Canopy Mortgage in Utah vs the state
3.3%Denial rate-12.63 pts vs state
5.1%Decision denial rate-14.04 pts vs state
60.9%Origination rate-2.31 pts vs state
6.38%Median rate-0.25 pts vs state
0.03Rate spread (pts)-0.21 pts vs state
$132kMedian applicant income
513Loans originated
28Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 417 | 240 | 1.4% | 6.63% | #61 |
| 2024 | 737 | 439 | 2.9% | 6.50% | #42 |
| 2025 | 842 | 513 | 3.3% | 6.38% | #39 |
What Canopy Mortgage lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most Canopy Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Utah County | 245 | 168 | 4 | 1.6% |
| Salt Lake County | 242 | 131 | 8 | 3.3% |
| Davis County | 102 | 60 | 6 | 5.9% |
| Weber County | 69 | 44 | 6 | 8.7% |
| Washington County | 60 | 29 | 2 | 3.3% |
| Cache County | 18 | 14 | 0 | 0.0% |
| Iron County | 13 | 12 | 0 | 0.0% |
| Tooele County | 12 | 9 | 1 | 8.3% |
| Morgan County | 11 | 5 | 0 | 0.0% |
| Sanpete County | 8 | 4 | 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: 842 applications in 2025, of which 513 were originated and 28 denied.
3.3% of all applications, or 5.1% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans Canopy Mortgage originated in Utah in 2025 was 6.38%, against a statewide median of 6.63%.
About this data. Figures are Canopy 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