Utah Mortgage Lending in 2025
Explore residential mortgage lending activity in Utah using official HMDA public records. Review underwriting credit decisions, borrower demographics, regional metro markets, and the most active lenders.
Credit Decision Outcomes (2025)
Outcomes for 62,522 actionable applications (Actions 1, 2, and 3).
How Utah Compares
Key metrics: Utah vs. U.S. (2025)
| Metric | Utah | U.S. |
|---|---|---|
| Actionable Apps | 62,522 | 5,197,320 |
| Approval Rate | 87.44% | 82.12% |
| Denial Rate | 12.56% | 17.88% |
| Originations | 51,844 | 4,052,301 |
| Originated Volume | $24.78 Billion | $1.58 Trillion |
| Median Loan | $425,000 | $325,000 |
Lending Trends in Utah
Year-over-year shifts: 2025 vs. 2024
| Metric | 2024 | 2025 | Change |
|---|---|---|---|
| Consumer Universe | 69,877 | 78,733 | +12.67% |
| Actionable Apps | 55,553 | 62,522 | +12.54% |
| Originations | 45,755 | 51,844 | +13.31% |
| Approval Rate | 86.59% | 87.44% | +0.85 pp |
| Denial Rate | 13.41% | 12.56% | -0.85 pp |
| Median Loan | $415,000 | $425,000 | +2.41% |
| Dollar Volume | $20.93 Billion | $24.78 Billion | +18.35% |
Applications by Borrower Income (Utah)
Approval and denial rates across gross annual income tiers (2025)
| Income Bracket | Apps | Approval % | Denial % |
|---|---|---|---|
| $100k–$149,999 | 17,774 | 90.43% | 9.57% |
| $150k+ | 18,845 | 91.89% | 8.11% |
| $50k–$99,999 | 19,635 | 85.35% | 14.65% |
| <$50k | 2,975 | 57.18% | 42.82% |
| Income unavailable/entity | 3,293 | 85.73% | 14.27% |
Metropolitan Areas in Utah
Top metropolitan areas ranked by total actionable applications
| Metropolitan Area | Apps | Originations | Approval % |
|---|---|---|---|
| Salt Lake City-Murray | 20,512 | 16,828 | 86.04% |
| Provo-Orem-Lehi | 14,109 | 12,132 | 89.37% |
| Ogden | 12,574 | 10,392 | 87.72% |
| St. George | 4,469 | 3,814 | 89.82% |
| Logan | 2,522 | 2,136 | 90.29% |
Top Mortgage Lenders by Action 1 Originations
Institutions ranked strictly by total originated loans in Utah (2025)
| Rank | Lending Institution | Originations | Approval % |
|---|---|---|---|
| 1 | United Wholesale Mortgage | 8,158 | 91.28% |
| 2 | ROCKET MORTGAGE | 3,189 | 83.54% |
| 3 | GUILD MORTGAGE COMPANY | 3,116 | 98.47% |
| 4 | Intercap Lending Inc | 3,038 | 99.20% |
| 5 | FIRST COLONY MORTGAGE CORPORAT | 2,511 | 98.12% |
| 6 | Kind Lending, LLC | 1,875 | 78.75% |
| 7 | MOUNTAIN AMERICA FEDERAL CREDIT UNION | 1,489 | 71.16% |
| 8 | The Loan Store, Inc | 1,310 | 95.99% |
| 9 | SECURITYNATIONAL MORTGAGE COMPANY | 1,227 | 93.52% |
| 10 | DHI Mortgage Company, LTD. | 1,031 | 89.23% |
Methodology
Learn how HMDA credit outcomes, action codes, and consumer filters are computed.
Read Methodology →State Directory
Compare mortgage lending patterns and approval rates across the 54 reporting states and territories.
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