Manufacturers and Traders Trust · Utah · 2025

Manufacturers and Traders Trust in Utah: approval rate, denial rate and rates (2025)

Manufacturers and Traders Trust took 40 mortgage applications in Utah in 2025, ranking #191 of 575 lenders active in the state. It originated 60.0% of them and denied 10.0% (14.3% of the applications it decided), against a statewide denial rate of 16.0%.

40Applicationsin UT
14.3%Decision denial ratestate 19.2%
4.19%Median ratestate 6.63%
$405,000Median loanstate $305,000
$17MVolume11 counties

Manufacturers and Traders Trust in Utah vs the state

10.0%Denial rate-5.96 pts vs state
14.3%Decision denial rate-4.89 pts vs state
60.0%Origination rate-3.24 pts vs state
4.19%Median rate-2.44 pts vs state
0.15Rate spread (pts)-0.09 pts vs state
$145kMedian applicant income
24Loans originated
4Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023332012.1%4.25%#175
202426183.9%4.06%#206
2025402410.0%4.19%#191

What Manufacturers and Traders Trust lends in Utah

By loan purpose

Home purchase 24 60% · 4.2% denied
Refinance 5 13% · 20.0% denied
Cash-out refinance 7 18% · 28.6% denied
Other / HELOC 4 10% · 0.0% denied

By loan type

Conventional 13 33% · 0.0% denied
FHA 8 20% · 12.5% denied
VA 19 48% · 15.8% denied

Why it denied Utah applicants

Debt-to-income ratio 1 25%
Credit history 1 25%
Other 1 25%
Incomplete application 1 25%

Where in Utah

Counties with the most Manufacturers and Traders Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 1060 0.0%
Davis County 750 0.0%
Weber County 751 14.3%
Utah County 512 40.0%
Summit County 440 0.0%
Wasatch County 220 0.0%
Uintah County 100 0.0%
Juab County 100 0.0%
Box Elder County 110 0.0%
Cache County 101 100.0%

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: 40 applications in 2025, of which 24 were originated and 4 denied.

10.0% of all applications, or 14.3% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Manufacturers and Traders Trust originated in Utah in 2025 was 4.19%, against a statewide median of 6.63%.

About this data. Figures are Manufacturers and Traders Trust'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