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 6.27% for the week of 2023-12-01, compared to the national average (all VA variants) of 6.774% for the same period.

    Utah's average VA mortgage closing costs are $7,078.

    The average rate for the prior week (2023-11-24) was 6.8% and one month ago for the week of 2023-10-27, the average rate was 7.04%.

    The average rate one year ago was 6.12%.

    For refis of the same type during the week of 2023-12-01, the average rate was 5.86%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 767 4.27% $10,317
    QUICKEN LOANS, LLC 287 3.92% $13,975
    INTERCAP LENDING INC. 274 4.46% $10,620
    Mortgage Research Center, LLC 262 4.85% $10,413
    FREEDOM MORTGAGE CORPORATION 215 3.87% $12,651
    HOME POINT FINANCIAL CORPORATION 171 4.12% $10,939
    PENNYMAC LOAN SERVICES, LLC 169 3.29% $12,010
    FIRST COLONY MORTGAGE CORPORATION 136 4.17% $8,750
    ACADEMY MORTGAGE CORPORATION 111 4.62% $14,192
    The Federal Savings Bank 96 4.28% $18,680
    LOANDEPOT.COM, LLC 89 3.83% $14,685
    CALIBER HOME LOANS, INC. 87 4.46% $10,946
    GUILD MORTGAGE COMPANY 77 4.60% $15,338
    NAVY FEDERAL CREDIT UNION 72 3.93% $9,566
    CITYWIDE HOME LOANS, LLC 71 4.52% $11,491
    USAA Federal Savings Bank 70 4.27% $8,192
    CARDINAL FINANCIAL 68 4.25% $11,950
    AMERICAN PACIFIC MORTGAGE CORPORATION 68 4.63% $11,806
    SECURITYNATIONAL MORTGAGE COMPANY 58 4.80% $13,361
    DHI MORTGAGE COMPANY, LTD. 58 4.04% $8,297
    BROKER SOLUTIONS, INC. 55 4.66% $12,330
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 53 4.91% $10,253
    VILLAGE CAPITAL MORTGAGE 49 3.92% $16,559
    VERITAS FUNDING, LLC 45 4.22% $11,951
    AMERISAVE MORTGAGE CORPORATION 41 4.14% $13,986
    RANLIFE, INC. 41 4.47% $13,205
    CROSSCOUNTRY MORTGAGE, LLC 40 4.83% $15,556
    NEWREZ LLC 37 3.90% $12,301
    CASTLE & COOKE MORTGAGE, LLC 35 4.56% $14,165
    MY MOVE MORTGAGE, LLC 34 4.58% $12,369
    LOANPAL, LLC 33 3.65% $15,632
    GUARANTEED RATE, INC. 32 4.29% $10,390
    SUN AMERICAN MORTGAGE COMPANY 31 4.06% $10,024
    Mr. Cooper ( Nationstar Mortgage ) 31 4.10% $10,913
    HOMEAMERICAN MORTGAGE CORPORATION 30 4.24% $6,151
    SECURITY HOME MORTGAGE, LLC. 30 4.62% $11,012
    Wells Fargo Bank 29 3.93% $7,553
    Bank of Utah 28 4.47% $11,503
    CANOPY MORTGAGE, LLC 26 4.09% $11,478
    MOUNTAIN AMERICA 25 4.11% $11,380
    Flagstar Bank, FSB 25 4.51% $12,379
    DIRECT MORTGAGE, CORP. 24 4.38% $12,113
    CMG MORTGAGE, INC. 24 4.52% $9,691
    GOLDENWEST 23 3.70% $11,091
    Barrington Bank & Trust Company, N.A. 22 4.60% $8,954
    Plains Commerce Bank 21 4.58% $14,099
    INSPIRE HOME LOANS INC. 21 4.22% $19,866
    Low VA Rates, LLC 21 4.11% $19,321
    PENTAGON FEDERAL CREDIT UNION 20 3.09% $6,203
    BELEM SERVICING LLC 20 3.94% $9,735
    AMERICA FIRST 20 3.61% $10,490
    NBH Bank 19 4.35% $11,472
    AMERICAN FINANCING CORPORATION 19 3.45% $12,268
    PRIMARY RESIDENTIAL MORTGAGE, INC. 18 4.90% $17,067
    EVERETT FINANCIAL, INC. 17 4.75% $7,461
    GUARANTEED RATE AFFINITY, LLC 17 4.13% $9,330
    CHERRY CREEK MORTGAGE, LLC 17 4.10% $5,719
    Network Funding, L.P. 16 4.91% $13,555
    Magnolia Bank 16 4.31% $20,043
    North American Savings Bank, F.S.B. 15 3.36% $12,493
    PRIMELENDING, A PLAINSCAPITAL COMPANY 15 4.47% $8,039
    LAKEVIEW LOAN SERVICING, LLC 14 3.30% $6,026
    Century Mortgage Company DBA Century Lending Company 14 5.06% $6,068
    Northpointe Bank 14 4.19% $12,359
    VAN DYK MORTGAGE CORPORATION 14 4.40% $8,887
    NBKC BANK 13 3.94% $15,901
    Utah Mortgage Loan Corporation 12 4.61% $7,255
    BNC National Bank 12 4.23% $5,776
    MOVEMENT MORTGAGE, LLC 11 4.59% $10,628
    Nations Lending Corporation 10 4.48% $13,706
    BAY EQUITY LLC 10 4.76% $12,471
    FINANCE OF AMERICA MORTGAGE LLC 9 4.28% $8,644
    NEST HOME LENDING, LLC 9 4.22% $8,392
    Carrington Mortgage Services, LLC 8 4.38% $13,028
    CORNERSTONE HOME LENDING, INC. 8 4.22% $14,980
    The Central Trust Bank 8 4.39% $8,437
    Paramount Residential Mortgage Group, Inc. 8 4.16% $15,652
    EAGLE HOME MORTGAGE, LLC 8 4.30% $6,075
    Strong Home Mortgage, LLC 8 3.83% $8,987
    AXIA FINANCIAL, LLC 7 4.34% $22,784
    SWBC MORTGAGE CORPORATION 7 4.86% $12,718
    Equity Prime Mortgage LLC 7 5.96% $9,155
    CITY FIRST MORTGAGE SERVICES, L.L.C. 6 4.69% $18,159
    HOMESIDE FINANCIAL, LLC 6 4.31% $20,677
    MORIA DEVELOPMENT, INC. 6 5.17% $10,815
    Sierra Pacific Mortgage Company, Inc. 6 5.06% $6,830
    S1L, Inc. 6 4.83% $21,774
    Texana Bank 6 3.88% $17,099
    JPMorgan Chase Bank 6 3.69% $5,296
    PREMIA MORTGAGE, LLC 5 3.92% $4,328
    J. VIRGIL, INC. 5 4.28% $10,773
    Armed Forces Bank 5 4.43% $8,239
    SUN WEST MORTGAGE COMPANY, INC. 5 4.39% $14,252
    MORTGAGEONE, INC. 5 3.68% $8,190
    Gateway First Bank 4 4.50% $6,940
    CYPRUS Federal Credit Union 4 4.94% $7,957
    First Guaranty Mortgage Corporation 4 3.28% $9,721
    NATIONS DIRECT MORTGAGE, LLC 4 5.22% $8,244
    SOVEREIGN LENDING GROUP INCORPORATED 4 3.28% $9,433
    U.S. Bank 4 3.88% $16,166
    UTAH COMMUNITY 4 4.09% $11,011
    Wyndham Capital Mortgage, Inc. 4 3.44% $5,615
    MUTUAL OF OMAHA MORTGAGE, INC. 3 5.75% $4,199
    EMBRACE HOME LOANS, INC. 3 4.79% $10,327
    Cache Valley Bank 3 4.75% $6,150
    Paramount Bank 3 3.96% $13,578
    OCMBC, INC. 3 4.92% $6,762
    Sunflower Bank 3 4.04% $8,387
    UNION HOME MORTGAGE CORP. 3 5.38% $15,777
    State Bank of Southern Utah 3 5.25% $6,423
    Mid-Continent Funding, Inc. 2 6.06% $15,579
    Meridian Bank Corporation 2 4.25% $13,939
    KELLER MORTGAGE, LLC 2 4.00% $5,626
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 5.68% $7,312
    GUARANTY HOME MORTGAGE CORPORATION 2 6.00% $6,326
    PANORAMA MORTGAGE GROUP, LLC 2 5.50% $16,528
    GRANITE FEDERAL CREDIT UNION 2 5.06% $6,396
    Glacier Bank 2 5.13% $8,868
    First Savings Bank 2 3.56% $10,004
    First Federal Bank 2 3.38% $13,272
    CRESCENT MORTGAGE COMPANY 2 3.81% $7,983
    SIRVA MORTGAGE, INC. 2 4.88% $7,482
    Citizens Bank 2 3.63% $4,333
    TBI MORTGAGE COMPANY 2 3.50% $9,856
    Bank of England 2 5.06% $19,321
    Zions Bank 2 4.25% $11,461
    AMERICAN INTERNET MORTGAGE, INC. 2 2.81% $2,581
    M&T Bank 2 3.69% $6,744
    MID AMERICA MORTGAGE, INC. 1 5.25% $4,557
    First Bank 1 3.25% $5,458
    NFM, INC. 1 5.13% $11,132
    D. L. Evans Bank 1 4.75% $15,251
    AMERICAN FINANCIAL RESOURCES, INC. 1 6.25% $8,635
    Core Bank 1 4.63% $9,884
    Victorian Finance, LLC 1 4.25% $20,396
    ALAMEDA MORTGAGE CORPORATION 1 4.50% $15,103
    IDAHO CENTRAL 1 3.25% $20,912
    STEARNS LENDING, LLC 1 3.38% $841
    Colonial Savings, F.A. 1 5.38% $8,386
    Allied First Bank,sb 1 6.13% $10,442
    KeyBank 1 4.88% $2,242
    CHURCHILL MORTGAGE CORPORATION 1 4.63% $35,951
    LADERA LENDING, INC. 1 5.50% $4,190
    MORTGAGE SOLUTIONS OF COLORADO, LLC 1 5.75% $17,553
    BECKAM FUNDING CORP. 1 6.13% $13,513
    BANK OF LITTLE ROCK MORTGAGE CORPORATION 1 3.25% $1,123
    Watermark Capital, Inc. 1 2.50% $2,595
    Truist 1 2.75% $3,134
    NATIONS RELIABLE LENDING, LLC 1 4.13% $4,003
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 3.75% $7,431
    NP, Inc. 1 2.50% $1,150
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 4.00% $10,056
    AMWEST FUNDING CORP. 1 2.50% $669,415
    Great Southern Bank 1 2.75% $2,343
    Willamette Valley Bank 1 3.25% $19,356
    Mutual Federal Bank 1 3.75% $7,187
    GENEVA FINANCIAL, LLC 1 4.50% $6,159
    PHH Mortgage Corporation 1 3.88% $10,694
    Florida Capital Bank 1 5.63% $11,165
    PLANET HOME LENDING, LLC 1 5.38% $11,278
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 4.99% $675
    First National Bank Texas 1 4.75% $4,629
    First Home Bank 1 5.75% $32,616

    The top Utah VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 767 VA loans originated. Their average total fees are $10,317, which is $3,657 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Utah VA lenders (with over 10 loans originated) are CHERRY CREEK MORTGAGE, LLC ($5,719), BNC National Bank ($5,776), LAKEVIEW LOAN SERVICING, LLC ($6,026), Century Mortgage Company DBA Century Lending Company ($6,068) and HOMEAMERICAN MORTGAGE CORPORATION ($6,151).

    The lowest rate Utah VA lenders (with over 10 loans originated) are PENTAGON FEDERAL CREDIT UNION (3.09%), PENNYMAC LOAN SERVICES, LLC (3.29%), LAKEVIEW LOAN SERVICING, LLC (3.30%), North American Savings Bank, F.S.B. (3.36%) and AMERICAN FINANCING CORPORATION (3.45%).

    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.