Vernal Mortgage Rates & Closing Costs

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

    30 Year Fixed Rate mortgages in Vernal averaged 6.73% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 7.04% and one month ago for the week of 2024-10-10, the average rate was 6.57%.

    Vernal's average rate one year ago was 7.75%.

    For refis of the same type during the week of 2024-11-14, the average rate was 6.88%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Vernal 30 Year Fixed Rate 2024-11-14 6.73%
    Vernal 30 Year Fixed Rate Refi 2024-11-14 6.88%
    Vernal 15 Year Fixed Rate 2024-11-14 5.89%
    Vernal 15 Year Fixed Rate Refi 2024-11-14 5.89%
    Vernal 30 Year FHA 2024-11-14 0.17%
    Vernal 30 Year FHA Refi 2024-11-14 -0.2%
    Vernal 30 Year USDA 2024-11-14 0%
    Vernal 30 Year USDA Refi 2024-11-14 0.2%
    Vernal 30 Year VA 2024-11-14 0.1%
    Vernal 30 Year VA Refi 2024-11-14 0.1%
    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.