Utah VA Loan Rates, Closing Costs & Stats

Utah

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 6.01% for the week of 2023-01-27, compared to the national average (all VA variants) of 5.952% for the same period.

Utah's average VA mortgage closing costs are $6,533.

The average rate for the prior week (2023-01-20) was 6.24% and one month ago for the week of 2022-12-23, the average rate was 6.31%.

The average rate one year ago was 3.91%.

For refis of the same type during the week of 2023-01-27, the average rate was 6.25%.

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 2021 Avg. 30yFix Rate 2021 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 1,091 2.50% $7,064
QUICKEN LOANS, LLC 939 2.42% $6,123
FREEDOM MORTGAGE CORPORATION 729 2.43% $3,160
PENNYMAC LOAN SERVICES, LLC 676 2.38% $6,967
Mortgage Research Center, LLC 531 2.79% $8,297
INTERCAP LENDING INC. 475 2.74% $8,553
VILLAGE CAPITAL MORTGAGE 395 2.22% $4,684
HOME POINT FINANCIAL CORPORATION 366 2.44% $7,394
The Federal Savings Bank 319 2.54% $9,893
LOANDEPOT.COM, LLC 278 2.48% $5,180
FIRST COLONY MORTGAGE CORPORATION 261 2.65% $7,593
CALIBER HOME LOANS, INC. 249 2.60% $6,963
ACADEMY MORTGAGE CORPORATION 232 2.81% $10,516
LAKEVIEW LOAN SERVICING, LLC 187 2.47% $2,346
GUILD MORTGAGE COMPANY 174 2.63% $7,670
Low VA Rates, LLC 157 2.42% $5,638
Mr. Cooper ( Nationstar Mortgage ) 152 2.66% $4,699
NEWREZ LLC 152 2.61% $5,621
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP 148 2.78% $10,084
BROKER SOLUTIONS, INC. 143 2.66% $7,205
CITYWIDE HOME LOANS, LLC 142 2.78% $8,985
USAA Federal Savings Bank 141 2.84% $4,316
SECURITYNATIONAL MORTGAGE COMPANY 136 2.72% $10,603
AMERICAN PACIFIC MORTGAGE CORPORATION 132 2.66% $9,708
NAVY FEDERAL CREDIT UNION 130 2.45% $6,531
Wells Fargo Bank 120 2.52% $4,067
CANOPY MORTGAGE, LLC 118 2.41% $7,873
RANLIFE, INC. 115 2.69% $10,044
VERITAS FUNDING, LLC 97 2.59% $8,296
SECURITY HOME MORTGAGE, LLC. 93 2.54% $8,087
GUARANTEED RATE, INC. 87 2.53% $7,468
CROSSCOUNTRY MORTGAGE, LLC 85 2.81% $11,988
MY MOVE MORTGAGE, LLC 73 2.60% $8,343
GOLDENWEST 72 2.33% $6,563
SUN WEST MORTGAGE COMPANY, INC. 70 2.39% $5,023
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 69 2.89% $7,976
MOUNTAIN AMERICA 67 2.44% $7,293
Barrington Bank & Trust Company, N.A. 66 2.73% $6,503
AMERICAN FINANCIAL NETWORK, INC. 66 2.56% $8,844
DIRECT MORTGAGE, CORP. 60 2.54% $10,160
AMERICAN FINANCING CORPORATION 60 2.48% $8,521
Magnolia Bank 56 2.40% $8,564
STEARNS LENDING, LLC 53 2.52% $7,312
SUN AMERICAN MORTGAGE COMPANY 53 2.88% $7,710
AMERISAVE MORTGAGE CORPORATION 50 2.50% $8,143
North American Savings Bank, F.S.B. 49 2.31% $3,429
LOANPAL, LLC 46 2.40% $9,578
NBKC BANK 46 2.46% $5,181
PRIMARY RESIDENTIAL MORTGAGE, INC. 45 2.96% $9,113
AMERICA FIRST 43 2.45% $7,238
DHI MORTGAGE COMPANY, LTD. 41 2.55% $7,127
GUARANTEED RATE AFFINITY, LLC 39 2.47% $7,299
Bank of Utah 39 2.64% $7,532
BELEM SERVICING LLC 37 2.74% $7,767
CHERRY CREEK MORTGAGE, LLC 35 2.59% $4,965
SOVEREIGN LENDING GROUP INCORPORATED 34 2.56% $9,260
PENTAGON FEDERAL CREDIT UNION 33 2.42% $4,307
HOMEAMERICAN MORTGAGE CORPORATION 33 2.54% $6,973
VAN DYK MORTGAGE CORPORATION 32 2.68% $8,968
Network Funding, L.P. 29 2.86% $9,206
Northpointe Bank 27 2.64% $8,874
First Federal Bank 27 2.95% $14,693
Flagstar Bank, FSB 26 2.68% $7,936
BNC National Bank 25 2.33% $4,914
SWBC MORTGAGE CORPORATION 25 2.92% $7,697
CMG MORTGAGE, INC. 25 2.64% $10,725
Gateway First Bank 24 2.72% $9,360
First Guaranty Mortgage Corporation 21 2.48% $3,573
NBH Bank 20 2.54% $9,962
FINANCE OF AMERICA MORTGAGE LLC 20 2.52% $6,491
HOMEBRIDGE FINANCIAL SERVICES, INC. 20 2.54% $10,734
Strong Home Mortgage, LLC 19 2.30% $8,930
Carrington Mortgage Services, LLC 18 2.88% $5,514
KS StateBank 18 2.33% $3,582
Utah Mortgage Loan Corporation 18 2.72% $8,620
CITY FIRST MORTGAGE SERVICES, L.L.C. 18 2.69% $6,148
INSPIRE HOME LOANS INC. 17 2.67% $13,516
Century Mortgage Company DBA Century Lending Company 17 2.69% $6,492
UTAH COMMUNITY 17 2.60% $7,261
Zions Bancorporation, N.A. 16 2.36% $5,242
MOVEMENT MORTGAGE, LLC 16 2.91% $9,257
CELEBRITY HOME LOANS, LLC 15 2.97% $10,399
BAY EQUITY LLC 15 3.01% $12,024
PRIMELENDING, A PLAINSCAPITAL COMPANY 15 3.04% $9,443
MID AMERICA MORTGAGE, INC. 14 2.69% $2,628
HOMESIDE FINANCIAL, LLC 13 2.64% $8,037
CYPRUS Federal Credit Union 13 2.58% $6,787
Mid-Continent Funding, Inc. 13 2.62% $5,999
PLAZA HOME MORTGAGE, INC. 13 2.52% $4,476
PANORAMA MORTGAGE GROUP, LLC 12 2.97% $7,759
First Home Bank 12 2.54% $5,371
EVERETT FINANCIAL, INC. 12 3.13% $6,128
Cache Valley Bank 12 2.41% $5,313
EVERLEND MORTGAGE COMPANY 11 2.85% $11,068
NEST HOME LENDING, LLC 11 2.90% $8,822
MORTGAGEONE, INC. 10 2.38% $8,329
Wyndham Capital Mortgage, Inc. 10 2.34% $4,387
UNITED SECURITY FINANCIAL CORP 10 2.18% $5,130
Nations Lending Corporation 9 2.54% $9,300
Paramount Residential Mortgage Group, Inc. 9 2.65% $7,884
CORNERSTONE HOME LENDING, INC. 9 2.93% $7,007
First Savings Bank 9 2.39% $2,594
Meridian Bank Corporation 9 2.44% $5,740
Florida Capital Bank 9 2.53% $6,034
NATIONS RELIABLE LENDING, LLC 8 3.55% $7,893
Capital Bank 8 2.27% $4,187
The Central Trust Bank 8 2.30% $7,050
Bank of England 7 2.52% $8,594
PREMIA MORTGAGE, LLC 7 2.59% $5,159
AXIA FINANCIAL, LLC 7 2.71% $9,528
J. VIRGIL, INC. 7 3.11% $14,957
MORIA DEVELOPMENT, INC. 7 3.13% $5,342
EAGLE HOME MORTGAGE, LLC 7 2.59% $9,431
Glacier Bank 7 2.77% $7,642
S1L, Inc. 7 2.66% $10,223
LEADERONE FINANCIAL CORPORATION 6 2.83% $7,214
Watermark Capital, Inc. 6 2.35% $2,293
NP, Inc. 6 2.29% $4,267
Goldwater Bank, N.A. 5 2.73% $6,130
U.S. Bank 5 2.80% $7,620
Plains Commerce Bank 5 2.48% $7,056
Equity Prime Mortgage LLC 5 3.15% $8,370
KELLER MORTGAGE, LLC 4 2.81% $9,159
MUTUAL OF OMAHA MORTGAGE, INC. 4 2.41% $2,987
FirstBank 4 2.34% $1,632
Paramount Bank 4 2.66% $10,409
Citizens Bank 4 2.50% $6,740
Texana Bank 4 2.69% $8,611
Hometown Lenders, Inc. 4 3.31% $12,370
Blue Ridge Bank 4 2.56% $2,918
D. L. Evans Bank 3 2.75% $3,617
LENDUS, LLC 3 2.88% $5,669
Willamette Valley Bank 3 2.58% $9,865
First Internet Bank of Indiana 3 2.38% $2,538
M&T Bank 3 3.25% $7,904
JPMorgan Chase Bank 3 2.92% $13,982
LENOX FINANCIAL MORTGAGE CORPORATION 3 2.88% $12,855
JMJ FINANCIAL GROUP 3 2.58% $4,563
CRESCENT MORTGAGE COMPANY 3 2.50% $12,548
GENEVA FINANCIAL, LLC 3 2.50% $8,955
Amerifirst Financial, Inc. 3 2.79% $10,255
PHH Mortgage Corporation 3 2.79% $15,282
First Federal Bank of Kansas City 3 2.29% $3,357
EMBRACE HOME LOANS, INC. 2 2.81% $11,488
MANN FINANCIAL INC. 2 2.44% $4,232
MORTGAGE SOLUTIONS OF COLORADO, LLC 2 3.00% $14,224
MOUNTAIN WEST FINANCIAL, INC. 2 2.75% $14,833
Eagle Bank and Trust Company 2 2.44% $2,272
OAKTREE FUNDING CORP. 2 2.44% $20,480
OCMBC, INC. 2 2.25% $10,634
PARKSIDE LENDING, LLC 2 2.25% $8,115
Commerce Home Mortgage, Inc. 2 2.63% $9,985
CHURCHILL MORTGAGE CORPORATION 2 3.00% $19,755
SIRVA MORTGAGE, INC. 2 2.88% $5,371
SRE MORTGAGE ALLIANCE INC. 2 2.44% $2,987
BECKAM FUNDING CORP. 2 2.25% $5,990
Sunflower Bank 2 2.62% $21,444
Victorian Finance, LLC 2 2.75% $9,844
AMERICAN FINANCIAL RESOURCES, INC. 2 3.31% $4,069
AMCAP MORTGAGE, LTD. 2 2.94% $6,749
OPEN MORTGAGE, LLC 1 2.63% $22,610
GMFS LLC 1 3.25% $6,357
ONE NEVADA CREDIT UNION 1 2.25% $14,808
WEBER STATE FEDERAL CREDIT UNION 1 2.50% $2,762
Old National Bank 1 2.38% $4,514
GRANITE FEDERAL CREDIT UNION 1 2.25% $9,356
DIRECTORS MORTGAGE, INC. 1 2.99% $4,172
GoPrime Mortgage, Inc. 1 2.25% $5,742
SUMMIT FUNDING, INC. 1 2.75% $3,629
West Town Bank & Trust 1 2.50% $2,526
Hawthorn Bank 1 2.63% $2,938
ALL WESTERN MORTGAGE, INC. 1 3.25% $0
Bank of Idaho 1 2.25% $5,794
MORTGAGE MANAGEMENT CONSULTANTS, INC. 1 3.25% $4,928
Fifth Third Bank 1 2.63% $1,038
LOANLEADERS OF AMERICA, INC. 1 2.50% $6,831
THRIVE MORTGAGE, LLC 1 2.50% $10,798
First Midwest Bank 1 2.38% $8,807
Bank of America 1 3.50% $16,944
JAMES B. NUTTER & COMPANY 1 2.75% $2,056
INTERNATIONAL CITY MORTGAGE, INC. 1 2.50% $13,834
Austin Capital Bank SSB 1 2.63% $2,254
Armed Forces Bank 1 2.75% $3,650
HOMEOWNERS FINANCIAL GROUP USA, LLC 1 3.38% $18,677
AMERICAN INTERNET MORTGAGE, INC. 1 2.25% $3,149
GUARANTY HOME MORTGAGE CORPORATION 1 2.38% $2,559
PNC Bank 1 3.13% $1,170
PINNACLE LENDING GROUP, INC. 1 2.25% $27,098
PREMIER MORTGAGE RESOURCES, L.L.C. 1 2.25% $15,239
Presidential Bank, FSB 1 2.25% $0
ZILLOW HOME LOANS, LLC 1 2.75% $10,270
Community First National Bank 1 2.63% $3,996
Colonial Savings, F.A. 1 3.00% $17,836
Core Bank 1 2.50% $9,159
RMS & Associates 1 2.50% $22,291

The top Utah VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,091 VA loans originated. Their average total fees are $7,064, which is $941 higher than the next largest lender, QUICKEN LOANS, LLC.

The lowest fee Utah VA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($2,346), MID AMERICA MORTGAGE, INC. ($2,628), FREEDOM MORTGAGE CORPORATION ($3,160), North American Savings Bank, F.S.B. ($3,429) and First Guaranty Mortgage Corporation ($3,573).

The lowest rate Utah VA lenders (with over 10 loans originated) are UNITED SECURITY FINANCIAL CORP (2.18%), VILLAGE CAPITAL MORTGAGE (2.22%), Strong Home Mortgage, LLC (2.30%), North American Savings Bank, F.S.B. (2.31%) and KS StateBank (2.33%).

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.