Bank of America · Wisconsin · 2025

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

Bank of America took 607 mortgage applications in Wisconsin in 2025, ranking #77 of 938 lenders active in the state. It originated 41.0% of them and denied 29.0% (41.2% of the applications it decided), against a statewide denial rate of 14.0%.

607Applicationsin WI
41.2%Decision denial ratestate 16.4%
6.24%Median ratestate 6.63%
$105,000Median loanstate $165,000
$142MVolume62 counties

Bank of America in Wisconsin vs the state

29.0%Denial rate+14.99 pts vs state
41.2%Decision denial rate+24.86 pts vs state
41.0%Origination rate-27.13 pts vs state
6.24%Median rate-0.38 pts vs state
0.28Rate spread (pts)+0.16 pts vs state
$123kMedian applicant income
249Loans originated
176Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
202362321345.9%7.13%#61
202449517935.2%6.99%#82
202560724929.0%6.24%#77

What Bank of America lends in Wisconsin

By loan purpose

Home purchase 134 22% · 18.7% denied
Refinance 90 15% · 18.9% denied
Cash-out refinance 9 1% · 22.2% denied
Home improvement 247 41% · 34.4% denied
Other / HELOC 127 21% · 37.0% denied

By loan type

Conventional 605 100% · 28.9% denied
FHA 2 0% · 50.0% denied

Why it denied Wisconsin applicants

Credit history 101 57%
Debt-to-income ratio 43 24%
Collateral 20 11%
Unverifiable information 6 3%
Other 4 2%
Employment history 1 1%
Insufficient cash 1 1%

Where in Wisconsin

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 953535 36.8%
Dane County 573112 21.1%
Waukesha County 573112 21.1%
Kenosha County 381712 31.6%
Racine County 2688 30.8%
Walworth County 26136 23.1%
St. Croix County 1874 22.2%
Ozaukee County 1892 11.1%
Brown County 1856 33.3%
Washington County 1771 5.9%

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: 607 applications in 2025, of which 249 were originated and 176 denied.

29.0% of all applications, or 41.2% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Bank of America originated in Wisconsin in 2025 was 6.24%, against a statewide median of 6.63%.

About this data. Figures are Bank of America'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