Wells Fargo Bank in Utah vs the state
19.1%Denial rate+3.15 pts vs state
28.0%Decision denial rate+8.81 pts vs state
48.7%Origination rate-14.52 pts vs state
6.13%Median rate-0.50 pts vs state
-0.07Rate spread (pts)-0.31 pts vs state
$140kMedian applicant income
209Loans originated
82Denied
Trend in Utah
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 689 | 353 | 21.0% | 5.75% | #36 |
| 2024 | 415 | 202 | 23.9% | 6.38% | #58 |
| 2025 | 429 | 209 | 19.1% | 6.13% | #62 |
What Wells Fargo Bank lends in Utah
By loan purpose
By loan type
Why it denied Utah applicants
Where in Utah
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Salt Lake County | 128 | 67 | 23 | 18.0% |
| Utah County | 50 | 21 | 13 | 26.0% |
| Summit County | 50 | 25 | 9 | 18.0% |
| Davis County | 39 | 20 | 9 | 23.1% |
| Wasatch County | 35 | 18 | 3 | 8.6% |
| Washington County | 32 | 17 | 5 | 15.6% |
| Weber County | 26 | 11 | 3 | 11.5% |
| Carbon County | 13 | 5 | 6 | 46.2% |
| Iron County | 11 | 4 | 4 | 36.4% |
| Cache County | 9 | 3 | 4 | 44.4% |
Other large lenders in Utah
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| AMERICA FIRST Federal Credit Union | C | 16,303 | 18.3% | 6.99% |
| Mountain America Federal Credit Union | D | 15,401 | 36.5% | 7.24% |
| United Shore Financial Services | B | 11,325 | 8.5% | 6.25% |
| Rocket Mortgage | C | 6,276 | 14.6% | 6.63% |
| Guild Mortgage | A | 5,427 | 1.5% | 6.50% |
| Intercap Lending | A | 4,881 | 0.7% | 6.50% |
| Goldenwest | B | 4,794 | 17.6% | 7.50% |
| First Colony Mortgage | A | 3,499 | 2.1% | 6.38% |
| Kind Lending | C | 3,227 | 20.3% | 6.50% |
| Zions Bancorporation | B | 3,013 | 22.9% | 6.49% |
Frequently asked questions
Utah: 429 applications in 2025, of which 209 were originated and 82 denied.
19.1% of all applications, or 28.0% of the applications it actually decided on. The Utah statewide average across all lenders was 16.0%.
The median rate on loans Wells Fargo Bank originated in Utah in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Wells Fargo 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