Quorum Federal Credit Union · Utah · 2025

Quorum Federal Credit Union in Utah: approval rate, denial rate and rates (2025)

Quorum Federal Credit Union took 146 mortgage applications in Utah in 2025, ranking #115 of 575 lenders active in the state. It originated 43.2% of them and denied 41.1% (42.0% of the applications it decided), against a statewide denial rate of 16.0%.

146Applicationsin UT
42.0%Decision denial ratestate 19.2%
8.75%Median ratestate 6.63%
$125,000Median loanstate $305,000
$9.9MVolume17 counties

Quorum Federal Credit Union in Utah vs the state

41.1%Denial rate+25.14 pts vs state
42.0%Decision denial rate+22.78 pts vs state
43.2%Origination rate-20.09 pts vs state
8.75%Median rate+2.13 pts vs state
1.64Rate spread (pts)+1.40 pts vs state
$138kMedian applicant income
63Loans originated
60Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
202322559.1%11.50%#203
20241015234.7%9.63%#132
20251466341.1%8.75%#115

What Quorum Federal Credit Union lends in Utah

By loan purpose

Home purchase 2 1% · 50.0% denied
Refinance 19 13% · 47.4% denied
Cash-out refinance 120 82% · 38.3% denied
Home improvement 5 3% · 80.0% denied

By loan type

Conventional 146 100% · 41.1% denied

Why it denied Utah applicants

Debt-to-income ratio 36 60%
Incomplete application 13 22%
Collateral 5 8%
Other 5 8%
Unverifiable information 1 2%

Where in Utah

Counties with the most Quorum Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 401718 45.0%
Washington County 241111 45.8%
Tooele County 16104 25.0%
Davis County 1356 46.2%
Wasatch County 1155 45.5%
Utah County 1126 54.5%
Uintah County 932 22.2%
Weber County 642 33.3%
Summit County 421 25.0%
Iron County 210 0.0%

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: 146 applications in 2025, of which 63 were originated and 60 denied.

41.1% of all applications, or 42.0% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Quorum Federal Credit Union originated in Utah in 2025 was 8.75%, against a statewide median of 6.63%.

About this data. Figures are Quorum Federal Credit Union'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