# Devon Bank

> **Canonical URL:** https://saferate.com/lenders/devon-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Devon Bank is a bank, headquartered in Chicago, IL, serving borrowers across 28 states, with 318 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 57% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 75% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300UV5JQXLGVWIP44
- **Headquarters:** Chicago, IL
- **Geographic Reach:** Near-National
- **States Served:** 28
- **State List:** AL, AZ, CA, CT, FL, GA, IL, IN, KS, KY, LA, MA, MI, MN, MO, NC, NE, NH, OH, OK, OR, PA, TN, TX, UT, VA, WA, WI
- **Markets (MSAs):** 4
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 43/100
- Rating: ●●●○○ (3/5)

### Pull Through: Acceptable 🙂
- Score: 25/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.276%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,041
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 318
- **Dollar Volume:** $131 million
- **Applications Received:** 556
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $412,956
- **Average Borrower Income:** $159,918
- **Average Property Value:** $527,579

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 43/100 | 317 | +0.281% | $2,039 | Sound ☺️ |

### Product Performance by Purpose

**Conventional:**
- Purchase: 298 loans, Score: 46/100 (Sound)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 45/100 | 299 | $123M | +0.289% | Sound ☺️ |
| Refinance | 26/100 | 19 | $8M | +0.083% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| IL | 86 | 0.07% | 64/100 |
| TX | 81 | 0.02% | 58/100 |
| MN | 18 | 0.03% | 47/100 |
| CA | 16 | 0.01% | 42/100 |
| WA | 14 | 0.02% | 44/100 |
| OH | 10 | 0.01% | 39/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Chicago | IL | 79 | 65/100 |
| Dallas | TX | 31 | 54/100 |
| Houston | TX | 31 | 53/100 |
| Minneapolis | MN-WI | 18 | 48/100 |

## Frequently Asked Questions

### What loan types does Devon Bank offer?

Devon Bank offers the following mortgage loan types: Conventional. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Devon Bank offer mortgages?

Devon Bank offers mortgages in 28 states: AL, AZ, CA, CT, FL, GA, IL, IN, KS, KY, LA, MA, MI, MN, MO, NC, NE, NH, OH, OK, OR, PA, TN, TX, UT, VA, WA, WI.

### How competitive are Devon Bank's mortgage rates?

Devon Bank has a pricing score of 43/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.276% above market average.

### What type of lender is Devon Bank?

Devon Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Chicago, IL.

### What is Devon Bank's loan approval success rate?

Devon Bank has a pull-through score of 25/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/devon-bank

### How to Cite

> "Devon Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/devon-bank

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