Mortgage Research Center · Utah · 2025

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

Mortgage Research Center took 1,069 mortgage applications in Utah in 2025, ranking #32 of 575 lenders active in the state. It originated 41.8% of them and denied 17.2% (28.8% of the applications it decided), against a statewide denial rate of 16.0%.

1.1kApplicationsin UT
28.8%Decision denial ratestate 19.2%
5.99%Median ratestate 6.63%
$425,000Median loanstate $305,000
$206MVolume25 counties

Mortgage Research Center in Utah vs the state

17.2%Denial rate+1.25 pts vs state
28.8%Decision denial rate+9.66 pts vs state
41.8%Origination rate-21.43 pts vs state
5.99%Median rate-0.63 pts vs state
-0.43Rate spread (pts)-0.67 pts vs state
$107kMedian applicant income
447Loans originated
184Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
202357623118.2%6.63%#46
202476133417.7%6.25%#41
20251,06944717.2%5.99%#32

What Mortgage Research Center lends in Utah

By loan purpose

Home purchase 577 54% · 4.5% denied
Refinance 213 20% · 25.8% denied
Cash-out refinance 279 26% · 36.9% denied

By loan type

Conventional 47 4% · 19.2% denied
FHA 15 1% · 6.7% denied
VA 1,007 94% · 17.3% denied

Why it denied Utah applicants

Credit history 97 53%
Other 41 22%
Incomplete application 30 16%
Debt-to-income ratio 9 5%
Collateral 4 2%
Employment history 2 1%
Insufficient cash 1 1%

Where in Utah

Counties with the most Mortgage Research Center applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 2108042 20.0%
Weber County 1647822 13.4%
Davis County 1546529 18.8%
Utah County 1214623 19.0%
Washington County 773610 13.0%
Tooele County 621813 21.0%
Iron County 54248 14.8%
Box Elder County 501610 20.0%
Cache County 43227 16.3%
Uintah County 1681 6.3%

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: 1,069 applications in 2025, of which 447 were originated and 184 denied.

17.2% of all applications, or 28.8% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Mortgage Research Center originated in Utah in 2025 was 5.99%, against a statewide median of 6.63%.

About this data. Figures are Mortgage Research Center'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