Vernal Mortgage Rates & Closing Costs
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% |
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 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. LouisDate | 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 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. LouisDate | 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 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.