The Loan Store · Utah · 2025

The Loan Store in Utah: approval rate, denial rate and rates (2025)

The Loan Store took 2,524 mortgage applications in Utah in 2025, ranking #12 of 575 lenders active in the state. It originated 76.0% of them and denied 5.4% (6.1% of the applications it decided), against a statewide denial rate of 16.0%.

2.5kApplicationsin UT
6.1%Decision denial ratestate 19.2%
6.49%Median ratestate 6.63%
$395,000Median loanstate $305,000
$809MVolume28 counties

The Loan Store in Utah vs the state

5.4%Denial rate-10.53 pts vs state
6.1%Decision denial rate-13.12 pts vs state
76.0%Origination rate+12.71 pts vs state
6.49%Median rate-0.13 pts vs state
0.19Rate spread (pts)-0.05 pts vs state
$135kMedian applicant income
1,917Loans originated
137Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
202329819112.4%7.00%#69
20241,7091,1437.4%6.63%#16
20252,5241,9175.4%6.49%#12

What The Loan Store lends in Utah

By loan purpose

Home purchase 1,731 69% · 3.6% denied
Refinance 263 10% · 4.2% denied
Cash-out refinance 247 10% · 6.1% denied
Home improvement 95 4% · 12.6% denied
Other / HELOC 188 7% · 19.7% denied

By loan type

Conventional 2,173 86% · 5.2% denied
FHA 290 11% · 6.6% denied
VA 47 2% · 6.4% denied
USDA / RHS 14 1% · 14.3% denied

Why it denied Utah applicants

Debt-to-income ratio 88 64%
Collateral 23 17%
Incomplete application 10 7%
Credit history 6 4%
Insufficient cash 4 3%
Other 3 2%
Employment history 2 1%
Unverifiable information 1 1%

Where in Utah

Counties with the most The Loan Store applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 73554252 7.1%
Utah County 54041027 5.0%
Washington County 32926012 3.6%
Davis County 2271805 2.2%
Weber County 1711327 4.1%
Tooele County 112947 6.3%
Cache County 86685 5.8%
Iron County 58405 8.6%
Wasatch County 51305 9.8%
Summit County 33193 9.1%

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: 2,524 applications in 2025, of which 1,917 were originated and 137 denied.

5.4% of all applications, or 6.1% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans The Loan Store originated in Utah in 2025 was 6.49%, against a statewide median of 6.63%.

About this data. Figures are The Loan Store'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