Utah
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive Utah mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing aggregated HMDA statistics for all Utah based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Utah's mortgage market trends.

Years 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 144,403
Total Mortgage Loan Application Amount $46,810,180,000
Average Mortgage Loan Application Amount $324,000
Highest Mortgage Loan Application Amount $92,605,000
Average Applicant Income $152,000
Highest Applicant Income $9,933,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in Utah. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in Utah, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in Utah.

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Mortgage Loan Application Detail Totals for Utah in 2023

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 69,547 $30,921,635,000 $444,000 $56,305,000 $165,000 $9,566,000
Home Improvement 20,410 $2,244,330,000 $109,000 $18,505,000 $139,000 $9,933,000
Other Purpose 19,435 $2,649,105,000 $136,000 $89,005,000 $140,000 $8,400,000
Cash-out Refinancing 17,949 $5,612,425,000 $312,000 $92,605,000 $139,000 $8,500,000
Refinancing 16,892 $5,338,385,000 $316,000 $70,735,000 $150,000 $5,880,000
Not Applicable 170 $44,300,000 $260,000 $1,925,000 $549,000 $2,695,000

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 94,560 $27,931,340,000 $295,000 $89,005,000 $159,000 $9,933,000
Hispanic 16,913 $4,250,525,000 $251,000 $4,705,000 $112,000 $5,376,000
Not Provided 12,982 $4,424,150,000 $340,000 $14,805,000 $164,000 $8,500,000
Not applicable 12,262 $7,830,025,000 $638,000 $92,605,000 $190,000 $1,572,000
Asian 3,555 $1,254,165,000 $352,000 $6,665,000 $159,000 $3,432,000
Black or African American 1,397 $400,955,000 $287,000 $4,255,000 $123,000 $4,022,000
Native Hawaiian or Other Pacific Islander 1,187 $296,535,000 $249,000 $2,985,000 $125,000 $3,415,000
American Indian or Alaskan Native 919 $212,665,000 $231,000 $1,495,000 $121,000 $2,737,000

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) 118,757 $36,346,460,000 $306,000 $92,605,000 $162,000 $9,933,000
FHA-insured (Federal Housing Administration) 19,228 $7,511,180,000 $390,000 $66,785,000 $99,000 $2,589,000
VA-guaranteed (Veterans Administration) 6,020 $2,829,120,000 $469,000 $3,505,000 $120,000 $2,300,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 398 $123,420,000 $310,000 $635,000 $87,000 $155,000

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 81,081 $26,094,540,000 $321,000 $78,375,000 $158,000 $9,933,000
Application Denied By Financial Institution 21,993 $5,009,145,000 $227,000 $89,005,000 $121,000 $8,370,000
Application Withdrawn By Applicant 17,939 $6,969,105,000 $388,000 $66,785,000 $161,000 $9,330,000
Loan Purchased By The Institution 12,811 $5,777,795,000 $451,000 $92,605,000 $174,000 $1,916,000
File Closed For Incompleteness 6,120 $1,631,030,000 $266,000 $37,945,000 $143,000 $8,400,000
Application Approved But Not Accepted 4,337 $1,279,355,000 $294,000 $14,205,000 $178,000 $8,199,000
Preapproval Approved but not Accepted 97 $40,565,000 $418,000 $1,035,000 $118,000 $357,000
Preapproval Denied by Financial Institution 25 $8,645,000 $345,000 $565,000 $122,000 $407,000

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 121,582 $41,307,695,000 $339,000 $92,605,000 $158,000 $9,933,000
Debt-To-Income Ratio 9,718 $2,594,270,000 $266,000 $56,305,000 $100,000 $6,151,000
Credit History 4,837 $796,055,000 $164,000 $89,005,000 $111,000 $4,805,000
Collateral 3,054 $703,120,000 $230,000 $14,805,000 $175,000 $8,370,000
Other 2,208 $522,160,000 $236,000 $54,375,000 $158,000 $4,135,000
Credit Application Incomplete 1,298 $354,850,000 $273,000 $7,005,000 $152,000 $4,157,000
Unverifiable Information 1,029 $259,835,000 $252,000 $5,985,000 $153,000 $6,320,000
Insufficient Cash (Downpayment, Closing Cost) 462 $208,940,000 $452,000 $6,005,000 $163,000 $5,339,000
Employment History 212 $61,670,000 $290,000 $1,605,000 $120,000 $2,809,000
Mortgage Insurance Denied 3 $1,585,000 $528,000 $805,000 $213,000 $419,000
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Mortgage Loan Application Totals in 2023 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 4,798 $ 1,292,270,000 $ 269,000 $ 129,000
OGDEN-CLEARFIELD, UT 31,937 $ 8,954,285,000 $ 280,000 $ 130,000
PROVO-OREM, UT 30,887 $ 10,885,890,000 $ 352,000 $ 157,000
SALT LAKE CITY, UT 50,154 $ 15,509,970,000 $ 309,000 $ 143,000
ST. GEORGE, UT 10,333 $ 3,476,475,000 $ 336,000 $ 170,000
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Mortgage Loan Application Totals in 2023 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 264 $ 48,480,000 $ 183,000 $ 95,000
Box Elder 2,817 $ 686,885,000 $ 243,000 $ 107,000
Cache 4,798 $ 1,292,270,000 $ 269,000 $ 129,000
Carbon 988 $ 210,540,000 $ 213,000 $ 94,000
Daggett 36 $ 9,920,000 $ 275,000 $ 172,000
Davis 15,201 $ 4,516,565,000 $ 297,000 $ 140,000
Duchesne 873 $ 182,885,000 $ 209,000 $ 114,000
Emery 303 $ 47,765,000 $ 157,000 $ 97,000
Garfield 218 $ 46,460,000 $ 213,000 $ 154,000
Grand 449 $ 133,525,000 $ 297,000 $ 175,000
Iron 2,984 $ 752,850,000 $ 252,000 $ 125,000
Juab 519 $ 138,945,000 $ 267,000 $ 115,000
Kane 592 $ 171,190,000 $ 289,000 $ 198,000
Millard 435 $ 89,405,000 $ 205,000 $ 100,000
Morgan 607 $ 225,445,000 $ 371,000 $ 219,000
Piute 59 $ 9,865,000 $ 167,000 $ 94,000
Rich 281 $ 113,985,000 $ 405,000 $ 292,000
Salt Lake 44,908 $ 14,102,750,000 $ 314,000 $ 147,000
San Juan 337 $ 80,295,000 $ 238,000 $ 139,000
Sanpete 1,022 $ 254,730,000 $ 249,000 $ 111,000
Sevier 896 $ 191,310,000 $ 213,000 $ 110,000
Summit 2,566 $ 2,393,800,000 $ 932,000 $ 478,000
Tooele 5,246 $ 1,407,220,000 $ 268,000 $ 110,000
Uintah 1,629 $ 302,015,000 $ 185,000 $ 96,000
Utah 30,368 $ 10,746,945,000 $ 353,000 $ 158,000
Wasatch 2,277 $ 1,634,345,000 $ 717,000 $ 391,000
Washington 10,333 $ 3,476,475,000 $ 336,000 $ 170,000
Wayne 85 $ 17,925,000 $ 210,000 $ 118,000
Weber 13,312 $ 3,525,390,000 $ 264,000 $ 119,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into Utah's 2023 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Utah's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the Utah Lender List