Summit County, Utah · 2025

Mortgage lenders in Summit County, UT: denial rates and top lenders (2025)

253 lenders acted on 2,856 mortgage applications for properties in Summit County in 2025. 16.6% were denied (Utah: 16.0%). Median rate on closed loans 6.63%; median loan $535,000; median property value $1,405,000.

2.9kApplications
16.6%Denial ratestate 16.0%
6.63%Median ratestate 6.63%
$535,000Median loan
$1,405,000Median property value

Largest lenders in Summit County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Mountain America Federal Credit Union D 237115 35.4%7.63%
2 United Shore Financial Services B 165116 13.9%6.63%
3 Zions Bancorporation B 15790 26.1%6.56%
4 U.S. Bank D 14094 12.9%6.13%
5 AMERICA FIRST Federal Credit Union C 13683 26.5%6.74%
6 Rocket Mortgage C 11586 14.8%6.75%
7 JPMorgan Chase Bank B 8461 6.0%5.88%
8 Fairway Independent Mortgage B 6841 7.4%6.63%
9 Morgan Stanley Private Bank A 6145 8.2%5.75%
10 Bank of America F 5929 27.1%5.50%
11 Newrez D 5323 15.1%6.75%
12 My Move Mortgage A 5342 0.0%6.13%
13 Wells Fargo Bank B 5025 18.0%5.88%
14 Intercap Lending A 4628 0.0%6.63%
15 Crosscountry Mortgage B 4428 0.0%6.63%
16 Goldenwest B 4426 27.3%7.50%
17 Better Mortgage F 3615 30.6%6.75%
18 The Loan Store B 3319 9.1%6.88%
19 Pennymac Loan Services C 3214 12.5%6.19%
20 Guild Mortgage A 3223 3.1%6.88%
21 Security Service Federal Credit Union C 3119 6.5%6.99%
22 PNC Bank D 3010 20.0%5.87%
23 Charles Schwab Bank A 3030 0.0%5.15%
24 Coastal Community Bank C 305 3.3%9.24%
25 Glacier Bank D 2914 20.7%6.61%

Best approval odds in Summit County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

What Summit County borrowers applied for

By loan purpose

Home purchase 1,188 42% · 10.2% denied
Refinance 585 20% · 18.1% denied
Cash-out refinance 378 13% · 20.1% denied
Home improvement 299 10% · 26.1% denied
Other / HELOC 406 14% · 23.2% denied

By loan type

Conventional 2,720 95% · 16.9% denied
FHA 76 3% · 15.8% denied
VA 58 2% · 5.2% denied
USDA / RHS 2 0% · 50.0% denied

Why applications were denied

Debt-to-income ratio 220 47%
Collateral 89 19%
Other 46 10%
Incomplete application 44 9%
Credit history 39 8%
Unverifiable information 21 4%
Insufficient cash 12 3%
Employment history 1 0%
Mortgage insurance denied 1 0%

Summit County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20232,2861,37215.9%6.88%$505,000
20242,4931,47218.3%6.99%$505,000
20252,8561,71116.6%6.63%$535,000

Frequently asked questions

16.6% of applications in Summit County were denied in 2025, against 16.0% statewide in Utah.

Mountain America Federal Credit Union, with 237 applications in 2025 and a denial rate of 35.4%.

The median mortgage application in Summit County in 2025 was for $535,000; the median property value on originated loans was $1,405,000.