BMO Bank in Utah vs the state
26.3%Denial rate+10.36 pts vs state
34.9%Decision denial rate+15.70 pts vs state
48.0%Origination rate-15.29 pts vs state
6.88%Median rate+0.25 pts vs state
0.25Rate spread (pts)+0.01 pts vs state
$298kMedian applicant income
82Loans originated
45Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 160 | 75 | 26.9% | 6.50% | #102 |
| 2024 | 178 | 97 | 25.3% | 7.00% | #99 |
| 2025 | 171 | 82 | 26.3% | 6.88% | #110 |
What BMO Bank lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most BMO Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 77 | 34 | 20 | 26.0% |
| Utah County | 21 | 11 | 7 | 33.3% |
| Summit County | 14 | 6 | 2 | 14.3% |
| Davis County | 11 | 6 | 4 | 36.4% |
| Wasatch County | 11 | 6 | 2 | 18.2% |
| Kane County | 7 | 2 | 4 | 57.1% |
| Washington County | 6 | 5 | 0 | 0.0% |
| Cache County | 6 | 4 | 0 | 0.0% |
| Weber County | 5 | 3 | 0 | 0.0% |
| Duchesne County | 3 | 1 | 2 | 66.7% |
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: 171 applications in 2025, of which 82 were originated and 45 denied.
26.3% of all applications, or 34.9% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans BMO Bank originated in Utah in 2025 was 6.88%, against a statewide median of 6.63%.
About this data. Figures are BMO 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