States › Utah
Utah mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Utah, with all 29 counties.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Record year 2024.
Utah had 140,062 HMDA-reported mortgage applications and 87,315 originations ($30bn) in 2024, from 209 lenders with at least 25 applications in the state.
The statewide denial rate was 20.5% (national 24.3%) and the median rate spread 0.4 percentage points (national 0.3). Originations ran at 77.6 per 1,000 households, against 48.0 nationally.
Originations in the state went from 120,693 in 2018 to 87,315 in 2024; the denial rate moved from 17.8% to 20.5%.
The most active lenders by originations were America First Federal Credit Union (12,631), United Wholesale Mortgage (8,571) and Mountain America Federal Credit Union (7,147).
Most active lenders in Utah
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | America First Federal Credit Union | 17,017 | 12,631 | $1.5bn | 17.9% | 0.5 |
| 2 | United Wholesale Mortgage | 10,778 | 8,571 | $3.9bn | 9.3% | 0.1 |
| 3 | Mountain America Federal Credit Union | 15,391 | 7,147 | $1.2bn | 40.5% | 0.9 |
| 4 | Rocket Mortgage | 4,899 | 3,784 | $1.3bn | 15.2% | 0.3 |
| 5 | Intercap Lending Inc | 4,905 | 3,735 | $1.4bn | 1.1% | 0.4 |
| 6 | Guild Mortgage Company | 4,252 | 3,115 | $1.2bn | 2.9% | 0.4 |
| 7 | First Colony Mortgage Corporation | 3,181 | 2,678 | $1.1bn | 1.6% | 0.2 |
| 8 | Goldenwest Credit Union | 4,218 | 2,489 | $472m | 27.7% | 0.3 |
| 9 | Securitynational Mortgage Company | 2,467 | 1,704 | $535m | 5.8% | 0.8 |
| 10 | Zions Bancorporation, N.A. | 3,018 | 1,650 | $794m | 26.4% | 0.8 |
| 11 | DHI Mortgage Company, LTD. | 1,870 | 1,561 | $594m | 6.7% | -0.7 |
| 12 | Utah Community Credit Union | 2,612 | 1,535 | $388m | 11.7% | 0.0 |
| 13 | Kind Lending, LLC | 2,199 | 1,459 | $664m | 24.1% | 0.2 |
| 14 | The Loan Store, Inc | 1,709 | 1,143 | $459m | 8.3% | 0.2 |
| 15 | Cyprus Federal Credit Union | 1,840 | 1,060 | $182m | 33.9% | 0.4 |
| 16 | My Move Mortgage, LLC | 1,241 | 1,014 | $465m | 0.6% | -0.0 |
| 17 | University First FCU | 1,604 | 873 | $132m | 25.8% | -1.1 |
| 18 | Pennymac Loan Services LLC | 1,518 | 813 | $292m | 21.2% | 0.4 |
| 19 | Fairway Independent Mort Corp | 1,072 | 764 | $327m | 4.7% | 0.3 |
| 20 | Utah First Credit Union | 1,256 | 762 | $132m | 33.4% | 0.3 |
| 21 | Bank of Utah | 958 | 708 | $265m | 3.9% | 0.1 |
| 22 | Plains Commerce Bank | 1,076 | 678 | $215m | 2.9% | 0.6 |
| 23 | Security Service | 1,029 | 676 | $204m | 16.7% | -0.3 |
| 24 | Us Bank, N.A. | 1,450 | 674 | $328m | 42.9% | 0.8 |
| 25 | Deseret First Credit Union | 797 | 644 | $113m | 15.0% | -0.1 |
| 26 | Loandepot.com, LLC | 1,096 | 641 | $175m | 24.2% | 0.5 |
| 27 | Nationstar Mortgage | 910 | 638 | $135m | 15.5% | 3.1 |
| 28 | State Bank of Southern Utah | 828 | 593 | $132m | 14.0% | 0.3 |
| 29 | RANLife, Inc. | 793 | 575 | $229m | 2.4% | 0.4 |
| 30 | Provident Funding Associates | 901 | 560 | $241m | 8.4% | -0.1 |
| 31 | Crosscountry Mortgage, LLC | 828 | 553 | $287m | 2.1% | 0.5 |
| 32 | Security Home Mortgage | 635 | 551 | $212m | 1.4% | 0.3 |
| 33 | Freedom Mortgage Corporation | 1,064 | 494 | $202m | 17.3% | 0.1 |
| 34 | Lennar Mortgage, LLC | 677 | 489 | $233m | 8.8% | -1.0 |
| 35 | New American Funding, LLC. | 1,190 | 472 | $145m | 20.9% | 0.7 |
| 36 | Newrez LLC | 1,128 | 465 | $183m | 28.8% | 0.4 |
| 37 | Canopy Mortgage, LLC | 737 | 439 | $186m | 4.5% | 0.1 |
| 38 | Figure Lending LLC | 807 | 404 | $33m | 27.9% | 3.8 |
| 39 | Chartway FCU | 713 | 395 | $81m | 34.1% | -3.0 |
| 40 | Paramount Residential Mortgage | 605 | 392 | $127m | 3.7% | 0.5 |
| 41 | Discover Bank | 2,218 | 387 | $37m | 73.7% | 2.2 |
| 42 | Spring Eq, LLC | 1,025 | 378 | $42m | 58.1% | 3.7 |
| 43 | Guaranteed Rate, Inc. | 629 | 371 | $169m | 9.0% | 0.2 |
| 44 | HomeAmerican Mortgage Corporation | 468 | 361 | $189m | 9.4% | -0.9 |
| 45 | Sun American Mortgage Company | 543 | 344 | $133m | 2.5% | 0.2 |
| 46 | Direct Mortgage Corp | 389 | 338 | $139m | 9.1% | — |
| 47 | Mortgage Research Center | 761 | 334 | $146m | 28.7% | -0.3 |
| 48 | JPMorgan Chase Bank, NA | 560 | 320 | $287m | 18.3% | 0.1 |
| 49 | Veritas Funding, LLC | 456 | 319 | $146m | 3.2% | 0.5 |
| 50 | Clm Mortgage, Inc | 349 | 315 | $149m | 1.3% | -0.1 |
| 51 | Primary Residential Mortgage, INC. | 414 | 313 | $115m | 1.9% | 0.3 |
| 52 | American Pacific Mortgage Corporation | 384 | 281 | $103m | 8.2% | 0.6 |
| 53 | Navy Federal Credit Union | 549 | 262 | $81m | 29.2% | 0.6 |
| 54 | Granite Federal Credit Union | 418 | 262 | $45m | 21.0% | 0.4 |
| 55 | Glacier Bank | 497 | 260 | $129m | 26.0% | 0.3 |
| 56 | AmWest Funding Corp | 395 | 260 | $117m | 11.2% | 0.2 |
| 57 | Belem Servicing, LLC dba Patriot Home Mortgage | 303 | 246 | $103m | 0.0% | 0.3 |
| 58 | CMG Mortgage Inc | 412 | 244 | $107m | 7.5% | 0.1 |
| 59 | Castle & Cooke Mortgage, LLC | 408 | 239 | $73m | 2.4% | 0.6 |
| 60 | Bank of America NA | 596 | 232 | $148m | 50.2% | 0.7 |
Top 60 of 209 lenders with at least 25 applications in the state, by originations. 134 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Utah | United States |
|---|---|---|
| Denial rate | 20.5% | 24.3% |
| Median rate spread, pp | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 14.2% | 15.6% |
| Average originated loan | $343k | $329k |
| Originations per 1,000 households | 77.6 | 48.0 |
| Home purchase share of originations | 49.0% | 57.0% |
| FHA-insured share | 14.1% | 13.4% |
| VA-guaranteed share | 4.7% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
UtahUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 186,633 | 120,693 | $29bn | 17.8% | 12.4% | 5.2% | 30.2% |
| 2019 | 244,058 | 162,438 | $44bn | 15.1% | 11.8% | 6.3% | 47.4% |
| 2020 | 390,954 | 271,367 | $78bn | 11.5% | 7.8% | 6.1% | 65.8% |
| 2021 | 352,829 | 246,273 | $79bn | 11.9% | 7.4% | 5.3% | 61.0% |
| 2022 | 208,772 | 133,202 | $46bn | 17.5% | 8.2% | 3.7% | 34.2% |
| 2023 | 133,059 | 81,287 | $26bn | 20.8% | 12.5% | 3.6% | 21.1% |
| 2024 | 140,062 | 87,315 | $30bn | 20.5% | 14.1% | 4.7% | 25.8% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 49% (42,765)Home improvement 13% (11,326)Refinancing 15% (13,273)Cash-out refinancing 11% (9,211)Other purpose 12% (10,729)
By type
Conventional 81% (70,740)FHA 14% (12,312)VA 5% (4,126)USDA 0% (137)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Salt Lake County | 43,671 | 26,445 | 62.0 | 22.5% | 0.4 | 129 |
| Utah County | 28,618 | 18,325 | 90.3 | 18.5% | 0.3 | 111 |
| Davis County | 14,453 | 9,533 | 82.2 | 18.5% | 0.3 | 76 |
| Weber County | 12,759 | 8,213 | 87.3 | 19.2% | 0.4 | 75 |
| Washington County | 10,002 | 6,326 | 90.6 | 18.6% | 0.3 | 61 |
| Tooele County | 5,242 | 3,250 | 135.8 | 21.5% | 0.4 | 47 |
| Cache County | 4,666 | 3,068 | 69.0 | 18.6% | 0.3 | 30 |
| Box Elder County | 2,928 | 1,926 | 98.5 | 18.0% | 0.4 | 27 |
| Iron County | 2,864 | 1,795 | 89.1 | 20.1% | 0.4 | 22 |
| Wasatch County | 2,558 | 1,562 | 121.3 | 18.8% | 0.2 | 21 |
| Summit County | 2,493 | 1,472 | 93.6 | 22.3% | 0.3 | 20 |
| Uintah County | 1,600 | 891 | 73.4 | 27.6% | 0.7 | 10 |
| Sanpete County | 1,016 | 608 | 68.4 | 23.4% | 0.6 | 10 |
| Sevier County | 927 | 587 | 78.2 | 20.3% | 0.4 | 7 |
| Carbon County | 883 | 495 | 60.9 | 22.5% | 0.7 | 7 |
| Duchesne County | 889 | 485 | 70.5 | 27.5% | 0.7 | 8 |
| Morgan County | 620 | 397 | 104.9 | 18.5% | 0.3 | 4 |
| Kane County | 553 | 329 | 95.2 | 19.4% | 0.5 | 5 |
| Juab County | 474 | 307 | 79.5 | 19.1% | 0.3 | 4 |
| Millard County | 467 | 275 | 63.1 | 23.2% | 0.4 | 6 |
| Grand County | 382 | 167 | 36.7 | 39.5% | 0.4 | 4 |
| Rich County | 269 | 159 | 172.3 | 23.0% | 0.6 | 1 |
| Emery County | 270 | 154 | 44.6 | 26.5% | 0.6 | 2 |
| San Juan County | 294 | 154 | 33.8 | 32.9% | 0.6 | 4 |
| Garfield County | 252 | 134 | 65.6 | 28.3% | 0.4 | 3 |
| Beaver County | 231 | 123 | 48.8 | 34.7% | 0.3 | 1 |
| Wayne County | 100 | 57 | 49.3 | 20.5% | 0.3 | 0 |
| Piute County | 54 | 31 | 55.9 | 25.0% | 0.7 | 0 |
| Daggett County | 58 | 25 | 86.8 | 44.9% | — | 0 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Utah originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Utah?
By 2024 originations: America First Federal Credit Union (12,631), United Wholesale Mortgage (8,571), Mountain America Federal Credit Union (7,147), Rocket Mortgage (3,784), Intercap Lending Inc (3,735). 209 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Utah?
20.5% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Utah changed since 2018?
Originations went from 120,693 in 2018 to 87,315 in 2024; the denial rate moved from 17.8% to 20.5%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.