# Bank of Utah

> **Canonical URL:** https://saferate.com/lenders/bank-of-utah


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Bank of Utah is a bank, headquartered in Ogden, UT, serving borrowers across 9 states, with 409 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 60% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 25% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300NNL9H573MWO110
- **Headquarters:** Ogden, UT
- **Geographic Reach:** Multi-Region
- **States Served:** 9
- **State List:** CA, ID, MO, NV, OR, TX, UT, VA, WY
- **Markets (MSAs):** 6
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 93.8%
- **Brokered/Wholesale:** 6.2%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 40/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 75/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** -0.147%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $3,623
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 409
- **Dollar Volume:** $173 million
- **Applications Received:** 548
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $423,386
- **Average Borrower Income:** $153,323
- **Average Property Value:** $610,697

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (78%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 64/100 | 261 | -0.204% | $3,949 | Strong 😀 |
| FHA | 71/100 | 112 | +0.237% | $1,533 | Strong 😀 |
| VA | 65/100 | 27 | -0.366% | $3,381 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 230 loans, Score: 64/100 (Strong)
- Refinance: 31 loans, Score: 41/100 (Sound)

**FHA:**
- Purchase: 106 loans, Score: 71/100 (Strong)

**VA:**
- Purchase: 25 loans, Score: 64/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 68/100 | 369 | $160M | -0.083% | Strong 😀 |
| Refinance | 55/100 | 40 | $13M | -0.457% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| UT | 385 | 0.86% | 83/100 |
| ID | 15 | 0.06% | 45/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Ogden, UT | UT | 125 | 81/100 |
| Non |  | 102 | 56/100 |
| Logan, UT | UT-ID | 101 | 93/100 |
| Salt Lake City | UT | 42 | 62/100 |
| St. George, UT | UT | 16 | 52/100 |
| Provo | UT | 14 | 47/100 |

## Where This Lender Ranks

Bank of Utah appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Utah for FHA Loans
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Utah for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Ogden, UT Banks
  - [View Full Rankings](https://saferate.com/ogden-ut/best-mortgage-lenders/banks)
- 🥇 **#1** in Ogden, UT for FHA Loans
  - [View Full Rankings](https://saferate.com/ogden-ut/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Ogden, UT for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/ogden-ut/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Ogden, UT for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/ogden-ut/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Logan, UT for FHA Loans
  - [View Full Rankings](https://saferate.com/logan-ut/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Logan, UT for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/logan-ut/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Logan, UT for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/logan-ut/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Salt Lake City for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders/banks/fha-loans)
- 🥈 **#2** in Utah Banks
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders/banks)
- 🥈 **#2** in Utah for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders/banks/va-loans)
- 🥉 **#3** in Logan, UT
  - [View Full Rankings](https://saferate.com/logan-ut/best-mortgage-lenders)
- 🥉 **#3** in Logan, UT for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/logan-ut/best-mortgage-lenders/banks/conventional-loans)
- 🥉 **#3** in Logan, UT for VA Loans
  - [View Full Rankings](https://saferate.com/logan-ut/best-mortgage-lenders/va-loans)
- 🥉 **#3** in Salt Lake City for FHA Loans
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders/fha-loans)
- 🏆 **#4** in Salt Lake City Banks
  - [View Full Rankings](https://saferate.com/salt-lake-city/best-mortgage-lenders/banks)
- 🏆 **#5** in Utah for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/utah/best-mortgage-lenders/banks/jumbo-loans)
- 🏆 **#5** in Ogden, UT
  - [View Full Rankings](https://saferate.com/ogden-ut/best-mortgage-lenders)
- 🏆 **#5** in Ogden, UT for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/ogden-ut/best-mortgage-lenders/banks/conventional-loans)

## Frequently Asked Questions

### What loan types does Bank of Utah offer?

Bank of Utah offers the following mortgage loan types: FHA, Conventional, VA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Bank of Utah offer mortgages?

Bank of Utah offers mortgages in 9 states: CA, ID, MO, NV, OR, TX, UT, VA, WY.

### How competitive are Bank of Utah's mortgage rates?

Bank of Utah has a pricing score of 40/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.147% below market average.

### What type of lender is Bank of Utah?

Bank of Utah is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Ogden, UT.

### What is Bank of Utah's loan approval success rate?

Bank of Utah has a pull-through score of 75/100 (Strong). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/bank-of-utah

### How to Cite

> "Bank of Utah Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/bank-of-utah

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**[View Interactive Profile →](https://saferate.com/lenders/bank-of-utah)**