Name of the lender

Sovereign BankMortgage rates, total loan costs and denial rate, 2025

HMDA year2025

Years filed2018 to 2025

Head office: Shawnee, OK
Reporting agency: Federal Reserve System (FRS)
Legal Entity Identifier (LEI)
Earlier names on its filings: First National Bank and Trust Company

Figures by state (CSV)

Sovereign Bank reported 538 mortgage applications in the HMDA data of 2025.

It originated 485 loans in 2025, for $126 million in total.

The median interest rate of its loans in 2025 was 6.625%, and the national median was 6.375%.

The median total loan costs of its loans in 2025 were $5,327, and the national median was $6,413.

It denied 1.9% of the applications that it decided in 2025, and the national denial rate was 22.6%.

Filed figures of Sovereign Bank, 2025
Figure	This lender	United States
Applications	538Under 0.1% of the US total	11,766,671
Loans originated	485$126 million	6,827,891
Median interest rate	6.625%	6.375%
Median total loan costs	$5,327	$6,413
Denial rate	1.9%	22.6%

HMDA data are generally not used alone to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions.
The words of the Consumer Financial Protection Bureau (CFPB). Source: Consumer Financial Protection Bureau, Summary of 2023 Data on Mortgage Lending (11 July 2024), copied on 2 Oct 2026. The figures on this page are from the HMDA data of 2025, the snapshot dataset.

Since the last update

No change on record

No tracked figure of this lender has changed since this site started its record. The record compares each update of the HMDA data with the update before it. The record of updates.

PricingMedians of 2025 loans

Interest rate and total loan costs of Sovereign Bank by loan type, 2025Medians. Each value has the national median of the same loan type under it.
Loan type	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
All loans	305	6.625%US 6.375%	$5,327US $6,413	0.251US 0.161
Conventional	193	6.750%US 6.500%	$4,580US $5,393	0.258US 0.175
FHA-insured	74	6.375%US 6.250%	$9,041US $11,084	0.461US 0.432
VA-guaranteed	37	6.250%US 6.000%	$6,129US $6,088	−0.278US −0.422

Interest rate and total loan costs of Sovereign Bank by loan purpose, 2025Medians, with the national median under each value.
Loan purpose	Loans in the medians	Interest rate	Total loan costs	Rate spread, points
Home purchase	253	6.625%US 6.500%	$5,690US $6,632	0.258US 0.169
Refinancing	31	6.625%US 5.999%	$4,498US $4,883	0.149US −0.069
Cash-out refinancing	21	6.750%US 6.500%	$4,638US $8,095	n/aUS 0.376

Parts of the total loan costs of Sovereign Bank by loan type, 2025Medians, with the national median under each value.
Loan type	Origination charges	Discount points, of the loans with points	Lender credits, of the loans with credits
All loans	$1,595US $2,062	$2,209US $2,823	$1,000US $567
Conventional	$1,595US $1,981	$1,989US $2,588	$700US $604
FHA-insured	$2,090US $2,831	$2,226US $3,270	$1,000US $567
VA-guaranteed	$1,943US $1,729	$2,712US $3,300	$1,501US $472

The median rate spread of these loans was 0.251 percentage points above the average prime offer rate (APOR). On a loan of $300,000, that is about $753 more a year, or $63 more a month. The national median spread was 0.161 points.

The dollar amount is a simple interest approximation: the rate spread times the full loan amount for one year. The balance of a loan decreases with each payment, and an APR includes some fees, so the amount for a real loan is different. What a rate spread is.

Median interest rate by year: Sovereign Bank and the United States

Sovereign BankUnited States

Action takenHMDA codes and labels

Records of Sovereign Bank by the action taken, 2025
Action taken	Records	Share of records	US share
1Loan originated	485	90.1%	50.4%
2Application approved but not accepted	27	5.0%	3.1%
3Application denied	10	1.9%	15.6%
4Application withdrawn by applicant	16	3.0%	12.6%
5File closed for incompleteness	0	0.0%	5.1%
6Purchased loan	0	0.0%	11.7%
7Preapproval request denied	0	0.0%	0.4%
8Preapproval request approved but not accepted	0	0.0%	1.1%

The denial rate is code 3 divided by codes 1, 2 and 3: the applications that the lender decided. Codes 4 and 5 are applications with no decision. Code 6 is a loan that the lender bought.

Denial reasonsFirst reason coded

The lender has fewer than 25 denials in 2025, so this page shows no reasons.

Loan types and purposesLoans of 2025

Applications of Sovereign Bank by loan type
Loan type	Applications	Loans originated	Denial rate
Conventional	403	373	1.5%US 23.4%
FHA-insured	92	74	4.7%US 21.8%
VA-guaranteed	42	37	0.0%US 16.2%
USDA Rural Housing Service or Farm Service Agency guaranteed	1	1	n/aUS 12.9%

Applications of Sovereign Bank by loan purpose
Loan purpose	Applications	Loans originated	Share of loans
Home purchase	379	339	69.9%
Home improvement	16	16	3.3%
Refinancing	114	107	22.1%
Cash-out refinancing	27	21	4.3%
Other purpose	2	2	0.4%

The denial rate of a loan type is the denied applications divided by the decided applications of that type. It is "n/a" under 25 decided applications.

States where it lends1 state with 25 applications or more

Sovereign Bank by state, 2025In order of the names. A state with 100 applications or more links to the lender's page for the state.
State	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate
Oklahoma	515	467	6.625%	$5,338	1.8%

Counties of Sovereign Bank with 50 applications or more, 2025In order of the names. The list has the 4 counties with the most loans of the lender.
County	Applications	Loans originated	Amount	Denial rate
Canadian County, OK	66	62	$15.6 million	0.0%
Cleveland County, OK	50	46	$12.0 million	4.2%
Comanche County, OK	68	65	$11.5 million	1.5%
Oklahoma County, OK	175	156	$44.9 million	2.9%

Figures by yearHMDA 2022 to 2025

Sovereign Bank by HMDA year"n/a" shows a year with fewer than 25 applications, or a year that this site does not process.
Year	Applications	Loans originated	Median interest rate	Median total loan costs	Denial rate	Records filed
2025	538	485	6.625%	$5,327	1.9%	538
2024	591	525	6.688%	$6,138	2.7%	591
2023	512	443	6.875%	$5,388	3.4%	513
2022	n/a	n/a	n/a	n/a	n/a	n/a
2019	n/a	n/a	n/a	n/a	n/a	74
2018	n/a	n/a	n/a	n/a	n/a	83

Records filed is the count on the lender's HMDA transmittal sheet. It includes purchased loans and requests for preapproval.

Denial rate by year: Sovereign Bank and the United States

Sovereign BankUnited States

VA lender statisticsLoans that VA guaranteed, by month

VA-guaranteed loans of SOVEREIGN BANK, Sep 2025 to Aug 2026National figures from the Department of Veterans Affairs. VA counts a loan in the month of the guarantee.
Month	All	Purchase	Cash-out refinance	IRRRL
August 2026	4	4	0	0
July 2026	3	3	0	0
June 2026	0	0	0	0
May 2026	1	1	0	0
April 2026	3	3	0	0
March 2026	3	1	0	2
February 2026	1	0	1	0
January 2026	1	1	0	0
December 2025	1	1	0	0
November 2025	2	2	0	0
October 2025	4	3	0	1
September 2025	3	3	0	0

IRRRL is the VA Interest Rate Reduction Refinance Loan. The VA name of the lender is "SOVEREIGN BANK". Every month.

Peer lenders12 lenders

These lenders originated a count of loans close to the count of this lender, in the same states. The site compares the applications of each lender by state. The list is not a ranking.

American Bank of OklahomaCollinsville, OK
Communication Federal Credit UnionOklahoma City, OK
F&M BankOklahoma City, OK
Financial Concpepts MortgageEdmond, OK
Firstar BankRoland, OK
InterbankOklahoma City, OK
RCB BankClaremore, OK
Regent BankTulsa, OK
Truity Federal Credit UnionBartlesville, OK
Valor BankEdmond, OK
WEOKIE Federal Credit UnionOklahoma City, OK
Westreet Federal Credit UnionTulsa, OK

Official channelsLinks checked 2 Oct 2026

HMDA Data Browser (FFIEC and CFPB)The HMDA records of this lender, with a CSV download.
Submit a complaint (Consumer Financial Protection Bureau)The CFPB form for a complaint about a mortgage or a lender.
BankFind Suite (Federal Deposit Insurance Corporation)The FDIC search for an insured bank: its status, its offices and its regulator.

Cite this page

Page: Lender Register, "Sovereign Bank mortgage rates, costs and denial rate, 2025", https://lenderregister.com/lender/549300ckj4dtuyazxi11-sovereign-bank/
Lender: Sovereign Bank, LEI 549300CKJ4DTUYAZXI11
Source: Federal Financial Institutions Examination Council and Consumer Financial Protection Bureau, Home Mortgage Disclosure Act data, 2025, snapshot dataset
Data date: HMDA year 2025. Page made 2 Oct 2026.

Provenance

The figures come from the public HMDA loan/application register of 2022 to 2025. The count of records filed comes from the transmittal sheets of 2018 to 2025. The FFIEC and the CFPB publish them at ffiec.cfpb.gov. The name, the head office and the agency are from the newest transmittal sheet of the LEI. The VA figures are from the VA lender statistics.

This site withholds a figure with fewer than 25 applications and a median with fewer than 20 loans. Method of the figures. Terms. Report an error.

Questions

How many loans did Sovereign Bank buy from other lenders in 2025?: It reported no purchased loans. HMDA counts a purchased loan apart from the applications, so the denial rate does not include it.
In which states did Sovereign Bank originate the most loans in 2025?: It had 25 applications or more in one state only: Oklahoma, with 467 loans originated.
Which loan types did Sovereign Bank originate in 2025?: 373 conventional, 74 FHA, 37 VA and 1 USDA.
How did the applications of Sovereign Bank change from 2023 to 2025?: It reported 512 applications in 2023 and 538 in 2025.