State Bank of Southern Utah · Utah · 2025

State Bank of Southern Utah in Utah: approval rate, denial rate and rates (2025)

State Bank of Southern Utah took 797 mortgage applications in Utah in 2025, ranking #42 of 575 lenders active in the state. It originated 74.7% of them and denied 9.5% (10.6% of the applications it decided), against a statewide denial rate of 16.0%.

797Applicationsin UT
10.6%Decision denial ratestate 19.2%
7.50%Median ratestate 6.63%
$165,000Median loanstate $305,000
$122MVolume16 counties

State Bank of Southern Utah in Utah vs the state

9.5%Denial rate-6.42 pts vs state
10.6%Decision denial rate-8.57 pts vs state
74.7%Origination rate+11.41 pts vs state
7.50%Median rate+0.88 pts vs state
0.22Rate spread (pts)-0.02 pts vs state
$119kMedian applicant income
595Loans originated
76Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
202371852713.4%8.00%#34
202482859312.2%8.25%#36
20257975959.5%7.50%#42

What State Bank of Southern Utah lends in Utah

By loan purpose

Home purchase 193 24% · 7.8% denied
Refinance 168 21% · 3.6% denied
Cash-out refinance 38 5% · 31.6% denied
Home improvement 137 17% · 10.2% denied
Other / HELOC 261 33% · 11.1% denied

By loan type

Conventional 797 100% · 9.5% denied

Why it denied Utah applicants

Debt-to-income ratio 46 61%
Collateral 12 16%
Credit history 12 16%
Other 3 4%
Insufficient cash 2 3%
Unverifiable information 1 1%

Where in Utah

Counties with the most State Bank of Southern Utah applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Iron County 29122219 6.5%
Washington County 14310519 13.3%
Millard County 96804 4.2%
Kane County 775413 16.9%
Sevier County 60379 15.0%
Garfield County 42296 14.3%
Sanpete County 32231 3.1%
Piute County 15113 20.0%
Wayne County 1582 13.3%
Beaver County 14140 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: 797 applications in 2025, of which 595 were originated and 76 denied.

9.5% of all applications, or 10.6% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans State Bank of Southern Utah originated in Utah in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are State Bank of Southern Utah'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