Mortgage lender · Salt Lake City, UT · LEI 549300GWD9H4FQ2VR805

UBS Bank USA review: approval odds, rates and grade (2025)

UBS Bank USA earns an A, placing it in the top fifth of mid-size mortgage lenders. It turned down 7.7% of the applications it decided on in 2025, which ranks in the 58th percentile for approval odds. Its median loan was priced 0.12 points below the average prime offer rate, ranking in the 88th percentile on pricing. Compared against 581 mid-size mortgage lenders using 2025 HMDA filings.

4.5kApplications2025
75.6%Originatedof applications
7.7%Decision denial ratenational 22.6%
5.88%Median ratenational 6.63%
$4.7BLoan volume51 states

UBS Bank USA at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

6.3%Denial rate (all applications)-11.64 pts vs national
7.7%Denial rate (decided applications)-14.88 pts vs national
75.6%Origination rate+17.55 pts vs national
16.1%Withdrawn by applicant
1.7%Closed for incompleteness
5.88%Median interest rate-0.75 pts vs national
-0.12Median rate spread (pts over APOR)-0.37 pts vs national
$905,000Median loan amount
$5,932Median total loan costs
$464kMedian applicant income
73%Median loan-to-value
0High-cost (HOEPA) loans

How the A grade breaks down

Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

58th7.7% denied

Pricingmedian rate spread over APOR, weight 30%

88th-0.12 pts

Processwithdrawn + incomplete share, weight 15%

46th17.8%

Closing coststotal loan costs ÷ loan amount, weight 10%

95th0.66% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20233,4672,4958.5%10.5%6.00%$3.1B
20243,3972,5376.7%8.1%6.38%$3.5B
20254,4803,3866.3%7.7%5.88%$4.7B

What UBS Bank USA lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 2,841 63% · 4.7% denied
Refinance 400 9% · 9.8% denied
Cash-out refinance 248 6% · 14.1% denied
Other / HELOC 991 22% · 7.7% denied

By loan type

Conventional 4,480 100% · 6.3% denied

Also: 0 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 253 investment properties.

Why UBS Bank USA denies applications

Primary reason reported for each of the 284 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 132 46%
Incomplete application 76 27%
Collateral 45 16%
Other 16 6%
Credit history 10 4%
Insufficient cash 5 2%

How these reasons compare nationally →

Who gets approved at UBS Bank USA

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
$50k – $100k1135731.8%
$100k – $150k20913912.6%
$150k – $250k6324829.4%
Over $250k3,4522,6865.5%
Applicant ageApplicationsOriginatedDecision denial rate
Under 25402919.4%
25–347586156.4%
35–441,0397777.5%
45–548526357.9%
55–649557217.5%
65–745854367.6%
Over 7421515211.1%

Where UBS Bank USA lends

51 states and 605 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
California7495525.9%5.88%#199
Florida4593169.8%5.88%#251
New York4483087.8%5.88%#144
Texas27520010.2%5.88%#354
Colorado2231636.7%5.75%#170
New Jersey1741394.6%5.88%#210
Massachusetts1541244.6%5.88%#195
Washington1541305.2%5.88%#211
North Carolina1311113.1%5.88%#286
Arizona123984.9%5.94%#223
Illinois112848.9%6.00%#331
Tennessee112863.6%6.00%#298
Connecticut106825.7%5.88%#163
Michigan997311.1%5.88%#277
Georgia97794.1%5.88%#342
South Carolina97738.3%5.88%#261
Ohio94703.2%6.13%#332
Pennsylvania70574.3%6.00%#432
Minnesota69581.5%5.88%#249
Oregon68562.9%5.88%#197
Virginia66563.0%6.06%#340
Utah62523.2%5.81%#157
Maryland56525.4%6.00%#304
Nevada54389.3%5.94%#202
Idaho44299.1%5.88%#171
Montana35275.7%5.88%#114
Indiana33266.1%5.88%#399
District of Columbia32243.1%5.88%#96
Wisconsin25214.0%5.88%#395
Hawaii23204.4%5.81%#123
Kentucky23194.4%6.25%#337
Maine23154.4%6.13%#168
New Hampshire20155.0%6.13%#188
Louisiana19145.3%6.13%#318
Rhode Island18145.6%6.00%#151
Vermont17135.9%6.25%#87
Oklahoma16100.0%6.50%#353
Missouri14120.0%6.25%#477
Alabama13110.0%6.38%#440
Arkansas1280.0%5.88%#328
Delaware1199.1%6.25%#231
New Mexico10810.0%5.81%#252
Kansas9711.1%6.13%#356
Mississippi770.0%5.88%#313
Nebraska660.0%6.19%#296
Wyoming650.0%5.50%#182
Alaska540.0%6.19%#140

Frequently asked questions

UBS Bank USA denied 7.7% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 58th percentile of mid-size mortgage lenders.

The most common reason UBS Bank USA gave in 2025 was "debt-to-income ratio", cited on 46.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans UBS Bank USA originated in 2025 was 5.88%, and its median rate spread over the average prime offer rate was -0.12 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 63% of its applications were for home purchases, 14% for refinancing (including cash-out), and 22% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with UBS Bank USA. Data sources · Methodology