Utah VA Loan Rates, Closing Costs & Stats

Utah

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    • A VA loan is a mortgage loan that’s backed by the Department of Veterans Affairs (VA) for those who have served or are presently serving in the U.S. military. The VA does not directly lend, it guarantees the loans made by private lenders to veterans, active military personnel, and qualifying military spouses.

    The most obvious benefit of VA loans is that no downpayment is necessary to purchase a home. They will also typically have significantly lower fees-- meaning that if you're eligible to receive a VA loan, it will likely be the most favorable option. VA loans come in 3 varities: purchase, refinance and cash out refis.

    For additional benefits of VA loans, click here.

    Utah VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Utah averaged -0.07% for the week of 2024-11-15, compared to the national average (all VA variants) of 0% for the same period.

    Utah's average VA mortgage closing costs are $7,320.

    The average rate for the prior week (2024-11-08) was 6.54% and one month ago for the week of 2024-10-11, the average rate was 6.11%.

    The average rate one year ago was 7.3%.

    For refis of the same type during the week of 2024-11-15, the average rate was 0.2%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Utah VA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for VA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Utah level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 557 6.12% $9,290
    Mortgage Research Center, LLC 214 6.47% $7,858
    INTERCAP LENDING INC. 189 6.32% $9,870
    QUICKEN LOANS, LLC 130 6.08% $14,618
    FIRST COLONY MORTGAGE CORPORATION 82 6.05% $9,000
    ACADEMY MORTGAGE CORPORATION 70 6.43% $11,799
    PENNYMAC LOAN SERVICES, LLC 67 5.91% $14,169
    GUILD MORTGAGE COMPANY 61 6.18% $15,029
    DHI MORTGAGE COMPANY, LTD. 61 5.87% $9,464
    FREEDOM MORTGAGE CORPORATION 59 6.48% $19,663
    The Federal Savings Bank 55 6.39% $23,022
    CITYWIDE HOME LOANS, LLC 55 5.91% $12,579
    NAVY FEDERAL CREDIT UNION 46 5.77% $6,735
    AMERICAN PACIFIC MORTGAGE CORPORATION 45 6.54% $10,641
    CARDINAL FINANCIAL 42 6.32% $14,605
    NEWREZ LLC 41 6.12% $12,376
    USAA Federal Savings Bank 41 6.19% $9,331
    VILLAGE CAPITAL MORTGAGE 39 5.96% $14,728
    SECURITYNATIONAL MORTGAGE COMPANY 34 6.40% $17,911
    Plains Commerce Bank 33 5.99% $13,849
    BROKER SOLUTIONS, INC. 31 6.26% $13,550
    LOANDEPOT.COM, LLC 29 5.93% $16,622
    CROSSCOUNTRY MORTGAGE, LLC 28 6.63% $10,114
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 28 6.62% $8,929
    MY MOVE MORTGAGE, LLC 26 6.26% $15,422
    SECURITY HOME MORTGAGE, LLC. 26 6.12% $8,731
    Century Mortgage Company DBA Century Lending Company 25 6.21% $9,260
    GUARANTEED RATE, INC. 25 5.77% $8,655
    RANLIFE, INC. 23 6.14% $14,409
    INSPIRE HOME LOANS INC. 21 5.46% $10,347
    Bank of Utah 19 6.18% $8,606
    AMERICAN FINANCIAL NETWORK, INC. 18 6.03% $7,599
    PRIMARY RESIDENTIAL MORTGAGE, INC. 17 6.52% $15,115
    Barrington Bank & Trust Company, N.A. 17 6.35% $18,857
    SUN AMERICAN MORTGAGE COMPANY 17 6.09% $13,051
    NBKC BANK 17 5.66% $8,994
    VERITAS FUNDING, LLC 15 6.08% $13,318
    Mr. Cooper ( Nationstar Mortgage ) 14 5.88% $23,807
    Paramount Residential Mortgage Group, Inc. 14 6.33% $11,695
    CASTLE & COOKE MORTGAGE, LLC 14 6.01% $12,684
    HOMEAMERICAN MORTGAGE CORPORATION 14 5.32% $4,815
    Sierra Pacific Mortgage Company, Inc. 12 5.53% $10,955
    MOUNTAIN AMERICA 11 6.43% $8,371
    Wells Fargo Bank 11 5.41% $6,000
    DIRECT MORTGAGE, CORP. 11 6.20% $17,730
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.64% $6,661
    PLAZA HOME MORTGAGE, INC. 11 6.77% $10,063
    NEST HOME LENDING, LLC 11 5.37% $7,669
    AMERICA FIRST 10 6.30% $7,242
    JPMorgan Chase Bank 10 6.21% $4,682
    EAGLE HOME MORTGAGE, LLC 10 5.08% $7,614
    LAKEVIEW LOAN SERVICING, LLC 10 6.14% $10,941
    GOLDENWEST 10 6.31% $9,307
    ON Q FINANCIAL, INC. 9 6.69% $11,982
    Northpointe Bank 9 6.39% $6,100
    Magnolia Bank 9 6.35% $23,093
    American Mortgage & Equity Consultants, Inc. 8 6.70% $12,263
    CMG MORTGAGE, INC. 8 5.84% $12,891
    SUN WEST MORTGAGE COMPANY, INC. 8 6.19% $10,022
    MUTUAL OF OMAHA MORTGAGE, INC. 8 6.30% $15,185
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 8 6.75% $13,528
    MORTGAGEONE, INC. 7 7.00% $8,373
    PENTAGON FEDERAL CREDIT UNION 7 5.21% $8,003
    CANOPY MORTGAGE, LLC 7 6.16% $12,755
    U.S. Bank 6 6.25% $11,167
    AMERISAVE MORTGAGE CORPORATION 6 5.40% $19,334
    AXIA FINANCIAL, LLC 6 6.04% $14,133
    CORNERSTONE HOME LENDING, INC. 6 6.21% $7,946
    GUARANTEED RATE AFFINITY, LLC 6 6.83% $6,740
    Equity Prime Mortgage LLC 5 6.88% $18,591
    Flagstar Bank, FSB 5 6.60% $10,081
    BELEM SERVICING LLC 5 6.90% $3,328
    Utah Mortgage Loan Corporation 4 5.88% $7,976
    CLM MORTGAGE, INC 4 6.28% $11,959
    PLANET HOME LENDING, LLC 4 6.47% $7,000
    VAN DYK MORTGAGE CORPORATION 4 6.40% $5,984
    BNC National Bank 3 5.42% $12,049
    Bank of England 3 6.46% $11,779
    BAY EQUITY LLC 3 6.42% $11,335
    Cache Valley Bank 3 5.54% $15,396
    CHERRY CREEK MORTGAGE, LLC 3 6.04% $3,228
    CONTOUR MORTGAGE CORPORATION 3 6.88% $13,660
    EVERETT FINANCIAL, INC. 3 6.00% $14,031
    Glacier Bank 3 6.00% $21,983
    J. VIRGIL, INC. 3 5.83% $9,771
    MASON MCDUFFIE MORTGAGE CORPORATION 3 6.92% $14,853
    MORTGAGE SOLUTIONS OF COLORADO, LLC 3 7.38% $7,113
    MOVEMENT MORTGAGE, LLC 3 6.42% $13,857
    NATIONS RELIABLE LENDING, LLC 3 5.87% $9,922
    PREMIA MORTGAGE, LLC 3 5.75% $6,563
    UNION HOME MORTGAGE CORP. 3 6.00% $11,723
    Zions Bank 3 5.88% $5,023
    TOP FLITE FINANCIAL, INC. 2 7.38% $19,894
    SIRVA MORTGAGE, INC. 2 5.81% $10,267
    Presidential Bank, FSB 2 6.31% $9,678
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 7.00% $18,272
    CITY FIRST MORTGAGE SERVICES, L.L.C. 2 5.63% $18,333
    S1L, Inc. 2 6.31% $16,453
    SWBC MORTGAGE CORPORATION 2 5.50% $15,369
    Ameris Bank 2 5.25% $3,619
    CYPRUS Federal Credit Union 2 6.75% $6,655
    GENEVA FINANCIAL, LLC 2 7.31% $3,274
    CHURCHILL MORTGAGE CORPORATION 2 6.88% $10,414
    Servion, Inc. 2 6.75% $7,205
    Network Funding, L.P. 2 6.50% $19,166
    LOANPAL, LLC 2 5.88% $14,889
    LADERA LENDING, INC. 2 6.88% $12,815
    First Interstate Bank 1 5.25% $10,810
    First Federal Bank 1 6.50% $2,563
    Encompass Lending Group, LP 1 7.25% $4,202
    DRAPER AND KRAMER MORTGAGE CORP. 1 5.63% $7,074
    Regions Bank 1 7.00% $9,505
    CRESCENT MORTGAGE COMPANY 1 6.50% $6,084
    Cornerstone First Mortgage, Inc 1 5.25% $64,557
    SOVEREIGN LENDING GROUP INCORPORATED 1 5.25% $15,427
    State Bank of Southern Utah 1 6.75% $9,413
    Citizens Bank 1 7.13% $6,862
    TBI MORTGAGE COMPANY 1 6.63% $3,997
    The Central Trust Bank 1 5.13% $2,851
    The Huntington National Bank 1 5.88% $617
    The Loan Store, Inc. 1 5.63% $7,670
    Truist 1 5.75% $14,666
    WRIGHT-PATT CREDIT UNION, INC. 1 6.63% $8,738
    Carrington Mortgage Services, LLC 1 2.60% $6,054
    CALIBER HOME LOANS, INC. 1 6.25% $37,447
    CALCON MUTUAL MORTGAGE LLC 1 5.75% $4,759
    Armed Forces Bank 1 7.00% $2,927
    V.I.P. MORTGAGE, INC. 1 7.13% $3,599
    Victorian Finance, LLC 1 5.75% $17,134
    MORIA DEVELOPMENT, INC. 1 7.13% $12,418
    AMERICAN FINANCING CORPORATION 1 5.50% $8,164
    Mid-Continent Funding, Inc. 1 5.63% $29,772
    AMERICAN INTERNET MORTGAGE, INC. 1 5.13% $11,154
    KeyBank 1 6.88% $11,082
    NBH Bank 1 6.62% $6,557
    KELLER MORTGAGE, LLC 1 5.25% $11,099
    HOMESIDE FINANCIAL, LLC 1 6.63% $14,819
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.75% $9,658
    NFM, INC. 1 6.50% $6,977
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.75% $23,128
    Guaranty Bank & Trust, N.A. 1 6.75% $7,762
    GREENSTATE CREDIT UNION 1 6.75% $7,405
    GoPrime Mortgage, Inc. 1 6.75% $3,445
    Gateway First Bank 1 6.63% $9,763
    GARDNER FINANCIAL SERVICES, LTD. 1 5.88% $29,048
    First Savings Bank 1 5.50% $15,588
    AMCAP MORTGAGE, LTD. 1 7.13% $7,356

    The top Utah VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 557 VA loans originated. Their average total fees are $9,290, which is $1,432 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Utah VA lenders (with over 10 loans originated) are JPMorgan Chase Bank ($4,682), HOMEAMERICAN MORTGAGE CORPORATION ($4,815), Wells Fargo Bank ($6,000), PRIMELENDING, A PLAINSCAPITAL COMPANY ($6,661) and NAVY FEDERAL CREDIT UNION ($6,735).

    The lowest rate Utah VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.08%), HOMEAMERICAN MORTGAGE CORPORATION (5.32%), NEST HOME LENDING, LLC (5.37%), Wells Fargo Bank (5.41%) and INSPIRE HOME LOANS INC. (5.46%).

    VA Loan Features

  • No down payment required
  • Negotiable and competitive interest rate.
  • Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5 percent and exemption for veterans receiving VA compensation).
  • VA rules limit the amount you can be charged for closing costs.
  • Closing costs are comparable with other financing types (and may be lower).
  • Closing costs may be paid by the seller.
  • No private mortgage insurance premiums are required.
  • An assumable mortgage.
  • Right to prepay your mortgage without penalty.
  • For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder.
  • VA assistance to veteran borrowers in default due to temporary financial difficulty.