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Mountain America Federal Credit Union

SANDY, UT

Mountain America Federal Credit Union processed 21,793 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 9,806 loans with a 33.0% denial rate. Home Improvement was the primary loan purpose. Based in SANDY, UT. The approval rate of 45.0% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Mountain America Federal Credit Union's 45.0% origination rate tells you how often an application turned into funded money; the 33.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Collateral, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (21,257 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

21,793
Applications
9,806
Originated
33.0%
Denial Rate
$170,706
Avg Loan Amount
Avg Interest Rate: 8.178% Avg Applicant Income: $37,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 21,257 9,521 7,085 $166,297
FHA 445 232 99 $339,472
VA 83 49 11 $385,964
USDA 8 4 2 $265,000

Top loan types - Mountain America Federal Credit Union

Top loan types - Mountain America Federal Credit Union Horizontal bar chart of the top 4 items by value (applications). Top loan types - Mountain America Federal Credit Union Top 4 1. Conventional 21,257 2. FHA 445 3. VA 83 4. USDA 8 Top 5 loan types by application volume at Mountain America Federal Credit Union (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Mountain America Federal Credit Union (LEI: 5493006S869XKIESMV41) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
3,856
Collateral
2,342
Other
2,109
Credit history
1,086
Unverifiable information
349
Credit application incomplete
125
Employment history
51
Insufficient cash
5

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Improvement 6,142 2,881 $101,677
Refinancing 6,042 2,549 $176,048
Other 4,762 1,799 $88,093
Home Purchase 3,187 1,747 $393,553
Cash-out Refinancing 1,660 830 $215,825

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 18,910 46.1% 32.4%
Joint 552 47.5% 31.7%
Asian 402 36.8% 37.6%
Black or African American 257 33.5% 49.0%
Native Hawaiian or Other Pacific Islander 210 23.8% 52.4%
American Indian or Alaska Native 196 29.1% 48.0%
2 or more minority races * 38 10.5% 57.9%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 16,400 47.8% 30.8%
Hispanic or Latino 3,571 33.0% 44.3%
Joint 813 47.0% 33.1%

Nearby Lenders in UT

Other HMDA-reporting lenders in UT with similar activity. Compare any two side-by-side.

America First Federal Credit Union

ROY, UT

22,439 apps 16,009 originated 19.8% denied

Sofi Bank, National Association

COTTONWOOD HEIGHTS, UT

15,489 apps 5,867 originated 16.7% denied

Primary Residential Mortgage, INC.

Salt Lake City, UT

15,310 apps 10,659 originated 5.4% denied

Canopy Mortgage, LLC

LINDON, UT

10,605 apps 6,489 originated 2.3% denied

First Colony Mortgage Corporation

Pleasant Grove, UT

10,161 apps 7,567 originated 4.4% denied
Compare Mountain America Federal Credit Union vs America First Federal Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Mountain America Federal Credit Union process?
Mountain America Federal Credit Union processed 21,793 mortgage applications in the 2024 HMDA reporting year. Of these, 9,806 were originated (approved and funded), 3,117 were withdrawn by the applicant, and 7,197 were denied.
What is Mountain America Federal Credit Union's mortgage approval rate?
Mountain America Federal Credit Union has an approval (origination) rate of 45.0%, meaning 45.0% of all applications resulted in a funded mortgage. The denial rate is 33.0%.
What is the average loan amount at Mountain America Federal Credit Union?
The average mortgage loan amount at Mountain America Federal Credit Union is $170,706. The average interest rate is 8.178%. The average applicant income is $37,000.
What are the most common reasons for mortgage denial at Mountain America Federal Credit Union?
The most common reasons for mortgage denial at Mountain America Federal Credit Union are: Debt-to-income ratio, Collateral, Other. In total, 7,197 applications were denied out of 21,793 total applications.
What types of mortgage loans does Mountain America Federal Credit Union offer?
Mountain America Federal Credit Union processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 21,257 applications and an average loan amount of $166,297.
What loan purposes does Mountain America Federal Credit Union serve?
Mountain America Federal Credit Union serves the following loan purposes: Home Improvement (6,142 applications), Refinancing (6,042 applications), Other (4,762 applications), Home Purchase (3,187 applications), Cash-out Refinancing (1,660 applications). Home Improvement is the most common purpose.
Where is Mountain America Federal Credit Union located?
Mountain America Federal Credit Union is headquartered in SANDY, UT. The lender is identified by LEI 5493006S869XKIESMV41 in HMDA data.
How does Mountain America Federal Credit Union compare in lending across racial demographics?
Mountain America Federal Credit Union reports demographic lending data under HMDA requirements. White applicants have an approval rate of 46.1% and denial rate of 32.4%; Joint applicants have an approval rate of 47.5% and denial rate of 31.7%; Asian applicants have an approval rate of 36.8% and denial rate of 37.6%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is 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.