Utah mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Utah's 29 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 35,638 home-purchase mortgages for owner-occupied, single-family homes in Utah. The median buyer borrowed $435,000 on a home valued at $515,000 and reported a household income of $120,000.
Buyers financed a median 90% of the home's value (roughly 10% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $6,400.
Lenders denied 6.5% of completed home-purchase applications.
Key facts
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($6,400) were 15% higher than the U.S. median ($5,570).
- The most common age bracket among borrowers was 25–34 (38.5% of purchase loans).
- 41.9% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (41.2% of denials with a stated reason).
Conforming limits in Utah range from $832,750 to $1,150,000 for a one-unit home in 2026. See every Utah county's 2026 FHA and conforming loan limits.
Utah counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Beaver County | 59 | $305,000 | $96,000 | 5.0% | 6.375% | $6,170 | 4.8% | $541,287 |
| Box Elder County | 817 | $385,000 | $100,000 | 5.0% | 6.500% | $6,270 | 5.9% | $541,287 |
| Cache County | 1,331 | $375,000 | $108,000 | 10.0% | 6.500% | $6,120 | 4.8% | $541,287 |
| Carbon County | 191 | $245,000 | $77,000 | 3.5% | 6.500% | $5,020 | 12.3% | $541,287 |
| Daggett County | 4 | — | — | — | — | — | — | $541,287 |
| Davis County | 3,460 | $465,000 | $128,000 | 10.0% | 6.500% | $6,280 | 5.5% | $744,050 |
| Duchesne County | 129 | $315,000 | $92,000 | 5.0% | 6.490% | $6,610 | 8.7% | $541,287 |
| Emery County | 63 | $255,000 | $88,000 | 8.6% | — | $4,790 | 8.3% | $541,287 |
| Garfield County | 39 | $335,000 | $126,000 | 20.0% | — | $6,110 | 2.4% | $541,287 |
| Grand County | 40 | $365,000 | $126,000 | 20.0% | 6.500% | $6,390 | 13.0% | $839,500 |
| Iron County | 816 | $365,000 | $102,000 | 7.8% | 6.624% | $6,240 | 6.4% | $541,287 |
| Juab County | 130 | $395,000 | $97,000 | 5.0% | 6.624% | $6,770 | 7.6% | $601,450 |
| Kane County | 68 | $325,000 | $121,000 | 10.1% | 6.624% | $6,330 | 13.2% | $541,287 |
| Millard County | 95 | $305,000 | $102,000 | 5.0% | 6.625% | $5,700 | 11.1% | $541,287 |
| Morgan County | 154 | $555,000 | $164,000 | 20.0% | 6.625% | $6,240 | 6.3% | $744,050 |
| Piute County | 9 | — | — | — | — | — | — | $541,287 |
| Rich County | 25 | — | — | — | — | — | 6.7% | $579,600 |
| Salt Lake County | 10,106 | $465,000 | $129,000 | 10.0% | 6.500% | $6,640 | 7.0% | $637,100 |
| San Juan County | 42 | $315,000 | $102,000 | 11.8% | — | — | 12.0% | $541,287 |
| Sanpete County | 240 | $365,000 | $103,000 | 5.0% | 6.625% | $6,260 | 7.3% | $541,287 |
| Sevier County | 185 | $315,000 | $93,000 | 5.6% | 6.625% | $5,290 | 6.3% | $541,287 |
| Summit County | 406 | $795,000 | $249,000 | 25.0% | 6.625% | $6,740 | 8.5% | $1,163,800 |
| Tooele County | 1,293 | $425,000 | $109,000 | 3.9% | 6.375% | $6,560 | 7.2% | $637,100 |
| Uintah County | 330 | $315,000 | $94,000 | 4.7% | 6.490% | $6,100 | 6.2% | $541,287 |
| Utah County | 9,156 | $445,000 | $119,000 | 6.0% | 6.490% | $6,450 | 6.6% | $601,450 |
| Wasatch County | 489 | $635,000 | $200,000 | 21.9% | 6.500% | $6,430 | 9.2% | $1,163,800 |
| Washington County | 2,707 | $425,000 | $120,000 | 15.0% | 6.624% | $5,880 | 5.6% | $607,200 |
| Wayne County | 13 | — | — | — | — | — | — | $997,050 |
| Weber County | 3,234 | $395,000 | $108,000 | 5.0% | 6.500% | $6,450 | 5.6% | $744,050 |
Who bought homes in Utah
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Utah
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Utah | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 6.125% | 6.250% |
| 30-year fixed rate · VA | 6.124% | 6.125% |
| 15-year fixed rate · conventional | 5.750% | 5.875% |
| Rate spread vs. APOR · conventional | +0.05 pts | +0.13 pts |
| Total loan costs · conventional | $6,400 | $5,570 |
| Total loan costs · FHA | $15,310 | $11,310 |
| Total loan costs · VA | $7,500 | $6,490 |
| Origination charges (all loan types) | $3,880 | $1,860 |
| Borrowers paying discount points | 61.7% | 51.3% |
| Points paid, when paid (% of loan) | 0.99% | 0.87% |
| Borrowers receiving lender credits | 29.9% | 33.1% |
| Adjustable-rate mortgages | 5.6% | 7.4% |
| Jumbo loans (above conforming limit) | 4.5% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Utah: 2,596 of 39,752 completed home-purchase applications were denied (6.5%).
Denial rate
| Application | Utah | U.S. |
|---|---|---|
| Home purchase | 6.5% | 8.5% |
| Conventional | 6.1% | 7.1% |
| FHA | 7.5% | 12.5% |
| VA | 6.8% | 8.0% |
| USDA | 16.1% | 12.5% |
| Refinance | 16.3% | 17.9% |
| Cash-out refinance | 26.4% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Utah
Top mortgage lenders in Utah
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 8,050 | 15.8% | 6.1% | 6.500% | +0.05 | $6,690 |
| 2 | Rocket Mortgage, LLC | 3,143 | 6.2% | 9.3% | 6.500% | +0.05 | $5,540 |
| 3 | Guild Mortgage Company | 3,038 | 6.0% | 0.9% | 6.624% | +0.15 | $8,080 |
| 4 | Intercap Lending Inc. | 2,992 | 5.9% | 0.5% | 6.625% | +0.21 | $6,460 |
| 5 | First Colony Mortgage Corporation | 2,505 | 4.9% | 1.8% | 6.375% | +0.00 | $8,070 |
| 6 | Kind Lending, LLC | 1,860 | 3.6% | 19.5% | 6.625% | +0.09 | $6,840 |
| 7 | Mountain America Federal Credit Union | 1,432 | 2.8% | 12.0% | 6.125% | −0.00 | $7,550 |
| 8 | The Loan Store, Inc. | 1,310 | 2.6% | 4.0% | 6.490% | +0.10 | $6,810 |
| 9 | Securitynational Mortgage Company | 1,205 | 2.4% | 4.4% | 6.875% | +0.46 | $9,050 |
| 10 | DHI Mortgage Company, Ltd. | 1,031 | 2.0% | 10.8% | 5.875% | −0.77 | $2,160 |
| 11 | My Move Mortgage, LLC | 1,004 | 2.0% | 0.7% | 6.250% | −0.16 | $5,950 |
| 12 | America First Federal Credit Union | 837 | 1.6% | 19.8% | 6.500% | −0.01 | $5,080 |
| 13 | Fairway Independent Mortgage Corporation | 749 | 1.5% | 1.7% | 6.625% | +0.18 | $5,690 |
| 14 | Pennymac Loan Services, LLC | 738 | 1.5% | 17.3% | 6.624% | +0.11 | $6,520 |
| 15 | Freedom Mortgage Corporation | 696 | 1.4% | 16.5% | — | — | $3,990 |
| 16 | Plains Commerce Bank | 651 | 1.3% | 4.4% | 6.500% | +0.12 | $7,130 |
| 17 | Provident Funding Associates, L.P. | 624 | 1.2% | 6.3% | 6.375% | −0.13 | $4,490 |
| 18 | CrossCountry Mortgage, Inc. | 558 | 1.1% | 1.8% | 6.625% | +0.30 | $7,350 |
| 19 | Ranlife, Inc. | 555 | 1.1% | 0.3% | 6.490% | +0.14 | $8,330 |
| 20 | Goldenwest | 523 | 1.0% | 8.5% | 6.375% | −0.13 | $7,000 |
| 21 | Lennar Mortgage, LLC | 507 | 1.0% | 9.6% | 5.250% | −0.69 | $3,480 |
| 22 | Security Home Mortgage, LLC. | 468 | 0.9% | 0.8% | 6.500% | +0.18 | $7,920 |
| 23 | Zions Bancorporation, N.A. | 461 | 0.9% | 10.8% | 6.375% | −0.14 | $7,220 |
| 24 | Canopy Mortgage, LLC | 454 | 0.9% | 2.1% | 6.500% | −0.01 | $7,720 |
| 25 | loanDepot.com, LLC | 435 | 0.9% | 7.0% | 5.990% | −0.34 | $7,560 |
Largest lenders in Utah by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Utah
- Salt Lake City-Murray, UT · 11,399 purchases
- Provo-Orem-Lehi, UT · 9,286 purchases
- Ogden, UT · 6,848 purchases
- St. George, UT · 2,707 purchases
- Logan, UT-ID · 1,471 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology