Salt Lake City-Murray Mortgage Lending in 2025

Explore mortgage lending activity in Salt Lake City-Murray (MSA/MD Code 41620) using official HMDA public records. Review underwriting outcomes, borrower characteristics, and regional lending benchmarks.

Source: Federal Financial Institutions Examination Council (FFIEC) / Consumer Financial Protection Bureau (CFPB) • Dataset: 2025 Snapshot National Loan-Level Dataset • Updated: June 2, 2026 • Methodology →
Metropolitan Area 41620
16,828 Loans Originated
• Primary State: Utah (UT)
• $8.24 Billion Originated Volume
• $445,000 Median Loan
Actionable Applications 20,512 +9.01% vs 2024
Approval Rate 86.04% +0.30 pp vs 2024
Denial Rate 13.96% -0.30 pp vs 2024
Loan Originations 16,828 +9.32% vs 2024
Originated Volume $8.24 Billion +14.42% vs 2024

Credit Decision Outcomes (2025)

Outcomes for 20,512 actionable applications (Actions 1, 2, and 3).

86.04%
13.96%
17,649 approved 2,863 denied
Action 1: Originated
16,828 (82.04%)
Action 2: Approved not accepted
821 (4.00%)
Action 3: Denied
2,863 (13.96%)
Action 4: Withdrawn (not in denominator)
4,323 —
Action 5: Incomplete (not in denominator)
1,220 —
How to read this: Approval rate uses Actions 1, 2, and 3. Actions 4 and 5 are excluded from the credit decision denominator. Read the full methodology →

How Salt Lake City-Murray Compares

Metro vs. State Baseline (2025)

Metric Salt Lake City-Murray Utah
Actionable Apps 20,512 62,522
Approval Rate 86.04% 87.44%
Denial Rate 13.96% 12.56%
Originations 16,828 51,844
Originated Volume $8.24 Billion $24.78 Billion
Median Loan $445,000 $425,000
Compared against Utah statewide baseline in 2025.

Lending Trends in Salt Lake City-Murray

Year-over-year shifts: 2025 vs. 2024

Metric 2024 2025 Change
Consumer Universe 23,847 26,055 +9.26%
Actionable Apps 18,817 20,512 +9.01%
Originations 15,394 16,828 +9.32%
Approval Rate 85.74% 86.04% +0.30 pp
Denial Rate 14.26% 13.96% -0.30 pp
Median Loan $435,000 $445,000 +2.30%
Dollar Volume $7.20 Billion $8.24 Billion +14.42%

Applications by Borrower Income (Salt Lake City-Murray)

Approval and denial rates across gross annual income tiers (2025)

Income Bracket Apps Approval % Denial %
$100k–$149,999 5,987 88.88% 11.12%
$150k+ 6,660 91.64% 8.36%
$50k–$99,999 5,971 82.16% 17.84%
<$50k 915 52.46% 47.54%
Income unavailable/entity 979 85.70% 14.30%
Gross annual borrower income relied upon during credit underwriting. Descriptive figures only; does not establish causation.

Geographic Market Context

Regional integration within Utah (2025)

Official Geographic Designation: Metropolitan Statistical Area / Division 41620, anchored in Utah (UT).
Metro Share of State Apps 32.81%
Metro Share of State Volume 33.27%
Geographic Notice: OpenFileData reports verified OMB-designated metropolitan boundaries. Detailed county-level vector choropleths are omitted unless authoritative polygon geometries and county-level consumer records are officially available, preventing data fabrication.

Parent State Association

Explore Utah statewide mortgage activity

Salt Lake City-Murray is part of OpenFileData’s statewide coverage of Utah. View statewide approval benchmarks, metropolitan rankings, and institution profiles across all reporting jurisdictions.

Utah Statewide Overview Active Profile
Statewide Actionable Applications: 62,522
Explore Utah State Profile →

Methodology

Learn how HMDA credit outcomes, action codes, and consumer filters are computed.

Read Methodology →

Utah Profile

Compare all metropolitan areas located in Utah.

View State Page →

Download Data

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Methodology & Disclosures

Credit Decision Denominator Rule: Approval and denial rates are calculated strictly among actionable applications reaching a formal credit underwriting decision (Actions 1, 2, and 3: loan originated, approved but not accepted, denied). Applications withdrawn by borrower (Action 4) and closed for incompleteness (Action 5) are tracked in the broader Consumer Mortgage Universe for market completeness but excluded from credit decision rates as no underwriting decision occurred.

Official Data Source & Freeze Date: Official Home Mortgage Disclosure Act (HMDA) records published by the Federal Financial Institutions Examination Council (FFIEC) and Consumer Financial Protection Bureau (CFPB). Primary analysis uses the 2025 Snapshot National Loan-Level Dataset (frozen June 2, 2026); historical baseline uses the 2024 One-Year National Loan-Level Dataset (frozen June 2, 2026).

Public Interest Commitment: OpenFileData does not sell mortgage leads, lender placements, paid rankings, or individualized mortgage recommendations.

For complete technical formulas, SQL implementations, and data definitions, read the full Mortgage Lending Methodology Specification.