Sovereign Bank
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023
Sovereign Bank 2023 HMDA loan application data provides key insights into its mortgage lending trends, applicant demographics, and loan distribution.
The Home Mortgage Disclosure Act (HMDA) requires lenders to report detailed loan application data, offering transparency into lending patterns.
The data reveals trends in average loan size, applicant income, and mortgage approval rates, helping consumers and analysts understand lending accessibility.
Below, explore a breakdown of loan applications by county, metro area, loan purpose, applicant race, loan type, and more.
Whether you're an industry professional, homebuyer, or researcher,
this information provides valuable insights into mortgage lending activity.
Scroll down to view the full dataset and analyze lending trends in greater detail.
| Mortgage Company & Address | Sovereign Bank 130 E Macarthur Shawnee, OK 74804 |
| Federal Regulator | * available with data download |
| Years | 2023 |
| Total Number of Mortgage Applications | 516 |
| Total Mortgage Loan Application Amount | $160,520,000 |
| Average Mortgage Loan Application Amount | $269,800 |
| Highest Mortgage Loan Application Amount | $21,005,000 |
| Average Applicant Income | $162,800 |
| Highest Applicant Income | $2,735,000 |
Explore comprehensive HMDA mortgage statistics and lending trends for 2023 with Sovereign Bank. Below, you'll find key insights into this lender's mortgage activity, including total loan applications, average mortgage amounts, highest application values, and income levels of top applicants. Whether you're analyzing Sovereign Bank's lending patterns or researching mortgage trends, these statistics provide valuable transparency into their loan activity.
Our HMDA dataset for 2023 breaks down Sovereign Bank's mortgage applications by loan purpose, applicant race, loan type, approval outcomes, and reasons for denial. These insights help homebuyers, financial analysts, and industry professionals assess borrower demographics and lending practices, offering a clearer view of how Sovereign Bank serves its applicants.
Each category highlights the total number of mortgage applications processed by Sovereign Bank, total loan amounts, average mortgage values, and the highest mortgage amounts recorded. You can also review borrower income trends, including the average and highest reported applicant incomes for loans issued by this lender. Whether you're evaluating lender performance, comparing mortgage approval rates, or exploring loan options, this HMDA-backed data offers a crucial look at Sovereign Bank's mortgage activity for 2023.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Oklahoma County Oklahoma | 197 | $ 58,105,000 | $ 294,000 | $ 198,000 |
| Cleveland County Oklahoma | 70 | $ 21,440,000 | $ 306,000 | $ 138,000 |
| Canadian County Oklahoma | 54 | $ 13,950,000 | $ 258,000 | $ 135,000 |
| Comanche County Oklahoma | 43 | $ 8,345,000 | $ 194,000 | $ 99,000 |
| Pottawatomie County Oklahoma | 35 | $ 6,585,000 | $ 188,000 | $ 86,000 |
| Logan County Oklahoma | 18 | $ 6,360,000 | $ 353,000 | $ 119,000 |
| Greer County Oklahoma | 13 | $ 575,000 | $ 44,000 | $ 73,000 |
| Grady County Oklahoma | 11 | $ 2,745,000 | $ 249,000 | $ 107,000 |
| McClain County Oklahoma | 11 | $ 4,245,000 | $ 385,000 | $ 177,000 |
| Tulsa County Oklahoma | 7 | $ 2,445,000 | $ 349,000 | $ 133,000 |
| Hughes County Oklahoma | 5 | $ 675,000 | $ 135,000 | $ 183,000 |
| Wagoner County Oklahoma | 5 | $ 1,765,000 | $ 353,000 | $ 196,000 |
| Payne County Oklahoma | 4 | $ 21,610,000 | $ 5,402,000 | $ 587,000 |
| Delaware County Oklahoma | 3 | $ 745,000 | $ 248,000 | $ 138,000 |
| Kingfisher County Oklahoma | 3 | $ 1,255,000 | $ 418,000 | $ 105,000 |
| Lincoln County Oklahoma | 3 | $ 695,000 | $ 231,000 | $ 94,000 |
| Stephens County Oklahoma | 3 | $ 355,000 | $ 118,000 | $ 301,000 |
| Carter County Oklahoma | 2 | $ 400,000 | $ 200,000 | $ 152,000 |
| Creek County Oklahoma | 2 | $ 570,000 | $ 285,000 | $ 86,000 |
| Seminole County Oklahoma | 2 | $ 440,000 | $ 220,000 | $ 135,000 |
| Washington County Oklahoma | 2 | $ 290,000 | $ 145,000 | $ 63,000 |
| Washita County Oklahoma | 2 | $ 190,000 | $ 95,000 | $ 36,000 |
| Kern County California | 1 | $ 535,000 | $ 535,000 | $ 235,000 |
| Alachua County Florida | 1 | $ 315,000 | $ 315,000 | $ 0 |
| Hillsborough County Florida | 1 | $ 1,295,000 | $ 1,295,000 | $ 0 |
| Walton County Florida | 1 | $ 275,000 | $ 275,000 | $ 0 |
| Sedgwick County Kansas | 1 | $ 115,000 | $ 115,000 | $ 29,000 |
| Cascade County Montana | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Buffalo County Nebraska | 1 | $ 325,000 | $ 325,000 | $ 135,000 |
| Sarpy County Nebraska | 1 | $ 365,000 | $ 365,000 | $ 159,000 |
| New York County New York | 1 | $ 855,000 | $ 855,000 | $ 0 |
| Summit County Ohio | 1 | $ 25,000 | $ 25,000 | $ 0 |
| Beckham County Oklahoma | 1 | $ 65,000 | $ 65,000 | $ 38,000 |
| Bryan County Oklahoma | 1 | $ 275,000 | $ 275,000 | $ 73,000 |
| Cotton County Oklahoma | 1 | $ 115,000 | $ 115,000 | $ 65,000 |
| Garvin County Oklahoma | 1 | $ 205,000 | $ 205,000 | $ 78,000 |
| Jackson County Oklahoma | 1 | $ 85,000 | $ 85,000 | $ 42,000 |
| Love County Oklahoma | 1 | $ 305,000 | $ 305,000 | $ 714,000 |
| McIntosh County Oklahoma | 1 | $ 285,000 | $ 285,000 | $ 87,000 |
| Woodward County Oklahoma | 1 | $ 285,000 | $ 285,000 | $ 137,000 |
| Horry County South Carolina | 1 | $ 255,000 | $ 255,000 | $ 82,000 |
| Lubbock County Texas | 1 | $ 245,000 | $ 245,000 | $ 89,000 |
| Travis County Texas | 1 | $ 385,000 | $ 385,000 | $ 164,000 |
Mortgage Loan Application Detail Totals for Sovereign Bank in 2023
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 Purchase | 372 | $97,740,000 | $262,000 | $2,525,000 | $130,000 | $1,312,000 |
| Refinancing | 111 | $55,355,000 | $498,000 | $21,005,000 | $247,000 | $2,735,000 |
| Home Improvement | 15 | $1,635,000 | $109,000 | $705,000 | $170,000 | $945,000 |
| Cash-out Refinancing | 13 | $5,505,000 | $423,000 | $1,325,000 | $210,000 | $474,000 |
| Other Purpose | 5 | $285,000 | $57,000 | $135,000 | $57,000 | $88,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 287 | $77,305,000 | $269,000 | $2,525,000 | $154,000 | $2,735,000 |
| Not applicable | 91 | $49,275,000 | $541,000 | $21,005,000 | $0 | $0 |
| American Indian or Alaskan Native | 53 | $11,535,000 | $217,000 | $655,000 | $96,000 | $432,000 |
| Black or African American | 24 | $5,850,000 | $243,000 | $625,000 | $251,000 | $697,000 |
| Hispanic | 23 | $5,645,000 | $245,000 | $615,000 | $97,000 | $248,000 |
| Not Provided | 20 | $5,940,000 | $297,000 | $725,000 | $271,000 | $1,195,000 |
| Asian | 11 | $2,655,000 | $241,000 | $435,000 | $158,000 | $691,000 |
| Native Hawaiian or Other Pacific Islander | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 381 | $125,455,000 | $329,000 | $21,005,000 | $183,000 | $2,735,000 |
| FHA-insured (Federal Housing Administration) | 80 | $18,110,000 | $226,000 | $475,000 | $84,000 | $207,000 |
| VA-guaranteed (Veterans Administration) | 49 | $16,055,000 | $327,000 | $785,000 | $110,000 | $228,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 6 | $900,000 | $150,000 | $175,000 | $70,000 | $82,000 |
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 | 446 | $145,300,000 | $325,000 | $21,005,000 | $156,000 | $2,735,000 |
| Application Approved But Not Accepted | 38 | $8,560,000 | $225,000 | $425,000 | $166,000 | $840,000 |
| Application Denied By Financial Institution | 17 | $2,865,000 | $168,000 | $455,000 | $91,000 | $256,000 |
| Application Withdrawn By Applicant | 14 | $3,630,000 | $259,000 | $915,000 | $131,000 | $232,000 |
| Loan Purchased By The Institution | 1 | $165,000 | $165,000 | $165,000 | $0 | $0 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 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 |
|---|---|---|---|---|---|---|
| Not applicable | 499 | $157,655,000 | $315,000 | $21,005,000 | $156,000 | $2,735,000 |
| Debt-To-Income Ratio | 9 | $1,045,000 | $116,000 | $315,000 | $58,000 | $126,000 |
| Credit History | 5 | $1,065,000 | $213,000 | $455,000 | $145,000 | $256,000 |
| Unverifiable Information | 2 | $350,000 | $175,000 | $225,000 | $108,000 | $111,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $405,000 | $405,000 | $405,000 | $134,000 | $134,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Sovereign Bank's 2023 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 Sovereign Bank'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.