Bank of America in Utah vs the state
32.8%Denial rate+16.84 pts vs state
44.1%Decision denial rate+24.93 pts vs state
41.1%Origination rate-22.16 pts vs state
5.99%Median rate-0.63 pts vs state
0.10Rate spread (pts)-0.14 pts vs state
$168kMedian applicant income
258Loans originated
206Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 750 | 277 | 47.5% | 6.74% | #31 |
| 2024 | 596 | 232 | 40.9% | 6.99% | #50 |
| 2025 | 628 | 258 | 32.8% | 5.99% | #50 |
What Bank of America lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 260 | 99 | 95 | 36.5% |
| Utah County | 116 | 33 | 46 | 39.7% |
| Summit County | 59 | 29 | 16 | 27.1% |
| Wasatch County | 47 | 35 | 6 | 12.8% |
| Davis County | 39 | 15 | 9 | 23.1% |
| Weber County | 28 | 8 | 13 | 46.4% |
| Washington County | 24 | 14 | 5 | 20.8% |
| Cache County | 11 | 5 | 1 | 9.1% |
| Iron County | 10 | 5 | 2 | 20.0% |
| Tooele County | 8 | 1 | 4 | 50.0% |
Other large lenders in Utah
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| AMERICA FIRST Federal Credit Union | C | 16,303 | 18.3% | 6.99% |
| Mountain America Federal Credit Union | D | 15,401 | 36.5% | 7.24% |
| United Shore Financial Services | B | 11,325 | 8.5% | 6.25% |
| Rocket Mortgage | C | 6,276 | 14.6% | 6.63% |
| Guild Mortgage | A | 5,427 | 1.5% | 6.50% |
| Intercap Lending | A | 4,881 | 0.7% | 6.50% |
| Goldenwest | B | 4,794 | 17.6% | 7.50% |
| First Colony Mortgage | A | 3,499 | 2.1% | 6.38% |
| Kind Lending | C | 3,227 | 20.3% | 6.50% |
| Zions Bancorporation | B | 3,013 | 22.9% | 6.49% |
Frequently asked questions
Utah: 628 applications in 2025, of which 258 were originated and 206 denied.
32.8% of all applications, or 44.1% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans Bank of America originated in Utah in 2025 was 5.99%, against a statewide median of 6.63%.
About this data. Figures are Bank of America'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