Provo-Orem, UT Metro Area Mortgage Lenders & HMDA Data, 2022
In 2022, lenders reported 48,441 mortgage applications in Provo-Orem, UT metro area totaling $17.3 billion, down 41% from 2021. The average application was for $358,091, and applicants reported an average income of $142,991. 59% of applications resulted in an originated loan and 11% were denied. The most active lender was Mountain America Federal Credit Union, with 5,241 applications, followed by America First Federal Credit Union and United Wholesale Mortgage.
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| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 48,441 |
| Total Mortgage Loan Application Amount | $17,346,305,000 |
| Average Mortgage Loan Application Amount | $358,091 |
| Highest Mortgage Loan Application Amount | $62,745,000 |
| Average Applicant Income | $142,991 |
| Highest Applicant Income | $8,702,000 |
Top Mortgage Lenders in Provo-Orem, UT Metro Area (2022)
Ranked by the number of mortgage applications each lender reported in Provo-Orem, UT metro area in 2022.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Mountain America Federal Credit Union Sandy, UT |
5,241 | $974,505,000 | $185,000 | $134,000 |
| 2 | America First Federal Credit Union Riverdale, UT |
3,748 | $527,220,000 | $140,000 | $143,000 |
| 3 | United Wholesale Mortgage Plymouth, MI |
3,123 | $1,365,855,000 | $437,000 | $144,000 |
| 4 | First Colony Mortgage Corporat Orem, UT |
2,244 | $969,160,000 | $431,000 | $145,000 |
| 5 | Utah Community Credit Union Provo, UT |
2,184 | $530,160,000 | $242,000 | $139,000 |
| 6 | Securitynational Mortgage Company Salt Lake City, UT |
1,561 | $650,415,000 | $416,000 | $140,000 |
| 7 | Intercap Lending Inc Salt Lake City, UT |
1,316 | $548,850,000 | $417,000 | $127,000 |
| 8 | DHI Mortgage Company, Ltd. Austin, TX |
1,248 | $500,680,000 | $401,000 | $110,000 |
| 9 | Security Home Mortgage Orem, UT |
1,020 | $416,160,000 | $408,000 | $129,000 |
| 10 | Zions Bancorporation, N.A. Denver, CO |
969 | $513,105,000 | $529,000 | $235,000 |
See every lender active in Provo-Orem, UT metro area in 2022 »
The tables below break down 2022 mortgage applications in Provo-Orem, UT metro area by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Provo-Orem, UT in 2022
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 |
|---|---|---|---|---|---|---|
| Home Purchase | 22,647 | $10,549,525,000 | $465,000 | $42,505,000 | $148,000 | $8,702,000 |
| Cash-out Refinancing | 8,400 | $3,064,440,000 | $364,000 | $28,005,000 | $126,000 | $6,514,000 |
| Refinancing | 6,854 | $2,283,530,000 | $333,000 | $62,745,000 | $144,000 | $6,803,000 |
| Home Improvement | 6,243 | $788,065,000 | $126,000 | $3,005,000 | $142,000 | $6,636,000 |
| Other Purpose | 4,238 | $644,170,000 | $151,000 | $7,505,000 | $152,000 | $8,162,000 |
| Not Applicable | 59 | $16,575,000 | $280,000 | $5,225,000 | $58,000 | $58,000 |
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 | 32,573 | $11,125,015,000 | $341,000 | $8,005,000 | $147,000 | $8,702,000 |
| Hispanic | 4,850 | $1,492,950,000 | $307,000 | $4,755,000 | $108,000 | $4,504,000 |
| Not Provided | 4,498 | $1,692,940,000 | $376,000 | $7,065,000 | $149,000 | $2,622,000 |
| Not applicable | 3,827 | $2,049,785,000 | $535,000 | $62,745,000 | $155,000 | $1,274,000 |
| Asian | 1,147 | $457,145,000 | $398,000 | $2,095,000 | $149,000 | $2,113,000 |
| Native Hawaiian or Other Pacific Islander | 553 | $196,125,000 | $354,000 | $2,985,000 | $138,000 | $2,007,000 |
| Black or African American | 473 | $159,925,000 | $338,000 | $2,005,000 | $138,000 | $1,890,000 |
| American Indian or Alaskan Native | 242 | $74,760,000 | $308,000 | $1,205,000 | $196,000 | $3,173,000 |
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 |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 42,436 | $14,863,600,000 | $350,000 | $62,745,000 | $149,000 | $8,702,000 |
| FHA-insured (Federal Housing Administration) | 4,097 | $1,562,145,000 | $381,000 | $4,755,000 | $85,000 | $493,000 |
| VA-guaranteed (Veterans Administration) | 1,689 | $838,095,000 | $496,000 | $2,365,000 | $108,000 | $1,165,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 219 | $82,465,000 | $376,000 | $825,000 | $84,000 | $166,000 |
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 | 28,348 | $9,913,500,000 | $349,000 | $62,745,000 | $146,000 | $8,702,000 |
| Application Withdrawn By Applicant | 7,055 | $2,873,255,000 | $407,000 | $4,755,000 | $141,000 | $4,610,000 |
| Application Denied By Financial Institution | 5,477 | $1,502,215,000 | $274,000 | $11,255,000 | $127,000 | $8,162,000 |
| Loan Purchased By The Institution | 4,317 | $1,977,095,000 | $457,000 | $5,225,000 | $154,000 | $1,914,000 |
| File Closed For Incompleteness | 2,099 | $693,595,000 | $330,000 | $5,105,000 | $141,000 | $3,816,000 |
| Application Approved But Not Accepted | 1,104 | $370,770,000 | $335,000 | $5,005,000 | $168,000 | $6,514,000 |
| Preapproval Approved but not Accepted | 21 | $10,185,000 | $485,000 | $1,105,000 | $118,000 | $305,000 |
| Preapproval Denied by Financial Institution | 20 | $5,690,000 | $284,000 | $635,000 | $89,000 | $206,000 |
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 |
|---|---|---|---|---|---|---|
| Not applicable | 42,922 | $15,821,400,000 | $368,000 | $62,745,000 | $145,000 | $8,702,000 |
| Debt-To-Income Ratio | 1,919 | $575,825,000 | $300,000 | $8,005,000 | $87,000 | $1,714,000 |
| Collateral | 966 | $240,840,000 | $249,000 | $11,255,000 | $180,000 | $8,162,000 |
| Credit History | 926 | $177,440,000 | $191,000 | $2,055,000 | $124,000 | $4,386,000 |
| Credit Application Incomplete | 574 | $180,140,000 | $313,000 | $3,005,000 | $143,000 | $1,788,000 |
| Other | 548 | $151,120,000 | $275,000 | $2,005,000 | $154,000 | $3,600,000 |
| Unverifiable Information | 359 | $97,965,000 | $272,000 | $3,005,000 | $130,000 | $1,368,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 146 | $73,980,000 | $506,000 | $3,005,000 | $143,000 | $1,105,000 |
| Employment History | 80 | $27,380,000 | $342,000 | $3,505,000 | $154,000 | $2,876,000 |
| Mortgage Insurance Denied | 1 | $215,000 | $215,000 | $215,000 | $25,000 | $25,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
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