Oklahoma mortgage lending data
South region · HMDA 2023 reporting year
In Oklahoma, the 2023 mortgage denial rate was 21.3% — close to the national denial rate (+1.7 points vs the 19.6% national rate), ranking it #12 of 51. Lenders originated about 56,497 home-purchase and refinance loans (rank #27). The home-purchase denial rate was 18.6% and refinance 30.4%. By loan type, conventional loans were 72.6%, FHA 15.8%, VA 10.1% and USDA/RHS 1.5%. Informational data, not lending advice.
Source: HMDA Data Browser (FFIEC / CFPB). Data as of June 2026.
Oklahoma mortgage lending at a glance
| Indicator | Oklahoma |
|---|---|
| Total originations (purchase + refinance, 2023) | 56,497 |
| Denied applications | 15,288 |
| Mortgage denial rate | 21.3% |
| Denial-rate rank (1 = highest of 51) | #12 |
| Home-purchase denial rate | 18.6% |
| Refinance denial rate | 30.4% |
| Volume rank (1 = most loans of 51) | #27 |
Source: HMDA Data Browser (FFIEC / CFPB) (2023 reporting year). Data as of June 2026.
Source: HMDA Data Browser (2023), public domain. Denial rate = denied ÷ (originated + denied). Informational only — verify before relying on it.
What the denial rate means
Oklahoma's mortgage denial rate of 21.3% means that for every 100 applications that were either approved-and-originated or denied, about 21 were turned down. That is about average compared with the national figure of 19.6%. Denial rates are driven by applicant credit scores, debt-to-income ratios, the loan type and local home prices — not only by how strict lenders are. Refinance applications are often denied at a different rate than purchase loans: in Oklahoma the purchase denial rate was 18.6% versus 30.4% for refinances.
Oklahoma loan-type mix
How Oklahoma's 56,497 originations break down by loan program. A higher FHA or VA share usually points to more first-time buyers, lower down payments, or a large veteran population.
| Loan type | Originations | Share |
|---|---|---|
| Conventional | 48,971 | 72.6% |
| FHA | 10,676 | 15.8% |
| VA | 6,820 | 10.1% |
| USDA / RHS | 1,007 | 1.5% |
Source: HMDA Data Browser (FFIEC / CFPB) (2023). Data as of June 2026.
See FHA vs VA vs conventional for what each program is. Shares are over loans with a reported type and may not sum to exactly 100% due to rounding.
States with a similar denial rate to Oklahoma
| State | Denial rate | Originations | FHA share | VA share |
|---|---|---|---|---|
| Oklahoma (this state) | 21.3% | 56,497 | 15.8% | 10.1% |
| Georgia | 22.4% | 172,815 | 18.7% | 10.0% |
| Hawaii | 20.1% | 12,213 | 4.0% | 12.9% |
| Delaware | 20.0% | 17,361 | 15.0% | 6.3% |
| Michigan | 20.0% | 141,464 | 10.9% | 3.6% |
| North Carolina | 19.6% | 188,875 | 11.0% | 9.5% |
Frequently asked questions
What was the mortgage denial rate in Oklahoma in 2023?
In 2023, the mortgage denial rate in Oklahoma was about 21.3% — that is, 15,288 applications were denied out of 71,785 that were either originated or denied. That is +1.7 points versus the national rate of 19.6%, and ranks Oklahoma #12 of 51 from highest to lowest. Figures are from HMDA; verify before relying on them.
How many mortgages were originated in Oklahoma?
Lenders originated about 56,497 home-purchase and refinance loans in Oklahoma in 2023 (HMDA reporting year), ranking it #27 of 51 by volume. Of those, the home-purchase denial rate was 18.6% and the refinance denial rate was 30.4%.
What share of Oklahoma mortgages are FHA or VA loans?
In Oklahoma, FHA loans made up about 15.8% of originations and VA loans about 10.1%, with conventional loans the largest share at 72.6% and USDA/RHS loans 1.5%. Higher government-backed shares often reflect more first-time and lower-down-payment buyers.
Is it harder to get a mortgage in Oklahoma than elsewhere?
Oklahoma's denial rate of 21.3% is close to the national denial rate. Denial rates reflect applicant credit, income and debt, loan type and local home prices as much as lender behavior, so a higher rate does not by itself mean stricter lenders. States with the most similar denial rates to Oklahoma are Georgia, Hawaii, Delaware.
Keep exploring
Sources & accuracy
All counts are from the HMDA Data Browser (FFIEC / CFPB, 2023 reporting year, public domain). Denial rate, loan-type shares and ranks are transparent calculations over those counts (see methodology). This page is informational and is not financial or lending advice — verify with a licensed lender before making a decision.
Last updated: 2026-06-20