Armed Forces Bank · Wisconsin · 2025

Armed Forces Bank in Wisconsin: approval rate, denial rate and rates (2025)

Armed Forces Bank took 24 mortgage applications in Wisconsin in 2025, ranking #398 of 938 lenders active in the state. It originated 45.8% of them and denied 29.2% (38.9% of the applications it decided), against a statewide denial rate of 14.0%.

24Applicationsin WI
38.9%Decision denial ratestate 16.4%
6.00%Median ratestate 6.63%
$355,000Median loanstate $165,000
$3.7MVolume16 counties

Armed Forces Bank in Wisconsin vs the state

29.2%Denial rate+15.16 pts vs state
38.9%Decision denial rate+22.53 pts vs state
45.8%Origination rate-22.32 pts vs state
6.00%Median rate-0.63 pts vs state
-0.26Rate spread (pts)-0.38 pts vs state
$103kMedian applicant income
11Loans originated
7Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023950.0%6.13%#478
2024211523.8%6.25%#407
2025241129.2%6.00%#398

What Armed Forces Bank lends in Wisconsin

By loan purpose

Home purchase 9 38% · 0.0% denied
Refinance 5 21% · 20.0% denied
Cash-out refinance 5 21% · 20.0% denied
Other / HELOC 5 21% · 100.0% denied

By loan type

Conventional 5 21% · 20.0% denied
FHA 1 4% · 0.0% denied
VA 18 75% · 33.3% denied

Why it denied Wisconsin applicants

Incomplete application 4 57%
Debt-to-income ratio 2 29%
Credit history 1 14%

Where in Wisconsin

Counties with the most Armed Forces Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kenosha County 411 25.0%
Brown County 321 33.3%
Racine County 311 33.3%
Waukesha County 211 50.0%
Marathon County 110 0.0%
Bayfield County 110 0.0%
Vernon County 110 0.0%
Walworth County 110 0.0%
Lincoln County 110 0.0%
Eau Claire County 101 100.0%

Other large lenders in Wisconsin

LenderGradeApplicationsDenial rateMedian rate
Summit Credit UnionA 15,48313.8%6.75%
University of Wisconsin Credit UnionA 11,78113.8%6.50%
Landmark Credit UnionA 9,39317.7%6.50%
Rocket MortgageC 7,81918.0%6.63%
Associated BankB 7,45123.7%6.88%
BMO BankF 5,20225.3%8.23%
Educators Credit UnionB 4,93024.3%6.95%
U.S. BankD 4,71026.0%6.88%
Covantage Credit UnionB 4,5817.7%6.50%
United Shore Financial ServicesB 4,42111.8%6.38%

Frequently asked questions

Wisconsin: 24 applications in 2025, of which 11 were originated and 7 denied.

29.2% of all applications, or 38.9% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Armed Forces Bank originated in Wisconsin in 2025 was 6.00%, against a statewide median of 6.63%.

About this data. Figures are Armed Forces Bank's own HMDA filing for properties located in Wisconsin, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology