Oscoda County, Michigan · 2025

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

104 lenders acted on 382 mortgage applications for properties in Oscoda County in 2025. 19.9% were denied (Michigan: 18.5%). Median rate on closed loans 6.88%; median loan $120,000; median property value $205,000.

382Applications
19.9%Denial ratestate 18.5%
6.88%Median ratestate 6.75%
$120,000Median loan
$205,000Median property value

Largest lenders in Oscoda County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 The Huntington National Bank D 6124 37.7%7.36%
2 Rocket Mortgage C 3119 29.0%6.88%
3 Community Financial Credit Union B 2820 7.1%7.25%
4 United Shore Financial Services B 2411 16.7%6.75%
5 Mercantile Bank C 1712 17.7%7.44%
6 Broker Solutions D 111 18.2%7.63%
7 Mortgage Research Center C 105 20.0%6.75%
8 Freedom Mortgage B 92 33.3%6.50%
9 AmeriSave Mortgage D 81 75.0%7.38%
10 Union Home Mortgage B 84 0.0%6.75%
11 Mortgage Center L.c C 75 14.3%6.88%
12 JPMorgan Chase Bank B 64 33.3%6.25%
13 Navy Federal Credit Union D 62 16.7%6.75%
14 PNC Bank D 53 0.0%7.34%

Best approval odds in Oscoda County

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

#LenderDecidedDecision denial rate
1The Huntington National Bank5145.1%

What Oscoda County borrowers applied for

By loan purpose

Home purchase 145 38% · 9.0% denied
Refinance 53 14% · 26.4% denied
Cash-out refinance 91 24% · 27.5% denied
Home improvement 45 12% · 28.9% denied
Other / HELOC 48 13% · 22.9% denied

By loan type

Conventional 284 74% · 18.3% denied
FHA 58 15% · 27.6% denied
VA 35 9% · 22.9% denied
USDA / RHS 5 1% · 0.0% denied

Why applications were denied

Credit history 22 29%
Collateral 20 26%
Debt-to-income ratio 16 21%
Incomplete application 13 17%
Other 3 4%
Unverifiable information 1 1%
Employment history 1 1%

Oscoda County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202333618221.7%7.13%$90,000
202436121320.8%7.25%$105,000
202538220419.9%6.88%$120,000

Frequently asked questions

19.9% of applications in Oscoda County were denied in 2025, against 18.5% statewide in Michigan.

The Huntington National Bank, with 61 applications in 2025 and a denial rate of 37.7%.

The median mortgage application in Oscoda County in 2025 was for $120,000; the median property value on originated loans was $205,000.