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2024 data HMDA 2024 disclosure official source

Oakland County

49,364 mortgage applications, 16.5% denial rate. Verify FIPS 26125 with U.S. Census Bureau →

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Michigan · FIPS 26125

Local mortgage market. Oakland County, Michigan saw 49,364 HMDA-reported mortgage applications in 2024. Lenders originated 28,127 of those loans and denied 8,130, producing a denial rate of 16.5% and an approval (origination) rate of 57.0%. The average loan amount was $260,762 at an average note rate of 7.36%, with applicants self-reporting average annual income of $37K. 457 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 7.0x, meaning typical borrowers took on mortgages of about 7.0 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 26125 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

49,364
Applications
28,127
Originated
16.5%
Denial Rate
57.0%
Approval Rate
$260,762
Avg Loan Amount
7.36%
Avg Interest Rate
$37K
Avg Applicant Income
7.0x
Loan-to-Income Ratio

Nearby Lenders in Oakland County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 United Wholesale Mortgage 3,875 13.8%
2 Rocket Mortgage 3,267 11.6%
3 Genisys Credit Union 1,469 5.2%
4 Huntington National Bank 1,166 4.1%
5 Lake Michigan Credit Union 898 3.2%
Compare United Wholesale Mortgage vs Rocket Mortgage →

Frequently Asked Questions

How many mortgage applications were filed in Oakland County?
In the 2024 HMDA reporting year, 49,364 mortgage applications were filed in Oakland County, Michigan. Of these, 28,127 were originated (approved and funded), while 8,130 were denied, resulting in a denial rate of 16.5%.
What is the mortgage denial rate in Oakland County?
The mortgage denial rate in Oakland County is 16.5%. The approval (origination) rate is 57.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Oakland County?
The average mortgage loan amount in Oakland County is $260,762. The average interest rate is 7.361%. The average applicant income is $37K.
What is the loan-to-income ratio in Oakland County?
The average loan-to-income ratio in Oakland County is 7.0x, meaning borrowers took on loans averaging 7.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Oakland County?
The top mortgage lenders in Oakland County by origination volume are United Wholesale Mortgage, Rocket Mortgage, Genisys Credit Union. In total, 457 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.