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2024 data HMDA 2024 disclosure official source

Salt Lake County

47,766 mortgage applications, 17.0% denial rate. Verify FIPS 49035 with U.S. Census Bureau →

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Utah · FIPS 49035

Local mortgage market. Salt Lake County, Utah saw 47,766 HMDA-reported mortgage applications in 2024. Lenders originated 26,411 of those loans and denied 8,123, producing a denial rate of 17.0% and an approval (origination) rate of 55.3%. The average loan amount was $330,536 at an average note rate of 7.28%, with applicants self-reporting average annual income of $39K. 349 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 8.5x, meaning typical borrowers took on mortgages of about 8.5 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 49035 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

47,766
Applications
26,411
Originated
17.0%
Denial Rate
55.3%
Approval Rate
$330,536
Avg Loan Amount
7.28%
Avg Interest Rate
$39K
Avg Applicant Income
8.5x
Loan-to-Income Ratio

Nearby Lenders in Salt Lake County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 America First Federal Credit Union 3,886 14.7%
2 United Wholesale Mortgage 2,877 10.9%
3 Mountain America Federal Credit Union 2,428 9.2%
4 Rocket Mortgage 1,274 4.8%
5 Intercap Lending Inc 1,259 4.8%
Compare America First Federal Credit Union vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Salt Lake County?
In the 2024 HMDA reporting year, 47,766 mortgage applications were filed in Salt Lake County, Utah. Of these, 26,411 were originated (approved and funded), while 8,123 were denied, resulting in a denial rate of 17.0%.
What is the mortgage denial rate in Salt Lake County?
The mortgage denial rate in Salt Lake County is 17.0%. The approval (origination) rate is 55.3%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Salt Lake County?
The average mortgage loan amount in Salt Lake County is $330,536. The average interest rate is 7.279%. The average applicant income is $39K.
What is the loan-to-income ratio in Salt Lake County?
The average loan-to-income ratio in Salt Lake County is 8.5x, meaning borrowers took on loans averaging 8.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Salt Lake County?
The top mortgage lenders in Salt Lake County by origination volume are America First Federal Credit Union, United Wholesale Mortgage, Mountain America Federal Credit Union. In total, 349 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.