American Financing · Utah · 2025

American Financing in Utah: approval rate, denial rate and rates (2025)

American Financing took 427 mortgage applications in Utah in 2025, ranking #64 of 575 lenders active in the state. It originated 23.0% of them and denied 44.0% (58.2% of the applications it decided), against a statewide denial rate of 16.0%.

427Applicationsin UT
58.2%Decision denial ratestate 19.2%
6.50%Median ratestate 6.63%
$305,000Median loanstate $305,000
$24MVolume25 counties

American Financing in Utah vs the state

44.0%Denial rate+28.07 pts vs state
58.2%Decision denial rate+39.02 pts vs state
23.0%Origination rate-40.29 pts vs state
6.50%Median rate-0.13 pts vs state
0.29Rate spread (pts)+0.05 pts vs state
$98kMedian applicant income
98Loans originated
188Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232454443.3%6.50%#84
20243597557.1%6.38%#67
20254279844.0%6.50%#64

What American Financing lends in Utah

By loan purpose

Home purchase 12 3% · 0.0% denied
Refinance 132 31% · 62.1% denied
Cash-out refinance 219 51% · 44.8% denied
Other / HELOC 64 15% · 12.5% denied

By loan type

Conventional 228 53% · 30.3% denied
FHA 190 44% · 60.0% denied
VA 9 2% · 55.6% denied

Why it denied Utah applicants

Other 67 36%
Credit history 45 24%
Debt-to-income ratio 45 24%
Collateral 12 6%
Incomplete application 10 5%
Unverifiable information 4 2%
Employment history 4 2%
Insufficient cash 1 1%

Where in Utah

Counties with the most American Financing applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Utah County 991543 43.4%
Salt Lake County 912045 49.5%
Davis County 521622 42.3%
Weber County 411015 36.6%
Washington County 34912 35.3%
Tooele County 17212 70.6%
Uintah County 1446 42.9%
Box Elder County 1457 50.0%
Iron County 1354 30.8%
Cache County 1026 60.0%

Other large lenders in Utah

LenderGradeApplicationsDenial rateMedian rate
AMERICA FIRST Federal Credit UnionC 16,30318.3%6.99%
Mountain America Federal Credit UnionD 15,40136.5%7.24%
United Shore Financial ServicesB 11,3258.5%6.25%
Rocket MortgageC 6,27614.6%6.63%
Guild MortgageA 5,4271.5%6.50%
Intercap LendingA 4,8810.7%6.50%
GoldenwestB 4,79417.6%7.50%
First Colony MortgageA 3,4992.1%6.38%
Kind LendingC 3,22720.3%6.50%
Zions BancorporationB 3,01322.9%6.49%

Frequently asked questions

Utah: 427 applications in 2025, of which 98 were originated and 188 denied.

44.0% of all applications, or 58.2% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans American Financing originated in Utah in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are American Financing's own HMDA filing for properties located in Utah, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology