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
5.69%
for the week of 2024-10-11, compared to the national average (all VA variants) of
5.854% for the same period.
Utah's average VA mortgage closing costs are $7,320.
The average rate for the prior week (2024-10-04) was
5.76% and
one month ago for the week of 2024-09-06, the
average rate was 5.55%.
The average rate one year ago was 7.41%.
For refis of the same type during the week of 2024-10-11, the average rate
was 5.95%.
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.