Banterra Bank · Utah · 2025

Banterra Bank in Utah: approval rate, denial rate and rates (2025)

Banterra Bank took 38 mortgage applications in Utah in 2025, ranking #194 of 575 lenders active in the state. It originated 68.4% of them and denied 15.8% (15.8% of the applications it decided), against a statewide denial rate of 16.0%.

38Applicationsin UT
15.8%Decision denial ratestate 19.2%
6.75%Median ratestate 6.63%
$1,325,000Median loanstate $305,000
$58MVolume8 counties

Banterra Bank in Utah vs the state

15.8%Denial rate-0.17 pts vs state
15.8%Decision denial rate-3.39 pts vs state
68.4%Origination rate+5.18 pts vs state
6.75%Median rate+0.13 pts vs state
0.06Rate spread (pts)-0.18 pts vs state
$394kMedian applicant income
26Loans originated
6Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023630.0%8.50%#299
2024291920.7%6.88%#193
2025382615.8%6.75%#194

What Banterra Bank lends in Utah

By loan purpose

Home purchase 34 89% · 17.7% denied
Refinance 3 8% · 0.0% denied
Cash-out refinance 1 3% · 0.0% denied

By loan type

Conventional 38 100% · 15.8% denied

Why it denied Utah applicants

Debt-to-income ratio 4 67%
Credit history 2 33%

Where in Utah

Counties with the most Banterra Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 1282 16.7%
Davis County 852 25.0%
Washington County 860 0.0%
Utah County 531 20.0%
Weber County 220 0.0%
Iron County 101 100.0%
Wasatch County 110 0.0%
Kane County 110 0.0%

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: 38 applications in 2025, of which 26 were originated and 6 denied.

15.8% of all applications, or 15.8% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Banterra Bank originated in Utah in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are Banterra Bank'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