Vast Bank Mortgage Rates, Fees & Info
Tulsa, OKLEI: 549300SEW263WB5KWU64
Tax ID: 73-1139790
Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Review & Overview
Vast Bank is a smaller bank specializing in Refi and Home Purchase loans. Vast Bank has a high proportion of conventional loans. Their top markets by origination volume include: Tulsa, Jackson, Crestview, Oklahoma City, and Kansas City among others. We have data for 10 markets. (Some data included below & more in-depth data is available with an active subscription.)Vast Bank has an above average approval rate when compared to the average across all lenders. They have an above average pick rate when compared to similar lenders.
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Originations
74Origination Dollar Volume (All Markets)
$46,130,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| TULSA, OK (FHA|USDA|VA) | 61 | $32,575,000 | $534,016 | $0 | 0.00% |
| Jackson, WY-ID (FHA|USDA|VA) | 1 | $5,005,000 | $5,005,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $3,785,000 | $3,785,000 | $0 | 0.00% |
| OKLAHOMA CITY, OK (FHA|USDA|VA) | 1 | $1,285,000 | $1,285,000 | $0 | 0.00% |
| Outside of Metro Areas | 4 | $1,000,000 | $250,000 | $0 | 0.00% |
| KANSAS CITY, MO-KS (FHA|USDA|VA) | 2 | $900,000 | $450,000 | $0 | 0.00% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 1 | $805,000 | $805,000 | $0 | 0.00% |
| Stillwater, OK (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $0 | 0.00% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 74 | $46,130,000 | $623,378 | $0 | 0.00% |
For 2022, Vast Bank's most frequently originated type of loan was Conventional, with 74 originations.
Loan Reason
For 2022, Vast Bank's most frequently cited loan purpose was Refi, with 38 originations. The 2nd most popular reason was Home Purchase, with 32 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 74 | $46,130,000 | $623,378 | $0 | 0.00% |
For 2022, Vast Bank's most frequently cited loan duration was Other, with 74 originations.
Loan Sizing
2022 saw Vast Bank place emphasis on $100k-200k loans with 18 originations, totaling $2,490,000 in origination value.
Applicant Income
Vast Bank lent most frequently to those with incomes in the $250k+ range, with 23 originations. The second most popular income band? $150k-250k, with 13 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 74 | $46,130,000 | $623,378 | $0 | 0.00% |
Vast Bank lent most frequently to those with DTI ratios of Exempt%, with 74 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.12%
Vast Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination94.59%
Vast Bank has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 74 | $46,130,000 | $623,378 |