Commerce Home Mortgage in Utah vs the state
23.4%Denial rate+7.40 pts vs state
31.7%Decision denial rate+12.47 pts vs state
50.5%Origination rate-12.77 pts vs state
7.63%Median rate+1.00 pts vs state
1.17Rate spread (pts)+0.93 pts vs state
$440kMedian applicant income
54Loans originated
25Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 57 | 23 | 28.1% | 8.75% | #145 |
| 2024 | 52 | 27 | 13.5% | 8.38% | #160 |
| 2025 | 107 | 54 | 23.4% | 7.63% | #131 |
What Commerce Home Mortgage lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most Commerce Home Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 42 | 22 | 5 | 11.9% |
| Utah County | 14 | 7 | 5 | 35.7% |
| Wasatch County | 13 | 3 | 7 | 53.8% |
| Davis County | 8 | 5 | 1 | 12.5% |
| Summit County | 7 | 2 | 3 | 42.9% |
| Cache County | 6 | 4 | 1 | 16.7% |
| Washington County | 5 | 4 | 0 | 0.0% |
| Kane County | 3 | 1 | 2 | 66.7% |
| Weber County | 3 | 3 | 0 | 0.0% |
| Millard County | 1 | 1 | 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: 107 applications in 2025, of which 54 were originated and 25 denied.
23.4% of all applications, or 31.7% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans Commerce Home Mortgage originated in Utah in 2025 was 7.63%, against a statewide median of 6.63%.
About this data. Figures are Commerce Home 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