Utah
Mortgage Loan Application
Totals and Details
in 2016

Find mortgage statistics for Utah.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2016 in all of Utah.
You can organize this information by metropolitan area and by county.

Years 2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 227,871
Total Mortgage Loan Application Amount $52,964,625,000
Average Mortgage Loan Application Amount $232,000
Highest Mortgage Loan Application Amount $75,800,000
Average Applicant Income $80,000
Highest Applicant Income $9,999,000

We provide overall totals and averages for each year, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or lending statistics in Utah, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists are also able to be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

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Mortgage Loan Application Detail Totals for Utah in 2016

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 109,720 $25,291,459,000 $230,000 $75,800,000 $79,000 $9,999,000
Home Purchase 107,678 $26,198,681,000 $243,000 $39,346,000 $79,000 $8,547,000
Home Improvement 10,473 $1,474,485,000 $140,000 $5,600,000 $93,000 $5,427,000

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 164,529 $37,590,500,000 $228,000 $6,400,000 $90,000 $9,999,000
Not applicable 24,735 $7,157,138,000 $289,000 $75,800,000 $12,000 $8,810,000
Hispanic 15,668 $2,803,759,000 $178,000 $5,000,000 $59,000 $8,246,000
Not Provided 15,104 $3,650,039,000 $241,000 $10,001,000 $98,000 $9,999,000
Asian 4,343 $1,048,506,000 $241,000 $2,160,000 $93,000 $2,573,000
Native Hawaiin or Other Pacific Islander 1,360 $288,898,000 $212,000 $1,220,000 $73,000 $1,300,000
Black or African American 1,189 $253,740,000 $213,000 $2,280,000 $67,000 $1,263,000
American Indian or Alaskan Native 943 $172,045,000 $182,000 $680,000 $71,000 $6,000,000

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) 157,091 $37,410,674,000 $238,000 $75,800,000 $96,000 $9,999,000
FHA-insured (Federal Housing Administration) 48,332 $10,021,164,000 $207,000 $39,346,000 $42,000 $8,810,000
VA-guaranteed (Veterans Administration) 18,160 $4,689,530,000 $258,000 $1,581,000 $48,000 $822,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 4,288 $843,257,000 $196,000 $525,000 $40,000 $1,030,000

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 126,325 $29,618,155,000 $234,000 $39,346,000 $89,000 $9,999,000
Loan Purchased By The Institution 36,349 $8,841,303,000 $243,000 $75,800,000 $39,000 $8,810,000
Application Denied By Financial Institution 25,392 $5,418,665,000 $213,000 $30,000,000 $80,000 $7,057,000
Application Withdrawn By Applicant 25,379 $5,708,853,000 $224,000 $36,408,000 $87,000 $7,921,000
File Closed For Incompleteness 9,891 $2,270,934,000 $229,000 $6,400,000 $86,000 $7,272,000
Application Approved But Not Accepted 4,534 $1,106,705,000 $244,000 $11,639,000 $106,000 $8,547,000
Preapproval Approved but not Accepted 1 $10,000 $10,000 $10,000 $45,000 $45,000
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 3,790 $863,534,000 $227,000 $4,000,000 $62,000 $2,631,000
Credit History 3,787 $626,101,000 $165,000 $4,000,000 $82,000 $1,919,000
Collateral 2,133 $506,770,000 $237,000 $3,247,000 $109,000 $7,057,000
Unverifiable Information 1,759 $369,280,000 $209,000 $3,000,000 $96,000 $3,032,000
Credit Application Incomplete 1,563 $356,663,000 $228,000 $5,400,000 $86,000 $1,271,000
Other 1,381 $285,216,000 $206,000 $5,000,000 $100,000 $4,176,000
Insufficient Cash (Downpayment, Closing Cost) 688 $178,158,000 $258,000 $4,000,000 $99,000 $2,626,000
Employment History 326 $70,957,000 $217,000 $1,300,000 $69,000 $652,000
Mortgage Insurance Denied 7 $1,091,000 $155,000 $359,000 $61,000 $85,000
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Mortgage Loan Application Totals in 2016 by Utah Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
LOGAN, UT-ID 6,704 $ 1,244,838,000 $ 185,000 $ 67,000
OGDEN-CLEARFIELD, UT 52,921 $ 11,073,016,000 $ 209,000 $ 69,000
PROVO-OREM, UT 46,302 $ 10,922,021,000 $ 235,000 $ 78,000
SALT LAKE CITY, UT 87,729 $ 20,896,828,000 $ 238,000 $ 78,000
ST. GEORGE, UT 13,342 $ 3,016,893,000 $ 226,000 $ 79,000
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Mortgage Loan Application Totals in 2016 by Utah County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Beaver 304 $ 42,849,000 $ 140,000 $ 67,000
Box Elder 3,471 $ 584,650,000 $ 168,000 $ 60,000
Cache 6,708 $ 1,245,545,000 $ 185,000 $ 67,000
Carbon 832 $ 108,315,000 $ 130,000 $ 53,000
Daggett 75 $ 11,445,000 $ 152,000 $ 119,000
Davis 28,021 $ 6,452,855,000 $ 230,000 $ 74,000
Duchesne 910 $ 148,243,000 $ 162,000 $ 82,000
Emery 299 $ 35,959,000 $ 120,000 $ 53,000
Garfield 228 $ 33,689,000 $ 147,000 $ 106,000
Grand 511 $ 115,768,000 $ 226,000 $ 109,000
Iron 3,259 $ 551,572,000 $ 169,000 $ 71,000
Juab 656 $ 117,674,000 $ 179,000 $ 55,000
Kane 639 $ 111,325,000 $ 174,000 $ 98,000
Millard 556 $ 73,818,000 $ 132,000 $ 62,000
Morgan 898 $ 259,004,000 $ 288,000 $ 99,000
Piute 60 $ 7,326,000 $ 122,000 $ 61,000
Rich 249 $ 50,055,000 $ 201,000 $ 117,000
Salt Lake 81,530 $ 19,732,349,000 $ 242,000 $ 80,000
San Juan 386 $ 52,276,000 $ 135,000 $ 62,000
Sanpete 1,304 $ 203,755,000 $ 156,000 $ 54,000
Sevier 1,063 $ 155,611,000 $ 146,000 $ 55,000
Summit 4,386 $ 2,523,335,000 $ 575,000 $ 280,000
Tooele 6,402 $ 1,207,407,000 $ 188,000 $ 59,000
Uintah 1,860 $ 314,098,000 $ 168,000 $ 55,000
Utah 45,693 $ 10,813,661,000 $ 236,000 $ 78,000
Wasatch 2,998 $ 1,038,112,000 $ 346,000 $ 153,000
Washington 13,351 $ 3,019,246,000 $ 226,000 $ 79,000
Wayne 95 $ 15,616,000 $ 164,000 $ 75,000
Weber 20,572 $ 3,783,606,000 $ 183,000 $ 62,000

We hope these totals and details for mortgage applications will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in UT.

If you prefer, you can download a copy of the entire list of mortgage lenders in Utah, and search similar information back through 2003.

Download the Utah Lender List