USAA Federal Savings Bank · Utah · 2025

USAA Federal Savings Bank in Utah: approval rate, denial rate and rates (2025)

USAA Federal Savings Bank took 145 mortgage applications in Utah in 2025, ranking #116 of 575 lenders active in the state. It originated 43.5% of them and denied 26.2% (37.6% of the applications it decided), against a statewide denial rate of 16.0%.

145Applicationsin UT
37.6%Decision denial ratestate 19.2%
6.25%Median ratestate 6.63%
$425,000Median loanstate $305,000
$28MVolume18 counties

USAA Federal Savings Bank in Utah vs the state

26.2%Denial rate+10.25 pts vs state
37.6%Decision denial rate+18.44 pts vs state
43.5%Origination rate-19.79 pts vs state
6.25%Median rate-0.38 pts vs state
-0.21Rate spread (pts)-0.45 pts vs state
$151kMedian applicant income
63Loans originated
38Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231445820.8%6.25%#105
20241617721.7%6.38%#103
20251456326.2%6.25%#116

What USAA Federal Savings Bank lends in Utah

By loan purpose

Home purchase 120 83% · 24.2% denied
Refinance 5 3% · 0.0% denied
Cash-out refinance 16 11% · 43.8% denied
Home improvement 1 1% · 0.0% denied
Other / HELOC 3 2% · 66.7% denied

By loan type

Conventional 66 46% · 25.8% denied
VA 79 54% · 26.6% denied

Why it denied Utah applicants

Incomplete application 18 47%
Debt-to-income ratio 9 24%
Unverifiable information 5 13%
Insufficient cash 2 5%
Collateral 2 5%
Other 1 3%
Credit history 1 3%

Where in Utah

Counties with the most USAA Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 441811 25.0%
Utah County 2187 33.3%
Davis County 1865 27.8%
Weber County 1686 37.5%
Washington County 1583 20.0%
Cache County 741 14.3%
Summit County 402 50.0%
Box Elder County 430 0.0%
Iron County 431 25.0%
Sevier County 210 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: 145 applications in 2025, of which 63 were originated and 38 denied.

26.2% of all applications, or 37.6% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans USAA Federal Savings Bank originated in Utah in 2025 was 6.25%, against a statewide median of 6.63%.

About this data. Figures are USAA Federal Savings 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