Primary Residential Mortgage · Utah · 2025

Primary Residential Mortgage in Utah: approval rate, denial rate and rates (2025)

Primary Residential Mortgage took 467 mortgage applications in Utah in 2025, ranking #59 of 575 lenders active in the state. It originated 76.0% of them and denied 3.6% (4.6% of the applications it decided), against a statewide denial rate of 16.0%.

467Applicationsin UT
4.6%Decision denial ratestate 19.2%
6.63%Median ratestate 6.63%
$395,000Median loanstate $305,000
$138MVolume21 counties

Primary Residential Mortgage in Utah vs the state

3.6%Denial rate-12.32 pts vs state
4.6%Decision denial rate-14.61 pts vs state
76.0%Origination rate+12.78 pts vs state
6.63%Median rate0.00 pts vs state
0.35Rate spread (pts)+0.11 pts vs state
$113kMedian applicant income
355Loans originated
17Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234463491.8%6.75%#58
20244143131.5%6.63%#59
20254673553.6%6.63%#59

What Primary Residential Mortgage lends in Utah

By loan purpose

Home purchase 373 80% · 3.5% denied
Refinance 44 9% · 4.6% denied
Cash-out refinance 50 11% · 4.0% denied

By loan type

Conventional 342 73% · 3.8% denied
FHA 101 22% · 4.0% denied
VA 21 4% · 0.0% denied
USDA / RHS 3 1% · 0.0% denied

Why it denied Utah applicants

Debt-to-income ratio 8 47%
Credit history 4 24%
Insufficient cash 2 12%
Collateral 2 12%
Other 1 6%

Where in Utah

Counties with the most Primary Residential Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 1421036 4.2%
Weber County 75572 2.7%
Davis County 71571 1.4%
Utah County 42321 2.4%
San Juan County 40313 7.5%
Grand County 36292 5.6%
Washington County 29191 3.4%
Tooele County 760 0.0%
Morgan County 540 0.0%
Carbon County 321 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: 467 applications in 2025, of which 355 were originated and 17 denied.

3.6% of all applications, or 4.6% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Primary Residential Mortgage originated in Utah in 2025 was 6.63%, against a statewide median of 6.63%.

About this data. Figures are Primary Residential Mortgage'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