Our analysis of 2025 HMDA data. Rates are medians on loans actually opened.
Why HELOCs were denied in Salt Lake City, UT
First reason lenders gave, share of denials with a reason reported.
Denial rate by debt-to-income
Salt Lake City, UT HELOC applications, 2025.
| Debt-to-income | Decisions | Denied |
|---|---|---|
| Under 20% | 644 | 32% |
| 20% to 29% | 1,457 | 13% |
| 30% to 35% | 1,483 | 13% |
| 36% to 42% | 2,158 | 15% |
| 43% to 49% | 1,909 | 23% |
| 50% to 60% | 1,177 | 45% |
| Over 60% | 1,424 | 82% |
If you were denied a HELOC in Salt Lake City, UT
6 of the six major home equity investment providers list Utah as a service area: CHEIFS, Hometap, Point, Splitero, Unison, Unlock. See which could fit you.
Compare a HELOC, home equity loan, cash-out refinance, and home equity investment side by side, with your own approval odds, in the home equity options tool. A HELOC like the typical 2025 loan here would start around 6.63% at today’s prime rate.
State rules: Utah.
Other metro areas in Utah
Logan, UT-ID (25%) · Ogden, UT (21%) · St. George, UT (33%) · Provo, UT (29%) · All 358 metro areas
Questions
What is the HELOC denial rate in Salt Lake City, UT?
Lenders denied 30.0% of the 10,350 HELOC applications they decided in the Salt Lake City-Murray, UT metro area in 2025, below the national rate of 32.9%, according to federal HMDA data.
Why do HELOCs get denied in Salt Lake City, UT?
The most common first reason lenders gave was debt-to-income ratio (52% of denials with a reason reported).
What is a typical HELOC rate in Salt Lake City, UT?
The median starting rate on HELOCs opened in the Salt Lake City-Murray, UT area in 2025 was 7.00%. HELOC rates move with the prime rate, which has changed by -0.37 points since, so a similar loan today would start around 6.63%. Your rate depends on your credit, equity, and lender.
Source: FFIEC / CFPB HMDA data, 2025, second-lien HELOCs and home equity loans with a credit decision, by the metro area HMDA assigns. Metro names: U.S. Census Bureau. Free to use with attribution (CC BY 4.0). Methodology: HELOC denial data.
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