Sovereign Bank · Oklahoma · 2025

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

Sovereign Bank took 515 mortgage applications in Oklahoma in 2025, ranking #63 of 821 lenders active in the state. It originated 90.7% of them and denied 1.8% (1.8% of the applications it decided), against a statewide denial rate of 17.9%.

515Applicationsin OK
1.8%Decision denial ratestate 22.9%
6.99%Median ratestate 6.63%
$205,000Median loanstate $165,000
$117MVolume33 counties

Sovereign Bank in Oklahoma vs the state

1.8%Denial rate-16.17 pts vs state
1.8%Decision denial rate-21.07 pts vs state
90.7%Origination rate+34.58 pts vs state
6.99%Median rate+0.37 pts vs state
0.26Rate spread (pts)-0.09 pts vs state
$103kMedian applicant income
467Loans originated
9Denied

Trend in Oklahoma

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234994323.4%7.13%#56
20245735072.8%7.00%#55
20255154671.8%6.99%#63

What Sovereign Bank lends in Oklahoma

By loan purpose

Home purchase 365 71% · 1.6% denied
Refinance 107 21% · 0.9% denied
Cash-out refinance 26 5% · 7.7% denied
Home improvement 15 3% · 0.0% denied
Other / HELOC 2 0% · 0.0% denied

By loan type

Conventional 386 75% · 1.3% denied
FHA 88 17% · 4.6% denied
VA 40 8% · 0.0% denied
USDA / RHS 1 0% · 0.0% denied

Why it denied Oklahoma applicants

Credit history 4 44%
Insufficient cash 2 22%
Unverifiable information 1 11%
Employment history 1 11%
Debt-to-income ratio 1 11%

Where in Oklahoma

Counties with the most Sovereign Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oklahoma County 1751565 2.9%
Comanche County 68651 1.5%
Canadian County 66620 0.0%
Cleveland County 50462 4.0%
Pottawatomie County 47421 2.1%
Logan County 15140 0.0%
McClain County 14130 0.0%
Grady County 11100 0.0%
Greer County 880 0.0%
Seminole County 850 0.0%

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: 515 applications in 2025, of which 467 were originated and 9 denied.

1.8% of all applications, or 1.8% of the applications it actually decided on. The Oklahoma statewide average across all lenders was 17.9%.

The median rate on loans Sovereign Bank originated in Oklahoma in 2025 was 6.99%, against a statewide median of 6.63%.

About this data. Figures are Sovereign 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