Vernal Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Vernal averaged 6.83% for the week of 2023-03-16, compared to the national average of 6.6% for the same period.

    The average rate for the prior week (2023-03-09) was 6.86% and one month ago for the week of 2023-02-09, the average rate was 6.15%.

    Vernal's average rate one year ago was 3.78%.

    For refis of the same type during the week of 2023-03-16, the average rate was 6.35%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2023-03-16 6.6%
    Vernal 30 Year Fixed Rate 2023-03-16 6.83%
    Vernal 30 Year Fixed Rate Refi 2023-03-16 6.35%
    Vernal 15 Year Fixed Rate 2023-03-16 6.22%
    Vernal 15 Year Fixed Rate Refi 2023-03-16 6.03%
    Vernal 30 Year FHA 2023-03-16 6.57%
    Vernal 30 Year FHA Refi 2023-03-16 6.41%
    Vernal 30 Year USDA 2023-03-16 6.05%
    Vernal 30 Year USDA Refi 2023-03-16 6.36%
    Vernal 30 Year VA 2023-03-16 6.34%
    Vernal 30 Year VA Refi 2023-03-16 5.84%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Vernal, UT.

    Vernal 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 Vernal, 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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
    MOUNTAIN AMERICA 186 3.08% $4,581
    GUILD MORTGAGE COMPANY 81 3.19% $5,552
    UNITED WHOLESALE MORTGAGE, LLC 80 3.00% $3,999
    INTERCAP LENDING INC. 41 3.18% $5,026
    QUICKEN LOANS, LLC 40 3.14% $5,115
    ACADEMY MORTGAGE CORPORATION 31 3.16% $6,129
    Zions Bancorporation, N.A. 23 2.98% $3,838
    Plains Commerce Bank 21 3.24% $5,819
    FIRST COLONY MORTGAGE CORPORATION 15 3.10% $3,897
    Wells Fargo Bank 15 2.99% $2,646
    LOANDEPOT.COM, LLC 11 3.08% $3,953
    CALIBER HOME LOANS, INC. 10 3.00% $3,395
    Northpointe Bank 8 3.33% $6,572
    Grand Valley Bank 8 2.97% $3,028
    SECURITYNATIONAL MORTGAGE COMPANY 8 3.19% $2,946
    CANOPY MORTGAGE, LLC 8 3.22% $3,898
    HOME POINT FINANCIAL CORPORATION 7 3.02% $3,749
    Bank of Utah 7 3.00% $4,311
    FREEDOM MORTGAGE CORPORATION 6 3.35% $2,980
    AMERICA FIRST 6 2.77% $4,064
    DIRECT MORTGAGE, CORP. 5 3.05% $4,954
    CROSSCOUNTRY MORTGAGE, LLC 5 3.25% $5,763
    AMERICAN FINANCING CORPORATION 5 3.10% $3,589
    AMERISAVE MORTGAGE CORPORATION 5 2.78% $4,708
    Mr. Cooper ( Nationstar Mortgage ) 5 3.18% $6,497
    BROKER SOLUTIONS, INC. 5 2.95% $5,060
    GUARANTY HOME MORTGAGE CORPORATION 4 3.00% $3,721
    BETTER MORTGAGE CORPORATION 4 2.59% $4,600
    PRIMARY RESIDENTIAL MORTGAGE, INC. 4 3.50% $4,987
    SUN AMERICAN MORTGAGE COMPANY 3 4.29% $1,472
    CHURCHILL MORTGAGE CORPORATION 3 4.25% $4,463
    GUARANTEED RATE, INC. 3 3.29% $2,748
    JPMorgan Chase Bank 3 3.21% $167
    Low VA Rates, LLC 3 3.50% $2,426
    NEWREZ LLC 3 3.08% $3,381
    PRIMELENDING, A PLAINSCAPITAL COMPANY 3 3.33% $5,420
    SECURITY HOME MORTGAGE, LLC. 3 3.63% $3,569
    STEARNS LENDING, LLC 3 2.75% $4,041
    The Federal Savings Bank 3 3.13% $7,104
    UTAH COMMUNITY 3 2.75% $4,267
    Utah Power 3 2.71% $4,262
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 2 3.50% $4,540
    CHERRY CREEK MORTGAGE, LLC 2 3.75% $623
    University First Federal Credit Union 2 3.31% $2,581
    CITYWIDE HOME LOANS, LLC 2 3.06% $4,247
    CASTLE & COOKE MORTGAGE, LLC 2 2.94% $1,484
    RANLIFE, INC. 2 3.18% $4,571
    TRANSWEST CREDIT UNION 1 2.75% $7,091
    Central Bank 1 3.13% $3,388
    CELEBRITY HOME LOANS, LLC 1 3.50% $3,777
    Hercules First Federal Credit Union 1 2.88% $1,296
    Carrington Mortgage Services, LLC 1 3.38% $4,025
    AMCAP MORTGAGE, LTD. 1 2.88% $5,586
    J. VIRGIL, INC. 1 4.50% $410
    LEADERONE FINANCIAL CORPORATION 1 2.63% $2,820
    LOANPAL, LLC 1 3.13% $1,843
    Mazuma Credit Union 1 3.25% $2,769
    MORIA DEVELOPMENT, INC. 1 3.50% $3,535
    Cache Valley Bank 1 3.25% $4,821
    MOUNTAIN WEST FINANCIAL, INC. 1 3.25% $3,367
    BLUE BRICK FINANCIAL LLC 1 3.13% $1,018
    MY MOVE MORTGAGE, LLC 1 2.75% $3,148
    NAVY FEDERAL CREDIT UNION 1 3.25% $6,420
    NBH Bank 1 2.88% $4,441
    NBKC BANK 1 2.99% $1,350
    Network Funding, L.P. 1 3.38% $3,253
    U.S. Bank 1 2.99% $0
    BELEM SERVICING LLC 1 3.37% $3,389
    PANORAMA MORTGAGE GROUP, LLC 1 3.15% $2,145
    PENNYMAC LOAN SERVICES, LLC 1 3.63% $4,129
    PENTAGON FEDERAL CREDIT UNION 1 2.75% $3,673
    Bank of England 1 3.50% $3,346
    PLAZA HOME MORTGAGE, INC. 1 2.75% $3,588
    Axos Bank 1 2.49% $10,048
    Ally Bank 1 2.38% $12,351
    PROVIDENT FUNDING ASSOCIATES, L.P. 1 2.50% $3,569
    ARC HOME LLC 1 5.40% $3,895
    Utah Mortgage Loan Corporation 1 3.13% $625
    ANGEL OAK MORTGAGE SOLUTIONS LLC 1 5.88% $3,499
    SIRVA MORTGAGE, INC. 1 3.13% $0
    A&D Mortgage LLC 1 3.38% $3,786
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 3.00% $4,555
    SWBC MORTGAGE CORPORATION 1 2.88% $4,601
    VERITAS FUNDING, LLC 1 2.88% $2,041
    Commerce Home Mortgage, Inc. 1 4.33% $16,128
    Deseret First Credit Union 1 2.88% $5,361
    DHI MORTGAGE COMPANY, LTD. 1 2.63% $3,809
    Chicago Mortgage Solutions LLC 1 2.99% $3,050
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 2.99% $6,014
    FINANCE OF AMERICA MORTGAGE LLC 1 3.50% $6,029
    FirstBank 1 2.75% $2,483
    CHEVRON 1 2.63% $10,271
    Flagstar Bank, FSB 1 2.88% $8,585
    First National Bank of America 1 7.63% $5,511
    Gateway First Bank 1 3.13% $3,575
    Glacier Bank 1 3.50% $3,267
    GOLDENWEST 1 2.63% $2,151
    Century Mortgage Company DBA Century Lending Company 1 2.88% $3,348
    GUARANTEED RATE AFFINITY, LLC 1 2.88% $3,116

    Vernal Average Closing Costs & Other Stats

    Vernal, UT's 99 lenders originated 2,074 loans during 2021. The total origination value was $402,920,000, with an average loan value of $194,272.

    Vernal's average closing costs are $5,713.

    The top Vernal lender as defined by loan originations is MOUNTAIN AMERICA, with 186 loans originated. Their average total fees are $4,581, which is $971 lower than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Vernal lenders (with over 10 loans originated) are Wells Fargo Bank ($2,646), CALIBER HOME LOANS, INC. ($3,395), Zions Bancorporation, N.A. ($3,838), FIRST COLONY MORTGAGE CORPORATION ($3,897) and LOANDEPOT.COM, LLC ($3,953).

    The lowest rate Vernal lenders (with over 10 loans originated) are Zions Bancorporation, N.A. (2.98%), Wells Fargo Bank (2.99%), UNITED WHOLESALE MORTGAGE, LLC (3.00%), CALIBER HOME LOANS, INC. (3.00%) and MOUNTAIN AMERICA (3.08%).

    Vernal, 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 2020 Loan Value 2021 Loan Value % Change 2021 Market Share
    MOUNTAIN AMERICA $81,900,000 $83,080,000 1.4% 20.6%
    GUILD MORTGAGE COMPANY $40,970,000 $46,505,000 13.5% 11.5%
    UNITED WHOLESALE MORTGAGE, LLC $17,495,000 $32,500,000 85.8% 8.1%
    INTERCAP LENDING INC. $26,200,000 $31,240,000 19.2% 7.8%
    Zions Bancorporation, N.A. $17,900,000 $20,720,000 15.8% 5.1%
    ACADEMY MORTGAGE CORPORATION $12,300,000 $18,700,000 52.0% 4.6%
    M&T Realty Capital Corporation $15,465,000 n/a 3.8%
    QUICKEN LOANS, LLC $15,980,000 $13,940,000 -12.8% 3.5%
    FREEDOM MORTGAGE CORPORATION $7,515,000 $7,370,000 -1.9% 1.8%
    Plains Commerce Bank $825,000 $7,010,000 749.7% 1.7%
    Grand Valley Bank $3,100,000 $6,410,000 106.8% 1.6%
    CALIBER HOME LOANS, INC. $3,835,000 $6,140,000 60.1% 1.5%
    FIRST COLONY MORTGAGE CORPORATION $3,465,000 $5,800,000 67.4% 1.4%
    Wells Fargo Bank $4,175,000 $5,305,000 27.1% 1.3%
    HOME POINT FINANCIAL CORPORATION $1,130,000 $4,950,000 338.1% 1.2%
    LOANDEPOT.COM, LLC $3,055,000 $4,310,000 41.1% 1.1%
    SECURITYNATIONAL MORTGAGE COMPANY $4,510,000 $3,995,000 -11.4% 1.0%
    PENNYMAC LOAN SERVICES, LLC $1,210,000 $3,930,000 224.8% 1.0%
    Northpointe Bank $4,220,000 $3,460,000 -18.0% 0.9%
    Bank of Utah $3,300,000 $3,285,000 -0.5% 0.8%
    Mortgage Research Center, LLC $1,930,000 $3,280,000 69.9% 0.8%
    RANLIFE, INC. $3,105,000 $3,270,000 5.3% 0.8%
    DIRECT MORTGAGE, CORP. $1,075,000 $2,760,000 156.7% 0.7%
    AMERICAN FINANCING CORPORATION $1,125,000 $2,710,000 140.9% 0.7%
    AMERICA FIRST $1,505,000 $2,680,000 78.1% 0.7%
    CASTLE & COOKE MORTGAGE, LLC $655,000 $2,470,000 277.1% 0.6%
    CANOPY MORTGAGE, LLC $1,495,000 $2,280,000 52.5% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $2,895,000 $2,225,000 -23.1% 0.6%
    CROSSCOUNTRY MORTGAGE, LLC $915,000 $2,215,000 142.1% 0.5%
    CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP $440,000 $1,915,000 335.2% 0.5%
    Utah Power $210,000 $1,775,000 745.2% 0.4%
    SECURITY HOME MORTGAGE, LLC. $2,180,000 $1,675,000 -23.2% 0.4%
    BETTER MORTGAGE CORPORATION $1,645,000 n/a 0.4%
    AMERISAVE MORTGAGE CORPORATION $2,055,000 $1,570,000 -23.6% 0.4%
    NEWREZ LLC $310,000 $1,565,000 404.8% 0.4%
    BROKER SOLUTIONS, INC. $1,555,000 $1,405,000 -9.6% 0.3%
    CITYWIDE HOME LOANS, LLC $495,000 $1,275,000 157.6% 0.3%
    Carrington Mortgage Services, LLC $375,000 $1,195,000 218.7% 0.3%
    Bank of the West $335,000 $1,160,000 246.3% 0.3%
    UTAH COMMUNITY $540,000 $1,160,000 114.8% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $1,110,000 $1,145,000 3.2% 0.3%
    PRIMARY RESIDENTIAL MORTGAGE, INC. $590,000 $1,120,000 89.8% 0.3%
    STEARNS LENDING, LLC $2,045,000 $1,090,000 -46.7% 0.3%
    CYPRUS Federal Credit Union $155,000 $1,070,000 590.3% 0.3%
    The Federal Savings Bank $1,220,000 $985,000 -19.3% 0.2%
    SUN AMERICAN MORTGAGE COMPANY $960,000 n/a 0.2%
    GUARANTEED RATE, INC. $675,000 $915,000 35.6% 0.2%
    VILLAGE CAPITAL & INVESTMENT LLC $470,000 $905,000 92.6% 0.2%
    AMERICAN PACIFIC MORTGAGE CORPORATION $1,130,000 $885,000 -21.7% 0.2%
    MOVEMENT MORTGAGE, LLC $275,000 $865,000 214.5% 0.2%
    JPMorgan Chase Bank $500,000 $820,000 64.0% 0.2%
    Utah Mortgage Loan Corporation $1,615,000 $785,000 -51.4% 0.2%
    Ally Bank $775,000 n/a 0.2%
    Commerce Home Mortgage, Inc. $755,000 n/a 0.2%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $745,000 n/a 0.2%
    NAVY FEDERAL CREDIT UNION $1,610,000 $695,000 -56.8% 0.2%
    Century Mortgage Company DBA Century Lending Company $685,000 n/a 0.2%
    University First Federal Credit Union $635,000 n/a 0.2%
    SUN WEST MORTGAGE COMPANY, INC. $625,000 n/a 0.2%
    Glacier Bank $620,000 n/a 0.2%
    PROVIDENT FUNDING ASSOCIATES, L.P. $890,000 $610,000 -31.5% 0.2%
    CELEBRITY HOME LOANS, LLC $605,000 n/a 0.2%
    CHURCHILL MORTGAGE CORPORATION $605,000 n/a 0.2%
    USAA Federal Savings Bank $1,345,000 $570,000 -57.6% 0.1%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $2,155,000 $550,000 -74.5% 0.1%
    PLAZA HOME MORTGAGE, INC. $790,000 $545,000 -31.0% 0.1%
    NBH Bank $155,000 $540,000 248.4% 0.1%
    DHI MORTGAGE COMPANY, LTD. $525,000 n/a 0.1%
    Network Funding, L.P. $265,000 $500,000 88.7% 0.1%
    MOUNTAIN WEST FINANCIAL, INC. $185,000 $485,000 162.2% 0.1%
    BLUE BRICK FINANCIAL LLC $480,000 n/a 0.1%
    A&D Mortgage LLC $475,000 n/a 0.1%
    AMWEST FUNDING CORP. $855,000 $465,000 -45.6% 0.1%
    Gateway First Bank $305,000 $440,000 44.3% 0.1%
    ARC HOME LLC $425,000 n/a 0.1%
    LOANPAL, LLC $710,000 $420,000 -40.8% 0.1%
    BAY EQUITY LLC $885,000 $405,000 -54.2% 0.1%
    FINANCE OF AMERICA MORTGAGE LLC $580,000 $400,000 -31.0% 0.1%
    GUARANTY HOME MORTGAGE CORPORATION $390,000 n/a 0.1%
    TRANSWEST CREDIT UNION $385,000 n/a 0.1%
    U.S. Bank $510,000 $375,000 -26.5% 0.1%
    Axos Bank $355,000 n/a 0.1%
    MY MOVE MORTGAGE, LLC $1,230,000 $355,000 -71.1% 0.1%
    Cache Valley Bank $345,000 n/a 0.1%
    VERITAS FUNDING, LLC $1,185,000 $340,000 -71.3% 0.1%
    Low VA Rates, LLC $800,000 $335,000 -58.1% 0.1%
    MORIA DEVELOPMENT, INC. $330,000 n/a 0.1%
    Central Bank $215,000 $320,000 48.8% 0.1%
    AMERICAN ADVISORS GROUP $65,000 $315,000 384.6% 0.1%
    LONGBRIDGE FINANCIAL, LLC $310,000 n/a 0.1%
    CHEVRON $305,000 n/a 0.1%
    Chicago Mortgage Solutions LLC $305,000 n/a 0.1%
    First Midwest Bank $305,000 n/a 0.1%
    Deseret First Credit Union $55,000 $295,000 436.4% 0.1%
    GOLDENWEST $485,000 $290,000 -40.2% 0.1%
    ANGEL OAK MORTGAGE SOLUTIONS LLC $155,000 $285,000 83.9% 0.1%
    Flagstar Bank, FSB $285,000 n/a 0.1%
    MICHIGAN MUTUAL, INC. $275,000 n/a 0.1%
    AMERICAN INTERNET MORTGAGE, INC. $265,000 n/a 0.1%
    Equity Prime Mortgage LLC $255,000 n/a 0.1%
    MID AMERICA MORTGAGE, INC. $255,000 n/a 0.1%
    GUARANTEED RATE AFFINITY, LLC $135,000 $245,000 81.5% 0.1%
    SUMMIT FUNDING, INC. $245,000 n/a 0.1%
    UNITED SECURITY FINANCIAL CORP $390,000 $235,000 -39.7% 0.1%
    AMERICAN FINANCIAL RESOURCES, INC. $230,000 n/a 0.1%
    Mazuma Credit Union $215,000 n/a 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $460,000 $205,000 -55.4% 0.1%
    Nations Lending Corporation $155,000 $205,000 32.3% 0.1%
    PENTAGON FEDERAL CREDIT UNION $205,000 n/a 0.1%
    SIRVA MORTGAGE, INC. $205,000 n/a 0.1%
    FirstBank $315,000 $195,000 -38.1% 0.0%
    LEADERONE FINANCIAL CORPORATION $195,000 n/a 0.0%
    NBKC BANK $185,000 n/a 0.0%
    SOVEREIGN LENDING GROUP INCORPORATED $185,000 n/a 0.0%
    CHERRY CREEK MORTGAGE, LLC $185,000 $180,000 -2.7% 0.0%
    EVERETT FINANCIAL, INC. $205,000 $180,000 -12.2% 0.0%
    SWBC MORTGAGE CORPORATION $175,000 n/a 0.0%
    AMCAP MORTGAGE, LTD. $165,000 n/a 0.0%
    First Guaranty Mortgage Corporation $890,000 $155,000 -82.6% 0.0%
    BELEM SERVICING LLC $135,000 $145,000 7.4% 0.0%
    KeyBank $490,000 $145,000 -70.4% 0.0%
    J. VIRGIL, INC. $140,000 n/a 0.0%
    BECKAM FUNDING CORP. $135,000 n/a 0.0%
    FINANCE OF AMERICA REVERSE LLC $135,000 n/a 0.0%
    HOMEXPRESS MORTGAGE CORP. $135,000 n/a 0.0%
    Bank of England $115,000 n/a 0.0%
    First National Bank of America $115,000 n/a 0.0%
    S1L, Inc. $105,000 n/a 0.0%
    SECURITY SERVICE $35,000 $105,000 200.0% 0.0%
    Barrington Bank & Trust Company, N.A. $95,000 $85,000 -10.5% 0.0%
    Hercules First Federal Credit Union $75,000 n/a 0.0%
    PANORAMA MORTGAGE GROUP, LLC $265,000 $65,000 -75.5% 0.0%
    CRESCENT MORTGAGE COMPANY $175,000 $35,000 -80.0% 0.0%
    UTAH FIRST $35,000 $35,000 0.0% 0.0%

    Vernal's top lender by overall market share is MOUNTAIN AMERICA, with 20.6% market share. In second place, with 11.5%, is GUILD MORTGAGE COMPANY, having originated $46,505,000 in loans. In third place, with 8.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $32,500,000 in loans. In fourth place, with 7.8%, is INTERCAP LENDING INC., having originated $31,240,000 in loans. In fifth place, with 5.1%, is Zions Bancorporation, N.A., having originated $20,720,000 in loans.

    Vernal Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - Vernal (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $169,900 (2.0%) $202,383 (0.4%) 0.00 259
    2018-02-01 $175,900 (5.7%) $208,633 (4.0%) 0.00 251
    2018-03-01 $187,250 (13.5%) $216,863 (8.7%) 0.00 233
    2018-04-01 $189,450 (11.8%) $218,976 (7.2%) 0.00 242
    2018-05-01 $209,900 (18.4%) $231,150 (8.6%) 0.00 247
    2018-06-01 $205,000 (11.7%) $229,188 (4.2%) 0.00 272
    2018-07-01 $202,450 (12.9%) $231,727 (9.9%) 0.00 284
    2018-08-01 $199,900 (13.6%) $227,815 (8.5%) 0.00 297
    2018-09-01 $189,000 (8.1%) $226,913 (9.0%) 0.00 283
    2018-10-01 $186,950 (7.2%) $226,621 (9.5%) 0.00 302
    2018-11-01 $190,600 (10.5%) $225,502 (10.4%) 0.00 294
    2018-12-01 $180,000 (3.3%) $221,052 (7.6%) 0.00 275
    2019-01-01 $188,250 (10.8%) $220,119 (8.8%) 0.00 262
    2019-02-01 $189,675 (7.8%) $220,993 (5.9%) 0.00 240
    2019-03-01 $199,979 (6.8%) $232,693 (7.3%) 0.00 225
    2019-04-01 $212,475 (12.2%) $244,969 (11.9%) 0.00 227
    2019-05-01 $219,925 (4.8%) $251,172 (8.7%) 0.00 255
    2019-06-01 $225,000 (9.8%) $253,631 (10.7%) 0.00 267
    2019-07-01 $224,925 (11.1%) $251,340 (8.5%) 0.00 271
    2019-08-01 $214,391 (7.3%) $243,222 (6.8%) 0.00 267
    2019-09-01 $206,127 (9.1%) $238,501 (5.1%) 0.00 260
    2019-10-01 $208,018 (11.3%) $240,258 (6.0%) 0.00 239
    2019-11-01 $215,000 (12.8%) $243,233 (7.9%) 0.00 215
    2019-12-01 $213,000 (18.3%) $238,222 (7.8%) 0.00 200
    2020-01-01 $211,250 (12.2%) $235,911 (7.2%) 0.00 197
    2020-02-01 $216,000 (13.9%) $243,096 (10.0%) 0.00 202
    2020-03-01 $218,700 (9.4%) $246,681 (6.0%) 0.00 171
    2020-04-01 $225,000 (5.9%) $252,851 (3.2%) 0.00 181
    2020-05-01 $209,500 (-4.7%) $238,976 (-4.9%) 0.00 201
    2020-06-01 $209,725 (-6.8%) $236,215 (-6.9%) 0.00 196
    2020-07-01 $207,500 (-7.8%) $239,248 (-4.8%) 0.00 181
    2020-08-01 $199,250 (-7.1%) $237,251 (-2.5%) 0.00 161
    2020-09-01 $191,175 (-7.3%) $227,818 (-4.5%) 0.00 162
    2020-10-01 $175,250 (-15.8%) $217,488 (-9.5%) 0.00 164
    2020-11-01 $168,625 (-21.6%) $228,548 (-6.0%) 0.00 129
    2020-12-01 $175,575 (-17.6%) $239,349 (0.5%) 0.00 119
    2021-01-01 $189,950 (-10.1%) $247,028 (4.7%) 0.00 110
    2021-02-01 $194,200 (-10.1%) $229,128 (-5.8%) 0.00 109
    2021-03-01 $197,500 (-9.7%) $251,774 (2.1%) 0.00 85
    2021-04-01 $199,450 (-11.4%) $281,720 (11.4%) 0.00 86
    2021-05-01 $229,950 (9.8%) $340,984 (42.7%) 0.00 74
    2021-06-01 $266,475 (27.1%) $375,162 (58.8%) 0.00 65
    2021-07-01 $279,900 (34.9%) $396,679 (65.8%) 0.00 70
    2021-08-01 $279,250 (40.2%) $398,593 (68.0%) 0.00 74
    2021-09-01 $265,950 (39.1%) $365,572 (60.5%) 0.00 87
    2021-10-01 $302,450 (72.6%) $374,247 (72.1%) 0.00 63
    2021-11-01 $331,000 (96.3%) $400,920 (75.4%) 0.00 43
    2021-12-01 $314,950 (79.4%) $379,531 (58.6%) 0.00 42
    2022-01-01 $304,950 (60.5%) $383,185 (55.1%) 0.00 25
    2022-02-01 $302,400 (55.7%) $415,793 (81.5%) 0.00 29
    2022-03-01 $322,750 (63.4%) $458,479 (82.1%) 0.00 28
    2022-04-01 $311,950 (56.4%) $488,474 (73.4%) 0.00 31
    2022-05-01 $312,500 (35.9%) $443,853 (30.2%) 0.00 51
    2022-06-01 $347,225 (30.3%) $458,489 (22.2%) 0.00 49
    2022-07-01 $364,950 (30.4%) $452,536 (14.1%) 0.00 69
    2022-08-01 $369,900 (32.5%) $473,531 (18.8%) 0.00 74
    2022-09-01 $405,950 (52.6%) $503,735 (37.8%) 0.00 63
    2022-10-01 $402,450 (33.1%) $516,325 (38.0%) 0.00 71
    2022-11-01 $391,700 (18.3%) $482,727 (20.4%) 0.00 75
    2022-12-01 $399,900 (27.0%) $473,278 (24.7%) 0.00 66
    2023-01-01 $379,125 (24.3%) $457,088 (19.3%) 0.00 52
    2023-02-01 $376,875 (24.6%) $467,226 (12.4%) 0.00 50
    Vernal's median listing price for 2023-02-01 was $376,875, a difference of $74,475 (24.6%) versus the prior year and $-2,250 versus the prior month.

    Vernal's median listing price comes in at 0% of the national average.

    Vernal's average listing price for 2023-02-01 was $467,226, a difference of $51,433 (12.4%) versus the prior year and $10,138 versus the prior month.

    For the 2023-02-01 period, Vernal had 50 MLS listings, a difference of -2 listings (-4%) versus the prior month and 21 listings (72%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Vernal (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,782 sqft
    2018-02-01 0 days 1,805 sqft
    2018-03-01 0 days 1,836 sqft
    2018-04-01 0 days 1,872 sqft
    2018-05-01 0 days 1,963 sqft
    2018-06-01 0 days 1,950 sqft
    2018-07-01 0 days 1,922 sqft
    2018-08-01 0 days 1,842 sqft
    2018-09-01 0 days 1,815 sqft
    2018-10-01 0 days 1,839 sqft
    2018-11-01 0 days 1,800 sqft
    2018-12-01 0 days 1,695 sqft
    2019-01-01 0 days 1,702 sqft
    2019-02-01 0 days 1,713 sqft
    2019-03-01 0 days 1,846 sqft
    2019-04-01 0 days 1,947 sqft
    2019-05-01 0 days 2,004 sqft
    2019-06-01 0 days 2,080 sqft
    2019-07-01 0 days 2,020 sqft
    2019-08-01 0 days 1,943 sqft
    2019-09-01 0 days 1,904 sqft
    2019-10-01 0 days 1,906 sqft
    2019-11-01 0 days 1,898 sqft
    2019-12-01 0 days 1,913 sqft
    2020-01-01 0 days 1,888 sqft
    2020-02-01 0 days 1,888 sqft
    2020-03-01 0 days 1,865 sqft
    2020-04-01 0 days 1,898 sqft
    2020-05-01 0 days 1,840 sqft
    2020-06-01 0 days 1,838 sqft
    2020-07-01 0 days 1,810 sqft
    2020-08-01 0 days 1,759 sqft
    2020-09-01 0 days 1,615 sqft
    2020-10-01 0 days 1,588 sqft
    2020-11-01 0 days 1,520 sqft
    2020-12-01 0 days 1,506 sqft
    2021-01-01 0 days 1,604 sqft
    2021-02-01 0 days 1,583 sqft
    2021-03-01 0 days 1,616 sqft
    2021-04-01 0 days 1,606 sqft
    2021-05-01 0 days 1,788 sqft
    2021-06-01 0 days 1,952 sqft
    2021-07-01 0 days 1,986 sqft
    2021-08-01 0 days 2,329 sqft
    2021-09-01 0 days 2,002 sqft
    2021-10-01 0 days 2,341 sqft
    2021-11-01 0 days 2,450 sqft
    2021-12-01 0 days 2,340 sqft
    2022-01-01 0 days 1,994 sqft
    2022-02-01 0 days 2,170 sqft
    2022-03-01 0 days 2,224 sqft
    2022-04-01 0 days 1,894 sqft
    2022-05-01 0 days 1,713 sqft
    2022-06-01 0 days 1,928 sqft
    2022-07-01 0 days 2,016 sqft
    2022-08-01 0 days 2,079 sqft
    2022-09-01 0 days 2,324 sqft
    2022-10-01 0 days 2,594 sqft
    2022-11-01 0 days 2,498 sqft
    2022-12-01 0 days 2,568 sqft
    2023-01-01 0 days 2,581 sqft
    2023-02-01 0 days 2,450 sqft
    Vernal's median listing age (time on market) for 2023-02-01 was 0 days.

    Vernal's median square footage for active listings during the 2023-02-01 period was 2,450 sqft. One year prior, the average listing was 2,170 sqft.

    Vernal, UT Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 985 $189,905,000 $192,797
    Refi 728 $151,680,000 $208,352
    Cash Out Refi 235 $49,575,000 $210,957
    Home Improvement 72 $7,170,000 $99,583
    Other 54 $4,590,000 $85,000

    Vernal's most frequently cited loan purpose was Home Purchase, with 985 originations. The 2nd most popular reason was Refi, with 728 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    2.5-3% 758 $159,310,000 $210,172
    3-4% 695 $133,575,000 $192,194
    <2.5% 377 $78,595,000 $208,475
    4-5% 152 $10,090,000 $66,382
    5-6% 82 $5,450,000 $66,463
    6-7% 4 $200,000 $50,000
    Over 8% 3 $95,000 $31,667
    7-8% 2 $140,000 $70,000

    During 2021, Vernal's most frequently originated rate bucket was 2.5-3%, with 758 originations.

    Loan Sizing (Vernal, UT MSA)

    Loan Size Originations Total Value Average Loan
    $100k-200k 868 $133,130,000 $153,376
    $200k-400k 754 $196,480,000 $260,584
    $100,000 or less 376 $16,380,000 $43,564
    $400k-600k 61 $28,895,000 $473,689
    $600k-1000k 12 $9,200,000 $766,667
    $Over $1MM 3 $18,835,000 $6,278,333

    Vernal's loan sizing saw the bucket of loans from $100k-200k with 868 originations, totaling $133,130,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 887 $196,465,000 $221,494
    60-80% 614 $129,470,000 $210,863
    Under 20% 206 $3,860,000 $18,738
    40-60% 197 $35,005,000 $177,690
    20-40% 112 $10,600,000 $94,643
    Over 100% 21 $5,305,000 $252,619

    Vernal's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 887 originations, totaling $196,465,000 in origination value.