Utah First · Utah · 2025

Utah First in Utah: approval rate, denial rate and rates (2025)

Utah First took 1,595 mortgage applications in Utah in 2025, ranking #18 of 575 lenders active in the state. It originated 62.3% of them and denied 28.9% (29.9% of the applications it decided), against a statewide denial rate of 16.0%.

1.6kApplicationsin UT
29.9%Decision denial ratestate 19.2%
7.50%Median ratestate 6.63%
$105,000Median loanstate $305,000
$176MVolume26 counties

Utah First in Utah vs the state

28.9%Denial rate+12.94 pts vs state
29.9%Decision denial rate+10.68 pts vs state
62.3%Origination rate-0.92 pts vs state
7.50%Median rate+0.88 pts vs state
0.30Rate spread (pts)+0.06 pts vs state
$146kMedian applicant income
994Loans originated
461Denied

Trend in Utah

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,10863035.8%8.25%#22
20241,25676233.4%8.50%#21
20251,59599428.9%7.50%#18

What Utah First lends in Utah

By loan purpose

Home purchase 102 6% · 21.6% denied
Refinance 196 12% · 31.1% denied
Cash-out refinance 7 0% · 71.4% denied
Home improvement 535 34% · 24.7% denied
Other / HELOC 755 47% · 31.9% denied

By loan type

Conventional 1,595 100% · 28.9% denied

Why it denied Utah applicants

Debt-to-income ratio 201 44%
Credit history 163 35%
Collateral 73 16%
Employment history 15 3%
Other 7 2%
Unverifiable information 2 0%

Where in Utah

Counties with the most Utah First applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Salt Lake County 686436194 28.3%
Utah County 398229135 33.9%
Davis County 22415652 23.2%
Washington County 1338731 23.3%
Weber County 38239 23.7%
Tooele County 311614 45.2%
Summit County 1895 27.8%
Wasatch County 1592 13.3%
Cache County 1495 35.7%
Iron County 632 33.3%

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: 1,595 applications in 2025, of which 994 were originated and 461 denied.

28.9% of all applications, or 29.9% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.

The median rate on loans Utah First originated in Utah in 2025 was 7.50%, against a statewide median of 6.63%.

About this data. Figures are Utah First'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