Sun American Mortgage · Utah · 2025

Sun American Mortgage in Utah: approval rate, denial rate and rates (2025)

Sun American Mortgage took 535 mortgage applications in Utah in 2025, ranking #56 of 575 lenders active in the state. It originated 66.9% of them and denied 1.7% (2.5% of the applications it decided), against a statewide denial rate of 16.0%.

535Applicationsin UT
2.5%Decision denial ratestate 19.2%
6.49%Median ratestate 6.63%
$375,000Median loanstate $305,000
$138MVolume20 counties

Sun American Mortgage in Utah vs the state

1.7%Denial rate-14.28 pts vs state
2.5%Decision denial rate-16.73 pts vs state
66.9%Origination rate+3.68 pts vs state
6.49%Median rate-0.13 pts vs state
0.18Rate spread (pts)-0.06 pts vs state
$108kMedian applicant income
358Loans originated
9Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236613460.8%6.50%#41
20245433441.7%6.50%#53
20255353581.7%6.49%#56

What Sun American Mortgage lends in Utah

By loan purpose

Home purchase 360 67% · 1.9% denied
Refinance 99 19% · 0.0% denied
Cash-out refinance 76 14% · 2.6% denied

By loan type

Conventional 369 69% · 1.4% denied
FHA 121 23% · 3.3% denied
VA 43 8% · 0.0% denied
USDA / RHS 2 0% · 0.0% denied

Why it denied Utah applicants

Debt-to-income ratio 4 44%
Unverifiable information 2 22%
Insufficient cash 1 11%
Credit history 1 11%
Collateral 1 11%

Where in Utah

Counties with the most Sun American Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Washington County 3702516 1.6%
Iron County 34292 5.9%
Utah County 33240 0.0%
Salt Lake County 28180 0.0%
Sevier County 2091 5.0%
Davis County 970 0.0%
Tooele County 540 0.0%
Wasatch County 330 0.0%
Beaver County 210 0.0%
Sanpete County 220 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: 535 applications in 2025, of which 358 were originated and 9 denied.

1.7% of all applications, or 2.5% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Sun American Mortgage originated in Utah in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are Sun American 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