Utah Financial Inc. Mortgage Lending & HMDA Data, 2008

In 2008, Utah Financial Inc. of Midvale, UT reported 1,448 mortgage applications totaling $282.1 million. The average application was for $194,850, and applicants reported an average income of $61,995. 79% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Salt Lake City, UT (436), Ogden-Clearfield, UT (191) and Atlanta-Sandy Springs-Marietta, GA (114) (applications in parentheses).

Mortgage Company & Address Utah Financial Inc.
189 Fort Union Blvd
Midvale, UT 84047
Tel #: available with data download
Federal Regulator * available with data download
Years 2008  
Total Number of Mortgage Applications 1,448
Total Mortgage Loan Application Amount $282,143,000
Average Mortgage Loan Application Amount $194,850
Highest Mortgage Loan Application Amount $670,000
Average Applicant Income $61,995
Highest Applicant Income $4,200,000

About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Utah Financial Inc. filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.

Mortgage Loan Application Totals for Utah Financial Inc. by County in 2008

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Salt Lake, Utah 419 $ 88,963,000 $ 212,322 $ 54,000
Utah, Utah 111 $ 22,712,000 $ 204,612 $ 53,000
Clark, Nevada 101 $ 20,865,000 $ 206,584 $ 96,000
Davis, Utah 98 $ 20,157,000 $ 205,683 $ 57,000
Weber, Utah 91 $ 16,331,000 $ 179,461 $ 61,000
Maricopa, Arizona 78 $ 15,678,000 $ 201,000 $ 64,000
Bannock, Idaho 21 $ 3,005,000 $ 143,095 $ 54,000
DeKalb, Georgia 20 $ 3,482,000 $ 174,100 $ 61,000
Gwinnett, Georgia 19 $ 3,629,000 $ 191,000 $ 67,000
Bonneville, Idaho 19 $ 2,962,000 $ 155,894 $ 50,000
Wayne, Michigan 17 $ 2,535,000 $ 149,117 $ 56,000
Hennepin, Minnesota 17 $ 3,417,000 $ 201,000 $ 65,000
Ada, Idaho 16 $ 3,434,000 $ 214,625 $ 26,000
Tooele, Utah 16 $ 3,159,000 $ 197,437 $ 65,000
Cobb, Georgia 12 $ 2,038,000 $ 169,833 $ 59,000
Fulton, Georgia 11 $ 1,829,000 $ 166,272 $ 56,000
Oakland, Michigan 10 $ 1,850,000 $ 185,000 $ 69,000
Anoka, Minnesota 10 $ 1,509,000 $ 150,900 $ 460,000
Washington, Utah 10 $ 2,062,000 $ 206,200 $ 53,000
Pima, Arizona 9 $ 1,880,000 $ 208,888 $ 57,000
Henry, Georgia 9 $ 1,366,000 $ 151,777 $ 56,000
Dakota, Minnesota 9 $ 1,538,000 $ 170,888 $ 51,000
Bernalillo, New Mexico 9 $ 1,582,000 $ 175,777 $ 31,000
Box Elder, Utah 9 $ 1,419,000 $ 157,666 $ 51,000
Pinal, Arizona 8 $ 1,624,000 $ 203,000 $ 72,000
Dallas, Texas 8 $ 1,446,000 $ 180,750 $ 46,000
Cherokee, Georgia 7 $ 1,115,000 $ 159,285 $ 64,000
Bexar, Texas 7 $ 1,361,000 $ 194,428 $ 0
Cache, Utah 7 $ 960,000 $ 137,142 $ 41,000
Canyon, Idaho 6 $ 938,000 $ 156,333 $ 40,000
Power, Idaho 6 $ 721,000 $ 120,166 $ 46,000
Cleveland, Oklahoma 6 $ 1,068,000 $ 178,000 $ 64,000
Barrow, Georgia 5 $ 653,000 $ 130,600 $ 40,000
Hidalgo, Texas 5 $ 577,000 $ 115,400 $ 40,000
Iron, Utah 5 $ 893,000 $ 178,600 $ 47,000
Wasatch, Utah 5 $ 1,260,000 $ 252,000 $ 73,000
Los Angeles, California 4 $ 1,268,000 $ 317,000 $ 186,000
Bartow, Georgia 4 $ 737,000 $ 184,250 $ 65,000
Clayton, Georgia 4 $ 486,000 $ 121,500 $ 77,000
Newton, Georgia 4 $ 656,000 $ 164,000 $ 53,000
Paulding, Georgia 4 $ 536,000 $ 134,000 $ 42,000
Rockdale, Georgia 4 $ 773,000 $ 193,250 $ 89,000
Wright, Minnesota 4 $ 766,000 $ 191,500 $ 67,000
Cameron, Texas 4 $ 373,000 $ 93,250 $ 46,000
Sevier, Utah 4 $ 461,000 $ 115,250 $ 67,000
Natrona, Wyoming 4 $ 678,000 $ 169,500 $ 47,000
Cochise, Arizona 3 $ 498,000 $ 166,000 $ 71,000
Orange, California 3 $ 1,147,000 $ 382,333 $ 121,000
Madison, Idaho 3 $ 540,000 $ 180,000 $ 61,000
Sherburne, Minnesota 3 $ 426,000 $ 142,000 $ 32,000
Kershaw, South Carolina 3 $ 219,000 $ 73,000 $ 43,000
Saluda, South Carolina 3 $ 244,000 $ 81,333 $ 56,000
Harris, Texas 3 $ 592,000 $ 197,333 $ 71,000
Laramie, Wyoming 3 $ 544,000 $ 181,333 $ 42,000
Imperial, California 2 $ 266,000 $ 133,000 $ 183,000
Riverside, California 2 $ 572,000 $ 286,000 $ 106,000
Sacramento, California 2 $ 565,000 $ 282,500 $ 72,000
San Diego, California 2 $ 541,000 $ 270,500 $ 81,000
Santa Clara, California 2 $ 605,000 $ 302,500 $ 55,000
Duval, Florida 2 $ 450,000 $ 225,000 $ 110,000
Orange, Florida 2 $ 415,000 $ 207,500 $ 84,000
Dawson, Georgia 2 $ 333,000 $ 166,500 $ 41,000
Fayette, Georgia 2 $ 520,000 $ 260,000 $ 64,000
Forsyth, Georgia 2 $ 544,000 $ 272,000 $ 75,000
Walton, Georgia 2 $ 499,000 $ 249,500 $ 92,000
White, Georgia 2 $ 181,000 $ 90,500 $ 32,000
Jefferson, Idaho 2 $ 530,000 $ 265,000 $ 65,000
Twin Falls, Idaho 2 $ 300,000 $ 150,000 $ 48,000
Macomb, Michigan 2 $ 255,000 $ 127,500 $ 0
Aitkin, Minnesota 2 $ 411,000 $ 205,500 $ 166,000
Carver, Minnesota 2 $ 240,000 $ 120,000 $ 29,000
Ramsey, Minnesota 2 $ 414,000 $ 207,000 $ 89,000
Scott, Minnesota 2 $ 362,000 $ 181,000 $ 56,000
Stearns, Minnesota 2 $ 246,000 $ 123,000 $ 59,000
Clay, Missouri 2 $ 326,000 $ 163,000 $ 0
Gallatin, Montana 2 $ 470,000 $ 235,000 $ 20,000
Yellowstone, Montana 2 $ 339,000 $ 169,500 $ 30,000
Douglas, Nevada 2 $ 448,000 $ 224,000 $ 37,000
Collin, Texas 2 $ 324,000 $ 162,000 $ 73,000
Tarrant, Texas 2 $ 248,000 $ 124,000 $ 28,000
Williamson, Texas 2 $ 424,000 $ 212,000 $ 65,000
Carbon, Utah 2 $ 220,000 $ 110,000 $ 12,000
Duchesne, Utah 2 $ 364,000 $ 182,000 $ 79,000
Morgan, Utah 2 $ 444,000 $ 222,000 $ 61,000
San Juan, Utah 2 $ 349,000 $ 174,500 $ 63,000
Chambers, Alabama 1 $ 155,000 $ 155,000 $ 37,000
Jefferson, Alabama 1 $ 136,000 $ 136,000 $ 0
Marshall, Alabama 1 $ 116,000 $ 116,000 $ 34,000
Morgan, Alabama 1 $ 90,000 $ 90,000 $ 31,000
Aleutians West, Alaska 1 $ 150,000 $ 150,000 $ 31,000
Mohave, Arizona 1 $ 203,000 $ 203,000 $ 49,000
Contra Costa, California 1 $ 244,000 $ 244,000 $ 80,000
Kern, California 1 $ 233,000 $ 233,000 $ 0
San Joaquin, California 1 $ 333,000 $ 333,000 $ 135,000
San Mateo, California 1 $ 399,000 $ 399,000 $ 82,000
Stanislaus, California 1 $ 158,000 $ 158,000 $ 99,000
Yuba, California 1 $ 207,000 $ 207,000 $ 76,000
Arapahoe, Colorado 1 $ 242,000 $ 242,000 $ 0
Boulder, Colorado 1 $ 344,000 $ 344,000 $ 116,000
Larimer, Colorado 1 $ 297,000 $ 297,000 $ 93,000
Rio Blanco, Colorado 1 $ 187,000 $ 187,000 $ 49,000
Brevard, Florida 1 $ 272,000 $ 272,000 $ 180,000
Clay, Florida 1 $ 145,000 $ 145,000 $ 46,000
Hillsborough, Florida 1 $ 244,000 $ 244,000 $ 110,000
Lee, Florida 1 $ 134,000 $ 134,000 $ 0
Manatee, Florida 1 $ 176,000 $ 176,000 $ 78,000
Miami-Dade, Florida 1 $ 111,000 $ 111,000 $ 36,000
Palm Beach, Florida 1 $ 113,000 $ 113,000 $ 155,000
Polk, Florida 1 $ 161,000 $ 161,000 $ 82,000
Bibb, Georgia 1 $ 64,000 $ 64,000 $ 21,000
Carroll, Georgia 1 $ 145,000 $ 145,000 $ 49,000
Chatham, Georgia 1 $ 209,000 $ 209,000 $ 88,000
Clarke, Georgia 1 $ 85,000 $ 85,000 $ 41,000
Columbia, Georgia 1 $ 132,000 $ 132,000 $ 45,000
Douglas, Georgia 1 $ 145,000 $ 145,000 $ 47,000
Hall, Georgia 1 $ 133,000 $ 133,000 $ 62,000
Hancock, Georgia 1 $ 387,000 $ 387,000 $ 210,000
Houston, Georgia 1 $ 162,000 $ 162,000 $ 37,000
Jackson, Georgia 1 $ 221,000 $ 221,000 $ 0
Jasper, Georgia 1 $ 167,000 $ 167,000 $ 0
Troup, Georgia 1 $ 102,000 $ 102,000 $ 38,000
Bingham, Idaho 1 $ 92,000 $ 92,000 $ 29,000
Franklin, Idaho 1 $ 229,000 $ 229,000 $ 48,000
Minidoka, Idaho 1 $ 194,000 $ 194,000 $ 64,000
Nez Perce, Idaho 1 $ 177,000 $ 177,000 $ 0
Teton, Idaho 1 $ 272,000 $ 272,000 $ 57,000
Cook, Illinois 1 $ 111,000 $ 111,000 $ 51,000
Hamilton, Indiana 1 $ 98,000 $ 98,000 $ 76,000
Shelby, Indiana 1 $ 137,000 $ 137,000 $ 62,000
Livingston, Michigan 1 $ 173,000 $ 173,000 $ 59,000
Benton, Minnesota 1 $ 141,000 $ 141,000 $ 49,000
Chisago, Minnesota 1 $ 263,000 $ 263,000 $ 86,000
Dodge, Minnesota 1 $ 201,000 $ 201,000 $ 116,000
Hubbard, Minnesota 1 $ 85,000 $ 85,000 $ 83,000
Nicollet, Minnesota 1 $ 171,000 $ 171,000 $ 72,000
Pine, Minnesota 1 $ 158,000 $ 158,000 $ 54,000
Washington, Minnesota 1 $ 246,000 $ 246,000 $ 85,000
Boone, Missouri 1 $ 149,000 $ 149,000 $ 292,000
St. Charles, Missouri 1 $ 145,000 $ 145,000 $ 56,000
Flathead, Montana 1 $ 251,000 $ 251,000 $ 88,000
Lewis and Clark, Montana 1 $ 174,000 $ 174,000 $ 0
Douglas, Nebraska 1 $ 115,000 $ 115,000 $ 0
Scotts Bluff, Nebraska 1 $ 49,000 $ 49,000 $ 31,000
Elko, Nevada 1 $ 169,000 $ 169,000 $ 71,000
Lyon, Nevada 1 $ 226,000 $ 226,000 $ 0
Nye, Nevada 1 $ 199,000 $ 199,000 $ 95,000
Washoe, Nevada 1 $ 303,000 $ 303,000 $ 65,000
Otero, New Mexico 1 $ 75,000 $ 75,000 $ 20,000
Sandoval, New Mexico 1 $ 203,000 $ 203,000 $ 36,000
Franklin, Ohio 1 $ 144,000 $ 144,000 $ 0
Ottawa, Ohio 1 $ 145,000 $ 145,000 $ 0
Cherokee, Oklahoma 1 $ 117,000 $ 117,000 $ 60,000
Oklahoma, Oklahoma 1 $ 290,000 $ 290,000 $ 167,000
Lane, Oregon 1 $ 228,000 $ 228,000 $ 40,000
Polk, Oregon 1 $ 267,000 $ 267,000 $ 69,000
Aiken, South Carolina 1 $ 58,000 $ 58,000 $ 62,000
Florence, South Carolina 1 $ 265,000 $ 265,000 $ 105,000
Horry, South Carolina 1 $ 75,000 $ 75,000 $ 31,000
York, South Carolina 1 $ 348,000 $ 348,000 $ 72,000
Anderson, Tennessee 1 $ 162,000 $ 162,000 $ 39,000
Crockett, Tennessee 1 $ 60,000 $ 60,000 $ 18,000
Hamilton, Tennessee 1 $ 243,000 $ 243,000 $ 83,000
Shelby, Tennessee 1 $ 47,000 $ 47,000 $ 72,000
Sumner, Tennessee 1 $ 223,000 $ 223,000 $ 0
Fort Bend, Texas 1 $ 212,000 $ 212,000 $ 83,000
Kaufman, Texas 1 $ 115,000 $ 115,000 $ 37,000
Nacogdoches, Texas 1 $ 179,000 $ 179,000 $ 48,000
Nueces, Texas 1 $ 215,000 $ 215,000 $ 123,000
Rockwall, Texas 1 $ 417,000 $ 417,000 $ 123,000
Travis, Texas 1 $ 143,000 $ 143,000 $ 0
Wood, Texas 1 $ 156,000 $ 156,000 $ 73,000
Emery, Utah 1 $ 90,000 $ 90,000 $ 54,000
Juab, Utah 1 $ 145,000 $ 145,000 $ 57,000
Millard, Utah 1 $ 194,000 $ 194,000 $ 96,000
Sanpete, Utah 1 $ 72,000 $ 72,000 $ 71,000
Summit, Utah 1 $ 233,000 $ 233,000 $ 72,000
Uintah, Utah 1 $ 100,000 $ 100,000 $ 52,000
Chesapeake, Virginia 1 $ 247,000 $ 247,000 $ 181,000
Hampton, Virginia 1 $ 180,000 $ 180,000 $ 88,000
Grant, Washington 1 $ 123,000 $ 123,000 $ 90,000
King, Washington 1 $ 136,000 $ 136,000 $ 108,000
Carbon, Wyoming 1 $ 100,000 $ 100,000 $ 95,000
Sweetwater, Wyoming 1 $ 220,000 $ 220,000 $ 71,000

Mortgage Loan Application Detail Totals for Utah Financial Inc. in 2008

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Refinancing 877 $178,151,000 $203,000 $670,000 $53,000 $1,516,000
Home Purchase 569 $103,583,000 $182,000 $539,000 $76,000 $4,200,000
Home Improvement 2 $409,000 $204,000 $284,000 $22,000 $45,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 1,023 $202,241,000 $197,000 $670,000 $59,000 $1,516,000
Hispanic 200 $35,098,000 $175,000 $414,000 $62,000 $2,603,000
Black or African American 100 $18,029,000 $180,000 $638,000 $102,000 $4,200,000
Not Provided 68 $14,799,000 $217,000 $417,000 $57,000 $181,000
Asian 38 $7,991,000 $210,000 $425,000 $64,000 $228,000
Native Hawaiian or Other Pacific Islander 16 $3,367,000 $210,000 $535,000 $48,000 $113,000
American Indian or Alaskan Native 2 $413,000 $206,000 $231,000 $67,000 $93,000
Not applicable 1 $205,000 $205,000 $205,000 $74,000 $74,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
FHA-insured (Federal Housing Administration) 1,169 $224,678,000 $192,000 $670,000 $58,000 $4,200,000
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 246 $51,090,000 $207,000 $539,000 $85,000 $516,000
VA-guaranteed (Veterans Administration) 33 $6,375,000 $193,000 $353,000 $28,000 $112,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 0 $0 $0 $0 $0 $0

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 1,148 $222,827,000 $194,000 $670,000 $56,000 $430,000
Application Withdrawn By Applicant 297 $58,637,000 $197,000 $575,000 $85,000 $4,200,000
Application Approved But Not Accepted 2 $462,000 $231,000 $242,000 $35,000 $71,000
Application Denied By Financial Institution 1 $217,000 $217,000 $217,000 $49,000 $49,000
File Closed For Incompleteness 0 $0 $0 $0 $0 $0
Loan Purchased By The Institution 0 $0 $0 $0 $0 $0
Preapproval Approved but not Accepted 0 $0 $0 $0 $0 $0
Preapproval Denied by Financial Institution 0 $0 $0 $0 $0 $0

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Debt-To-Income Ratio 1 $217,000 $217,000 $217,000 $49,000 $49,000
Employment History 0 $0 $0 $0 $0 $0
Insufficient Cash (Downpayment, Closing Cost) 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0
Other 0 $0 $0 $0 $0 $0
Unverifiable Information 0 $0 $0 $0 $0 $0
Collateral 0 $0 $0 $0 $0 $0
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Credit History 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Utah Financial Inc.'s 2008 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.

This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics, and assess Utah Financial Inc.'s mortgage approval patterns. Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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