KeyBank in Utah vs the state
28.6%Denial rate+12.66 pts vs state
38.7%Decision denial rate+19.52 pts vs state
43.7%Origination rate-19.51 pts vs state
6.75%Median rate+0.13 pts vs state
0.24Rate spread (pts)0.00 pts vs state
$118kMedian applicant income
136Loans originated
89Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 663 | 309 | 30.5% | 7.38% | #39 |
| 2024 | 302 | 118 | 34.1% | 6.88% | #74 |
| 2025 | 311 | 136 | 28.6% | 6.75% | #77 |
What KeyBank lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most KeyBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 110 | 53 | 31 | 28.2% |
| Davis County | 43 | 18 | 9 | 20.9% |
| Utah County | 37 | 20 | 9 | 24.3% |
| Weber County | 32 | 9 | 8 | 25.0% |
| Tooele County | 24 | 11 | 9 | 37.5% |
| Summit County | 22 | 9 | 8 | 36.4% |
| Box Elder County | 10 | 3 | 4 | 40.0% |
| Cache County | 9 | 4 | 2 | 22.2% |
| Washington County | 8 | 5 | 0 | 0.0% |
| Wasatch County | 5 | 1 | 3 | 60.0% |
Other large lenders in Utah
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| AMERICA FIRST Federal Credit Union | C | 16,303 | 18.3% | 6.99% |
| Mountain America Federal Credit Union | D | 15,401 | 36.5% | 7.24% |
| United Shore Financial Services | B | 11,325 | 8.5% | 6.25% |
| Rocket Mortgage | C | 6,276 | 14.6% | 6.63% |
| Guild Mortgage | A | 5,427 | 1.5% | 6.50% |
| Intercap Lending | A | 4,881 | 0.7% | 6.50% |
| Goldenwest | B | 4,794 | 17.6% | 7.50% |
| First Colony Mortgage | A | 3,499 | 2.1% | 6.38% |
| Kind Lending | C | 3,227 | 20.3% | 6.50% |
| Zions Bancorporation | B | 3,013 | 22.9% | 6.49% |
Frequently asked questions
Utah: 311 applications in 2025, of which 136 were originated and 89 denied.
28.6% of all applications, or 38.7% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans KeyBank originated in Utah in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are KeyBank'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