Central Bank · Utah · 2025

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

Central Bank took 184 mortgage applications in Utah in 2025, ranking #103 of 575 lenders active in the state. It originated 75.0% of them and denied 2.2% (2.7% of the applications it decided), against a statewide denial rate of 16.0%.

184Applicationsin UT
2.7%Decision denial ratestate 19.2%
Median ratestate 6.63%
$470,000Median loanstate $305,000
$84MVolume12 counties

Central Bank in Utah vs the state

2.2%Denial rate-13.79 pts vs state
2.7%Decision denial rate-16.48 pts vs state
75.0%Origination rate+11.76 pts vs state
Median rate
Rate spread (pts)
$193kMedian applicant income
138Loans originated
4Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233802819.0%#65
2024122818.2%#115
20251841382.2%#103

What Central Bank lends in Utah

By loan purpose

Home purchase 117 64% · 1.7% denied
Refinance 38 21% · 5.3% denied
Cash-out refinance 17 9% · 0.0% denied
Home improvement 3 2% · 0.0% denied
Other / HELOC 9 5% · 0.0% denied

By loan type

Conventional 184 100% · 2.2% denied

Where in Utah

Counties with the most Central Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Utah County 1391043 2.2%
Salt Lake County 14110 0.0%
Washington County 760 0.0%
Sanpete County 731 14.3%
Juab County 540 0.0%
Carbon County 430 0.0%
Wasatch County 220 0.0%
Davis County 210 0.0%
Iron County 110 0.0%
Summit 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: 184 applications in 2025, of which 138 were originated and 4 denied.

2.2% of all applications, or 2.7% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Central 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