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 6.01% 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.