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2024 data HMDA 2024 disclosure official source

Wasatch County

2,793 mortgage applications, 13.8% denial rate. Verify FIPS 49051 with U.S. Census Bureau →

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Utah · FIPS 49051

Local mortgage market. Wasatch County, Utah saw 2,793 HMDA-reported mortgage applications in 2024. Lenders originated 1,558 of those loans and denied 386, producing a denial rate of 13.8% and an approval (origination) rate of 55.8%. The average loan amount was $694,635 at an average note rate of 7.12%, with applicants self-reporting average annual income of $38K. 181 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 18.3x, meaning typical borrowers took on mortgages of about 18.3 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 49051 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

2,793
Applications
1,558
Originated
13.8%
Denial Rate
55.8%
Approval Rate
$694,635
Avg Loan Amount
7.12%
Avg Interest Rate
$38K
Avg Applicant Income
18.3x
Loan-to-Income Ratio

Nearby Lenders in Wasatch 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 143 9.2%
2 Mountain America Federal Credit Union 105 6.7%
3 United Wholesale Mortgage 104 6.7%
4 Utah Community Credit Union 92 5.9%
5 Lennar Mortgage, LLC 91 5.8%
Compare America First Federal Credit Union vs Mountain America Federal Credit Union →

Frequently Asked Questions

How many mortgage applications were filed in Wasatch County?
In the 2024 HMDA reporting year, 2,793 mortgage applications were filed in Wasatch County, Utah. Of these, 1,558 were originated (approved and funded), while 386 were denied, resulting in a denial rate of 13.8%.
What is the mortgage denial rate in Wasatch County?
The mortgage denial rate in Wasatch County is 13.8%. The approval (origination) rate is 55.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Wasatch County?
The average mortgage loan amount in Wasatch County is $694,635. The average interest rate is 7.118%. The average applicant income is $38K.
What is the loan-to-income ratio in Wasatch County?
The average loan-to-income ratio in Wasatch County is 18.3x, meaning borrowers took on loans averaging 18.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Wasatch County?
The top mortgage lenders in Wasatch County by origination volume are America First Federal Credit Union, Mountain America Federal Credit Union, United Wholesale Mortgage. In total, 181 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.