Sovereign Bank mortgage approval rate & lending review
Sovereign Bank decided 1,123 mortgage applications and funded 1,023 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Sovereign Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Sovereign Bank at a glance
Approval is 12.8 points above the 84.8% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 97% | 680 / 700 | 90% | $255K | 615 |
| Refinance | 98% | 64 / 65 | 98% | $215K | 63 |
| Investment property purchase | 99% | 201 / 203 | 98% | $175K | 196 |
| Investment refinance | 100% | 100 / 100 | 100% | $135K | 100 |
Sovereign Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Oklahoma | 98% | $255K | 1,091 | 994 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Sovereign Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Oklahoma County, OK | Mortgage lenders | 97% | 301 | 261 |
| Canadian County, OK | Mortgage lenders | 96% | 142 | 125 |
| Cleveland County, OK | Mortgage lenders | 97% | 133 | 119 |
| Oklahoma County, OK | Investment property purchase | 100% | 88 | 85 |
| Comanche County, OK | Mortgage lenders | 98% | 88 | 79 |
| Oklahoma County, OK | Investment refinance | 100% | 67 | 67 |
| Comanche County, OK | Investment property purchase | 98% | 65 | 63 |
| Oklahoma County, OK | Refinance | 98% | 45 | 44 |
| Canadian County, OK | Investment property purchase | 100% | 22 | 21 |
The county markets where Sovereign Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Sovereign Bank
What is Sovereign Bank's mortgage approval rate?
Sovereign Bank approved 97.6% of the 1,123 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 12.8 points above the 84.8% national rate for the same mix of loan types.
How often do borrowers take the loan Sovereign Bank offers?
Borrowers accepted 93% of the loans Sovereign Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Sovereign Bank make?
The typical home purchase mortgage loan Sovereign Bank made was $255K; across all loan types its typical loan ran from $135K to $255K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Sovereign Bank lend?
Sovereign Bank decided applications in 14 of the states Fat Boy Data covers, most of them in Oklahoma, Texas and Florida.
Can I apply to Sovereign Bank directly?
Yes. Sovereign Bank is a bank or credit union with 9 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Sovereign Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Sovereign Bank treats applications, then get a rate quote from the lender.