Utah First at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 412 home-equity (HELOC) lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
34th30.1% deniedPricingmedian rate spread over APOR, weight 30%
34th0.30 ptsProcesswithdrawn + incomplete share, weight 15%
92nd3.2%Trend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 1,135 | 642 | 36.0% | 36.9% | 8.25% | $107M |
| 2024 | 1,285 | 776 | 33.5% | 33.6% | 8.50% | $137M |
| 2025 | 1,615 | 1,001 | 29.2% | 30.1% | 7.50% | $177M |
What Utah First 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
By loan type
Also: 1,566 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 12 investment properties.
Why Utah First denies applications
Primary reason reported for each of the 471 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Utah First
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 52 | 10 | 69.4% |
| $50k – $100k | 345 | 187 | 36.9% |
| $100k – $150k | 432 | 262 | 31.7% |
| $150k – $250k | 544 | 360 | 26.7% |
| Over $250k | 235 | 176 | 17.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 215 | 116 | 40.4% |
| 35–44 | 515 | 310 | 31.9% |
| 45–54 | 510 | 346 | 25.7% |
| 55–64 | 232 | 142 | 31.0% |
| 65–74 | 93 | 58 | 23.3% |
| Over 74 | 44 | 26 | 20.9% |
Where Utah First lends
9 states and 39 counties in 2025. Click a state for the lender's full record there.
Frequently asked questions
Utah First denied 30.1% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 34th percentile of home-equity (HELOC) lenders.
The most common reason Utah First gave in 2025 was "debt-to-income ratio", cited on 43.7% 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 Utah First originated in 2025 was 7.50%, and its median rate spread over the average prime offer rate was 0.30 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 7% of its applications were for home purchases, 13% for refinancing (including cash-out), and 81% 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.