Largest lenders in Cherokee County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Arvest Bank | C | 157 | 109 | 10.8% | 6.63% |
| 2 | BancFirst | C | 134 | 113 | 3.7% | 8.13% |
| 3 | Armstrong Bank | B | 125 | 87 | 8.0% | 7.10% |
| 4 | Rocket Mortgage | C | 81 | 53 | 28.4% | 6.75% |
| 5 | 21st Mortgage | F | 79 | 21 | 32.9% | 9.81% |
| 6 | Vanderbilt Mortgage and Finance | F | 72 | 13 | 34.7% | 8.75% |
| 7 | Triad Financial Services | D | 64 | 6 | 46.9% | 8.40% |
| 8 | Broker Solutions | D | 58 | 36 | 8.6% | 6.75% |
| 9 | TTCU Federal Credit Union | B | 41 | 30 | 14.6% | 7.00% |
| 10 | Mortgage Research Center | C | 39 | 16 | 18.0% | 6.50% |
| 11 | Credit Human Federal Credit Union | D | 34 | 4 | 70.6% | 7.60% |
| 12 | Local Bank | – | 29 | 29 | 0.0% | — |
| 13 | United Shore Financial Services | B | 28 | 14 | 25.0% | 6.44% |
| 14 | Southwest Stage Funding | F | 23 | 2 | 8.7% | 7.63% |
| 15 | American Mortgage Bank | C | 23 | 20 | 4.4% | 5.99% |
| 16 | Firstar Bank | B | 22 | 19 | 0.0% | 6.38% |
| 17 | Pennymac Loan Services | C | 19 | 11 | 21.1% | 6.00% |
| 18 | Freedom Mortgage | B | 19 | 6 | 21.1% | 6.00% |
| 19 | AmeriSave Mortgage | D | 16 | 7 | 43.8% | 7.13% |
| 20 | New Day Financial | F | 15 | 2 | 20.0% | 7.31% |
| 21 | Coastal Community Bank | C | 14 | 4 | 0.0% | 9.74% |
| 22 | Figure Lending | C | 14 | 8 | 21.4% | 8.15% |
| 23 | Newrez | D | 13 | 2 | 38.5% | 6.25% |
| 24 | Carrington Mortgage Services | D | 11 | 5 | 45.5% | 9.75% |
| 25 | American Bank of Oklahoma | B | 11 | 9 | 0.0% | 6.25% |
Best approval odds in Cherokee County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | BancFirst | 130 | 3.9% |
| 2 | Armstrong Bank | 115 | 8.7% |
| 3 | Arvest Bank | 126 | 13.5% |
| 4 | Rocket Mortgage | 76 | 30.3% |
| 5 | Triad Financial Services | 64 | 46.9% |
What Cherokee County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Cherokee County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,261 | 690 | 20.9% | 7.25% | $125,000 |
| 2024 | 1,375 | 735 | 21.0% | 7.13% | $145,000 |
| 2025 | 1,513 | 822 | 19.4% | 6.99% | $145,000 |
Frequently asked questions
19.4% of applications in Cherokee County were denied in 2025, against 17.9% statewide in Oklahoma.
Arvest Bank, with 157 applications in 2025 and a denial rate of 10.8%.
The median mortgage application in Cherokee County in 2025 was for $145,000; the median property value on originated loans was $235,000.