Freedom Mortgage · Utah · 2025

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

Freedom Mortgage took 1,549 mortgage applications in Utah in 2025, ranking #20 of 575 lenders active in the state. It originated 46.9% of them and denied 8.7% (13.5% of the applications it decided), against a statewide denial rate of 16.0%.

1.5kApplicationsin UT
13.5%Decision denial ratestate 19.2%
6.13%Median ratestate 6.63%
$415,000Median loanstate $305,000
$313MVolume27 counties

Freedom Mortgage in Utah vs the state

8.7%Denial rate-7.31 pts vs state
13.5%Decision denial rate-5.67 pts vs state
46.9%Origination rate-16.37 pts vs state
6.13%Median rate-0.50 pts vs state
0.15Rate spread (pts)-0.09 pts vs state
$112kMedian applicant income
726Loans originated
134Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
202339616314.7%6.75%#64
20241,06449410.6%6.25%#28
20251,5497268.7%6.13%#20

What Freedom Mortgage lends in Utah

By loan purpose

Home purchase 111 7% · 12.6% denied
Refinance 882 57% · 5.3% denied
Cash-out refinance 538 35% · 13.0% denied
Other / HELOC 18 1% · 16.7% denied

By loan type

Conventional 371 24% · 7.0% denied
FHA 638 41% · 9.9% denied
VA 540 35% · 8.3% denied

Why it denied Utah applicants

Collateral 48 36%
Credit history 30 22%
Debt-to-income ratio 26 19%
Other 14 10%
Unverifiable information 9 7%
Insufficient cash 3 2%
Incomplete application 2 1%
Employment history 2 1%

Where in Utah

Counties with the most Freedom Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 45022232 7.1%
Utah County 27811623 8.3%
Davis County 20510216 7.8%
Weber County 1728018 10.5%
Washington County 1054712 11.4%
Tooele County 73367 9.6%
Iron County 52234 7.7%
Box Elder County 41193 7.3%
Cache County 37220 0.0%
Uintah County 28105 17.9%

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: 1,549 applications in 2025, of which 726 were originated and 134 denied.

8.7% of all applications, or 13.5% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Freedom Mortgage originated in Utah in 2025 was 6.13%, against a statewide median of 6.63%.

About this data. Figures are Freedom 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