Intercap Lending · Utah · 2025

Intercap Lending in Utah: approval rate, denial rate and rates (2025)

Intercap Lending took 4,881 mortgage applications in Utah in 2025, ranking #6 of 575 lenders active in the state. It originated 75.2% of them and denied 0.7% (0.9% of the applications it decided), against a statewide denial rate of 16.0%.

4.9kApplicationsin UT
0.9%Decision denial ratestate 19.2%
6.50%Median ratestate 6.63%
$405,000Median loanstate $305,000
$1.5BVolume29 counties

Intercap Lending in Utah vs the state

0.7%Denial rate-15.26 pts vs state
0.9%Decision denial rate-18.31 pts vs state
75.2%Origination rate+11.99 pts vs state
6.50%Median rate-0.13 pts vs state
0.32Rate spread (pts)+0.08 pts vs state
$114kMedian applicant income
3,672Loans originated
34Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,6813,4121.2%6.88%#5
20244,9053,7350.9%6.63%#4
20254,8813,6720.7%6.50%#6

What Intercap Lending lends in Utah

By loan purpose

Home purchase 3,814 78% · 0.4% denied
Refinance 703 14% · 1.1% denied
Cash-out refinance 364 7% · 2.8% denied

By loan type

Conventional 3,468 71% · 0.5% denied
FHA 1,136 23% · 1.3% denied
VA 265 5% · 1.1% denied
USDA / RHS 12 0% · 0.0% denied

Why it denied Utah applicants

Debt-to-income ratio 11 32%
Collateral 9 26%
Credit history 9 26%
Unverifiable information 3 9%
Insufficient cash 1 3%
Mortgage insurance denied 1 3%

Where in Utah

Counties with the most Intercap Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 1,5621,18513 0.8%
Utah County 1,0177689 0.9%
Davis County 5173831 0.2%
Weber County 4893555 1.0%
Washington County 3312480 0.0%
Box Elder County 1941460 0.0%
Tooele County 1801431 0.6%
Iron County 120942 1.7%
Cache County 81580 0.0%
Sevier County 72620 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%
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%
Utah Community Federal Credit UnionB 2,57316.1%6.99%

Frequently asked questions

Utah: 4,881 applications in 2025, of which 3,672 were originated and 34 denied.

0.7% of all applications, or 0.9% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Intercap Lending originated in Utah in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Intercap Lending'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