Better Mortgage · Utah · 2025

Better Mortgage in Utah: approval rate, denial rate and rates (2025)

Better Mortgage took 553 mortgage applications in Utah in 2025, ranking #54 of 575 lenders active in the state. It originated 45.8% of them and denied 27.5% (37.2% of the applications it decided), against a statewide denial rate of 16.0%.

553Applicationsin UT
37.2%Decision denial ratestate 19.2%
6.88%Median ratestate 6.63%
$335,000Median loanstate $305,000
$113MVolume21 counties

Better Mortgage in Utah vs the state

27.5%Denial rate+11.53 pts vs state
37.2%Decision denial rate+17.98 pts vs state
45.8%Origination rate-17.49 pts vs state
6.88%Median rate+0.25 pts vs state
0.41Rate spread (pts)+0.17 pts vs state
$168kMedian applicant income
253Loans originated
152Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
202382331.2%6.00%#132
2024113505.3%6.50%#122
202555325327.5%6.88%#54

What Better Mortgage lends in Utah

By loan purpose

Home purchase 224 41% · 23.2% denied
Refinance 60 11% · 18.3% denied
Cash-out refinance 51 9% · 29.4% denied
Home improvement 24 4% · 29.2% denied
Other / HELOC 194 35% · 34.5% denied

By loan type

Conventional 497 90% · 27.2% denied
FHA 44 8% · 29.6% denied
VA 12 2% · 33.3% denied

Why it denied Utah applicants

Incomplete application 83 55%
Credit history 22 14%
Debt-to-income ratio 17 11%
Unverifiable information 10 7%
Other 8 5%
Collateral 8 5%
Insufficient cash 2 1%
Employment history 2 1%

Where in Utah

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 20310747 23.2%
Utah County 1365540 29.4%
Davis County 441616 36.4%
Summit County 361511 30.6%
Washington County 27138 29.6%
Weber County 2497 29.2%
Wasatch County 19116 31.6%
Tooele County 1792 11.8%
Cache County 953 33.3%
Carbon County 823 37.5%

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: 553 applications in 2025, of which 253 were originated and 152 denied.

27.5% of all applications, or 37.2% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Better Mortgage originated in Utah in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are Better Mortgage'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