Sofi Bank in Utah vs the state
9.1%Denial rate-6.91 pts vs state
20.3%Decision denial rate+1.16 pts vs state
34.7%Origination rate-28.55 pts vs state
7.67%Median rate+1.04 pts vs state
1.69Rate spread (pts)+1.45 pts vs state
$141kMedian applicant income
230Loans originated
60Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 73 | 28 | 17.8% | 6.50% | #137 |
| 2024 | 161 | 74 | 13.0% | 7.13% | #102 |
| 2025 | 663 | 230 | 9.1% | 7.67% | #45 |
What Sofi Bank lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 260 | 89 | 26 | 10.0% |
| Utah County | 161 | 40 | 15 | 9.3% |
| Davis County | 88 | 44 | 6 | 6.8% |
| Washington County | 41 | 11 | 4 | 9.8% |
| Weber County | 29 | 14 | 0 | 0.0% |
| Tooele County | 17 | 6 | 1 | 5.9% |
| Cache County | 17 | 6 | 1 | 5.9% |
| Summit County | 8 | 4 | 2 | 25.0% |
| Wasatch County | 8 | 1 | 2 | 25.0% |
| Iron County | 8 | 4 | 0 | 0.0% |
Other large lenders in Utah
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| AMERICA FIRST Federal Credit Union | C | 16,303 | 18.3% | 6.99% |
| Mountain America Federal Credit Union | D | 15,401 | 36.5% | 7.24% |
| United Shore Financial Services | B | 11,325 | 8.5% | 6.25% |
| Rocket Mortgage | C | 6,276 | 14.6% | 6.63% |
| Guild Mortgage | A | 5,427 | 1.5% | 6.50% |
| Intercap Lending | A | 4,881 | 0.7% | 6.50% |
| Goldenwest | B | 4,794 | 17.6% | 7.50% |
| First Colony Mortgage | A | 3,499 | 2.1% | 6.38% |
| Kind Lending | C | 3,227 | 20.3% | 6.50% |
| Zions Bancorporation | B | 3,013 | 22.9% | 6.49% |
Frequently asked questions
Utah: 663 applications in 2025, of which 230 were originated and 60 denied.
9.1% of all applications, or 20.3% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans Sofi Bank originated in Utah in 2025 was 7.67%, against a statewide median of 6.63%.
About this data. Figures are Sofi 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