Today's Utah (UT) Mortgage Rates

Utah (UT) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 948,981
Loan purchased by the institution: 461,065
Application denied by financial institution: 265,886
Application withdrawn by applicant: 160,652
Application approved but not accepted: 86,204
File closed for incompleteness: 41,972
Preapproval request denied by financial institution: 123
Preapproval request approved but not accepted: 63

Purpose of Loans

Refinancing: 1,163,114
Home purchase: 727,644
Home improvement: 74,188

Mortgage Types

Conventional: 1,394,420
FHA-insured: 459,231
VA-guaranteed: 76,987
FSA/RHS-guaranteed: 34,308

Mortage Actions by Applicant Race

White: 1,566,594
Not applicable: 202,465
Information not provided by applicant in mail, Internet, or telephone application: 133,218
Asian: 32,840
Native Hawaiian or Other Pacific Islander: 10,702
American Indian or Alaska Native: 10,112
Black or African American: 9,015

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 1,508,464
Not applicable: 202,794
Information not provided by applicant in mail, Internet, or telephone application: 135,562
Hispanic or Latino: 118,126

Mortage Actions by Applicant Sex

Male: 1,313,469
Female: 372,060
Not applicable: 202,463
Information not provided by applicant in mail, Internet, or telephone application: 76,954

Mortage Actions by Agency Name

Department of Housing and Urban Development: 705,334
Office of the Comptroller of the Currency: 383,458
Consumer Financial Protection Bureau: 343,678
National Credit Union Administration: 194,079
Office of Thrift Supervision: 157,568
Federal Reserve System: 120,918
Federal Deposit Insurance Corporation: 59,911

Mortage Actions by County

Salt Lake County: 730,836
Utah County: 363,626
Davis County: 241,698
Weber County: 172,899
Washington County: 98,680
Cache County: 61,122
Tooele County: 51,183
Summit County: 42,824
Box Elder County: 31,011
Iron County: 26,497
Wasatch County: 22,452
Uintah County: 22,371
Sanpete County: 12,381
Sevier County: 10,964
Duchesne County: 10,950
Carbon County: 9,415
Unknown: 9,012
Morgan County: 7,671
Juab County: 5,672
Kane County: 5,588
Millard County: 5,481
Grand County: 4,784
Emery County: 3,878
San Juan County: 3,673
Beaver County: 3,028
Rich County: 2,657
Garfield County: 2,316
Wayne County: 1,207
Piute County: 568
Daggett County: 502

Mortage Actions by City

Salt Lake City – UT: 813,574
Ogden, Clearfield – UT: 426,402
Provo, Orem – UT: 367,752
Unknown: 197,761
St. George – UT: 98,407
Logan – UT, ID: 61,050

Mortage Denial Reasons

Unknown: 1,754,457
Collateral: 46,820
Debt-to-income ratio: 43,520
Credit history: 41,513
Other: 28,968
Credit application incomplete: 24,324
Unverifiable information: 16,361
Insufficient cash (downpayment, closing costs): 4,854
Employment history: 3,638
Mortgage insurance denied: 491

HOEPA Status of Mortage Loans

Not a HOEPA loan: 1,964,642
HOEPA loan: 304

Lien Status of Mortage Loans

Secured by a first lien: 1,394,862
Not applicable: 461,065
Secured by a subordinate lien: 99,880
Not secured by a lien: 9,139

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 1,781,000
Not owner-occupied as a principal dwelling: 177,461
Not applicable: 6,485

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 1,939,449
Manufactured housing: 23,468
Multifamily dwelling: 2,029

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 803,475
Fannie Mae (FNMA): 307,114
Ginnie Mae (GNMA): 210,310
Freddie Mac (FHLMC): 200,243
Other type of purchaser: 166,381
Commercial bank, savings bank or savings association: 113,527
Affiliate institution: 80,531
Life insurance company, credit union, mortgage bank, or finance company: 64,621
Private securitization: 18,724
Farmer Mac (FAMC): 20