Bank First · Wisconsin · 2025

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

Bank First took 2,184 mortgage applications in Wisconsin in 2025, ranking #23 of 938 lenders active in the state. It originated 82.9% of them and denied 8.6% (9.1% of the applications it decided), against a statewide denial rate of 14.0%.

2.2kApplicationsin WI
9.1%Decision denial ratestate 16.4%
6.88%Median ratestate 6.63%
$155,000Median loanstate $165,000
$400MVolume53 counties

Bank First in Wisconsin vs the state

8.6%Denial rate-5.45 pts vs state
9.1%Decision denial rate-7.29 pts vs state
82.9%Origination rate+14.73 pts vs state
6.88%Median rate+0.25 pts vs state
0.02Rate spread (pts)-0.10 pts vs state
$102kMedian applicant income
1,810Loans originated
187Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,8911,5996.9%7.50%#21
20241,9461,6406.6%7.50%#23
20252,1841,8108.6%6.88%#23

What Bank First lends in Wisconsin

By loan purpose

Home purchase 977 45% · 3.3% denied
Refinance 502 23% · 9.0% denied
Cash-out refinance 97 4% · 15.5% denied
Home improvement 420 19% · 10.7% denied
Other / HELOC 188 9% · 26.6% denied

By loan type

Conventional 2,161 99% · 8.5% denied
FHA 5 0% · 40.0% denied
VA 18 1% · 5.6% denied

Why it denied Wisconsin applicants

Credit history 88 47%
Debt-to-income ratio 73 39%
Collateral 17 9%
Other 5 3%
Employment history 2 1%
Insufficient cash 2 1%

Where in Wisconsin

Counties with the most Bank First applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Sheboygan County 32727229 8.9%
Manitowoc County 30125326 8.6%
Brown County 18316013 7.1%
Monroe County 16613220 12.0%
Fond du Lac County 1551297 4.5%
Waushara County 1119710 9.0%
Waupaca County 947012 12.8%
Winnebago County 76667 9.2%
Columbia County 63583 4.8%
Ozaukee County 59467 11.9%

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: 2,184 applications in 2025, of which 1,810 were originated and 187 denied.

8.6% of all applications, or 9.1% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Bank First originated in Wisconsin in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are Bank First'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