Granite Bank · Utah · 2025

Granite Bank in Utah: approval rate, denial rate and rates (2025)

Granite Bank took 7 mortgage applications in Utah in 2025, ranking #311 of 575 lenders active in the state. It originated 57.1% of them and denied 14.3% (20.0% of the applications it decided), against a statewide denial rate of 16.0%.

7Applicationsin UT
20.0%Decision denial ratestate 19.2%
6.63%Median ratestate 6.63%
$325,000Median loanstate $305,000
$1.6MVolume5 counties

Granite Bank in Utah vs the state

14.3%Denial rate-1.67 pts vs state
20.0%Decision denial rate+0.82 pts vs state
57.1%Origination rate-6.10 pts vs state
6.63%Median rate0.00 pts vs state
0.61Rate spread (pts)+0.37 pts vs state
$82kMedian applicant income
4Loans originated
1Denied

What Granite Bank lends in Utah

By loan purpose

Home purchase 4 57% · 25.0% denied
Refinance 1 14% · 0.0% denied
Cash-out refinance 2 29% · 0.0% denied

By loan type

Conventional 3 43% · 33.3% denied
FHA 3 43% · 0.0% denied
VA 1 14% · 0.0% denied

Why it denied Utah applicants

Incomplete application 1 100%

Where in Utah

Counties with the most Granite Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Davis County 220 0.0%
Weber County 210 0.0%
Utah County 100 0.0%
Wasatch County 101 100.0%
Washington 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: 7 applications in 2025, of which 4 were originated and 1 denied.

14.3% of all applications, or 20.0% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Granite Bank originated in Utah in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Granite Bank'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