OceanFirst Bank · Michigan · 2025

OceanFirst Bank in Michigan: approval rate, denial rate and rates (2025)

OceanFirst Bank took 13 mortgage applications in Michigan in 2025, ranking #490 of 973 lenders active in the state. It originated 76.9% of them and denied 7.7% (7.7% of the applications it decided), against a statewide denial rate of 18.5%.

13Applicationsin MI
7.7%Decision denial ratestate 22.6%
6.44%Median ratestate 6.75%
$185,000Median loanstate $155,000
$2.6MVolume8 counties

OceanFirst Bank in Michigan vs the state

7.7%Denial rate-10.83 pts vs state
7.7%Decision denial rate-14.89 pts vs state
76.9%Origination rate+17.03 pts vs state
6.44%Median rate-0.31 pts vs state
-0.08Rate spread (pts)-0.48 pts vs state
$112kMedian applicant income
10Loans originated
1Denied

Trend in Michigan

YearApplicationsOriginatedDenial rateMedian rateRank in state
202417140.0%6.38%#444
202513107.7%6.44%#490

What OceanFirst Bank lends in Michigan

By loan purpose

Home purchase 8 62% · 12.5% denied
Refinance 3 23% · 0.0% denied
Cash-out refinance 2 15% · 0.0% denied

By loan type

Conventional 13 100% · 7.7% denied

Why it denied Michigan applicants

Other 1 100%

Where in Michigan

Counties with the most OceanFirst Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Oakland County 320 0.0%
Saginaw County 220 0.0%
Grand Traverse County 220 0.0%
Sanilac County 210 0.0%
Wayne County 110 0.0%
Clinton County 110 0.0%
Genesee County 110 0.0%
Ingham County 101 100.0%

Other large lenders in Michigan

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 30,64416.3%6.75%
United Shore Financial ServicesB 29,33011.7%6.60%
The Huntington National BankD 20,04730.0%7.49%
Lake Michigan Credit UnionA 16,6625.6%6.75%
Fifth Third BankD 11,17626.4%7.50%
21st MortgageF 7,42453.4%11.04%
Citizens BankC 6,59229.0%7.65%
Triad Financial ServicesD 6,42656.1%8.49%
Union Home MortgageB 5,3034.3%6.75%
PNC BankD 5,16126.3%7.36%

Frequently asked questions

Michigan: 13 applications in 2025, of which 10 were originated and 1 denied.

7.7% of all applications, or 7.7% of the applications it actually decided on. The Michigan statewide average across all lenders was 18.5%.

The median rate on loans OceanFirst Bank originated in Michigan in 2025 was 6.44%, against a statewide median of 6.75%.

About this data. Figures are OceanFirst Bank's own HMDA filing for properties located in Michigan, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology