# Sovereign Bank

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


Sovereign Bank is a bank, headquartered in Shawnee, OK, serving borrowers across 6 states, with 350 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 54% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 27% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300CKJ4DTUYAZXI11
- **Headquarters:** Shawnee, OK
- **Geographic Reach:** Multi-Region
- **States Served:** 6
- **State List:** FL, MO, OH, OK, TX, WI
- **Markets (MSAs):** 3
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 99.8%
- **Brokered/Wholesale:** 0.2%

## Safe Rate Ratings

### Pricing: Sound ☺️
- Score: 46/100
- Rating: ●●●○○ (3/5)

### Pull Through: Strong 😀
- Score: 73/100
- Rating: ●●●●○ (4/5)

### Pricing Details
- **Average Rate Spread:** +0.339%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,975
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 350
- **Dollar Volume:** $96 million
- **Applications Received:** 405
- **Market Share:** 1.00%

## Typical Borrower Profile

- **Average Loan Amount:** $273,829
- **Average Borrower Income:** $141,169
- **Average Property Value:** $348,943

## Safe Rate Awards 🏆

- ⭐ **FHA Gold Superstar** (70%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 60/100 | 195 | +0.239% | $2,038 | Sound ☺️ |
| FHA | 71/100 | 103 | +0.783% | $1,663 | Strong 😀 |
| VA | 69/100 | 48 | -0.250% | $2,397 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 173 loans, Score: 60/100 (Sound)
- Refinance: 22 loans, Score: 39/100 (Acceptable)

**FHA:**
- Purchase: 101 loans, Score: 71/100 (Strong)

**VA:**
- Purchase: 47 loans, Score: 69/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 64/100 | 323 | $87M | +0.361% | Strong 😀 |
| Refinance | 40/100 | 27 | $8M | +0.069% | Acceptable 🙂 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| OK | 341 | 0.83% | 83/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Oklahoma City, OK | OK | 228 | 86/100 |
| Non |  | 57 | 47/100 |
| Lawton, OK | OK | 50 | 82/100 |

## Where This Lender Ranks

Sovereign Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in Lawton, OK Banks
  - [View Full Rankings](https://saferate.com/lawton-ok/best-mortgage-lenders/banks)
- 🥈 **#2** in Lawton, OK
  - [View Full Rankings](https://saferate.com/lawton-ok/best-mortgage-lenders)
- 🥈 **#2** in Lawton, OK for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/lawton-ok/best-mortgage-lenders/banks/conventional-loans)
- 🥈 **#2** in Lawton, OK for FHA Loans
  - [View Full Rankings](https://saferate.com/lawton-ok/best-mortgage-lenders/fha-loans)
- 🥈 **#2** in Lawton, OK for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lawton-ok/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#4** in Oklahoma City, OK Banks
  - [View Full Rankings](https://saferate.com/oklahoma-city-ok/best-mortgage-lenders/banks)
- 🏆 **#4** in Lawton, OK for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/lawton-ok/best-mortgage-lenders/banks/va-loans)
- 🏆 **#6** in Oklahoma City, OK for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/oklahoma-city-ok/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#6** in Lawton, OK for Conventional Loans
  - [View Full Rankings](https://saferate.com/lawton-ok/best-mortgage-lenders/conventional-loans)
- 🏆 **#6** in Lawton, OK for VA Loans
  - [View Full Rankings](https://saferate.com/lawton-ok/best-mortgage-lenders/va-loans)
- 🏆 **#7** in Oklahoma Banks
  - [View Full Rankings](https://saferate.com/oklahoma/best-mortgage-lenders/banks)
- 🏆 **#7** in Oklahoma for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/oklahoma/best-mortgage-lenders/banks/fha-loans)
- 🏆 **#8** in Oklahoma City, OK for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/oklahoma-city-ok/best-mortgage-lenders/banks/va-loans)
- 🏆 **#9** in Oklahoma City, OK
  - [View Full Rankings](https://saferate.com/oklahoma-city-ok/best-mortgage-lenders)
- 🏆 **#11** in Oklahoma for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/oklahoma/best-mortgage-lenders/banks/va-loans)
- 🏆 **#12** in Oklahoma City, OK for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/oklahoma-city-ok/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#13** in Oklahoma
  - [View Full Rankings](https://saferate.com/oklahoma/best-mortgage-lenders)
- 🏆 **#13** in Oklahoma City, OK for FHA Loans
  - [View Full Rankings](https://saferate.com/oklahoma-city-ok/best-mortgage-lenders/fha-loans)
- 🏆 **#14** in Oklahoma for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/oklahoma/best-mortgage-lenders/banks/conventional-loans)
- 🏆 **#14** in Oklahoma for FHA Loans
  - [View Full Rankings](https://saferate.com/oklahoma/best-mortgage-lenders/fha-loans)

## Frequently Asked Questions

### What loan types does Sovereign Bank offer?

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

### Where does Sovereign Bank offer mortgages?

Sovereign Bank offers mortgages in 6 states: FL, MO, OH, OK, TX, WI.

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

Sovereign Bank has a pricing score of 46/100 (Sound), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.339% above market average.

### What type of lender is Sovereign Bank?

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

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

Sovereign Bank has a pull-through score of 73/100 (Strong). 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/sovereign-bank

### How to Cite

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

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