Lender profile · HMDA 2023–2025
Sovereign Bank mortgage approval rates & lending data
Sovereign Bank decided 1,123 mortgage applications and funded 1,023 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval 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 |
| Texas | 100% | $255K | 10 | 9 |
| Florida | 100% | $305K | 8 | 7 |
| Kansas | 100% | $115K | 2 | 1 |
| Ohio | 100% | $25K | 2 | 2 |
| South Carolina | 100% | $255K | 2 | 2 |
| California | 100% | $535K | 1 | 1 |
| Indiana | 100% | $185K | 1 | 1 |
| Iowa | 100% | $1.79M | 1 | 1 |
| Maine | 100% | $445K | 1 | 1 |
| Missouri | 100% | $255K | 1 | 1 |
| Nebraska | 100% | $365K | 1 | 1 |
| New York | 100% | $855K | 1 | 1 |
| North Carolina | 100% | $85K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.