Fairway Independent Mortgage · Utah · 2025

Fairway Independent Mortgage in Utah: approval rate, denial rate and rates (2025)

Fairway Independent Mortgage took 1,304 mortgage applications in Utah in 2025, ranking #24 of 575 lenders active in the state. It originated 71.6% of them and denied 2.7% (3.6% of the applications it decided), against a statewide denial rate of 16.0%.

1.3kApplicationsin UT
3.6%Decision denial ratestate 19.2%
6.63%Median ratestate 6.63%
$425,000Median loanstate $305,000
$442MVolume23 counties

Fairway Independent Mortgage in Utah vs the state

2.7%Denial rate-13.28 pts vs state
3.6%Decision denial rate-15.58 pts vs state
71.6%Origination rate+8.39 pts vs state
6.63%Median rate0.00 pts vs state
0.21Rate spread (pts)-0.03 pts vs state
$133kMedian applicant income
934Loans originated
35Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20238936383.4%6.75%#27
20241,0727643.5%6.63%#27
20251,3049342.7%6.63%#24

What Fairway Independent Mortgage lends in Utah

By loan purpose

Home purchase 1,024 79% · 1.9% denied
Refinance 158 12% · 4.4% denied
Cash-out refinance 81 6% · 7.4% denied
Home improvement 13 1% · 0.0% denied
Other / HELOC 28 2% · 10.7% denied

By loan type

Conventional 984 75% · 2.9% denied
FHA 246 19% · 2.9% denied
VA 70 5% · 0.0% denied
USDA / RHS 4 0% · 0.0% denied

Why it denied Utah applicants

Debt-to-income ratio 8 23%
Credit history 8 23%
Incomplete application 6 17%
Collateral 6 17%
Unverifiable information 3 9%
Employment history 2 6%
Other 2 6%

Where in Utah

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 56941810 1.8%
Utah County 1651262 1.2%
Davis County 1591183 1.9%
Weber County 1501087 4.7%
Summit County 68415 7.4%
Washington County 41290 0.0%
Wasatch County 35210 0.0%
Tooele County 29211 3.4%
Box Elder County 27190 0.0%
Cache County 1040 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: 1,304 applications in 2025, of which 934 were originated and 35 denied.

2.7% of all applications, or 3.6% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Fairway Independent Mortgage originated in Utah in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Fairway Independent 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