CYPRUS Federal Credit Union · Utah · 2025

CYPRUS Federal Credit Union in Utah: approval rate, denial rate and rates (2025)

CYPRUS Federal Credit Union took 1,799 mortgage applications in Utah in 2025, ranking #16 of 575 lenders active in the state. It originated 61.4% of them and denied 26.5% (30.2% of the applications it decided), against a statewide denial rate of 16.0%.

1.8kApplicationsin UT
30.2%Decision denial ratestate 19.2%
4.99%Median ratestate 6.63%
$115,000Median loanstate $305,000
$217MVolume25 counties

CYPRUS Federal Credit Union in Utah vs the state

26.5%Denial rate+10.55 pts vs state
30.2%Decision denial rate+10.99 pts vs state
61.4%Origination rate-1.87 pts vs state
4.99%Median rate-1.63 pts vs state
0.31Rate spread (pts)+0.07 pts vs state
$121kMedian applicant income
1,104Loans originated
477Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,7931,01630.6%8.00%#15
20241,8401,06029.6%6.49%#15
20251,7991,10426.5%4.99%#16

What CYPRUS Federal Credit Union lends in Utah

By loan purpose

Home purchase 235 13% · 10.2% denied
Refinance 41 2% · 22.0% denied
Cash-out refinance 502 28% · 20.5% denied
Home improvement 204 11% · 8.8% denied
Other / HELOC 817 45% · 39.5% denied

By loan type

Conventional 1,753 97% · 26.7% denied
FHA 42 2% · 21.4% denied
VA 4 0% · 0.0% denied

Why it denied Utah applicants

Debt-to-income ratio 199 42%
Credit history 118 25%
Collateral 116 24%
Unverifiable information 19 4%
Other 13 3%
Incomplete application 9 2%
Employment history 3 1%

Where in Utah

Counties with the most CYPRUS Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 1,146738276 24.1%
Utah County 28314898 34.6%
Tooele County 1135946 40.7%
Davis County 855415 17.6%
Washington County 43307 16.3%
Weber County 29159 31.0%
Wasatch County 17122 11.8%
Summit County 1474 28.6%
Box Elder County 1264 33.3%
Cache County 953 33.3%

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: 1,799 applications in 2025, of which 1,104 were originated and 477 denied.

26.5% of all applications, or 30.2% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans CYPRUS Federal Credit Union originated in Utah in 2025 was 4.99%, against a statewide median of 6.63%.

About this data. Figures are CYPRUS Federal Credit Union'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