000 | $16,255,000 | 100.6% | 0.3% |
| HOMESIDE FINANCIAL, LLC | $33,685,000 | $16,245,000 | -51.8% | 0.3% |
| University First Federal Credit Union | $17,240,000 | $15,175,000 | -12.0% | 0.2% |
| The Loan Store, Inc. | $865,000 | $15,110,000 | 1,646.8% | 0.2% |
| LOANDEPOT.COM, LLC | $88,485,000 | $14,420,000 | -83.7% | 0.2% |
| Washington Federal Bank | $129,215,000 | $14,050,000 | -89.1% | 0.2% |
| NBH Bank | $64,495,000 | $13,695,000 | -78.8% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $23,030,000 | $13,525,000 | -41.3% | 0.2% |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $36,205,000 | $12,665,000 | -65.0% | 0.2% |
| Mortgage Research Center, LLC | $11,500,000 | $12,635,000 | 9.9% | 0.2% |
| Utah Mortgage Loan Corporation | $25,780,000 | $12,395,000 | -51.9% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $34,400,000 | $10,700,000 | -68.9% | 0.2% |
| BMO Harris Bank | $2,465,000 | $10,685,000 | 333.5% | 0.2% |
| Mr. Cooper ( Nationstar Mortgage ) | $39,995,000 | $10,425,000 | -73.9% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $930,000 | $9,835,000 | 957.5% | 0.2% |
| Bank of Utah | $33,555,000 | $9,425,000 | -71.9% | 0.2% |
| FLAT BRANCH MORTGAGE, INC. | $9,205,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $28,750,000 | $9,195,000 | -68.0% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $37,180,000 | $9,025,000 | -75.7% | 0.1% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $18,035,000 | $8,965,000 | -50.3% | 0.1% |
| Arbor Realty Trust, Inc. | $8,795,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $11,000,000 | $8,235,000 | -25.1% | 0.1% |
| HOMEXPRESS MORTGAGE CORP. | $5,245,000 | $7,945,000 | 51.5% | 0.1% |
| NEXERA HOLDING LLC | $5,745,000 | $7,920,000 | 37.9% | 0.1% |
| Discover Bank | $5,020,000 | $7,780,000 | 55.0% | 0.1% |
| SUN AMERICAN MORTGAGE COMPANY | $26,885,000 | $7,620,000 | -71.7% | 0.1% |
| AMERICAN FINANCIAL NETWORK, INC. | $7,615,000 | n/a | 0.1% | |
| TBI MORTGAGE COMPANY | $7,455,000 | $7,420,000 | -0.5% | 0.1% |
| Alpine Credit Union | $12,950,000 | $7,195,000 | -44.4% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $275,000 | $7,190,000 | 2,514.5% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $605,000 | $7,135,000 | 1,079.3% | 0.1% |
| BAY EQUITY LLC | $7,690,000 | $6,960,000 | -9.5% | 0.1% |
| FINANCE OF AMERICA REVERSE LLC | $9,600,000 | $6,860,000 | -28.5% | 0.1% |
| NAVY FEDERAL CREDIT UNION | $9,760,000 | $6,855,000 | -29.8% | 0.1% |
| CHARTWAY FEDERAL CREDIT UNION | $1,825,000 | $6,770,000 | 271.0% | 0.1% |
| OCMBC, INC. | $2,345,000 | $6,530,000 | 178.5% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $13,970,000 | $6,520,000 | -53.3% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $3,905,000 | $6,340,000 | 62.4% | 0.1% |
| Cache Valley Bank | $9,540,000 | $6,160,000 | -35.4% | 0.1% |
| CHURCHILL MORTGAGE CORPORATION | $2,035,000 | $5,980,000 | 193.9% | 0.1% |
| Cornerstone First Mortgage, Inc | $580,000 | $5,970,000 | 929.3% | 0.1% |
| The Federal Savings Bank | $5,740,000 | $5,935,000 | 3.4% | 0.1% |
| GRANITE FEDERAL CREDIT UNION | $11,335,000 | $5,840,000 | -48.5% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $11,705,000 | $5,775,000 | -50.7% | 0.1% |
| Figure Lending LLC | $5,665,000 | n/a | 0.1% | |
| NBKC BANK | $15,525,000 | $5,625,000 | -63.8% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $65,845,000 | $5,565,000 | -91.5% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $6,310,000 | $5,345,000 | -15.3% | 0.1% |
| MidFirst Bank | $5,310,000 | n/a | 0.1% | |
| Network Funding, L.P. | $23,135,000 | $5,285,000 | -77.2% | 0.1% |
| ALLIANT CREDIT UNION | $6,420,000 | $5,275,000 | -17.8% | 0.1% |
| PNC Bank | $11,915,000 | $4,830,000 | -59.5% | 0.1% |
| ARC HOME LLC | $1,745,000 | $4,760,000 | 172.8% | 0.1% |
| HomeTrust Bank | $3,280,000 | $4,680,000 | 42.7% | 0.1% |
| UBS Bank USA | $4,665,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $17,095,000 | $4,645,000 | -72.8% | 0.1% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $7,210,000 | $4,210,000 | -41.6% | 0.1% |
| UNION HOME MORTGAGE CORP. | $5,310,000 | $4,150,000 | -21.8% | 0.1% |
| Fortis Private Bank | $9,490,000 | $4,140,000 | -56.4% | 0.1% |
| Ameris Bank | $4,125,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $1,225,000 | $3,905,000 | 218.8% | 0.1% |
| MORTGAGEONE, INC. | $7,855,000 | $3,800,000 | -51.6% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $4,760,000 | $3,625,000 | -23.8% | 0.1% |
| NATIONS DIRECT MORTGAGE, LLC | $2,980,000 | $3,600,000 | 20.8% | 0.1% |
| Commerce Home Mortgage, Inc. | $7,090,000 | $3,535,000 | -50.1% | 0.1% |
| AMERICAN FINANCING CORPORATION | $17,315,000 | $3,445,000 | -80.1% | 0.1% |
| Carrington Mortgage Services, LLC | $7,785,000 | $3,435,000 | -55.9% | 0.1% |
| CLM MORTGAGE, INC | $3,230,000 | n/a | 0.1% | |
| S1L, Inc. | $13,040,000 | $3,140,000 | -75.9% | 0.1% |
| Charles Schwab Bank, SSB | $5,920,000 | $3,105,000 | -47.6% | 0.1% |
| CALCON MUTUAL MORTGAGE LLC | $3,780,000 | $3,045,000 | -19.4% | 0.1% |
| First National Bank of America | $2,670,000 | $2,870,000 | 7.5% | 0.0% |
| Western State Bank | $2,805,000 | n/a | 0.0% | |
| Coastal Community Bank | $2,765,000 | n/a | 0.0% | |
| SourceOne Financial, Inc. | $2,425,000 | $2,755,000 | 13.6% | 0.0% |
| GMFS LLC | $1,485,000 | $2,740,000 | 84.5% | 0.0% |
| ORIX REAL ESTATE CAPITAL, LLC | $2,625,000 | n/a | 0.0% | |
| USAA Federal Savings Bank | $5,510,000 | $2,515,000 | -54.4% | 0.0% |
| Hometown Equity Mortgage, LLC | $2,605,000 | $2,475,000 | -5.0% | 0.0% |
| Alaska USA Federal Credit Union | $2,445,000 | n/a | 0.0% | |
| Logan Finance Corporation | $4,030,000 | $2,320,000 | -42.4% | 0.0% |
| SIRVA MORTGAGE, INC. | $455,000 | $2,215,000 | 386.8% | 0.0% |
| FBC MORTGAGE, LLC | $2,070,000 | n/a | 0.0% | |
| VAN DYK MORTGAGE CORPORATION | $3,535,000 | $2,055,000 | -41.9% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $2,045,000 | n/a | 0.0% | |
| BETTER MORTGAGE CORPORATION | $19,320,000 | $2,015,000 | -89.6% | 0.0% |
| MID AMERICA MORTGAGE, INC. | $1,040,000 | $2,010,000 | 93.3% | 0.0% |
| AMERICAN UNITED FAMILY OF CREDIT UN | $1,835,000 | $1,955,000 | 6.5% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $1,550,000 | $1,815,000 | 17.1% | 0.0% |
| First Savings Bank | $4,085,000 | $1,805,000 | -55.8% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,505,000 | $1,805,000 | -27.9% | 0.0% |
| TEACHERS | $1,805,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $7,775,000 | $1,730,000 | -77.7% | 0.0% |
| EVERETT FINANCIAL, INC. | $21,165,000 | $1,710,000 | -91.9% | 0.0% |
| BELEM SERVICING LLC | $8,705,000 | $1,700,000 | -80.5% | 0.0% |
| Encompass Lending Group, LP | $1,585,000 | n/a | 0.0% | |
| Evolve Bank & Trust | $640,000 | $1,525,000 | 138.3% | 0.0% |
| 21ST MORTGAGE CORPORATION | $1,960,000 | $1,505,000 | -23.2% | 0.0% |
| CANVAS CREDIT UNION | $1,500,000 | n/a | 0.0% | |
| RBC Bank, (Georgia) | $1,495,000 | n/a | 0.0% | |
| First Federal Bank | $425,000 | $1,425,000 | 235.3% | 0.0% |
| Utah Power | $2,835,000 | $1,390,000 | -51.0% | 0.0% |
| KINECTA | $1,380,000 | n/a | 0.0% | |
| The Central Trust Bank | $4,510,000 | $1,375,000 | -69.5% | 0.0% |
| M&T Bank | $460,000 | $1,360,000 | 195.7% | 0.0% |
| LADERA LENDING, INC. | $690,000 | $1,260,000 | 82.6% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $3,555,000 | $1,220,000 | -65.7% | 0.0% |
| Truist | $2,205,000 | $1,190,000 | -46.0% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $11,235,000 | $1,155,000 | -89.7% | 0.0% |
| Baxter Credit Union | $1,660,000 | $1,150,000 | -30.7% | 0.0% |
| GENEVA FINANCIAL, LLC | $3,065,000 | $1,150,000 | -62.5% | 0.0% |
| ONY GLO, INC. | $405,000 | $1,135,000 | 180.2% | 0.0% |
| BEEHIVE | $1,305,000 | $1,115,000 | -14.6% | 0.0% |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $565,000 | $1,105,000 | 95.6% | 0.0% |
| First-Citizens Bank & Trust Company | $3,550,000 | $1,015,000 | -71.4% | 0.0% |
| GEORGIA'S OWN | $4,910,000 | $1,000,000 | -79.6% | 0.0% |
| Watermark Capital, Inc. | $5,795,000 | $990,000 | -82.9% | 0.0% |
| Goldwater Bank, N.A. | $980,000 | n/a | 0.0% | |
| Heritage Bank | $975,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $975,000 | n/a | 0.0% | |
| CHERRY CREEK MORTGAGE, LLC | $10,525,000 | $910,000 | -91.4% | 0.0% |
| Equity Prime Mortgage LLC | $1,300,000 | $910,000 | -30.0% | 0.0% |
| LENOX FINANCIAL MORTGAGE CORPORATION | $905,000 | n/a | 0.0% | |
| Farmers Bank & Trust | $445,000 | $890,000 | 100.0% | 0.0% |
| Wasatch Peaks Federal Credit Union | $315,000 | $885,000 | 181.0% | 0.0% |
| ADVANCIAL | $215,000 | $840,000 | 290.7% | 0.0% |
| Merchants Bank of Indiana | $525,000 | $825,000 | 57.1% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $17,460,000 | $805,000 | -95.4% | 0.0% |
| GTE Federal Credit Union | $1,830,000 | $805,000 | -56.0% | 0.0% |
| IDAHO CENTRAL | $1,610,000 | $795,000 | -50.6% | 0.0% |
| Ally Bank | $9,870,000 | $750,000 | -92.4% | 0.0% |
| NexBank | $1,650,000 | $750,000 | -54.5% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $3,270,000 | $725,000 | -77.8% | 0.0% |
| Jordan Federal Credit Union | $145,000 | $725,000 | 400.0% | 0.0% |
| Grand Bank for Savings, FSB | $720,000 | n/a | 0.0% | |
| PANORAMA MORTGAGE GROUP, LLC | $11,215,000 | $720,000 | -93.6% | 0.0% |
| State Bank of Southern Utah | $1,355,000 | $720,000 | -46.9% | 0.0% |
| STANFORD Federal Credit Union | $315,000 | $705,000 | 123.8% | 0.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $690,000 | n/a | 0.0% | |
| HighTechLending Inc | $1,770,000 | $680,000 | -61.6% | 0.0% |
| Service Federal Credit Union | $680,000 | n/a | 0.0% | |
| LOANPAL, LLC | $11,870,000 | $665,000 | -94.4% | 0.0% |
| THRIVE MORTGAGE, LLC | $625,000 | n/a | 0.0% | |
| Bank of England | $1,370,000 | $620,000 | -54.7% | 0.0% |
| SOVEREIGN LENDING GROUP INCORPORATED | $1,410,000 | $615,000 | -56.4% | 0.0% |
| WINGS FINANCIAL | $445,000 | $615,000 | 38.2% | 0.0% |
| AmeriHome Mortgage Company, LLC | $3,115,000 | $605,000 | -80.6% | 0.0% |
| Bethpage Federal Credit Union | $105,000 | $605,000 | 476.2% | 0.0% |
| SWBC MORTGAGE CORPORATION | $1,790,000 | $595,000 | -66.8% | 0.0% |
| JMAC LENDING, INC. | $585,000 | n/a | 0.0% | |
| Regions Bank | $555,000 | n/a | 0.0% | |
| Toyota Financial Savings Bank | $565,000 | $555,000 | -1.8% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $4,260,000 | $555,000 | -87.0% | 0.0% |
| LAKEVIEW LOAN SERVICING, LLC | $9,390,000 | $540,000 | -94.2% | 0.0% |
| BNC National Bank | $4,970,000 | $525,000 | -89.4% | 0.0% |
| PREMIA MORTGAGE, LLC | $940,000 | $525,000 | -44.1% | 0.0% |
| University Bank | $525,000 | n/a | 0.0% | |
| Chicago Mortgage Solutions LLC | $10,785,000 | $515,000 | -95.2% | 0.0% |
| COMMUNITYAMERICA | $515,000 | n/a | 0.0% | |
| CRESCENT MORTGAGE COMPANY | $1,040,000 | $505,000 | -51.4% | 0.0% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $1,815,000 | $485,000 | -73.3% | 0.0% |
| Grand Valley Bank | $455,000 | $485,000 | 6.6% | 0.0% |
| GoPrime Mortgage, Inc. | $475,000 | n/a | 0.0% | |
| A&D Mortgage LLC | $470,000 | n/a | 0.0% | |
| Stifel Bank and Trust | $1,195,000 | $450,000 | -62.3% | 0.0% |
| NORTHROP GRUMMAN Federal Credit Union | $335,000 | $445,000 | 32.8% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $615,000 | $425,000 | -30.9% | 0.0% |
| Magnolia Bank | $2,350,000 | $425,000 | -81.9% | 0.0% |
| NFM, INC. | $1,275,000 | $425,000 | -66.7% | 0.0% |
| ON Q FINANCIAL, INC. | $425,000 | n/a | 0.0% | |
| Pinnacle Bank | $425,000 | n/a | 0.0% | |
| ALAMEDA MORTGAGE CORPORATION | $415,000 | $415,000 | 0.0% | 0.0% |
| Cincinnati Federal | $415,000 | n/a | 0.0% | |
| LAND HOME FINANCIAL SERVICES, INC. | $415,000 | n/a | 0.0% | |
| EMBRACE HOME LOANS, INC. | $1,105,000 | $405,000 | -63.3% | 0.0% |
| STAR ONE CREDIT UNION | $1,875,000 | $405,000 | -78.4% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,250,000 | $395,000 | -68.4% | 0.0% |
| Gateway First Bank | $18,060,000 | $395,000 | -97.8% | 0.0% |
| State Department Federal Credit Union | $275,000 | $390,000 | 41.8% | 0.0% |
| Nations Lending Corporation | $2,070,000 | $375,000 | -81.9% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $5,100,000 | $365,000 | -92.8% | 0.0% |
| BENCH EQUITY L.L.C. | $295,000 | $355,000 | 20.3% | 0.0% |
| JMJ FINANCIAL GROUP | $2,260,000 | $355,000 | -84.3% | 0.0% |
| Old Missouri Bank | $355,000 | n/a | 0.0% | |
| IDAHO STATE UNIVERSITY | $345,000 | n/a | 0.0% | |
| SUMMIT FUNDING, INC. | $730,000 | $345,000 | -52.7% | 0.0% |
| CUSTOMER SERVICE MORTGAGE CORPORATION | $325,000 | n/a | 0.0% | |
| AMERICAN INTERNET MORTGAGE, INC. | $4,165,000 | $310,000 | -92.6% | 0.0% |
| D. L. Evans Bank | $765,000 | $305,000 | -60.1% | 0.0% |
| General Mortgage Capital Corporation | $305,000 | n/a | 0.0% | |
| MICHIGAN MUTUAL, INC. | $1,075,000 | $305,000 | -71.6% | 0.0% |
| Connexus Credit Union | $280,000 | n/a | 0.0% | |
| BP Federal Credit Union | $255,000 | n/a | 0.0% | |
| Paramount Bank | $255,000 | n/a | 0.0% | |
| FUNDLOANS CAPITAL | $235,000 | n/a | 0.0% | |
| Citizens Bank | $1,945,000 | $225,000 | -88.4% | 0.0% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $225,000 | n/a | 0.0% | |
| Ixonia Bank | $435,000 | $205,000 | -52.9% | 0.0% |
| OAKTREE FUNDING CORP. | $485,000 | $195,000 | -59.8% | 0.0% |
| GSF Mortgage Corporation | $385,000 | $175,000 | -54.5% | 0.0% |
| WEBER STATE FEDERAL CREDIT UNION | $4,345,000 | $115,000 | -97.4% | 0.0% |
| American Airlines Federal Credit Union | $505,000 | $85,000 | -83.2% | 0.0% |
| DIGITAL Federal Credit Union | $1,530,000 | $80,000 | -94.8% | 0.0% |
| Operating Engineers Local Union #3 | $65,000 | n/a | 0.0% | |
| Bank of the West | $1,570,000 | $45,000 | -97.1% | 0.0% |
| CHEVRON | $1,105,000 | $35,000 | -96.8% | 0.0% |
| FIRST TECHNOLOGY | $1,705,000 | $25,000 | -98.5% | 0.0% |
PROVO - OREM's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 13.1% market share. In second place, with 8.0%, is FIRST COLONY MORTGAGE CORPORATION, having originated $486,440,000 in loans. In third place, with 5.8%, is DHI MORTGAGE COMPANY, LTD., having originated $350,730,000 in loans. In fourth place, with 4.5%, is MOUNTAIN AMERICA, having originated $275,825,000 in loans. In fifth place, with 4.2%, is INTERCAP LENDING INC., having originated $253,245,000 in loans.
PROVO-OREM, UT Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 84003 | Provo-Orem, UT MSA | $1,140 | $1,150 | $1,320 | $1,880 | $2,250 |
| 84004 | Provo-Orem, UT MSA | $1,450 | $1,460 | $1,670 | $2,370 | $2,840 |
| 84005 | Provo-Orem, UT MSA | $1,390 | $1,400 | $1,600 | $2,270 | $2,730 |
| 84013 | Provo-Orem, UT MSA | $800 | $890 | $1,010 | $1,460 | $1,770 |
| 84020 | Provo-Orem, UT MSA | $1,300 | $1,540 | $1,840 | $2,530 | $2,840 |
| 84022 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84034 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84042 | Provo-Orem, UT MSA | $1,170 | $1,180 | $1,350 | $1,920 | $2,300 |
| 84043 | Provo-Orem, UT MSA | $1,380 | $1,390 | $1,590 | $2,260 | $2,710 |
| 84045 | Provo-Orem, UT MSA | $1,390 | $1,410 | $1,610 | $2,290 | $2,740 |
| 84057 | Provo-Orem, UT MSA | $990 | $990 | $1,140 | $1,620 | $1,940 |
| 84058 | Provo-Orem, UT MSA | $1,030 | $1,040 | $1,190 | $1,690 | $2,030 |
| 84059 | Provo-Orem, UT MSA | $1,000 | $1,010 | $1,160 | $1,650 | $1,980 |
| 84062 | Provo-Orem, UT MSA | $1,070 | $1,080 | $1,240 | $1,760 | $2,110 |
| 84083 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84097 | Provo-Orem, UT MSA | $990 | $990 | $1,140 | $1,620 | $1,940 |
| 84526 | Provo-Orem, UT MSA | $1,000 | $1,010 | $1,160 | $1,650 | $1,980 |
| 84601 | Provo-Orem, UT MSA | $950 | $960 | $1,100 | $1,560 | $1,870 |
| 84602 | Provo-Orem, UT MSA | $1,000 | $1,010 | $1,160 | $1,650 | $1,980 |
| 84603 | Provo-Orem, UT MSA | $1,000 | $1,010 | $1,160 | $1,650 | $1,980 |
| 84604 | Provo-Orem, UT MSA | $890 | $900 | $1,030 | $1,460 | $1,750 |
| 84605 | Provo-Orem, UT MSA | $1,000 | $1,010 | $1,160 | $1,650 | $1,980 |
| 84606 | Provo-Orem, UT MSA | $990 | $990 | $1,140 | $1,620 | $1,940 |
| 84626 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84628 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84629 | Provo-Orem, UT MSA | $1,040 | $1,050 | $1,200 | $1,710 | $2,040 |
| 84633 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84639 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84645 | Provo-Orem, UT MSA | $810 | $830 | $940 | $1,340 | $1,610 |
| 84648 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84651 | Provo-Orem, UT MSA | $1,010 | $1,020 | $1,170 | $1,660 | $1,990 |
| 84653 | Provo-Orem, UT MSA | $1,110 | $1,120 | $1,280 | $1,820 | $2,180 |
| 84655 | Provo-Orem, UT MSA | $910 | $920 | $1,050 | $1,490 | $1,790 |
| 84656 | Provo-Orem, UT MSA | $800 | $830 | $940 | $1,340 | $1,610 |
| 84660 | Provo-Orem, UT MSA | $1,070 | $1,080 | $1,240 | $1,760 | $2,110 |
| 84663 | Provo-Orem, UT MSA | $920 | $930 | $1,060 | $1,510 | $1,810 |
| 84664 | Provo-Orem, UT MSA | $1,130 | $1,170 | $1,340 | $1,890 | $2,280 |
2022 Average & Median Rent Data Statistics
PROVO-OREM, UT average 1BR rent: $1,027, median: $1,010
PROVO-OREM, UT average 2BR rent: $1,176, median: $1,160
PROVO-OREM, UT average 3BR rent: $1,670, median: $1,650
PROVO-OREM, UT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 9,741 | $4,411,415,000 | $452,871 |
| Home Improvement | 2,590 | $266,840,000 | $103,027 |
| Other | 1,877 | $236,495,000 | $125,996 |
| Refi | 1,794 | $653,350,000 | $364,186 |
| Cash Out Refi | 1,332 | $517,250,000 | $388,326 |
| NA | 1 | $855,000 | $855,000 |
Provo - Orem's most frequently cited loan purpose was Home Purchase, with 9,741 originations. The 2nd most popular reason was Home Improvement, with 2,590 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 5,535 | $2,286,405,000 | $413,081 |
| 7-8% | 4,076 | $1,123,640,000 | $275,672 |
| 5-6% | 3,384 | $1,732,100,000 | $511,850 |
| Over 8% | 3,017 | $495,055,000 | $164,088 |
| 4-5% | 826 | $300,130,000 | $363,354 |
| 3-4% | 153 | $29,575,000 | $193,301 |
| 2.5-3% | 52 | $14,330,000 | $275,577 |
| <2.5% | 23 | $6,385,000 | $277,609 |
During 2023, Provo - Orem's most frequently originated rate bucket was 6-7%, with 5,535 originations.
Loan Sizing (PROVO-OREM, UT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 4,999 | $1,568,085,000 | $313,680 |
| $400k-600k | 4,304 | $2,058,240,000 | $478,216 |
| $100,000 or less | 4,073 | $211,695,000 | $51,975 |
| $100k-200k | 2,243 | $305,735,000 | $136,306 |
| $600k-1000k | 1,392 | $979,030,000 | $703,326 |
| $Over $1MM | 324 | $963,420,000 | $2,973,519 |
PROVO - OREM's loan sizing saw the bucket of loans from $200k-400k with 4,999 originations, totaling $1,568,085,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 6,268 | $2,939,320,000 | $468,941 |
| Under 20% | 4,804 | $340,470,000 | $70,872 |
| 60-80% | 2,523 | $1,409,975,000 | $558,849 |
| 20-40% | 2,085 | $426,045,000 | $204,338 |
| 40-60% | 1,266 | $807,080,000 | $637,504 |
| Over 100% | 106 | $57,330,000 | $540,849 |
PROVO - OREM's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 6,268 originations, totaling $2,939,320,000 in origination value.