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2024 data HMDA 2024 disclosure official source

Summit County

2,677 mortgage applications, 17.0% denial rate. Verify FIPS 49043 with U.S. Census Bureau →

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Utah · FIPS 49043

Local mortgage market. Summit County, Utah saw 2,677 HMDA-reported mortgage applications in 2024. Lenders originated 1,472 of those loans and denied 454, producing a denial rate of 17.0% and an approval (origination) rate of 55.0%. The average loan amount was $868,347 at an average note rate of 7.29%, with applicants self-reporting average annual income of $37K. 203 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 23.5x, meaning typical borrowers took on mortgages of about 23.5 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 49043 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,677
Applications
1,472
Originated
17.0%
Denial Rate
55.0%
Approval Rate
$868,347
Avg Loan Amount
7.29%
Avg Interest Rate
$37K
Avg Applicant Income
23.5x
Loan-to-Income Ratio

Nearby Lenders in Summit 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 Zions Bancorporation, N.A. 111 7.5%
2 United Wholesale Mortgage 105 7.1%
3 America First Federal Credit Union 102 6.9%
4 Mountain America Federal Credit Union 98 6.7%
5 Us Bank, N.A. 70 4.8%
Compare Zions Bancorporation, N.A. vs United Wholesale Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Summit County?
In the 2024 HMDA reporting year, 2,677 mortgage applications were filed in Summit County, Utah. Of these, 1,472 were originated (approved and funded), while 454 were denied, resulting in a denial rate of 17.0%.
What is the mortgage denial rate in Summit County?
The mortgage denial rate in Summit County is 17.0%. The approval (origination) rate is 55.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Summit County?
The average mortgage loan amount in Summit County is $868,347. The average interest rate is 7.295%. The average applicant income is $37K.
What is the loan-to-income ratio in Summit County?
The average loan-to-income ratio in Summit County is 23.5x, meaning borrowers took on loans averaging 23.5 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Summit County?
The top mortgage lenders in Summit County by origination volume are Zions Bancorporation, N.A., United Wholesale Mortgage, America First Federal Credit Union. In total, 203 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.