BMO Bank · Oklahoma · 2025

BMO Bank in Oklahoma: approval rate, denial rate and rates (2025)

BMO Bank took 176 mortgage applications in Oklahoma in 2025, ranking #136 of 821 lenders active in the state. It originated 34.7% of them and denied 43.8% (55.0% of the applications it decided), against a statewide denial rate of 17.9%.

176Applicationsin OK
55.0%Decision denial ratestate 22.9%
8.68%Median ratestate 6.63%
$80,000Median loanstate $165,000
$9.4MVolume28 counties

BMO Bank in Oklahoma vs the state

43.8%Denial rate+25.83 pts vs state
55.0%Decision denial rate+32.13 pts vs state
34.7%Origination rate-21.44 pts vs state
8.68%Median rate+2.05 pts vs state
1.48Rate spread (pts)+1.13 pts vs state
$82kMedian applicant income
61Loans originated
77Denied

Trend in Oklahoma

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231836744.8%7.74%#114
20241825843.4%9.34%#122
20251766143.8%8.68%#136

What BMO Bank lends in Oklahoma

By loan purpose

Home purchase 25 14% · 16.0% denied
Refinance 8 5% · 50.0% denied
Cash-out refinance 30 17% · 40.0% denied
Home improvement 67 38% · 53.7% denied
Other / HELOC 46 26% · 45.7% denied

By loan type

Conventional 170 97% · 43.5% denied
FHA 4 2% · 50.0% denied
VA 2 1% · 50.0% denied

Why it denied Oklahoma applicants

Credit history 34 44%
Debt-to-income ratio 25 32%
Unverifiable information 7 9%
Incomplete application 5 6%
Collateral 4 5%
Other 2 3%

Where in Oklahoma

Counties with the most BMO Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oklahoma County 421319 45.2%
Tulsa County 301313 43.3%
Garfield County 24911 45.8%
Seminole County 1163 27.3%
Cleveland County 834 50.0%
Carter County 730 0.0%
Logan County 706 85.7%
Rogers County 512 40.0%
Payne County 532 40.0%
Pontotoc County 412 50.0%

Other large lenders in Oklahoma

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 6,99024.0%6.75%
First United Bank and TrustC 5,6305.9%6.88%
Arvest BankC 5,38717.6%7.00%
21st MortgageF 5,21746.8%9.83%
BancFirstC 4,79910.0%7.38%
BOKFD 4,22720.2%6.63%
Mortgage Research CenterC 4,01218.8%6.25%
United Shore Financial ServicesB 3,73513.8%6.13%
Associated MortgageA 3,2130.7%6.50%
Vanderbilt Mortgage and FinanceF 2,61038.3%9.75%

Frequently asked questions

Oklahoma: 176 applications in 2025, of which 61 were originated and 77 denied.

43.8% of all applications, or 55.0% of the applications it actually decided on. The Oklahoma statewide average across all lenders was 17.9%.

The median rate on loans BMO Bank originated in Oklahoma in 2025 was 8.68%, against a statewide median of 6.63%.

About this data. Figures are BMO Bank's own HMDA filing for properties located in Oklahoma, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology