PNC Bank · Utah · 2025

PNC Bank in Utah: approval rate, denial rate and rates (2025)

PNC Bank took 320 mortgage applications in Utah in 2025, ranking #75 of 575 lenders active in the state. It originated 41.6% of them and denied 31.3% (42.4% of the applications it decided), against a statewide denial rate of 16.0%.

320Applicationsin UT
42.4%Decision denial ratestate 19.2%
6.38%Median ratestate 6.63%
$155,000Median loanstate $305,000
$179MVolume18 counties

PNC Bank in Utah vs the state

31.3%Denial rate+15.29 pts vs state
42.4%Decision denial rate+23.19 pts vs state
41.6%Origination rate-21.68 pts vs state
6.38%Median rate-0.25 pts vs state
-0.17Rate spread (pts)-0.41 pts vs state
$137kMedian applicant income
133Loans originated
100Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
202326611824.1%9.11%#77
202431013425.8%9.23%#71
202532013331.3%6.38%#75

What PNC Bank lends in Utah

By loan purpose

Home purchase 68 21% · 25.0% denied
Refinance 54 17% · 29.6% denied
Cash-out refinance 4 1% · 0.0% denied
Home improvement 101 32% · 23.8% denied
Other / HELOC 93 29% · 46.2% denied

By loan type

Conventional 319 100% · 31.4% denied
FHA 1 0% · 0.0% denied

Why it denied Utah applicants

Debt-to-income ratio 49 49%
Credit history 26 26%
Incomplete application 12 12%
Collateral 7 7%
Other 5 5%
Unverifiable information 1 1%

Where in Utah

Counties with the most PNC Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 1215138 31.4%
Utah County 763523 30.3%
Summit County 30106 20.0%
Davis County 1797 41.2%
Wasatch County 1483 21.4%
Weber County 1463 21.4%
Washington County 1225 41.7%
Tooele County 1054 40.0%
Iron County 905 55.6%
Cache County 632 33.3%

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: 320 applications in 2025, of which 133 were originated and 100 denied.

31.3% of all applications, or 42.4% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans PNC Bank originated in Utah in 2025 was 6.38%, against a statewide median of 6.63%.

About this data. Figures are PNC Bank'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