GTE Federal Credit Union · Utah · 2025

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

GTE Federal Credit Union took 27 mortgage applications in Utah in 2025, ranking #217 of 575 lenders active in the state. It originated 66.7% of them and denied 18.5% (20.8% of the applications it decided), against a statewide denial rate of 16.0%.

27Applicationsin UT
20.8%Decision denial ratestate 19.2%
8.75%Median ratestate 6.63%
$105,000Median loanstate $305,000
$2.2MVolume8 counties

GTE Federal Credit Union in Utah vs the state

18.5%Denial rate+2.56 pts vs state
20.8%Decision denial rate+1.65 pts vs state
66.7%Origination rate+3.43 pts vs state
8.75%Median rate+2.13 pts vs state
1.75Rate spread (pts)+1.51 pts vs state
$177kMedian applicant income
18Loans originated
5Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023241916.7%10.00%#192
2024272218.5%9.75%#198
2025271818.5%8.75%#217

What GTE Federal Credit Union lends in Utah

By loan purpose

Home purchase 8 30% · 12.5% denied
Refinance 6 22% · 16.7% denied
Home improvement 4 15% · 50.0% denied
Other / HELOC 9 33% · 11.1% denied

By loan type

Conventional 27 100% · 18.5% denied

Why it denied Utah applicants

Debt-to-income ratio 4 80%
Credit history 1 20%

Where in Utah

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

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 961 11.1%
Utah County 733 42.9%
Davis County 540 0.0%
Iron County 220 0.0%
Cache County 101 100.0%
Box Elder County 110 0.0%
Juab County 110 0.0%
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: 27 applications in 2025, of which 18 were originated and 5 denied.

18.5% of all applications, or 20.8% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans GTE Federal Credit Union originated in Utah in 2025 was 8.75%, against a statewide median of 6.63%.

About this data. Figures are GTE 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