Oaktree Funding at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 581 mid-size mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
67th6.0% deniedPricingmedian rate spread over APOR, weight 30%
3rd1.33 ptsProcesswithdrawn + incomplete share, weight 15%
86th8.6%Closing coststotal loan costs ÷ loan amount, weight 10%
13th3.59% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 2,185 | 689 | 11.0% | 13.7% | 8.75% | $318M |
| 2024 | 2,988 | 1,122 | 4.6% | 5.4% | 8.13% | $583M |
| 2025 | 2,916 | 1,327 | 5.5% | 6.0% | 7.63% | $749M |
What Oaktree Funding lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 584 home-equity lines, 1 reverse mortgages, 5 manufactured homes, 1,454 investment properties.
Why Oaktree Funding denies applications
Primary reason reported for each of the 159 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Oaktree Funding
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 31 | 3 | 43.8% |
| $50k – $100k | 145 | 48 | 13.9% |
| $100k – $150k | 251 | 102 | 6.0% |
| $150k – $250k | 395 | 169 | 5.4% |
| Over $250k | 970 | 458 | 4.1% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 23 | 8 | 18.2% |
| 25–34 | 350 | 157 | 7.8% |
| 35–44 | 769 | 371 | 3.3% |
| 45–54 | 873 | 414 | 6.6% |
| 55–64 | 533 | 228 | 7.6% |
| 65–74 | 285 | 118 | 4.5% |
| Over 74 | 83 | 31 | 8.3% |
Where Oaktree Funding lends
47 states and 502 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| California | 963 | 417 | 4.6% | 7.88% | #177 |
| Florida | 380 | 177 | 5.5% | 7.75% | #279 |
| Arizona | 221 | 126 | 4.1% | 7.38% | #169 |
| Texas | 159 | 73 | 5.0% | 7.50% | #459 |
| Washington | 87 | 45 | 4.6% | 7.75% | #249 |
| Georgia | 83 | 33 | 1.2% | 8.25% | #364 |
| New Jersey | 77 | 26 | 7.8% | 8.38% | #302 |
| Illinois | 68 | 25 | 11.8% | 7.75% | #407 |
| Maryland | 68 | 21 | 5.9% | 7.50% | #282 |
| Pennsylvania | 66 | 32 | 13.6% | 7.56% | #445 |
| Massachusetts | 63 | 26 | 15.9% | 8.06% | #298 |
| Colorado | 56 | 27 | 5.4% | 7.75% | #290 |
| Nevada | 55 | 29 | 5.5% | 7.25% | #201 |
| Tennessee | 49 | 21 | 2.0% | 7.13% | #415 |
| North Carolina | 46 | 24 | 6.5% | 7.25% | #414 |
| Virginia | 42 | 21 | 7.1% | 7.50% | #398 |
| Utah | 36 | 22 | 0.0% | 7.44% | #202 |
| Ohio | 35 | 13 | 8.6% | 7.50% | #453 |
| Oregon | 34 | 15 | 5.9% | 7.50% | #259 |
| Michigan | 30 | 10 | 16.7% | 7.25% | #390 |
| Connecticut | 29 | 13 | 10.3% | 8.00% | #263 |
| Louisiana | 29 | 20 | 0.0% | 8.88% | #293 |
| South Carolina | 26 | 15 | 0.0% | 7.50% | #415 |
| Idaho | 25 | 14 | 0.0% | 6.94% | #204 |
| Wisconsin | 23 | 11 | 4.4% | 7.38% | #406 |
| Hawaii | 17 | 11 | 5.9% | 7.00% | #140 |
| Minnesota | 16 | 5 | 18.8% | 7.88% | #414 |
| New York | 16 | 3 | 6.3% | 7.63% | #425 |
| Indiana | 15 | 8 | 6.7% | 7.19% | #499 |
| Alabama | 13 | 5 | 0.0% | 7.63% | #447 |
| Maine | 12 | 5 | 0.0% | 8.13% | #207 |
| Delaware | 9 | 7 | 0.0% | 8.00% | #247 |
| Rhode Island | 9 | 5 | 0.0% | 8.38% | #197 |
| Kansas | 8 | 4 | 0.0% | 7.56% | #374 |
| New Hampshire | 8 | 2 | 0.0% | 13.63% | #288 |
| Oklahoma | 8 | 4 | 12.5% | 7.13% | #427 |
| Arkansas | 7 | 0 | 0.0% | — | #364 |
| District of Columbia | 5 | 3 | 0.0% | 7.00% | #246 |
Frequently asked questions
Oaktree Funding denied 6.0% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 67th percentile of mid-size mortgage lenders.
The most common reason Oaktree Funding gave in 2025 was "debt-to-income ratio", cited on 29.6% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Oaktree Funding originated in 2025 was 7.63%, and its median rate spread over the average prime offer rate was 1.33 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 31% of its applications were for home purchases, 69% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 99% conventional, 1% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.