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Oakland County, Michigan · 2025

Mortgage lenders in Oakland County, MI: denial rates and top lenders (2025)

534 lenders acted on 51,258 mortgage applications for properties in Oakland County in 2025. 16.5% were denied (Michigan: 18.5%). Median rate on closed loans 6.75%; median loan $205,000; median property value $405,000.

51kApplications
16.5%Denial ratestate 18.5%
6.75%Median ratestate 6.75%
$205,000Median loan
$405,000Median property value

Largest lenders in Oakland County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 United Shore Financial Services B 5,8654,594 9.5%6.56%
2 Rocket Mortgage C 4,9953,915 12.2%6.75%
3 Genisys Credit Union D 2,1661,324 17.4%7.25%
4 The Huntington National Bank D 2,0131,096 29.4%7.38%
5 Citizens Bank C 1,669980 26.8%7.40%
6 Lake Michigan Credit Union A 1,3171,031 4.9%6.49%
7 JPMorgan Chase Bank B 1,124698 8.6%6.50%
8 Michigan Schools and Government C 1,105776 9.1%6.75%
9 Bank of America F 1,080536 24.7%5.99%
10 21st Mortgage F 1,024247 52.4%11.22%
11 First Merchants Bank C 879652 8.8%6.42%
12 Flagstar Bank C 863495 16.5%6.63%
13 Credit Union One D 822478 25.6%7.99%
14 Comerica Bank C 820351 37.6%5.99%
15 Dfcu Financial B 806568 10.8%6.13%
16 Fifth Third Bank D 799426 24.9%7.50%
17 PNC Bank D 774437 24.0%7.61%
18 Staunton Financial B 740632 4.2%6.50%
19 Newrez D 707252 15.8%6.88%
20 Crosscountry Mortgage B 677438 3.4%6.88%
21 Mortgage Center L.c C 533398 3.9%6.25%
22 Coastal Community Bank C 519126 1.2%10.12%
23 The Loan Store B 516361 8.9%6.99%
24 MICHIGAN STATE UNIVERSITY Federal Credit Union C 506340 18.0%7.50%
25 Union Home Mortgage B 498406 2.6%6.63%

Best approval odds in Oakland County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1Success Mortgage Partners560.0%
2The Mortgage Link900.0%
3Preston Home Loans1210.8%
4Superior National Bank2491.2%
5Ross Mortgage2081.4%
6Coastal Community Bank3811.6%
7Mortgage 13831.8%
8Gold Star Mortgage Financial Group2102.4%
9Union Home Mortgage4313.0%
10Morgan Stanley Private Bank643.1%

What Oakland County borrowers applied for

By loan purpose

Home purchase 20,941 41% · 10.7% denied
Refinance 9,332 18% · 14.6% denied
Cash-out refinance 8,412 16% · 18.7% denied
Home improvement 6,078 12% · 25.1% denied
Other / HELOC 6,495 13% · 27.2% denied

By loan type

Conventional 45,817 89% · 16.3% denied
FHA 3,760 7% · 21.5% denied
VA 1,662 3% · 11.1% denied
USDA / RHS 19 0% · 5.3% denied

Why applications were denied

Debt-to-income ratio 3,028 36%
Credit history 2,047 24%
Collateral 1,153 14%
Incomplete application 1,078 13%
Other 639 8%
Unverifiable information 234 3%
Insufficient cash 186 2%
Employment history 58 1%
Mortgage insurance denied 2 0%

Oakland County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202341,55424,88018.3%7.00%$175,000
202446,20928,14417.6%6.99%$195,000
202551,25831,66816.5%6.75%$205,000

Frequently asked questions

16.5% of applications in Oakland County were denied in 2025, against 18.5% statewide in Michigan.

United Shore Financial Services, with 5,865 applications in 2025 and a denial rate of 9.5%.

The median mortgage application in Oakland County in 2025 was for $205,000; the median property value on originated loans was $405,000.