Provo VA Loan Rates, Closing Costs & Stats

PROVO-OREM, UT

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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.

    Provo's 77 lenders originated 622 VA loans during 2024. The total origination value was $329,210,000, with an average VA loan value of $529,277.

    Provo VA Loans, 30 Year Fixed Rates

    30 Year VA mortgages in Provo averaged 6.37% for the week of 2025-07-18, compared to the national average (all VA variants) of 6.385% for the same period.

    Provo's average VA mortgage closing costs are $8,012.

    The average rate for the prior week (2025-07-11) was 6.56% and one month ago for the week of 2025-06-13, the average rate was 6.34%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.32%.

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

    Provo 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 Provo level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 132 5.90% $8,465
    Mortgage Research Center, LLC 42 6.08% $8,249
    FIRST COLONY MORTGAGE CORPORATION 35 6.08% $9,257
    QUICKEN LOANS, LLC 31 5.82% $14,782
    FREEDOM MORTGAGE CORPORATION 26 6.06% $12,439
    DHI MORTGAGE COMPANY, LTD. 24 5.31% $8,925
    INTERCAP LENDING INC. 23 5.81% $10,237
    EAGLE HOME MORTGAGE, LLC 15 5.15% $9,279
    NEWREZ LLC 14 5.93% $9,295
    Century Mortgage Company DBA Century Lending Company 13 5.80% $8,819
    MY MOVE MORTGAGE, LLC 12 5.85% $14,881
    HOMEAMERICAN MORTGAGE CORPORATION 12 5.28% $7,208
    PENNYMAC LOAN SERVICES, LLC 12 5.75% $12,604
    LOANDEPOT.COM, LLC 12 5.46% $11,483
    CROSSCOUNTRY MORTGAGE, LLC 11 6.39% $9,096
    GUILD MORTGAGE COMPANY 10 6.03% $18,746
    VILLAGE CAPITAL MORTGAGE 9 5.82% $10,988
    The Federal Savings Bank 9 6.08% $22,259
    RANLIFE, INC. 8 6.05% $19,132
    SECURITYNATIONAL MORTGAGE COMPANY 8 6.41% $13,282
    GUARANTEED RATE, INC. 8 5.94% $15,469
    LAKEVIEW LOAN SERVICING, LLC 7 5.68% $11,623
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.43% $10,524
    NAVY FEDERAL CREDIT UNION 6 6.04% $14,525
    CMG MORTGAGE, INC. 6 5.88% $12,807
    Plains Commerce Bank 5 5.68% $12,316
    The Loan Store, Inc. 5 6.38% $18,112
    CANOPY MORTGAGE, LLC 5 5.80% $14,237
    Barrington Bank & Trust Company, N.A. 5 5.53% $6,486
    DIRECT MORTGAGE, CORP. 4 6.25% $14,758
    Northpointe Bank 3 5.63% $4,089
    USAA Federal Savings Bank 3 5.71% $8,794
    CLM MORTGAGE, INC 3 6.08% $10,258
    SUN WEST MORTGAGE COMPANY, INC. 3 5.71% $9,304
    PLANET HOME LENDING, LLC 3 5.66% $5,448
    NEST HOME LENDING, LLC 3 5.79% $10,701
    MORTGAGEONE, INC. 2 7.00% $11,310
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.38% $2,538
    BELEM SERVICING LLC 2 6.12% $5,928
    BROKER SOLUTIONS, INC. 2 6.25% $8,726
    Equity Prime Mortgage LLC 2 6.13% $19,501
    First Federal Bank 2 5.19% $7,160
    Magnolia Bank 2 5.56% $13,574
    MOUNTAIN AMERICA 2 5.25% $11,632
    MOVEMENT MORTGAGE, LLC 2 7.00% $8,415
    NATIONS RELIABLE LENDING, LLC 2 5.75% $7,547
    NBKC BANK 2 5.50% $6,394
    Paramount Residential Mortgage Group, Inc. 2 5.94% $4,229
    PLAZA HOME MORTGAGE, INC. 2 6.44% $13,161
    UTAH COMMUNITY 2 5.88% $16,616
    AMERICA FIRST 1 6.13% $20,206
    GUARANTEED RATE AFFINITY, LLC 1 5.99% $7,599
    Utah Mortgage Loan Corporation 1 5.88% $291
    Patriot Bank 1 5.88% $3,893
    EVERETT FINANCIAL, INC. 1 2.50% $4,836
    PHH Mortgage Corporation 1 5.99% $6,990
    CORNERSTONE HOME LENDING, INC. 1 6.75% $5,950
    CITYWIDE HOME LOANS, LLC 1 5.63% $16,121
    VAN DYK MORTGAGE CORPORATION 1 6.63% $18,672
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 4.75% $4,635
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.00% $2,254
    CASTLE & COOKE MORTGAGE, LLC 1 5.63% $115
    Carrington Mortgage Services, LLC 1 6.25% $9,546
    SECURITY HOME MORTGAGE, LLC. 1 6.63% $22,598
    CALCON MUTUAL MORTGAGE LLC 1 6.63% $1,435
    Sierra Pacific Mortgage Company, Inc. 1 5.63% $1,571
    Bank of Utah 1 6.25% $15,398
    Bank of England 1 6.75% $13,452
    AXIA FINANCIAL, LLC 1 5.75% $11,441
    UNION HOME MORTGAGE CORP. 1 6.13% $13,179
    Armed Forces Bank 1 6.13% $27,497
    AMERISAVE MORTGAGE CORPORATION 1 4.88% $35,338
    U.S. Bank 1 6.25% $5,845
    MUTUAL OF OMAHA MORTGAGE, INC. 1 5.75% $15,124
    NBH Bank 1 6.12% $4,191
    AMERICAN PACIFIC MORTGAGE CORPORATION 1 6.75% $10,668
    Mr. Cooper ( Nationstar Mortgage ) 1 6.63% $2,746

    The top Provo VA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 132 VA loans originated. Their average total fees are $8,465, which is $216 higher than the next largest lender, Mortgage Research Center, LLC.

    The lowest fee Provo VA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION ($7,208), Mortgage Research Center, LLC ($8,249), UNITED WHOLESALE MORTGAGE, LLC ($8,465), Century Mortgage Company DBA Century Lending Company ($8,819) and DHI MORTGAGE COMPANY, LTD. ($8,925).

    The lowest rate Provo VA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (5.15%), HOMEAMERICAN MORTGAGE CORPORATION (5.28%), DHI MORTGAGE COMPANY, LTD. (5.31%), LOANDEPOT.COM, LLC (5.46%) and PENNYMAC LOAN SERVICES, LLC (5.75%).

    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.