Vernal Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Vernal averaged
7.04%
for the week of 2025-06-18, compared to the national average of
6.81% for the same period.
The average rate for the prior week (2025-06-12) was
7.17% and
one month ago for the week of 2025-05-15, the
average rate was 6.84%.
Vernal's average rate one year ago was 6.88%.
For refis of the same type during the week of 2025-06-18, the average rate
was 6.91%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2025-06-18 | 6.81% |
| Vernal 30 Year Fixed Rate | 2025-06-18 | 7.04% |
| Vernal 30 Year Fixed Rate Refi | 2025-06-18 | 6.91% |
| Vernal 15 Year Fixed Rate | 2025-06-18 | 6.06% |
| Vernal 15 Year Fixed Rate Refi | 2025-06-18 | 6.16% |
| Vernal 30 Year FHA | 2025-06-18 | -0.14% |
| Vernal 30 Year FHA Refi | 2025-06-18 | -0.1% |
| Vernal 30 Year USDA | 2025-06-18 | 0.1% |
| Vernal 30 Year USDA Refi | 2025-06-18 | 0% |
| Vernal 30 Year VA | 2025-06-18 | -0.2% |
| Vernal 30 Year VA Refi | 2025-06-18 | 0% |
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.).
Vernal Average Closing Costs & Other Stats
Vernal, UT's 51 lenders originated 889
loans during 2024. The total origination value was $182,775,000, with an average loan value of
$205,596.
Vernal's average closing costs are $6,585.
The top Vernal lender as defined by loan originations is MOUNTAIN AMERICA, with
28 loans originated. Their average total fees are
$6,181, which is $1,048
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Vernal lenders (with over 10 loans originated) are
MOUNTAIN AMERICA ($6,181), QUICKEN LOANS, LLC ($6,628), UNITED WHOLESALE MORTGAGE, LLC ($7,229), GUILD MORTGAGE COMPANY ($9,341) and .
The lowest rate Vernal lenders (with over 10 loans originated) are
MOUNTAIN AMERICA (6.48%), UNITED WHOLESALE MORTGAGE, LLC (6.62%), QUICKEN LOANS, LLC (6.85%), GUILD MORTGAGE COMPANY (7.06%) 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 | 2023 Loan Value | 2024 Loan Value | % Change | 2024 Market Share |
|---|---|---|---|---|
| MOUNTAIN AMERICA | $33,050,000 | $39,310,000 | 18.9% | 21.5% |
| GUILD MORTGAGE COMPANY | $18,270,000 | $30,600,000 | 67.5% | 16.7% |
| UNITED WHOLESALE MORTGAGE, LLC | $23,080,000 | $17,575,000 | -23.9% | 9.6% |
| INTERCAP LENDING INC. | $14,695,000 | $9,965,000 | -32.2% | 5.5% |
| Zions Bank | $10,050,000 | $8,105,000 | -19.4% | 4.4% |
| QUICKEN LOANS, LLC | $4,330,000 | $7,150,000 | 65.1% | 3.9% |
| Bank of Utah | $220,000 | $6,805,000 | 2,993.2% | 3.7% |
| Plains Commerce Bank | $2,520,000 | $4,390,000 | 74.2% | 2.4% |
| Century Mortgage Company DBA Century Lending Company | $1,515,000 | $3,275,000 | 116.2% | 1.8% |
| FIRST COLONY MORTGAGE CORPORATION | $4,400,000 | $3,025,000 | -31.3% | 1.7% |
| FREEDOM MORTGAGE CORPORATION | $1,825,000 | $2,990,000 | 63.8% | 1.6% |
| The Loan Store, Inc. | $620,000 | $2,975,000 | 379.8% | 1.6% |
| Mortgage Research Center, LLC | $2,195,000 | $2,500,000 | 13.9% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $1,870,000 | $2,240,000 | 19.8% | 1.2% |
| Northpointe Bank | $2,105,000 | $2,080,000 | -1.2% | 1.1% |
| CASTLE & COOKE MORTGAGE, LLC | $1,590,000 | $1,590,000 | 0.0% | 0.9% |
| NEWREZ LLC | $4,105,000 | $1,415,000 | -65.5% | 0.8% |
| AMERICA FIRST | $1,190,000 | $1,295,000 | 8.8% | 0.7% |
| GUARANTEED RATE AFFINITY, LLC | $1,225,000 | $1,265,000 | 3.3% | 0.7% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $315,000 | $1,230,000 | 290.5% | 0.7% |
| LOANDEPOT.COM, LLC | $1,825,000 | $1,195,000 | -34.5% | 0.7% |
| Sierra Pacific Mortgage Company, Inc. | $535,000 | $1,145,000 | 114.0% | 0.6% |
| U.S. Bank | $305,000 | $1,095,000 | 259.0% | 0.6% |
| Utah Power | $1,025,000 | $1,080,000 | 5.4% | 0.6% |
| NBH Bank | $1,000,000 | n/a | 0.5% | |
| UTAH COMMUNITY | $995,000 | n/a | 0.5% | |
| Mr. Cooper ( Nationstar Mortgage ) | $400,000 | $945,000 | 136.3% | 0.5% |
| Ixonia Bank | $915,000 | n/a | 0.5% | |
| Citadel Servicing Corporation | $315,000 | $880,000 | 179.4% | 0.5% |
| Paramount Residential Mortgage Group, Inc. | $830,000 | n/a | 0.5% | |
| Equity Prime Mortgage LLC | $795,000 | n/a | 0.4% | |
| SECURITYNATIONAL MORTGAGE COMPANY | $1,315,000 | $735,000 | -44.1% | 0.4% |
| The Federal Savings Bank | $700,000 | n/a | 0.4% | |
| VILLAGE CAPITAL MORTGAGE | $740,000 | $700,000 | -5.4% | 0.4% |
| Wells Fargo Bank | $430,000 | $675,000 | 57.0% | 0.4% |
| OCMBC, INC. | $180,000 | $665,000 | 269.4% | 0.4% |
| CARDINAL FINANCIAL | $1,900,000 | $585,000 | -69.2% | 0.3% |
| CROSSCOUNTRY MORTGAGE, LLC | $1,365,000 | $560,000 | -59.0% | 0.3% |
| CMG MORTGAGE, INC. | $305,000 | $545,000 | 78.7% | 0.3% |
| QUORUM FEDERAL CREDIT UNION | $545,000 | n/a | 0.3% | |
| Commerce Home Mortgage, Inc. | $535,000 | n/a | 0.3% | |
| RANLIFE, INC. | $490,000 | $535,000 | 9.2% | 0.3% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $530,000 | n/a | 0.3% | |
| Grand Valley Bank | $1,315,000 | $505,000 | -61.6% | 0.3% |
| Firstrust Savings Bank | $475,000 | n/a | 0.3% | |
| Carrington Mortgage Services, LLC | $450,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $435,000 | n/a | 0.2% | |
| MUTUAL OF OMAHA MORTGAGE, INC. | $430,000 | n/a | 0.2% | |
| PLANET HOME LENDING, LLC | $425,000 | n/a | 0.2% | |
| Flagstar Bank, FSB | $45,000 | $420,000 | 833.3% | 0.2% |
| 21ST MORTGAGE CORPORATION | $345,000 | $415,000 | 20.3% | 0.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $375,000 | $415,000 | 10.7% | 0.2% |
| Bank of England | $385,000 | $405,000 | 5.2% | 0.2% |
| Central Bank | $165,000 | $395,000 | 139.4% | 0.2% |
| MOVEMENT MORTGAGE, LLC | $365,000 | n/a | 0.2% | |
| Figure Lending LLC | $360,000 | n/a | 0.2% | |
| SUN WEST MORTGAGE COMPANY, INC. | $345,000 | n/a | 0.2% | |
| VAN DYK MORTGAGE CORPORATION | $345,000 | n/a | 0.2% | |
| NAVY FEDERAL CREDIT UNION | $75,000 | $340,000 | 353.3% | 0.2% |
| HOMEXPRESS MORTGAGE CORP. | $335,000 | n/a | 0.2% | |
| Magnolia Bank | $335,000 | n/a | 0.2% | |
| Luxury Mortgage Corp. | $325,000 | n/a | 0.2% | |
| SECURITY HOME MORTGAGE, LLC. | $960,000 | $325,000 | -66.1% | 0.2% |
| AMERISAVE MORTGAGE CORPORATION | $315,000 | n/a | 0.2% | |
| CYPRUS Federal Credit Union | $25,000 | $305,000 | 1,120.0% | 0.2% |
| LADERA LENDING, INC. | $295,000 | $305,000 | 3.4% | 0.2% |
| ZILLOW HOME LOANS, LLC | $295,000 | n/a | 0.2% | |
| JMAC LENDING, INC. | $270,000 | $285,000 | 5.6% | 0.2% |
| BROKER SOLUTIONS, INC. | $1,185,000 | $265,000 | -77.6% | 0.1% |
| OPEN MORTGAGE, LLC | $265,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL RESOURCES, INC. | $255,000 | n/a | 0.1% | |
| LONGBRIDGE FINANCIAL, LLC | $250,000 | n/a | 0.1% | |
| LOANPAL, LLC | $600,000 | $225,000 | -62.5% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $215,000 | n/a | 0.1% | |
| LENDSURE MORTGAGE CORP. | $215,000 | n/a | 0.1% | |
| GARDNER FINANCIAL SERVICES, LTD. | $205,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $195,000 | n/a | 0.1% | |
| PHH Mortgage Corporation | $195,000 | n/a | 0.1% | |
| DOMINION FINANCIAL SERVICES, LLC | $185,000 | n/a | 0.1% | |
| JPMorgan Chase Bank | $395,000 | $185,000 | -53.2% | 0.1% |
| ON Q FINANCIAL, INC. | $185,000 | n/a | 0.1% | |
| UTAH FIRST | $105,000 | $180,000 | 71.4% | 0.1% |
| Discover Bank | $930,000 | $175,000 | -81.2% | 0.1% |
| GUARANTEED RATE, INC. | $175,000 | n/a | 0.1% | |
| VERITAS FUNDING, LLC | $175,000 | n/a | 0.1% | |
| GEORGIA'S OWN | $160,000 | n/a | 0.1% | |
| CHARTWAY FEDERAL CREDIT UNION | $155,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $155,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $55,000 | $150,000 | 172.7% | 0.1% |
| GMFS LLC | $135,000 | n/a | 0.1% | |
| RAILWAY CREDIT UNION | $125,000 | n/a | 0.1% | |
| Deseret First Credit Union | $875,000 | $110,000 | -87.4% | 0.1% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $105,000 | n/a | 0.1% | |
| GOLDENWEST | $205,000 | $95,000 | -53.7% | 0.1% |
| PNC Bank | $45,000 | $85,000 | 88.9% | 0.0% |
| COLORAMO | $65,000 | n/a | 0.0% |
Vernal's top lender by overall market share is MOUNTAIN AMERICA, with 21.5% market share. In second place, with 16.7%, is GUILD MORTGAGE COMPANY, having originated $30,600,000 in loans. In third place, with 9.6%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $17,575,000 in loans. In fourth place, with 5.5%, is INTERCAP LENDING INC., having originated $9,965,000 in loans. In fifth place, with 4.4%, is Zions Bank, having originated $8,105,000 in loans.
Vernal, UT Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 435 | $107,575,000 | $247,299 |
| Refi | 143 | $32,935,000 | $230,315 |
| Cash Out Refi | 123 | $25,935,000 | $210,854 |
| Other | 99 | $8,055,000 | $81,364 |
| Home Improvement | 89 | $8,275,000 | $92,978 |
Vernal's most frequently cited loan purpose was Home Purchase, with 435 originations. The 2nd most popular reason was Refi, with 143 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 278 | $75,890,000 | $272,986 |
| Over 8% | 232 | $27,830,000 | $119,957 |
| 7-8% | 208 | $32,330,000 | $155,433 |
| 5-6% | 154 | $44,260,000 | $287,403 |
| <2.5% | 5 | $325,000 | $65,000 |
| 4-5% | 5 | $1,265,000 | $253,000 |
| 3-4% | 2 | $10,000 | $5,000 |
During 2024, Vernal's most frequently originated rate bucket was 6-7%, with 278 originations.
Loan Sizing (Vernal, UT MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 373 | $108,445,000 | $290,737 |
| $100,000 or less | 296 | $13,860,000 | $46,824 |
| $100k-200k | 143 | $21,385,000 | $149,545 |
| $400k-600k | 65 | $30,035,000 | $462,077 |
| $600k-1000k | 12 | $9,050,000 | $754,167 |
Vernal's loan sizing saw the bucket of loans from $200k-400k with 373 originations, totaling $108,445,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 324 | $101,240,000 | $312,469 |
| Under 20% | 235 | $9,795,000 | $41,681 |
| 20-40% | 126 | $15,010,000 | $119,127 |
| 60-80% | 120 | $36,530,000 | $304,417 |
| 40-60% | 56 | $11,790,000 | $210,536 |
| Over 100% | 9 | $2,855,000 | $317,222 |
Vernal's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 324 originations, totaling $101,240,000 in origination value.