Vernal Mortgage Rates & Closing Costs

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

30 Year Fixed Rate mortgages in Vernal averaged 6.77% for the week of 2024-10-31, compared to the national average of 6.72% for the same period.

The average rate for the prior week (2024-10-24) was 6.39% and one month ago for the week of 2024-09-26, the average rate was 6.23%.

Vernal's average rate one year ago was 7.64%.

For refis of the same type during the week of 2024-10-31, the average rate was 7.22%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-10-31 6.72%
Vernal 30 Year Fixed Rate 2024-10-31 6.77%
Vernal 30 Year Fixed Rate Refi 2024-10-31 7.22%
Vernal 15 Year Fixed Rate 2024-10-31 5.79%
Vernal 15 Year Fixed Rate Refi 2024-10-31 6.29%
Vernal 30 Year FHA 2024-10-31 6.25%
Vernal 30 Year FHA Refi 2024-10-31 6.19%
Vernal 30 Year USDA 2024-10-31 6.27%
Vernal 30 Year USDA Refi 2024-10-31 6.57%
Vernal 30 Year VA 2024-10-31 6.51%
Vernal 30 Year VA Refi 2024-10-31 6.41%
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 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 35 6.76% $7,186
MOUNTAIN AMERICA 34 6.65% $5,687
GUILD MORTGAGE COMPANY 12 7.09% $8,522
QUICKEN LOANS, LLC 10 6.91% $7,539
ACADEMY MORTGAGE CORPORATION 9 7.03% $8,221
INTERCAP LENDING INC. 9 6.82% $9,071
Zions Bank 6 6.13% $5,421
FIRST COLONY MORTGAGE CORPORATION 6 7.25% $8,248
NEWREZ LLC 5 7.25% $5,330
SECURITY HOME MORTGAGE, LLC. 3 6.75% $5,899
Plains Commerce Bank 3 6.79% $5,365
Grand Valley Bank 3 6.08% $6,566
CROSSCOUNTRY MORTGAGE, LLC 2 6.50% $5,070
BMO Harris Bank 2 6.38% $3,725
BROKER SOLUTIONS, INC. 2 6.43% $13,811
Utah Power 2 5.00% $5,538
Discover Bank 2 6.62% $0
PENNYMAC LOAN SERVICES, LLC 2 7.56% $4,509
Sierra Pacific Mortgage Company, Inc. 2 6.62% $3,986
Deseret First Credit Union 2 6.56% $6,470
Northpointe Bank 1 5.99% $4,199
Northwest Farm Credit Services, FLCA 1 7.00% $7,938
PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.25% $2,680
RANLIFE, INC. 1 6.25% $9,684
SECURITYNATIONAL MORTGAGE COMPANY 1 7.99% $10,297
21ST MORTGAGE CORPORATION 1 8.45% $5,621
The Loan Store, Inc. 1 7.88% $12,410
Utah Mortgage Loan Corporation 1 7.13% $5,682
Wells Fargo Bank 1 5.63% $0
SUN AMERICAN MORTGAGE COMPANY 1 6.50% $8,793
AMERICA FIRST 1 6.13% $2,839
ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 7.63% $6,067
AXIA FINANCIAL, LLC 1 6.75% $6,457
BAY EQUITY LLC 1 6.25% $3,329
BECKAM FUNDING CORP. 1 10.63% $8,614
CALCON MUTUAL MORTGAGE LLC 1 6.25% $13,979
CARDINAL FINANCIAL 1 8.13% $10,775
CASTLE & COOKE MORTGAGE, LLC 1 5.88% $11,760
Century Mortgage Company DBA Century Lending Company 1 6.99% $8,405
Citadel Servicing Corporation 1 7.75% $10,245
EVERETT FINANCIAL, INC. 1 6.50% $1,458
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 6.99% $9,273
GRANITE FEDERAL CREDIT UNION 1 7.38% $3,898
GUARANTEED RATE AFFINITY, LLC 1 7.48% $68
JMAC LENDING, INC. 1 6.88% $3,798
JPMorgan Chase Bank 1 5.88% $0
LADERA LENDING, INC. 1 8.13% $10,324
Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $9,029
NEXERA HOLDING LLC 1 8.13% $11,967

Vernal Average Closing Costs & Other Stats

Vernal, UT's 49 lenders originated 850 loans during 2023. The total origination value was $164,620,000, with an average loan value of $193,671.

Vernal's average closing costs are $6,292.

The top Vernal lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 35 loans originated. Their average total fees are $7,186, which is $1,499 higher than the next largest lender, MOUNTAIN AMERICA.

The lowest fee Vernal lenders (with over 10 loans originated) are MOUNTAIN AMERICA ($5,687), UNITED WHOLESALE MORTGAGE, LLC ($7,186), QUICKEN LOANS, LLC ($7,539), GUILD MORTGAGE COMPANY ($8,522) and .

The lowest rate Vernal lenders (with over 10 loans originated) are MOUNTAIN AMERICA (6.65%), UNITED WHOLESALE MORTGAGE, LLC (6.76%), QUICKEN LOANS, LLC (6.91%), GUILD MORTGAGE COMPANY (7.09%) and .

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 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
MOUNTAIN AMERICA $64,460,000 $33,050,000 -48.7% 20.1%
UNITED WHOLESALE MORTGAGE, LLC $19,430,000 $23,080,000 18.8% 14.0%
GUILD MORTGAGE COMPANY $22,420,000 $18,270,000 -18.5% 11.1%
INTERCAP LENDING INC. $19,470,000 $14,695,000 -24.5% 8.9%
Zions Bank $11,985,000 $10,050,000 -16.1% 6.1%
ACADEMY MORTGAGE CORPORATION $11,655,000 $7,270,000 -37.6% 4.4%
FIRST COLONY MORTGAGE CORPORATION $1,935,000 $4,400,000 127.4% 2.7%
QUICKEN LOANS, LLC $8,305,000 $4,330,000 -47.9% 2.6%
NEWREZ LLC $1,100,000 $4,105,000 273.2% 2.5%
Plains Commerce Bank $1,165,000 $2,520,000 116.3% 1.5%
Mortgage Research Center, LLC $2,170,000 $2,195,000 1.2% 1.3%
Northpointe Bank $2,470,000 $2,105,000 -14.8% 1.3%
CARDINAL FINANCIAL $515,000 $1,900,000 268.9% 1.2%
PENNYMAC LOAN SERVICES, LLC $1,300,000 $1,870,000 43.8% 1.1%
FREEDOM MORTGAGE CORPORATION $1,855,000 $1,825,000 -1.6% 1.1%
LOANDEPOT.COM, LLC $2,870,000 $1,825,000 -36.4% 1.1%
CASTLE & COOKE MORTGAGE, LLC $2,225,000 $1,590,000 -28.5% 1.0%
Century Mortgage Company DBA Century Lending Company $430,000 $1,515,000 252.3% 0.9%
CROSSCOUNTRY MORTGAGE, LLC $1,580,000 $1,365,000 -13.6% 0.8%
Grand Valley Bank $4,275,000 $1,315,000 -69.2% 0.8%
SECURITYNATIONAL MORTGAGE COMPANY $2,040,000 $1,315,000 -35.5% 0.8%
GUARANTEED RATE AFFINITY, LLC $530,000 $1,225,000 131.1% 0.7%
AMERICA FIRST $2,515,000 $1,190,000 -52.7% 0.7%
BROKER SOLUTIONS, INC. $2,490,000 $1,185,000 -52.4% 0.7%
Utah Power $2,650,000 $1,025,000 -61.3% 0.6%
SECURITY HOME MORTGAGE, LLC. $2,595,000 $960,000 -63.0% 0.6%
BMO Harris Bank $950,000 n/a 0.6%
Discover Bank $930,000 n/a 0.6%
Deseret First Credit Union $35,000 $875,000 2,400.0% 0.5%
VILLAGE CAPITAL MORTGAGE $740,000 n/a 0.4%
CHURCHILL MORTGAGE CORPORATION $625,000 n/a 0.4%
The Loan Store, Inc. $620,000 n/a 0.4%
LOANPAL, LLC $1,070,000 $600,000 -43.9% 0.4%
Sierra Pacific Mortgage Company, Inc. $245,000 $535,000 118.4% 0.3%
RANLIFE, INC. $1,245,000 $490,000 -60.6% 0.3%
Victorian Finance, LLC $475,000 n/a 0.3%
SUN AMERICAN MORTGAGE COMPANY $445,000 n/a 0.3%
Wells Fargo Bank $3,830,000 $430,000 -88.8% 0.3%
Mr. Cooper ( Nationstar Mortgage ) $1,215,000 $400,000 -67.1% 0.2%
CALCON MUTUAL MORTGAGE LLC $395,000 n/a 0.2%
JPMorgan Chase Bank $145,000 $395,000 172.4% 0.2%
Bank of England $385,000 n/a 0.2%
MORTGAGEONE, INC. $385,000 n/a 0.2%
AMERICAN PACIFIC MORTGAGE CORPORATION $720,000 $375,000 -47.9% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $265,000 $365,000 37.7% 0.2%
HomeTrust Bank $365,000 n/a 0.2%
21ST MORTGAGE CORPORATION $345,000 n/a 0.2%
EVERETT FINANCIAL, INC. $330,000 $345,000 4.5% 0.2%
ARK-LA-TEX FINANCIAL SERVICES, LLC. $315,000 n/a 0.2%
Citadel Servicing Corporation $385,000 $315,000 -18.2% 0.2%
CMG MORTGAGE, INC. $305,000 n/a 0.2%
U.S. Bank $485,000 $305,000 -37.1% 0.2%
Barrington Bank & Trust Company, N.A. $135,000 $295,000 118.5% 0.2%
LADERA LENDING, INC. $295,000 n/a 0.2%
AXIA FINANCIAL, LLC $285,000 n/a 0.2%
Northwest Farm Credit Services, FLCA $275,000 n/a 0.2%
JMAC LENDING, INC. $270,000 n/a 0.2%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $1,335,000 $255,000 -80.9% 0.2%
BECKAM FUNDING CORP. $245,000 n/a 0.1%
AMWEST FUNDING CORP. $225,000 n/a 0.1%
DEEPHAVEN MORTGAGE LLC $225,000 n/a 0.1%
Bank of Utah $1,130,000 $220,000 -80.5% 0.1%
NEXERA HOLDING LLC $215,000 n/a 0.1%
Utah Mortgage Loan Corporation $320,000 $215,000 -32.8% 0.1%
GOLDENWEST $205,000 $205,000 0.0% 0.1%
University First Federal Credit Union $35,000 $200,000 471.4% 0.1%
OCMBC, INC. $215,000 $180,000 -16.3% 0.1%
BAY EQUITY LLC $145,000 $165,000 13.8% 0.1%
Central Bank $4,485,000 $165,000 -96.3% 0.1%
GRANITE FEDERAL CREDIT UNION $1,795,000 $165,000 -90.8% 0.1%
Coastal Community Bank $155,000 n/a 0.1%
Glacier Bank $2,230,000 $145,000 -93.5% 0.1%
UTAH FIRST $215,000 $105,000 -51.2% 0.1%
KeyBank $85,000 n/a 0.1%
CANVAS CREDIT UNION $75,000 n/a 0.0%
NAVY FEDERAL CREDIT UNION $315,000 $75,000 -76.2% 0.0%
PRIMARY RESIDENTIAL MORTGAGE, INC. $685,000 $65,000 -90.5% 0.0%
SECURITY SERVICE $340,000 $65,000 -80.9% 0.0%
ALLIANT CREDIT UNION $55,000 n/a 0.0%
Flagstar Bank, FSB $375,000 $45,000 -88.0% 0.0%
PNC Bank $610,000 $45,000 -92.6% 0.0%
CYPRUS Federal Credit Union $100,000 $25,000 -75.0% 0.0%

Vernal's top lender by overall market share is MOUNTAIN AMERICA, with 20.1% market share. In second place, with 14.0%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $23,080,000 in loans. In third place, with 11.1%, is GUILD MORTGAGE COMPANY, having originated $18,270,000 in loans. In fourth place, with 8.9%, is INTERCAP LENDING INC., having originated $14,695,000 in loans. In fifth place, with 6.1%, is Zions Bank, having originated $10,050,000 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 (2.3%) $202,383 (0.6%) 0.00 259
2018-02-01 $175,900 (5.9%) $208,633 (4.1%) 0.00 251
2018-03-01 $187,250 (13.5%) $216,863 (8.8%) 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 $200,000 (6.8%) $232,882 (7.4%) 0.00 225
2019-04-01 $212,500 (12.2%) $245,200 (12.0%) 0.00 227
2019-05-01 $219,950 (4.8%) $253,187 (9.5%) 0.00 256
2019-06-01 $225,500 (10.0%) $255,144 (11.3%) 0.00 266
2019-07-01 $224,950 (11.1%) $251,640 (8.6%) 0.00 270
2019-08-01 $214,427 (7.3%) $243,374 (6.8%) 0.00 265
2019-09-01 $206,143 (9.1%) $238,456 (5.1%) 0.00 259
2019-10-01 $207,770 (11.1%) $239,911 (5.9%) 0.00 238
2019-11-01 $215,000 (12.8%) $242,852 (7.7%) 0.00 214
2019-12-01 $212,750 (18.2%) $237,873 (7.6%) 0.00 199
2020-01-01 $210,000 (11.6%) $235,536 (7.0%) 0.00 196
2020-02-01 $215,500 (13.6%) $242,775 (9.9%) 0.00 201
2020-03-01 $218,700 (9.4%) $246,681 (5.9%) 0.00 171
2020-04-01 $223,750 (5.3%) $252,450 (3.0%) 0.00 180
2020-05-01 $209,000 (-5.0%) $238,545 (-5.8%) 0.00 201
2020-06-01 $209,725 (-7.0%) $236,215 (-7.4%) 0.00 196
2020-07-01 $207,500 (-7.8%) $239,248 (-4.9%) 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 (-15.7%) $217,488 (-9.4%) 0.00 164
2020-11-01 $168,625 (-21.6%) $228,548 (-5.9%) 0.00 129
2020-12-01 $175,575 (-17.5%) $239,349 (0.6%) 0.00 119
2021-01-01 $189,950 (-9.6%) $247,028 (4.9%) 0.00 110
2021-02-01 $194,200 (-9.9%) $229,128 (-5.6%) 0.00 109
2021-03-01 $197,500 (-9.7%) $251,774 (2.1%) 0.00 85
2021-04-01 $199,450 (-10.9%) $281,720 (11.6%) 0.00 86
2021-05-01 $229,950 (10.0%) $340,984 (42.9%) 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 $359,950 (28.6%) $453,612 (14.4%) 0.00 68
2022-08-01 $373,675 (33.8%) $474,897 (19.1%) 0.00 73
2022-09-01 $406,950 (53.0%) $505,842 (38.4%) 0.00 62
2022-10-01 $405,000 (33.9%) $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
2023-03-01 $381,975 (18.4%) $487,391 (6.3%) 0.00 38
2023-04-01 $510,000 (63.5%) $537,470 (10.0%) 0.00 46
2023-05-01 $504,500 (61.4%) $537,408 (21.1%) 0.00 49
2023-06-01 $471,450 (35.8%) $548,921 (19.7%) 0.00 62
2023-07-01 $440,000 (22.2%) $537,936 (18.6%) 0.00 64
2023-08-01 $424,925 (13.7%) $531,146 (11.8%) 0.00 62
2023-09-01 $405,900 (-0.3%) $538,567 (6.5%) 0.00 79
2023-10-01 $399,900 (-1.3%) $509,017 (-1.4%) 0.00 93
2023-11-01 $408,175 (4.2%) $505,157 (4.7%) 0.00 99
2023-12-01 $395,000 (-1.2%) $497,746 (5.2%) 0.00 93
2024-01-01 $391,225 (3.2%) $490,322 (7.3%) 0.00 77
2024-02-01 $427,500 (13.4%) $524,584 (12.3%) 0.00 72
2024-03-01 $484,000 (26.7%) $531,194 (9.0%) 0.00 69
2024-04-01 $474,500 (-7.0%) $531,347 (-1.1%) 0.00 69
2024-05-01 $488,500 (-3.2%) $546,675 (1.7%) 0.00 84
2024-06-01 $455,000 (-3.5%) $533,128 (-2.9%) 0.00 95
2024-07-01 $428,500 (-2.6%) $524,842 (-2.4%) 0.00 113
2024-08-01 $422,500 (-0.6%) $522,447 (-1.6%) 0.00 121
2024-09-01 $392,000 (-3.4%) $498,528 (-7.4%) 0.00 123
2024-10-01 $387,500 (-3.1%) $490,507 (-3.6%) 0.00 124
Vernal's median listing price for 2024-10-01 was $387,500, a difference of $-12,400 (-3.1%) versus the prior year and $-4,500 versus the prior month.

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

Vernal's average listing price for 2024-10-01 was $490,507, a difference of $-18,510 (-3.6%) versus the prior year and $-8,021 versus the prior month.

For the 2024-10-01 period, Vernal had 124 MLS listings, a difference of 1 listings (1%) versus the prior month and 31 listings (33%) 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 1,841 sqft
2019-04-01 0 days 1,941 sqft
2019-05-01 0 days 2,008 sqft
2019-06-01 0 days 2,080 sqft
2019-07-01 0 days 2,011 sqft
2019-08-01 0 days 1,940 sqft
2019-09-01 0 days 1,898 sqft
2019-10-01 0 days 1,901 sqft
2019-11-01 0 days 1,885 sqft
2019-12-01 0 days 1,906 sqft
2020-01-01 0 days 1,881 sqft
2020-02-01 0 days 1,888 sqft
2020-03-01 0 days 1,860 sqft
2020-04-01 0 days 1,891 sqft
2020-05-01 0 days 1,839 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 2,100 sqft
2022-09-01 0 days 2,336 sqft
2022-10-01 0 days 2,608 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
2023-03-01 0 days 2,550 sqft
2023-04-01 0 days 2,940 sqft
2023-05-01 0 days 3,000 sqft
2023-06-01 0 days 2,745 sqft
2023-07-01 0 days 2,696 sqft
2023-08-01 0 days 2,411 sqft
2023-09-01 0 days 2,401 sqft
2023-10-01 0 days 2,394 sqft
2023-11-01 0 days 2,420 sqft
2023-12-01 0 days 2,384 sqft
2024-01-01 0 days 2,450 sqft
2024-02-01 0 days 2,608 sqft
2024-03-01 0 days 2,774 sqft
2024-04-01 0 days 2,540 sqft
2024-05-01 0 days 2,568 sqft
2024-06-01 0 days 2,378 sqft
2024-07-01 0 days 2,239 sqft
2024-08-01 0 days 2,250 sqft
2024-09-01 0 days 2,142 sqft
2024-10-01 0 days 2,011 sqft
Vernal's median listing age (time on market) for 2024-10-01 was 0 days.

Vernal's median square footage for active listings during the 2024-10-01 period was 2,011 sqft. One year prior, the average listing was 2,394 sqft.

Vernal, UT Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 475 $115,595,000 $243,358
Other 109 $8,055,000 $73,899
Home Improvement 93 $9,355,000 $100,591
Refi 92 $16,520,000 $179,565
Cash Out Refi 81 $15,095,000 $186,358

Vernal's most frequently cited loan purpose was Home Purchase, with 475 originations. The 2nd most popular reason was Other, with 109 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 269 $71,665,000 $266,413
7-8% 268 $42,410,000 $158,246
Over 8% 195 $19,905,000 $102,077
5-6% 107 $28,515,000 $266,495
4-5% 8 $1,940,000 $242,500
<2.5% 1 $15,000 $15,000
3-4% 1 $5,000 $5,000

During 2023, Vernal's most frequently originated rate bucket was 6-7%, with 269 originations.

Loan Sizing (Vernal, UT MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 337 $96,465,000 $286,246
$100,000 or less 310 $13,610,000 $43,903
$100k-200k 136 $20,460,000 $150,441
$400k-600k 56 $26,280,000 $469,286
$600k-1000k 11 $7,805,000 $709,545

Vernal's loan sizing saw the bucket of loans from $200k-400k with 337 originations, totaling $96,465,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 309 $95,885,000 $310,307
Under 20% 239 $9,245,000 $38,682
20-40% 128 $14,810,000 $115,703
60-80% 111 $30,365,000 $273,559
40-60% 54 $11,070,000 $205,000
Over 100% 7 $2,705,000 $386,429

Vernal's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 309 originations, totaling $95,885,000 in origination value.