PlainLender

OAKSTAR BANK

SPRINGFIELD, MO

OAKSTAR BANK processed 1,309 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,074 loans with a 4.9% denial rate. Home Purchase was the primary loan purpose. Based in SPRINGFIELD, MO. The approval rate of 82.0% 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. OAKSTAR BANK processed 1,309 HMDA-reported mortgage applications in 2024, originating 1,074 loans and denying 64 for a denial rate of 4.9% (applicants themselves withdrew 129 files before a decision). The average loan amount was $259,484 at a 7.449% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI 549300ZX4OGRPOOEH505 from SPRINGFIELD, MO.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. OAKSTAR BANK's 82.0% origination rate tells you how often an application turned into funded money; the 4.9% 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 (1,265 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.

1,309
Applications
1,074
Originated
4.9%
Denial Rate
$259,484
Avg Loan Amount
Avg Interest Rate: 7.449% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 1,265 1,044 58 $259,522
FHA 20 13 3 $224,500
VA 16 11 1 $338,750
USDA 8 6 2 $182,500

Top loan types — OAKSTAR BANK

Top loan types — OAKSTAR BANK Horizontal bar chart of the top 4 items by value (applications). Top loan types — OAKSTAR BANK Top 4 1. Conventional 1,265 2. FHA 20 3. VA 16 4. USDA 8 Top 5 loan types by application volume at OAKSTAR BANK (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for OAKSTAR BANK (LEI: 549300ZX4OGRPOOEH505) · 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

Credit history
35
Debt-to-income ratio
30
Other
13
Collateral
6
Unverifiable information
2
Employment history
2
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 756 629 $312,963
Home Improvement 188 157 $102,181
Refinancing 166 142 $277,470
Other 147 104 $162,211
Cash-out Refinancing 52 42 $268,269

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 1,054 81.6% 5.3%
Black or African American 50 80.0% 2.0%
Joint 19 89.5% 0.0%
Asian 12 75.0% 0.0%
American Indian or Alaska Native 8 100.0% 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 1,084 81.8% 5.1%
Joint 23 87.0% 0.0%
Hispanic or Latino 22 72.7% 18.2%

Nearby Lenders in MO

Other HMDA-reporting lenders in MO with similar activity. Compare any two side-by-side.

Mortgage Research Center

Columbia, MO

147,700 apps 73,759 originated 15.9% denied

NBKC BANK

KANSAS CITY, MO

18,437 apps 7,830 originated 6.9% denied

FLAT BRANCH MORTGAGE, INC.

COLUMBIA, MO

17,606 apps 13,902 originated 1.5% denied

DAS ACQUISITION COMPANY, LLC

SAINT LOUIS, MO

12,120 apps 7,831 originated 2.1% denied

THE CENTRAL TRUST BANK

JEFFERSON CITY, MO

11,306 apps 7,513 originated 8.9% denied
Compare OAKSTAR BANK vs Mortgage Research Center →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

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Frequently Asked Questions

How many mortgage applications did OAKSTAR BANK process?
OAKSTAR BANK processed 1,309 mortgage applications in the 2023 HMDA reporting year. Of these, 1,074 were originated (approved and funded), 129 were withdrawn by the applicant, and 64 were denied.
What is OAKSTAR BANK's mortgage approval rate?
OAKSTAR BANK has an approval (origination) rate of 82.0%, meaning 82.0% of all applications resulted in a funded mortgage. The denial rate is 4.9%.
What is the average loan amount at OAKSTAR BANK?
The average mortgage loan amount at OAKSTAR BANK is $259,484. The average interest rate is 7.449%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at OAKSTAR BANK?
The most common reasons for mortgage denial at OAKSTAR BANK are: Credit history, Debt-to-income ratio, Other. In total, 64 applications were denied out of 1,309 total applications.
What types of mortgage loans does OAKSTAR BANK offer?
OAKSTAR BANK processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 1,265 applications and an average loan amount of $259,522.
What loan purposes does OAKSTAR BANK serve?
OAKSTAR BANK serves the following loan purposes: Home Purchase (756 applications), Home Improvement (188 applications), Refinancing (166 applications), Other (147 applications), Cash-out Refinancing (52 applications). Home Purchase is the most common purpose.
Where is OAKSTAR BANK located?
OAKSTAR BANK is headquartered in SPRINGFIELD, MO. The lender is identified by LEI 549300ZX4OGRPOOEH505 in HMDA data.
How does OAKSTAR BANK compare in lending across racial demographics?
OAKSTAR BANK reports demographic lending data under HMDA requirements. White applicants have an approval rate of 81.6% and denial rate of 5.3%; Black or African American applicants have an approval rate of 80.0% and denial rate of 2.0%; Joint applicants have an approval rate of 89.5% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

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.