Utah
Mortgage Loan Application
Totals and Details
in 2019

Find mortgage statistics and mortgage data for Utah.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2019 in all of Utah.
You can organize this information by metropolitan area and by county.

Years 2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 277,438
Total Mortgage Loan Application Amount $73,934,095,000
Average Mortgage Loan Application Amount $266,000
Highest Mortgage Loan Application Amount $70,575,000
Average Applicant Income $108,000
Highest Applicant Income $9,967,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Utah, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also 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 2019

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 107,281 $33,065,565,000 $308,000 $68,165,000 $110,000 $9,557,000
Refinancing 76,052 $21,710,445,000 $285,000 $51,605,000 $110,000 $9,262,000
Cash-out Refinancing 56,058 $15,249,370,000 $272,000 $70,575,000 $97,000 $9,967,000
Home Improvement 17,843 $1,699,375,000 $95,000 $23,805,000 $111,000 $7,965,000
Other Purpose 17,706 $1,856,850,000 $104,000 $22,505,000 $117,000 $8,598,000
Not Applicable 2,498 $352,490,000 $141,000 $2,145,000 $113,000 $1,469,000

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 195,301 $49,664,545,000 $254,000 $9,995,000 $111,000 $9,557,000
Not Provided 27,030 $7,765,790,000 $287,000 $13,355,000 $113,000 $8,598,000
Not applicable 22,785 $9,200,140,000 $403,000 $70,575,000 $104,000 $8,900,000
Hispanic 21,311 $4,478,555,000 $210,000 $5,005,000 $75,000 $3,336,000
Asian 5,775 $1,592,025,000 $275,000 $2,855,000 $109,000 $3,749,000
Black or African American 1,667 $419,885,000 $251,000 $4,145,000 $88,000 $1,188,000
Native Hawaiian or Other Pacific Islander 1,643 $389,585,000 $237,000 $1,485,000 $91,000 $8,900,000
American Indian or Alaskan Native 1,122 $234,670,000 $209,000 $1,925,000 $85,000 $1,300,000

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) 217,605 $57,245,140,000 $263,000 $70,575,000 $115,000 $9,967,000
FHA-insured (Federal Housing Administration) 37,260 $9,794,990,000 $262,000 $68,165,000 $66,000 $3,600,000
VA-guaranteed (Veterans Administration) 19,240 $6,104,870,000 $317,000 $4,145,000 $77,000 $1,267,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,333 $789,095,000 $236,000 $485,000 $63,000 $331,000

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 160,798 $43,156,765,000 $268,000 $70,575,000 $109,000 $9,483,000
Loan Purchased By The Institution 37,278 $10,844,520,000 $290,000 $25,305,000 $100,000 $8,900,000
Application Withdrawn By Applicant 33,339 $9,405,555,000 $282,000 $47,005,000 $110,000 $8,598,000
Application Denied By Financial Institution 29,290 $5,976,150,000 $204,000 $23,905,000 $94,000 $4,159,000
File Closed For Incompleteness 10,657 $3,033,435,000 $284,000 $68,165,000 $108,000 $3,798,000
Application Approved But Not Accepted 5,978 $1,490,970,000 $249,000 $8,555,000 $130,000 $9,967,000
Preapproval Approved but not Accepted 79 $22,145,000 $280,000 $1,195,000 $103,000 $642,000
Preapproval Denied by Financial Institution 19 $4,555,000 $239,000 $525,000 $68,000 $174,000

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 245,263 $66,906,890,000 $272,000 $70,575,000 $109,000 $9,967,000
Debt-To-Income Ratio 11,359 $2,871,105,000 $252,000 $32,635,000 $85,000 $8,900,000
Credit History 6,806 $918,950,000 $135,000 $2,445,000 $91,000 $4,159,000
Collateral 5,440 $1,153,870,000 $212,000 $13,355,000 $120,000 $3,749,000
Other 3,072 $677,360,000 $220,000 $23,905,000 $111,000 $3,804,000
Credit Application Incomplete 2,499 $694,655,000 $277,000 $3,555,000 $107,000 $2,177,000
Unverifiable Information 1,878 $378,230,000 $201,000 $3,005,000 $108,000 $2,615,000
Insufficient Cash (Downpayment, Closing Cost) 682 $220,560,000 $323,000 $3,005,000 $113,000 $3,840,000
Employment History 434 $111,340,000 $256,000 $1,835,000 $84,000 $970,000
Mortgage Insurance Denied 5 $1,135,000 $227,000 $425,000 $58,000 $81,000
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Mortgage Loan Application Totals in 2019 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 7,799 $ 1,770,755,000 $ 227,000 $ 91,000
OGDEN-CLEARFIELD, UT 65,143 $ 15,282,265,000 $ 234,000 $ 95,000
PROVO-OREM, UT 55,740 $ 15,420,370,000 $ 276,000 $ 106,000
SALT LAKE CITY, UT 106,887 $ 29,400,620,000 $ 275,000 $ 105,000
ST. GEORGE, UT 17,806 $ 4,649,430,000 $ 261,000 $ 111,000
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Mortgage Loan Application Totals in 2019 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 360 $ 52,840,000 $ 146,000 $ 85,000
Box Elder 4,586 $ 931,440,000 $ 203,000 $ 82,000
Cache 7,810 $ 1,771,340,000 $ 226,000 $ 91,000
Carbon 935 $ 124,785,000 $ 133,000 $ 71,000
Daggett 70 $ 10,500,000 $ 150,000 $ 83,000
Davis 33,398 $ 8,346,500,000 $ 249,000 $ 101,000
Duchesne 1,074 $ 184,180,000 $ 171,000 $ 89,000
Emery 381 $ 50,905,000 $ 133,000 $ 71,000
Garfield 348 $ 54,760,000 $ 157,000 $ 103,000
Grand 571 $ 142,575,000 $ 249,000 $ 132,000
Iron 4,236 $ 871,360,000 $ 205,000 $ 91,000
Juab 820 $ 176,650,000 $ 215,000 $ 77,000
Kane 822 $ 169,590,000 $ 206,000 $ 121,000
Millard 574 $ 87,180,000 $ 151,000 $ 77,000
Morgan 1,051 $ 346,015,000 $ 329,000 $ 144,000
Piute 73 $ 11,535,000 $ 158,000 $ 80,000
Rich 359 $ 91,765,000 $ 255,000 $ 179,000
Salt Lake 98,054 $ 27,479,725,000 $ 280,000 $ 107,000
San Juan 458 $ 79,050,000 $ 172,000 $ 81,000
Sanpete 1,620 $ 294,540,000 $ 181,000 $ 74,000
Sevier 1,294 $ 211,990,000 $ 163,000 $ 76,000
Summit 5,061 $ 3,034,105,000 $ 599,000 $ 334,000
Tooele 8,966 $ 2,003,250,000 $ 223,000 $ 81,000
Uintah 1,889 $ 316,105,000 $ 167,000 $ 83,000
Utah 54,942 $ 15,245,540,000 $ 277,000 $ 106,000
Wasatch 3,576 $ 1,498,670,000 $ 419,000 $ 199,000
Washington 17,817 $ 4,654,425,000 $ 261,000 $ 111,000
Wayne 143 $ 26,505,000 $ 185,000 $ 94,000
Weber 26,150 $ 5,666,270,000 $ 216,000 $ 86,000

We hope these mortgage application details and statistics 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 Utah.

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