☰

Survey Results We asked readers after the Fed’s Sept. 16 hike: 50% of homeowners have a mortgage rate under 4%. See the full results

Home / Mortgage Lenders / Michigan / Royal Oak

iAdvertiser Disclosure

Mortgage Lenders and Brokers in Royal Oak, Michigan

Content reviewed by

Brian McKay | iEditorial Disclosure | ✓Fact Checked | Loan Rates Last Updated and Verified: October 7, 2026

Royal Oak, Michigan mortgage lenders include First Merchants BankFirst Merchants Bank3930 S State Rd, Ann Arbor, MI 48108A+5.0 ★Texas Ratio: 4.12%, Huntington National BankHuntington National Bank4609 Crooks Rd, Royal Oak, MI 48073A+5.0 ★Texas Ratio: 3.66%, Bank of America NABank of America NA28746 Woodward Ave, Royal Oak, MI 48067A+5.0 ★Texas Ratio: 4.14%, Fifth Third Bank, National AssociationFifth Third Bank, National Association29710 Woodward Ave, Royal Oak, MI 48073A+5.0 ★Texas Ratio: 3.22%, Citizens Bank, NACitizens Bank, NA200 S Main St, Royal Oak, MI 48067A+5.0 ★Texas Ratio: 5.44%, Lake Michigan Credit UnionLake Michigan Credit Union496 Ada Dr SE STE 103, Ada, MI 49301, JPMorgan Chase Bank, NAJPMorgan Chase Bank, NA455 Ada Dr Se, Ada, MI 49301A+5.0 ★Texas Ratio: 3.68%, Michigan Schools and GovernmenMichigan Schools and Governmen31805 Woodward Ave, Royal Oak, MI 48073 0938A+5.0 ★Texas Ratio: 3.99%, Flagstar Bank NAFlagstar Bank NA3233 Fairlane Dr, Allen Park, MI 48101D3.3 ★Texas Ratio: 35.11%, and Genisys Credit UnionGenisys Credit Union530 N Main St, Royal Oak, MI 48067 1815A+5.0 ★Texas Ratio: 5.37%. Banks, credit unions and mortgage companies are listed together, with FHA, VA and local options flagged for quick comparison.

Lenders are ranked only by the number of home loans they closed in Royal Oak, Michigan in 2025, as reported under the federal Home Mortgage Disclosure Act. No lender pays for a higher spot. Lenders based in Royal Oak are listed first, then lenders elsewhere in Michigan, then lenders from other states that closed loans there. Banks and credit unions carry a MonitorBankRates health grade, star rating and Texas Ratio, so you can judge how financially sound they are. Mortgage companies have no deposits to rate, so compare their loan programs, median loan and borrower reviews instead. Compare at least three lenders and ask each for a written loan estimate before you choose.

Mortgage Lenders and Brokers in Royal Oak, Michigan

Market share is the lender's share of all home loans closed in Royal Oak, Michigan. Approval share is approvals divided by completed applications. Grade is the MonitorBankRates Health and Safety Grade, available for banks and credit unions only. Average loan is the lender's mean loan amount here.

Lender	Programs	Loans closed	Market share	Approval share	Average loan	View
First Merchants Bank 1 office in Royal Oak 3930 S State Rd, Ann Arbor, MI 48108 A+5.0 ★Texas Ratio: 4.12%	Conventional, FHA, Jumbo, HELOC	56 +3 HELOCs	4%	100%	$339,107	View
Huntington National Bank 2 offices in Royal Oak 4609 Crooks Rd, Royal Oak, MI 48073 A+5.0 ★Texas Ratio: 3.66%	Conventional, Jumbo, HELOC	26 +33 HELOCs	1.8%	83.9%	$403,076	View
Bank of America NA 1 office in Royal Oak 28746 Woodward Ave, Royal Oak, MI 48067 A+5.0 ★Texas Ratio: 4.14%	Conventional, HELOC	17 +25 HELOCs	1.2%	100%	$345,588	View
Fifth Third Bank, National Association 2 offices in Royal Oak 29710 Woodward Ave, Royal Oak, MI 48073 A+5.0 ★Texas Ratio: 3.22%	Conventional, Jumbo, HELOC	8 +10 HELOCs	0.6%	88.9%	$266,250	View
Citizens Bank, NA 1 office in Royal Oak 200 S Main St, Royal Oak, MI 48067 A+5.0 ★Texas Ratio: 5.44%	Conventional, HELOC	4 +37 HELOCs	0.3%	100%	$247,500	View
Lake Michigan Credit Union 496 Ada Dr SE STE 103, Ada, MI 49301	Conventional, FHA, Jumbo, HELOC	58 +13 HELOCs	4.1%	98.3%	$499,482
JPMorgan Chase Bank, NA 455 Ada Dr Se, Ada, MI 49301 A+5.0 ★Texas Ratio: 3.68%	Conventional, FHA, HELOC	39 +2 HELOCs	2.8%	97.6%	$300,897	View
Michigan Schools and Governmen 31805 Woodward Ave, Royal Oak, MI 48073 0938 A+5.0 ★Texas Ratio: 3.99%	Conventional, FHA, HELOC	35 +13 HELOCs	2.5%	94.6%	$154,428	View
Flagstar Bank NA 3233 Fairlane Dr, Allen Park, MI 48101 D3.3 ★Texas Ratio: 35.11%	Conventional, VA, Jumbo, HELOC	30 +6 HELOCs	2.1%	83.3%	$347,000	View
Genisys Credit Union 530 N Main St, Royal Oak, MI 48067 1815 A+5.0 ★Texas Ratio: 5.37%	Conventional, Jumbo, HELOC	26 +11 HELOCs	1.8%	96.4%	$473,461	View
DFCU Financial 2910 Carpenter Rd, Ann Arbor, MI 48108 A+5.0 ★Texas Ratio: 1.86%	Conventional, HELOC	21 +12 HELOCs	1.5%	91.7%	$246,428	View
Superior National Bank 201 S Superior Ave, Baraga, MI 49908 A+5.0 ★Texas Ratio: 4.32%	Conventional, VA	20	1.4%	95.2%	$344,500	View
Credit Union One 2400 Green Rd, Ann Arbor, MI 48105 1550 A+5.0 ★Texas Ratio: 2.54%	Conventional, HELOC	14 +18 HELOCs	1%	88.2%	$200,000	View
First State Bank 53950 Gratiot Ave, Chesterfield, MI 48051 A5.0 ★Texas Ratio: 6.84%	Conventional, FHA, HELOC	11 +1 HELOCs	0.8%	100%	$283,181	View
Michigan First Credit Union 2200 E 12 Mile Rd, Royal Oak, MI 48067 A+5.0 ★Texas Ratio: 4.92%	Conventional	9	0.6%	90%	$295,000	View
PNC Bank N.A. ★ 1.7 stars, 3 reviews 202 S Lafayette Ave, Royal Oak, MI 48067 A+5.0 ★Texas Ratio: 4.24%	Conventional, HELOC	8 +15 HELOCs	0.6%	88.9%	$335,000	View
Community Choice Credit Union 1740 Crooks Rd, Royal Oak, MI 48067 A+5.0 ★Texas Ratio: 5.61%	Conventional, HELOC	8 +4 HELOCs	0.6%	88.9%	$38,750	View
Independent Bank 1004 W Midland Rd, Auburn, MI 48611 A5.0 ★Texas Ratio: 6.46%	Conventional, FHA, HELOC	8 +2 HELOCs	0.6%	100%	$368,750	View
Michigan Educational Credit Union 1903 Rochester Rd, Royal Oak, MI 48073 A+5.0 ★Texas Ratio: 1.03%	Conventional, HELOC	7 +12 HELOCs	0.5%	100%	$57,857	View
Vibe Credit Union 501 S Main St, Royal Oak, MI 48067 A+5.0 ★Texas Ratio: 5.97%	Conventional, HELOC	6 +4 HELOCs	0.4%	100%	$155,000	View
Member First Mortgage, LLC 650 W 5th St, Clare, MI 48617	Conventional, Jumbo	5	0.4%	100%	$597,000
Dart Bank 2469 Cedar Street, Delhi Township, MI 48842 A-4.9 ★Texas Ratio: 16.59%	Conventional, HELOC	4 +2 HELOCs	0.3%	100%	$325,000	View
Consumers Credit Union 6081 B Dr N, Battle Creek, MI 49014 8367 A+5.0 ★Texas Ratio: 3.56%	Conventional, HELOC	3 +2 HELOCs	0.2%	100%	$341,666	View
Northpointe Bank 3333 Deposit Dr Ne, Grand Rapids, MI 49546 A5.0 ★Texas Ratio: 8.47%	Conventional	3	0.2%	100%	$351,666	View
Lake Trust Credit Union ★ 1 stars, 1 review 2222 Packard St, Ann Arbor, MI 48104 6368 A5.0 ★Texas Ratio: 6.91%	Conventional	3	0.2%	100%	$105,000	View
Towne Mortgage Company 2400 Green Rd, Ann Arbor, MI 48105 1550 A+5.0 ★Texas Ratio: 2.54%	Conventional	3	0.2%	100%	$235,000	View
Community Financial 12483 State St, Atlanta, MI 49709	Conventional, HELOC	2 +1 HELOCs	0.1%	100%	$310,000
Loc Credit Union 1025 E Grand River Ave, Brighton, MI 48116 1803 A+5.0 ★Texas Ratio: 1.78%	Conventional, HELOC	2 +1 HELOCs	0.1%	66.7%	$90,000	View
Zeal Credit Union 7240 Park Ave, Allen Park, MI 48101 A+5.0 ★Texas Ratio: 4.89%	Conventional	2	0.1%	100%	$145,000	View
First Independence Bank 7310 Woodward Ave, Detroit, MI 48202 A+5.0 ★Texas Ratio: 4.91%	Conventional	2	0.1%	100%	$495,000	View
Diversified Members Credit Union 625 N Main St, Clawson, MI 48017 1529 A+5.0 ★Texas Ratio: 5.06%	Conventional	2	0.1%	50%	$55,000	View
University Bank 2015 Washtenaw Ave, Ann Arbor, MI 48104 A+5.0 ★Texas Ratio: 3.82%	Conventional	2	0.1%	66.7%	$180,000	View
Bank of Ann Arbor 125 S 5th Ave, Ann Arbor, MI 48104 A+5.0 ★Texas Ratio: 1.88%	Conventional	2	0.1%	100%	$275,000	View
Comerica Bank 323 S Main St, Royal Oak, MI 48067 A+5.0 ★Texas Ratio: 4.14%	Conventional, HELOC	1 +12 HELOCs	0.1%	100%	$135,000	View
University of Michigan Credit Union 340 E Huron St, Ann Arbor, MI 48104 A+5.0 ★Texas Ratio: 5.54%	Conventional, HELOC	1 +2 HELOCs	0.1%	100%	$345,000	View
Keybank National Association 1352 S Main St, Adrian, MI 49221 A+5.0 ★Texas Ratio: 4.81%	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$365,000	View
Alliance Catholic Credit Union 7130 Allen Rd, Allen Park, MI 48101 A+5.0 ★Texas Ratio: 1.86%	Conventional	1	0.1%	100%	$155,000	View
ELGA Credit Union 1479 Straits Dr, Bay City, MI 48706 A+5.0 ★Texas Ratio: 4.72%	Conventional	1	0.1%	100%	$45,000	View
Public Service Credit Union 3044 W Grand Blvd Ste L 350, Detroit, MI 48202 3142 A+5.0 ★Texas Ratio: 5.17%	Conventional	1	0.1%	100%	$75,000	View
Michigan Legacy Credit Union 22855 Gibraltar Rd, Flat Rock, MI 48134 A+5.0 ★Texas Ratio: 2.18%	Conventional	1	0.1%	100%	$45,000	View
Jolt Credit Union 915 S Euclid Ave, Bay City, MI 48706 A+5.0 ★Texas Ratio: 2.11%	Conventional	1	0.1%	100%	$255,000	View
Sturgis Bank & Trust 232 W Monroe St, Bangor, MI 49013 A5.0 ★Texas Ratio: 9.46%	Conventional	1	0.1%	100%	$405,000	View
United Bank of Michigan 8301 Byron Center Ave Sw, Byron Center, MI 49315 A+5.0 ★Texas Ratio: 0.48%	Conventional	1	0.1%	100%	$325,000	View
Northstar Bank 3559 Main St, Akron, MI 48701 A5.0 ★Texas Ratio: 12.49%	Conventional	1	0.1%	100%	$285,000	View
Dort Financial Credit Union 5750 Baypointe Blvd, Clarkston, MI 48346 3192 A+5.0 ★Texas Ratio: 4.06%	HELOC	0 +2 HELOCs	0%	n/a		View
Michigan United Credit Union 3501 Hamlin Rd, Auburn Hills, MI 48326 A+5.0 ★Texas Ratio: 0.54%	HELOC	0 +2 HELOCs	0%	n/a		View
Advia Credit Union 2550 Capital Ave SW, Battle Creek, MI 49015 A+5.0 ★Texas Ratio: 5.38%	HELOC	0 +1 HELOCs	0%	n/a		View
Christian Financial CU 8171 E 10 Mile Rd, Center Line, MI 48015 1449 A+5.0 ★Texas Ratio: 3.21%	HELOC	0 +1 HELOCs	0%	n/a		View
Arbor Financial Credit Union 7200 KALAMAZOO AVE SE, CALEDONIA, MI 49316 A5.0 ★Texas Ratio: 12.10%	HELOC	0 +1 HELOCs	0%	n/a		View
Rocket Mortgage	Conventional, FHA, VA, Jumbo, HELOC	259 +2 HELOCs	18.3%	91.7%	$279,594
United Wholesale Mortgage	Conventional, FHA, VA, Jumbo, HELOC	219 +10 HELOCs	15.5%	94.4%	$328,059
Staunton Financial Inc	Conventional, FHA, Jumbo	44	3.1%	95.7%	$425,000
Mortgage Center LC	Conventional, Jumbo	39	2.8%	92.9%	$252,948
Mortgage 1 Incorporated	Conventional, FHA, VA	29	2%	93.8%	$269,827
Ross Mortgage Corporation	Conventional, FHA, VA	16	1.1%	100%	$346,250
Msu Federal Credit Union	Conventional, Jumbo, HELOC	12 +18 HELOCs	0.8%	100%	$390,833
Gold Star Mortgage Financial Group, Corporation	Conventional	6	0.4%	100%	$346,666
Legacy Mortgage	Conventional	5	0.4%	100%	$357,000
Michigan Mutual, Inc	Conventional	4	0.3%	83.3%	$362,500
Success Mortgage Partners, Inc	Conventional	3	0.2%	100%	$371,666
Ccf - Auburn Hills Branch	Conventional	3	0.2%	60%	$78,333
St. James Mortgage Corporation	Conventional	1	0.1%	100%	$475,000
Polish-Am Federal Credit Union	Conventional	1	0.1%	100%	$225,000
Union Home Mortgage Corp.	Conventional, FHA, VA, HELOC	31 +2 HELOCs	2.2%	93.9%	$297,903
CrossCountry Mortgage, LLC	Conventional, FHA, VA, HELOC	25 +2 HELOCs	1.8%	96.3%	$360,600
Guaranteed Rate, Inc.	Conventional, FHA	22	1.6%	100%	$303,181
The Loan Store, Inc	Conventional, FHA, HELOC	18 +3 HELOCs	1.3%	100%	$341,111
Nationstar Mortgage	Conventional, FHA, VA	16	1.1%	76.2%	$233,125
Pennymac Loan Services LLC	Conventional, FHA, VA, Jumbo	12	0.8%	80%	$392,500
Cmg Mortgage Inc	Conventional, USDA, Jumbo, HELOC	10 +3 HELOCs	0.7%	100%	$323,000
Newrez LLC	Conventional, FHA, Jumbo	9	0.6%	76.9%	$197,222
Zillow Home Loans, LLC	Conventional, FHA, VA	9	0.6%	100%	$322,777
Everett Financial, Inc.	Conventional, FHA	7	0.5%	100%	$379,285
loanDepot.com LLC	Conventional	7	0.5%	70%	$305,000
Sofi Bank, National Association A+5.0 ★Texas Ratio: 0.51%	Conventional	6	0.4%	100%	$160,000	View
US Bank, N.A. A+5.0 ★Texas Ratio: 2.85%	Conventional, HELOC	5 +1 HELOCs	0.4%	100%	$447,000	View
First Community Mortgage, Inc. A+5.0 ★Texas Ratio: 0.00%	Conventional	5	0.4%	100%	$265,000	View
Amerisave Mortgage Company	Conventional	5	0.4%	45.5%	$111,000
Plains Commerce Bank A5.0 ★Texas Ratio: 9.09%	Conventional, VA	5	0.4%	100%	$417,000	View
Movement Mortgage, LLC	Conventional	4	0.3%	100%	$422,500
Provident Funding Associates	Conventional	4	0.3%	100%	$377,500
Prosperity Home Mortgage, LLC	Conventional, VA	4	0.3%	80%	$315,000
Ubs Bank USA ★ 5 stars, 1 review A+5.0 ★Texas Ratio: 1.21%	Conventional	4	0.3%	100%	$512,500	View
The Mortgage Link, Inc.	Conventional, VA	4	0.3%	100%	$340,000
Navy Federal Credit Union	Conventional, VA, HELOC	3 +1 HELOCs	0.2%	60%	$161,666
Freedom Mortgage Corporation	Conventional, VA	3	0.2%	83.3%	$525,000
Sage Home Loans Corporation	Conventional	3	0.2%	100%	$245,000
Nbkc Bank	Conventional	3	0.2%	100%	$305,000
Resicentral LLC	Conventional	3	0.2%	100%	$248,333
Guild Mortgage Company	Conventional	3	0.2%	100%	$278,333
Usaa Federal Savings Bank B-3.5 ★Texas Ratio: 6.80%	Conventional, VA	3	0.2%	100%	$545,000	View
Mortgage Research Center	Conventional, VA	3	0.2%	100%	$331,666
Nexbank A-5.0 ★Texas Ratio: 14.93%	Conventional	3	0.2%	100%	$225,000	View
New American Funding, LLC.	Conventional, FHA	3	0.2%	75%	$258,333
Morgan Stanley Private Bank NA A4.8 ★Texas Ratio: 2.45%	Conventional	3	0.2%	100%	$475,000	View
Plaza Home Mortgage, Inc	Conventional	3	0.2%	75%	$358,333
Third Federal Savings and Loan A+5.0 ★Texas Ratio: 2.32%	Conventional, HELOC	2 +3 HELOCs	0.1%	100%	$85,000	View
Luminate Bank A5.0 ★Texas Ratio: 11.06%	Conventional	2	0.1%	100%	$415,000	View
Lakeview Loan Servicing, LLC	Conventional, FHA	2	0.1%	50%	$330,000
AdvantageFirst Lending Inc	FHA	2	0.1%	100%	$270,000
American Financial Network, Inc.	Conventional	2	0.1%	100%	$340,000
Weichert Financial Services	Conventional	2	0.1%	100%	$330,000
The Anderson Financial Group, Inc.	Conventional	2	0.1%	100%	$320,000
Barrington Bank & Trust Company, N.A. A+5.0 ★Texas Ratio: 2.20%	VA	2	0.1%	100%	$290,000	View
Stockton Mortgage Corporation	Conventional	2	0.1%	100%	$285,000
Mutual of Omaha Mortgage	Conventional	2	0.1%	100%	$515,000
BMO Harris Bank NA A+5.0 ★Texas Ratio: 3.54%	Conventional	2	0.1%	100%	$560,000	View
ClearEdge Lending LLC	Conventional, Jumbo	2	0.1%	100%	$505,000
Better Mortgage Corporation	Conventional, HELOC	1 +3 HELOCs	0.1%	50%	$375,000
Goodleap, LLC	Conventional, HELOC	1 +2 HELOCs	0.1%	100%	$65,000
Valon Mortgage	Conventional, HELOC	1 +2 HELOCs	0.1%	50%	$255,000
Spring Eq, LLC	Conventional, HELOC	1 +2 HELOCs	0.1%	50%	$75,000
Pentagon Federal Credit Union	Conventional, HELOC	1 +1 HELOCs	0.1%	100%	$225,000
EMM Loans LLC	Conventional	1	0.1%	100%	$215,000
A&D Mortgage LLC A+5.0 ★Texas Ratio: 4.11%	Conventional	1	0.1%	100%	$295,000	View
Premia Mortgage, LLC A5.0 ★Texas Ratio: 13.21%	Conventional	1	0.1%	100%	$375,000	View
Guaranteed Rate Affinity, LLC	Conventional	1	0.1%	100%	$395,000
American Financial Resources LLC	Conventional	1	0.1%	100%	$265,000
Residential Wholesale Mortgage	Conventional	1	0.1%	100%	$455,000
Primelending	Conventional	1	0.1%	100%	$295,000
Stride Bank, National Association A5.0 ★Texas Ratio: 6.15%	Conventional	1	0.1%	100%	$255,000	View
Mjw Financial LLC dba Mjw Mortgage	Conventional	1	0.1%	100%	$555,000
Charles Schwab Bank, Ssb A+5.0 ★Texas Ratio: 0.14%	Conventional	1	0.1%	100%	$505,000	View
Equity Prime Mortgage LLC	FHA	1	0.1%	50%	$175,000
Kind Lending, LLC	Conventional	1	0.1%	100%	$315,000
Howard Hanna Financial Services, Inc	Conventional	1	0.1%	100%	$225,000
Guidance Residential, LLC	Conventional	1	0.1%	100%	$435,000
Farmers Bank & Trust A+5.0 ★Texas Ratio: 0.65%	Conventional	1	0.1%	100%	$605,000	View
Eustis Mortgage Corp	Conventional	1	0.1%	100%	$435,000
Plus Relocation Mortgage, LLC	Conventional	1	0.1%	100%	$305,000
Discover Bank	Conventional	1	0.1%	20%	$55,000
Ez Fundings Inc	Conventional	1	0.1%	100%	$145,000
A&N Mortgage Services, Inc. A+5.0 ★Texas Ratio: 4.11%	Conventional	1	0.1%	100%	$305,000	View
SIRVA Mortgage, Inc.	Conventional	1	0.1%	100%	$225,000
First Colony Mortgage Corporat	Conventional	1	0.1%	100%	$275,000
Highlands Residential Mortgage, Ltd.	Conventional	1	0.1%	100%	$365,000
Nfm, Inc	Conventional	1	0.1%	100%	$355,000
Cardinal Financial Company, Li	Conventional	1	0.1%	100%	$295,000
Stg Mortgage Inc	Conventional	1	0.1%	100%	$445,000
Hsbc Bank USA, NA A+5.0 ★Texas Ratio: 4.86%	Conventional	1	0.1%	100%	$195,000	View
First Federal Bank A+5.0 ★Texas Ratio: 1.10%	Conventional	1	0.1%	100%	$175,000	View
Armed Forces Bank, N.A. A+5.0 ★Texas Ratio: 4.81%	VA	1	0.1%	100%	$625,000	View
Arvest Bank A5.0 ★Texas Ratio: 7.48%	Conventional, Jumbo	1	0.1%	100%	$895,000	View
Baxter Credit Union	Conventional	1	0.1%	100%	$45,000
Change Lending A+5.0 ★Texas Ratio: 3.68%	Conventional	1	0.1%	100%	$205,000	View
Purdue Federal Cu	Conventional	1	0.1%	100%	$155,000
Sunflower Bank, N.A. A5.0 ★Texas Ratio: 10.77%	Conventional	1	0.1%	100%	$325,000	View
Northrop Grumman Federal Credit Union	Conventional	1	0.1%	100%	$315,000
The Federal Savings Bank B+4.8 ★Texas Ratio: 16.98%	VA	1	0.1%	100%	$385,000	View
Paramount Residential Mortgage	Conventional	1	0.1%	100%	$255,000
Carrington Mortgage Services LLC	VA	1	0.1%	100%	$535,000
Ark-La-Tex Financial Services LLC	Conventional	1	0.1%	100%	$235,000
Tomo Mortgage LLC	Conventional	1	0.1%	100%	$385,000
Figure Lending LLC	HELOC	0 +8 HELOCs	0%	n/a
Alliant Credit Union	HELOC	0 +4 HELOCs	0%	n/a
Coastal Community Bank B4.5 ★Texas Ratio: 20.96%	HELOC	0 +4 HELOCs	0%	n/a		View
Usalliance Federal Credit Union	HELOC	0 +1 HELOCs	0%	n/a
HomeBridge Financial Services, Inc	HELOC	0 +1 HELOCs	0%	n/a
Connexus Credit Union	HELOC	0 +1 HELOCs	0%	n/a
Lower, LLC	HELOC	0 +1 HELOCs	0%	n/a
Lendage, LLC dba Achieve Loans	HELOC	0 +1 HELOCs	0%	n/a

Lender counts and market shares come from 2025 federal HMDA loan data, the public record of mortgage applications and closings. Health grades: MonitorBankRates, rates as of Oct 8, 2026.

Royal Oak Mortgage Rate Trends

Daily average mortgage rates for Michigan compared with the national average, updated every evening.

30-Year Fixed MI Avg

7.495%

▲ 0.082 vs 7 days ago

15-Year Fixed MI Avg

7.088%

▲ 0.096 vs 7 days ago

Mortgage Lenders and Mortgage Brokers Near Me in Royal Oak, Michigan

Looking for mortgage lenders near me or mortgage brokers near me in Royal Oak? The list below shows the banks, credit unions and mortgage brokers that closed home loans in Royal Oak in 2025, with lenders based there listed first.

Types of Mortgage Lenders in Royal Oak, MI

Use these to narrow the list above. Each category shows how many Royal Oak, MI lenders fit and what that kind of lender is usually best for.

Mortgage companies and brokers 77 lenders. Nonbank lenders and brokers that shop several wholesale lenders; often the fastest closings Banks 46 lenders. Local and national banks with branches, portfolio and jumbo loans, and an MBR health grade Credit unions 38 lenders. Member owned, often lower fees and flexible underwriting for members FHA lenders 24 lenders. 3.5 percent down and credit scores into the 500s; the usual route for bad credit or low down payment buyers VA lenders 22 lenders. No down payment and no mortgage insurance for eligible veterans and service members USDA lenders 1 lenders. Zero down loans in eligible rural and suburban areas Jumbo lenders 17 lenders. Loans above the conforming limit for higher priced homes Local lenders based in MI 55 lenders headquartered in Michigan, the closest thing to a mortgage lender near you

Who Lends in Royal Oak, MI

Independent mortgage companies closed 59.9 percent of home loans in Royal Oak, Michigan in 2025, banks 21.3 percent and credit unions 18.8 percent. Member First Mortgage, LLC was the largest mortgage company, First Merchants Bank the largest bank and Lake Michigan Credit Union the largest credit union. Among lenders headquartered in Michigan, Lake Michigan Credit Union led with 58 loans.

59.9%

Mortgage companies

21.3%

Banks

18.8%

Credit unions

FHA loans

VA loans

How to Read This List

A high approval share with a small median loan usually points to a lender comfortable with first time and FHA borrowers. A large median loan with conventional and jumbo programs points to a move up and jumbo specialist. The health grade says whether a bank or credit union is financially sound; it says nothing about service, which is what the reviews below are for.

Title or escrow companies usually handle closings in Michigan. State real estate transfer tax of $3.75 per $500 (0.75 percent) plus a county transfer tax of $0.55 per $500 (0.11 percent), customarily paid by the seller. No mortgage recording tax.

More Michigan Mortgage Lender Pages

All Michigan lenders 765 lenders Detroit 207 lenders Grand Rapids 201 lenders Warren 178 lenders Lansing 167 lenders Sterling Heights 175 lenders Livonia 179 lenders St. Clair Shores 138 lenders Westland 144 lenders Wyoming 152 lenders Troy 145 lenders Ann Arbor 156 lenders Dearborn 112 lenders

Frequently Asked Questions About Mortgage Lenders in Royal Oak, MI

Who is the largest mortgage lender in Royal Oak, MI?

By home loans closed in 2025, First Merchants Bank was the largest mortgage lender in Royal Oak, Michigan with 56 loans, about 4 percent of the market. The largest lender headquartered in Michigan was Lake Michigan Credit Union with 58 loans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which mortgage lenders in Royal Oak, MI have the highest approval rates?

Among lenders with meaningful volume in Royal Oak, Michigan, First Merchants Bank approved the highest share of completed applications in 2025 at 100 percent, against a 92.6 percent average for all lenders. Approval share reflects the applicants a lender attracts as much as its underwriting, so compare it alongside loan programs and median loan size. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Which Royal Oak, MI mortgage lenders offer FHA, VA and USDA loans?

24 lenders closed FHA loans in Royal Oak, Michigan in 2025, led by United Wholesale Mortgage with 19. 22 lenders closed VA loans, led by Rocket Mortgage, and 1 closed USDA rural loans. Use the FHA and VA filters above the table to see only those lenders; FHA loans allow 3.5 percent down and lower credit scores, VA loans need no down payment for eligible veterans. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

Are credit unions and local banks included in this Royal Oak, MI lender list?

Yes. 46 banks and 38 credit unions closed home loans in Royal Oak, Michigan in 2025, alongside 77 independent mortgage companies and brokers. Banks and credit unions carry a MonitorBankRates health grade. Mortgage companies are not deposit institutions, so they have no health grade; their HMDA figures and borrower reviews stand in. Source: Home Mortgage Disclosure Act data for 2025, published by the FFIEC and CFPB.

How are mortgage lenders in Royal Oak, MI ranked on this page?

Lenders are ranked only by the number of home loans they closed in Royal Oak, Michigan during 2025 as reported under the federal Home Mortgage Disclosure Act. No lender pays to be listed or to rank higher, and reviews do not change the order. Counts cover first and second lien loans on one to four unit homes for purchase, refinance and home improvement; home equity lines are counted separately.

Methodology and Sources

Lender rankings use the loan level records that lenders file under the Home Mortgage Disclosure Act, published by the FFIEC and the Consumer Financial Protection Bureau for the 2025 reporting year. Counts include originated first and subordinate lien loans on one to four unit homes in Royal Oak, Michigan for purchase, refinance and other purposes; home equity lines of credit are counted separately and reverse mortgages and business purpose loans are excluded. Approval share is originations plus approved but not accepted applications divided by all completed applications (withdrawn and incomplete files are excluded). Lender type comes from the lender's federal regulator and the FFIEC National Information Center. City figures use the Census tracts that make up Royal Oak. Health grades are MonitorBankRates data and are current as of the date shown. Lenders below the HMDA reporting thresholds do not appear. MonitorBankRates receives no payment for placement on this page. Last updated October 8, 2026.