Oceana County, Michigan · 2025

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

163 lenders acted on 968 mortgage applications for properties in Oceana County in 2025. 16.8% were denied (Michigan: 18.5%). Median rate on closed loans 6.87%; median loan $155,000; median property value $305,000.

968Applications
16.8%Denial ratestate 18.5%
6.87%Median ratestate 6.75%
$155,000Median loan
$305,000Median property value

Largest lenders in Oceana County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 The Huntington National Bank D 10552 32.4%7.44%
2 Lake Michigan Credit Union A 9874 8.2%6.62%
3 Fifth Third Bank D 6233 19.4%7.25%
4 Rocket Mortgage C 5339 22.6%6.50%
5 Mortgage 1 A 5042 2.0%6.63%
6 The Shelby State Bank 4124 22.0%
7 United Shore Financial Services B 4028 22.5%6.26%
8 Gerber Federal Credit Union D 2218 9.1%
9 Unnamed lender 254900UYC52VIJUZ5X82 B 2214 18.2%
10 GreenStone Farm Credit Services, FLCA A 2018 0.0%6.53%
11 21st Mortgage F 184 38.9%10.74%
12 Mortgage Research Center C 1611 6.3%6.31%
13 ChoiceOne Bank D 117 9.1%6.56%
14 Family Financial Credit Union 116 36.4%7.50%
15 Figure Lending C 113 27.3%9.05%
16 PNC Bank D 103 30.0%7.24%
17 Consumers Credit Union C 107 20.0%6.88%
18 Newrez D 103 0.0%7.50%
19 AmeriSave Mortgage D 94 55.6%7.06%
20 Crosscountry Mortgage B 93 0.0%6.99%
21 Carrington Mortgage Services D 93 44.4%6.13%
22 Mms Mortgage Services B 87 12.5%6.75%
23 Coastal Community Bank C 80 0.0%
24 Independent Bank C 87 0.0%7.25%
25 Mercantile Bank C 75 14.3%7.00%

Best approval odds in Oceana County

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

#LenderDecidedDecision denial rate
1Lake Michigan Credit Union829.8%
2Rocket Mortgage5123.5%
3The Huntington National Bank8938.2%

What Oceana County borrowers applied for

By loan purpose

Home purchase 393 41% · 9.9% denied
Refinance 162 17% · 13.0% denied
Cash-out refinance 190 20% · 25.3% denied
Home improvement 94 10% · 27.7% denied
Other / HELOC 129 13% · 22.5% denied

By loan type

Conventional 798 82% · 16.7% denied
FHA 104 11% · 25.0% denied
VA 64 7% · 6.3% denied
USDA / RHS 2 0% · 0.0% denied

Why applications were denied

Credit history 41 28%
Debt-to-income ratio 36 24%
Collateral 32 22%
Incomplete application 17 12%
Other 13 9%
Unverifiable information 4 3%
Insufficient cash 3 2%
Employment history 1 1%

Oceana County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202378647117.8%7.00%$145,000
202489852521.2%6.99%$155,000
202596857616.8%6.87%$155,000

Frequently asked questions

16.8% of applications in Oceana County were denied in 2025, against 18.5% statewide in Michigan.

The Huntington National Bank, with 105 applications in 2025 and a denial rate of 32.4%.

The median mortgage application in Oceana County in 2025 was for $155,000; the median property value on originated loans was $305,000.