Homexpress Mortgage · Utah · 2025

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

Homexpress Mortgage took 145 mortgage applications in Utah in 2025, ranking #117 of 575 lenders active in the state. It originated 54.5% of them and denied 44.8% (45.1% of the applications it decided), against a statewide denial rate of 16.0%.

145Applicationsin UT
45.1%Decision denial ratestate 19.2%
7.38%Median ratestate 6.63%
$485,000Median loanstate $305,000
$46MVolume19 counties

Homexpress Mortgage in Utah vs the state

44.8%Denial rate+28.87 pts vs state
45.1%Decision denial rate+25.96 pts vs state
54.5%Origination rate-8.76 pts vs state
7.38%Median rate+0.75 pts vs state
1.16Rate spread (pts)+0.92 pts vs state
$293kMedian applicant income
79Loans originated
65Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231136143.4%8.25%#120
20241206545.0%7.75%#116
20251457944.8%7.38%#117

What Homexpress Mortgage lends in Utah

By loan purpose

Home purchase 47 32% · 38.3% denied
Refinance 34 23% · 47.1% denied
Cash-out refinance 64 44% · 48.4% denied

By loan type

Conventional 140 97% · 45.7% denied
FHA 5 3% · 20.0% denied

Why it denied Utah applicants

Credit history 39 60%
Collateral 11 17%
Insufficient cash 5 8%
Debt-to-income ratio 5 8%
Unverifiable information 5 8%

Where in Utah

Counties with the most Homexpress Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Utah County 401722 55.0%
Salt Lake County 382018 47.4%
Washington County 241311 45.8%
Davis County 871 12.5%
Weber County 844 50.0%
Summit County 431 25.0%
Iron County 440 0.0%
Sanpete County 321 33.3%
Wasatch County 321 33.3%
Morgan County 202 100.0%

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: 145 applications in 2025, of which 79 were originated and 65 denied.

44.8% of all applications, or 45.1% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Homexpress Mortgage originated in Utah in 2025 was 7.38%, against a statewide median of 6.63%.

About this data. Figures are Homexpress 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