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MARKET BENCHMARKS · HMDA PUBLIC DATA

Utah mortgage market benchmarks

Utah origination trends 2018–2025 from HMDA public data: volume, denial rates, and purchase vs refinance mix. Free and open — no account required.

Originations 2025

95,957

+10.0% vs 2024

2024: 87,207

Volume 2025

$36.70B

originated $
2024: $29.87B

Denial rate 2025

16.0%

denied / actioned
2024: 17.1% denied / actioned

Reporting lenders 2025

593

HMDA reporters
2024: 588 reporters

Origination volume by year

Dollar volume of originated loans

$ VOLUME · HOVER FOR UNITS
$0$25B$50B$75B$100B20182019202020212022202320242025$36.70B

Loan purpose mix

Share of 2025 originations

Denial rate by year

Denials / actioned applications (CFPB convention)

0.0%9.8%19.6%2018201920202021202220232024202516.0%

Utah market by year

YEARLENDERSAPPLICATIONSORIGINATIONSVOLUMEDENIALPURCHASEREFI
2025593152,33095,957$36.70B2025 origination volume95,957 loans originated16.0%2025 denial rate152,330 applications actioned46.1%44.4%
2024588140,26387,207$29.87B2024 origination volume87,207 loans originated17.1%2024 denial rate140,263 applications actioned49.0%36.2%
2023590132,60481,091$26.40B2023 origination volume81,091 loans originated16.7%2023 denial rate132,604 applications actioned49.2%32.4%
2022645208,027132,611$45.62B2022 origination volume132,611 loans originated14.0%2022 denial rate208,027 applications actioned39.7%53.1%
2021651353,571246,317$78.56B2021 origination volume246,317 loans originated9.7%2021 denial rate353,571 applications actioned28.1%86.4%
2020659389,880270,215$77.94B2020 origination volume270,215 loans originated9.4%2020 denial rate389,880 applications actioned26.9%85.0%
2019605244,209162,387$43.85B2019 origination volume162,387 loans originated12.3%2019 denial rate244,209 applications actioned39.7%67.3%
2018568186,812120,660$28.79B2018 origination volume120,660 loans originated14.6%2018 denial rate186,812 applications actioned52.4%46.0%

Attribution & methodology. Benchmarks are computed by MortRadar from Home Mortgage Disclosure Act (HMDA) public data files published by the Consumer Financial Protection Bureau (CFPB) and the Federal Financial Institutions Examination Council (FFIEC), covering activity years 2018–2025. Originations = loans originated (action taken 1); denial rate = denials / actioned applications (CFPB Data Browser convention); loan amounts are the public files' midpoint-rounded values. MortRadar's aggregations are derived works and are not published, reviewed, or endorsed by the CFPB, FFIEC, or any government agency. See data attribution and the disclaimer.

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