Wasatch County, Utah · 2025

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

223 lenders acted on 2,809 mortgage applications for properties in Wasatch County in 2025. 15.7% were denied (Utah: 16.0%). Median rate on closed loans 6.62%; median loan $525,000; median property value $1,035,000.

2.8kApplications
15.7%Denial ratestate 16.0%
6.62%Median ratestate 6.63%
$525,000Median loan
$1,035,000Median property value

Largest lenders in Wasatch County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Mountain America Federal Credit Union D 241105 37.8%7.24%
2 AMERICA FIRST Federal Credit Union C 196139 16.8%6.99%
3 United Shore Financial Services B 162133 8.6%6.60%
4 Utah Community Federal Credit Union B 10462 18.3%6.75%
5 Zions Bancorporation B 10163 21.8%6.49%
6 Guild Mortgage A 8957 3.4%6.63%
7 Rocket Mortgage C 8664 18.6%6.63%
8 Lennar Mortgage A 8158 11.1%4.99%
9 U.S. Bank D 8048 21.3%6.13%
10 Crosscountry Mortgage B 6146 1.6%6.88%
11 My Move Mortgage A 6045 0.0%5.99%
12 Intercap Lending A 5541 0.0%6.63%
13 JPMorgan Chase Bank B 5236 9.6%6.19%
14 The Loan Store B 5130 9.8%6.63%
15 Bank of America F 4735 12.8%5.50%
16 Kind Lending C 4730 25.5%6.50%
17 First Colony Mortgage A 4640 6.5%7.06%
18 Pulte Mortgage A 3622 19.4%4.99%
19 Wells Fargo Bank B 3518 8.6%5.63%
20 Fairway Independent Mortgage B 3521 0.0%6.75%
21 Morgan Stanley Private Bank A 3027 3.3%5.65%
22 Newrez D 3012 13.3%6.88%
23 Pennymac Loan Services C 2916 17.2%6.38%
24 Bank of Utah A 2615 0.0%6.88%
25 Goldenwest B 2413 29.2%7.50%

Best approval odds in Wasatch County

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

What Wasatch County borrowers applied for

By loan purpose

Home purchase 1,338 48% · 9.4% denied
Refinance 595 21% · 18.3% denied
Cash-out refinance 319 11% · 17.2% denied
Home improvement 266 9% · 27.8% denied
Other / HELOC 291 10% · 26.8% denied

By loan type

Conventional 2,596 92% · 15.8% denied
FHA 135 5% · 17.0% denied
VA 77 3% · 9.1% denied
USDA / RHS 1 0% · 100.0% denied

Why applications were denied

Debt-to-income ratio 192 44%
Collateral 65 15%
Credit history 51 12%
Other 44 10%
Incomplete application 41 9%
Unverifiable information 35 8%
Insufficient cash 7 2%
Employment history 5 1%

Wasatch County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20232,0921,25915.1%7.00%$485,000
20242,5581,56215.1%6.99%$485,000
20252,8091,75515.7%6.62%$525,000

Frequently asked questions

15.7% of applications in Wasatch County were denied in 2025, against 16.0% statewide in Utah.

Mountain America Federal Credit Union, with 241 applications in 2025 and a denial rate of 37.8%.

The median mortgage application in Wasatch County in 2025 was for $525,000; the median property value on originated loans was $1,035,000.