Armstrong Bank
Muskogee, OK
Armstrong Bank processed 990 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 708 loans with a 7.4% denial rate. Home Purchase was the primary loan purpose. Based in Muskogee, OK. The approval rate of 71.5% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.
Portfolio scale. Armstrong Bank processed 990 HMDA-reported mortgage applications in 2024, originating 708 loans and denying 73 for a denial rate of 7.4% (applicants themselves withdrew 106 files before a decision). The average loan amount was $201,970 at a 8.160% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300O2D8BPO6PJRB90 from Muskogee, OK.
Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Armstrong Bank's 71.5% origination rate tells you how often an application turned into funded money; the 7.4% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Credit history, Debt-to-income ratio, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (990 applications).
How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.
Lending Activity
| Type | Applications | Originated | Denied | Avg Loan |
|---|---|---|---|---|
| Conventional | 990 | 708 | 73 | $201,970 |
Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for Armstrong Bank (LEI: 549300O2D8BPO6PJRB90) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.
Denial Analysis
Loan Purpose Breakdown
| Purpose | Applications | Originated | Avg Loan |
|---|---|---|---|
| Home Purchase | 384 | 293 | $327,109 |
| Home Improvement | 280 | 186 | $101,750 |
| Refinancing | 170 | 120 | $197,000 |
| Other | 156 | 109 | $79,231 |
Geographic Coverage — Lending by Race
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 625 | 69.1% | 9.4% |
| American Indian or Alaska Native | 58 | 67.2% | 10.3% |
| Joint | 57 | 77.2% | 5.3% |
| Black or African American | 25 | 56.0% | 8.0% |
| Asian | 15 | 60.0% | 6.7% |
| Native Hawaiian or Other Pacific Islander | 1 | 100.0% | 0.0% |
Lending by Ethnicity
Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.
| Ethnicity | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| Not Hispanic or Latino | 709 | 68.4% | 9.2% |
| Hispanic or Latino | 63 | 76.2% | 6.3% |
| Joint | 9 | 66.7% | 22.2% |
Nearby Lenders in OK
Other HMDA-reporting lenders in OK with similar activity. Compare any two side-by-side.
ARVEST BANK
TULSA, OK
MidFirst Bank
Oklahoma City, OK
GATEWAY FIRST BANK
JENKS, OK
FINANCE OF AMERICA REVERSE LLC
TULSA, OK
BOKF NA
TULSA, OK
Mortgage Lending Guides
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Data Sources
Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.
Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.