Bank of Utah in Utah vs the state
1.5%Denial rate-14.49 pts vs state
1.8%Decision denial rate-17.37 pts vs state
78.7%Origination rate+15.49 pts vs state
6.38%Median rate-0.25 pts vs state
0.06Rate spread (pts)-0.18 pts vs state
$129kMedian applicant income
696Loans originated
13Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 915 | 704 | 3.2% | 6.63% | #25 |
| 2024 | 958 | 708 | 3.0% | 6.50% | #32 |
| 2025 | 884 | 696 | 1.5% | 6.38% | #37 |
What Bank of Utah lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most Bank of Utah applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Cache County | 166 | 140 | 2 | 1.2% |
| Weber County | 143 | 122 | 0 | 0.0% |
| Salt Lake County | 90 | 64 | 3 | 3.3% |
| Davis County | 73 | 54 | 0 | 0.0% |
| Utah County | 71 | 52 | 2 | 2.8% |
| Uintah County | 66 | 55 | 1 | 1.5% |
| Washington County | 65 | 48 | 3 | 4.6% |
| Box Elder County | 40 | 34 | 1 | 2.5% |
| Carbon County | 36 | 28 | 0 | 0.0% |
| Wasatch County | 26 | 15 | 0 | 0.0% |
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: 884 applications in 2025, of which 696 were originated and 13 denied.
1.5% of all applications, or 1.8% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans Bank of Utah originated in Utah in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Bank of Utah'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