# CANOPY MORTGAGE, LLC

> **Canonical URL:** https://saferate.com/lenders/canopy-mortgage

> **📋 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

CANOPY MORTGAGE, LLC is a independent mortgage company, headquartered in LEHI, UT, serving borrowers nationwide, with 5,941 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 79% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 30% for loan approval success

## Overview

- **Institution Type:** Independent Mortgage Company
- **LEI (Legal Entity Identifier):** 549300ZWNETGFXTBBY03
- **Headquarters:** LEHI, UT
- **Geographic Reach:** National
- **States Served:** 46
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NH, NJ, NM, NV, OH, OK, OR, PA, SC, SD, TN, TX, UT, VA, WA, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.9%
- **Brokered/Wholesale:** 0.1%

## Safe Rate Ratings

### Pricing: Acceptable 🙂
- Score: 21/100
- Rating: ●●○○○ (2/5)

### Pull Through: Strong 😀
- Score: 70/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.325%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $4,270
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 5,941
- **Dollar Volume:** $2.1 billion
- **Applications Received:** 9,351
- **Market Share:** 17.00%

## Typical Borrower Profile

- **Average Loan Amount:** $359,999
- **Average Borrower Income:** $132,365

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (62%)
- ⭐ **USDA Gold Superstar** (62%)
- ⭐ **Purchase Gold Superstar** (62%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 83/100 | 3,131 | +0.297% | $3,977 | Exceptional 🤩 |
| FHA | 87/100 | 1,823 | +0.597% | $4,667 | Exceptional 🤩 |
| VA | 86/100 | 844 | -0.227% | $4,966 | Exceptional 🤩 |
| Jumbo | 51/100 | 45 | +0.306% | $2,282 | Sound ☺️ |
| USDA | 85/100 | 98 | +0.300% | $3,380 | Exceptional 🤩 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 2,708 loans, Score: 84/100 (Exceptional)
- Refinance: 423 loans, Score: 76/100 (Strong)

**FHA:**
- Purchase: 1,752 loans, Score: 87/100 (Exceptional)
- Refinance: 71 loans, Score: 52/100 (Sound)

**VA:**
- Purchase: 826 loans, Score: 86/100 (Exceptional)

**Jumbo:**
- Purchase: 40 loans, Score: 50/100 (Sound)

**USDA:**
- Purchase: 97 loans, Score: 85/100 (Exceptional)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 87/100 | 5,423 | $2.0B | +0.334% | Exceptional 🤩 |
| Refinance | 77/100 | 518 | $180M | +0.244% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| GA | 1,308 | 0.95% | 86/100 |
| AL | 894 | 1.49% | 90/100 |
| WA | 647 | 0.76% | 82/100 |
| TX | 512 | 0.15% | 70/100 |
| UT | 418 | 0.93% | 76/100 |
| FL | 355 | 0.12% | 65/100 |
| ID | 273 | 1.02% | 72/100 |
| NV | 211 | 0.52% | 73/100 |
| OR | 188 | 0.44% | 70/100 |
| TN | 176 | 0.19% | 65/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 691 | 72/100 |
| Atlanta | GA | 471 | 80/100 |
| Columbus, GA | GA-AL | 312 | 100/100 |
| Huntsville, AL | AL | 272 | 87/100 |
| Marietta, GA | GA | 211 | 79/100 |
| Spokane | WA | 206 | 87/100 |
| Orlando | FL | 200 | 71/100 |
| Birmingham, AL | AL | 164 | 79/100 |
| Auburn | AL | 160 | 92/100 |
| Provo | UT | 154 | 74/100 |
| Idaho Falls, ID | ID | 134 | 85/100 |
| Tacoma | WA | 131 | 78/100 |
| Salt Lake City | UT | 126 | 69/100 |
| Las Vegas | NV | 122 | 68/100 |
| Beaumont | TX | 106 | 84/100 |

## Frequently Asked Questions

### What loan types does CANOPY MORTGAGE, LLC offer?

CANOPY MORTGAGE, LLC offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, USDA. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does CANOPY MORTGAGE, LLC offer mortgages?

CANOPY MORTGAGE, LLC is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are CANOPY MORTGAGE, LLC's mortgage rates?

CANOPY MORTGAGE, LLC has a pricing score of 21/100 (Acceptable), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.325% above market average.

### What type of lender is CANOPY MORTGAGE, LLC?

CANOPY MORTGAGE, LLC is a non-depository lender that specializes in mortgage origination, headquartered in LEHI, UT.

### What is CANOPY MORTGAGE, LLC's loan approval success rate?

CANOPY MORTGAGE, LLC has a pull-through score of 70/100 (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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/canopy-mortgage

### How to Cite

> "CANOPY MORTGAGE, LLC Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/canopy-mortgage

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