Local lending intelligence · HMDA 2023–2025
Mortgage and lending data for Oakland County, Michigan
Every institution that decided a 1–4 unit mortgage application in Oakland County between 2023 and 2025: 97,733 applications, 75,380 loans actually funded, across 8 kinds of borrowing.
Oakland County at a glance
97,733Applications decided
2023–2025
75,380Loans funded
77% of decisions
350Census tracts
68 ZIP codes
1,272,294People
ACS 2023
What the data shows
Lenders approved 87.6% of home-purchase applications in Oakland County, 3.0 points above the Michigan rate.
The typical purchase mortgage here is $295K.
Investment home improvement is the hardest money to get here: lenders approved 41% of 339 applications.
Lending by loan type in Oakland County
| Loan type | Approval | Decided | Typical loan | Taken up | Lenders |
|---|---|---|---|---|---|
| Mortgage lenders | 87.6% | 47,031 | $295K | 97% | 502 |
| Home improvement loans | 69.5% | 14,791 | $75K | 91% | 177 |
| Cash-out refinance | 74.5% | 15,746 | $125K | 95% | 321 |
| Refinance | 78.8% | 14,740 | $285K | 94% | 317 |
| Investment property purchase | 87.6% | 3,307 | $185K | 96% | 262 |
| Investment cash-out refinance | 73.3% | 1,221 | $135K | 93% | 153 |
| Investment refinance | 66.3% | 558 | $205K | 90% | 114 |
| Investment home improvement | 41.3% | 339 | $105K | 90% | 64 |
Approval is the share of decided applications lenders approved; taken up is the share of approvals borrowers accepted. How the numbers work.