Arvest Bank Group Mortgage Lending & HMDA Data, 2007
In 2007, Arvest Bank Group of Tulsa, OK reported 10,342 mortgage applications totaling $483.6 million, down 7% from 2006. The average application was for $46,761, and applicants reported an average income of $75,258. 75% of its applications resulted in an originated loan and 14% were denied. Its largest markets were Fayetteville-Springdale-Rogers, AR-MO (4,001), Tulsa, OK (1,226) and Little Rock-North Little Rock-Conway, AR (828) (applications in parentheses).
| Mortgage Company & Address | Arvest Bank Group 4500 South Garnett Suit 440 Tulsa, OK 74146 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 10,342 |
| Total Mortgage Loan Application Amount | $483,603,000 |
| Average Mortgage Loan Application Amount | $46,761 |
| Highest Mortgage Loan Application Amount | $2,492,000 |
| Average Applicant Income | $75,258 |
| Highest Applicant Income | $9,999,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Arvest Bank Group filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Fayetteville-Springdale-Rogers, AR-MO | 4,001 | $ 216,985,000 | $ 54,232 | $ 93,109 |
| Tulsa, OK | 1,226 | $ 56,009,000 | $ 45,684 | $ 80,000 |
| Little Rock-North Little Rock-Conway, AR | 828 | $ 28,508,000 | $ 34,429 | $ 70,000 |
| Fort Smith, AR-OK | 787 | $ 28,599,000 | $ 36,339 | $ 54,897 |
| Oklahoma City, OK | 691 | $ 28,921,000 | $ 41,853 | $ 72,000 |
| Joplin, MO | 324 | $ 14,360,000 | $ 44,320 | $ 64,000 |
| Lawton, OK | 218 | $ 8,705,000 | $ 39,931 | $ 67,000 |
| Hot Springs, AR | 98 | $ 3,499,000 | $ 35,704 | $ 54,000 |
| Springfield, MO | 9 | $ 739,000 | $ 82,111 | $ 51,000 |
| Kansas City, MO-KS | 5 | $ 197,000 | $ 39,400 | $ 99,600 |
| Austin-Round Rock, TX | 4 | $ 145,000 | $ 36,250 | $ 123,000 |
| Fort Worth-Arlington, TX | 4 | $ 152,000 | $ 38,000 | $ 78,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,614,000 | $ 403,500 | $ 0 |
| Pine Bluff, AR | 4 | $ 203,000 | $ 50,750 | $ 50,000 |
| Chicago-Naperville-Joliet, IL | 3 | $ 193,000 | $ 64,333 | $ 36,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 68,000 | $ 22,666 | $ 36,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 3 | $ 213,000 | $ 71,000 | $ 18,000 |
| Warren-Troy-Farmington Hills, MI | 3 | $ 88,000 | $ 29,333 | $ 109,000 |
| Wichita, KS | 3 | $ 171,000 | $ 57,000 | $ 113,000 |
| Atlanta-Sandy Springs-Marietta, GA | 2 | $ 114,000 | $ 57,000 | $ 72,000 |
| Bloomington-Normal, IL | 2 | $ 65,000 | $ 32,500 | $ 13,000 |
| Dallas-Plano-Irving, TX | 2 | $ 300,000 | $ 150,000 | $ 90,000 |
| Des Moines-West Des Moines, IA | 2 | $ 206,000 | $ 103,000 | $ 17,000 |
| Gary, IN | 2 | $ 136,000 | $ 68,000 | $ 23,000 |
| Jonesboro, AR | 2 | $ 40,000 | $ 20,000 | $ 79,000 |
| St. Louis, MO-IL | 2 | $ 59,000 | $ 29,500 | $ 38,000 |
| Ann Arbor, MI | 1 | $ 198,000 | $ 198,000 | $ 145,000 |
| Baltimore-Towson, MD | 1 | $ 20,000 | $ 20,000 | $ 100,000 |
| Baton Rouge, LA | 1 | $ 22,000 | $ 22,000 | $ 66,000 |
| Billings, MT | 1 | $ 96,000 | $ 96,000 | $ 155,000 |
| Birmingham-Hoover, AL | 1 | $ 50,000 | $ 50,000 | $ 0 |
| Bowling Green, KY | 1 | $ 25,000 | $ 25,000 | $ 37,000 |
| Brownsville-Harlingen, TX | 1 | $ 7,000 | $ 7,000 | $ 23,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 10,000 | $ 10,000 | $ 46,000 |
| Columbus, OH | 1 | $ 33,000 | $ 33,000 | $ 70,000 |
| Denver-Aurora, CO | 1 | $ 29,000 | $ 29,000 | $ 52,000 |
| Fond Du Lac, WI | 1 | $ 25,000 | $ 25,000 | $ 93,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 650,000 | $ 650,000 | $ 261,000 |
| Houston-Sugar Land-Baytown, TX | 1 | $ 29,000 | $ 29,000 | $ 0 |
| Jackson, MS | 1 | $ 115,000 | $ 115,000 | $ 186,000 |
| Lafayette, LA | 1 | $ 36,000 | $ 36,000 | $ 70,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 20,000 | $ 20,000 | $ 0 |
| Lincoln, NE | 1 | $ 100,000 | $ 100,000 | $ 50,000 |
| Memphis, TN-MS-AR | 1 | $ 88,000 | $ 88,000 | $ 100,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 10,000 | $ 10,000 | $ 119,000 |
| Orlando-Kissimmee, FL | 1 | $ 135,000 | $ 135,000 | $ 69,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 13,000 | $ 13,000 | $ 18,000 |
| Philadelphia, PA | 1 | $ 22,000 | $ 22,000 | $ 50,000 |
| Raleigh-Cary, NC | 1 | $ 20,000 | $ 20,000 | $ 79,000 |
| Salinas, CA | 1 | $ 2,492,000 | $ 2,492,000 | $ 477,000 |
| San Diego-Carlsbad-San Marcos, CA | 1 | $ 50,000 | $ 50,000 | $ 18,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 20,000 | $ 20,000 | $ 7,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 610,000 | $ 610,000 | $ 500,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 550,000 | $ 550,000 | $ 0 |
| Seattle-Bellevue-Everett, WA | 1 | $ 78,000 | $ 78,000 | $ 130,000 |
| Topeka, KS | 1 | $ 36,000 | $ 36,000 | $ 91,000 |
| Tyler, TX | 1 | $ 36,000 | $ 36,000 | $ 162,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 37,000 | $ 37,000 | $ 70,000 |
| Warner Robins, GA | 1 | $ 38,000 | $ 38,000 | $ 137,000 |
| Wausau, WI | 1 | $ 54,000 | $ 54,000 | $ 67,000 |
Mortgage Loan Application Detail Totals for Arvest Bank Group in 2007
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Improvement | 5,830 | $188,971,000 | $32,000 | $700,000 | $74,000 | $9,999,000 |
| Refinancing | 3,208 | $199,734,000 | $62,000 | $2,492,000 | $87,000 | $4,440,000 |
| Home Purchase | 1,304 | $94,898,000 | $72,000 | $2,000,000 | $52,000 | $2,122,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 8,188 | $361,340,000 | $44,000 | $2,225,000 | $77,000 | $1,951,000 |
| Not Provided | 994 | $53,338,000 | $53,000 | $2,492,000 | $75,000 | $9,999,000 |
| Not applicable | 396 | $47,036,000 | $118,000 | $2,000,000 | $70,000 | $4,440,000 |
| Hispanic | 300 | $7,937,000 | $26,000 | $235,000 | $47,000 | $240,000 |
| Black or African American | 226 | $5,386,000 | $23,000 | $500,000 | $57,000 | $1,234,000 |
| American Indian or Alaskan Native | 152 | $4,743,000 | $31,000 | $490,000 | $70,000 | $2,122,000 |
| Asian | 81 | $3,592,000 | $44,000 | $613,000 | $74,000 | $420,000 |
| Native Hawaiian or Other Pacific Islander | 5 | $231,000 | $46,000 | $66,000 | $87,000 | $179,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 10,341 | $483,601,000 | $46,000 | $2,492,000 | $75,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 1 | $2,000 | $2,000 | $2,000 | $19,000 | $19,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
| VA-guaranteed (Veterans Administration) | 0 | $0 | $0 | $0 | $0 | $0 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 7,782 | $402,000,000 | $51,000 | $2,492,000 | $81,000 | $9,999,000 |
| Application Denied By Financial Institution | 1,453 | $33,919,000 | $23,000 | $829,000 | $41,000 | $463,000 |
| Application Withdrawn By Applicant | 1,107 | $47,684,000 | $43,000 | $1,000,000 | $77,000 | $2,122,000 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Loan Purchased By The Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Arvest Bank Group's 2007 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Arvest Bank Group's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
For a list of all lenders in Oklahoma, download the full spreadsheet
with aggregated HMDA statistics today.
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