Franklin Loan · Utah · 2025

Franklin Loan in Utah: approval rate, denial rate and rates (2025)

Franklin Loan took 49 mortgage applications in Utah in 2025, ranking #172 of 575 lenders active in the state. It originated 75.5% of them and denied 2.0% (2.6% of the applications it decided), against a statewide denial rate of 16.0%.

49Applicationsin UT
2.6%Decision denial ratestate 19.2%
6.25%Median ratestate 6.63%
$405,000Median loanstate $305,000
$16MVolume10 counties

Franklin Loan in Utah vs the state

2.0%Denial rate-13.92 pts vs state
2.6%Decision denial rate-16.55 pts vs state
75.5%Origination rate+12.27 pts vs state
6.25%Median rate-0.38 pts vs state
0.27Rate spread (pts)+0.03 pts vs state
$120kMedian applicant income
37Loans originated
1Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
202424200.0%6.25%#210
202549372.0%6.25%#172

What Franklin Loan lends in Utah

By loan purpose

Home purchase 5 10% · 0.0% denied
Refinance 4 8% · 0.0% denied
Cash-out refinance 40 82% · 2.5% denied

By loan type

Conventional 9 18% · 0.0% denied
FHA 38 78% · 2.6% denied
VA 2 4% · 0.0% denied

Why it denied Utah applicants

Collateral 1 100%

Where in Utah

Counties with the most Franklin Loan applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 17120 0.0%
Utah County 840 0.0%
Davis County 871 12.5%
Weber County 650 0.0%
Tooele County 440 0.0%
Washington County 220 0.0%
Wasatch County 100 0.0%
Kane County 110 0.0%
Uintah County 110 0.0%
Cache 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: 49 applications in 2025, of which 37 were originated and 1 denied.

2.0% of all applications, or 2.6% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Franklin Loan originated in Utah in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are Franklin Loan'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