Better Mortgage · Wisconsin · 2025

Better Mortgage in Wisconsin: approval rate, denial rate and rates (2025)

Better Mortgage took 486 mortgage applications in Wisconsin in 2025, ranking #90 of 938 lenders active in the state. It originated 32.5% of them and denied 25.1% (42.5% of the applications it decided), against a statewide denial rate of 14.0%.

486Applicationsin WI
42.5%Decision denial ratestate 16.4%
7.43%Median ratestate 6.63%
$165,000Median loanstate $165,000
$36MVolume56 counties

Better Mortgage in Wisconsin vs the state

25.1%Denial rate+11.09 pts vs state
42.5%Decision denial rate+26.15 pts vs state
32.5%Origination rate-35.64 pts vs state
7.43%Median rate+0.81 pts vs state
0.64Rate spread (pts)+0.52 pts vs state
$119kMedian applicant income
158Loans originated
122Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023103586.8%6.31%#212
20241304710.8%6.50%#192
202548615825.1%7.43%#90

What Better Mortgage lends in Wisconsin

By loan purpose

Home purchase 146 30% · 13.0% denied
Refinance 33 7% · 15.2% denied
Cash-out refinance 62 13% · 22.6% denied
Home improvement 34 7% · 32.4% denied
Other / HELOC 211 43% · 34.6% denied

By loan type

Conventional 423 87% · 24.1% denied
FHA 61 13% · 31.2% denied
VA 2 0% · 50.0% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 32 26%
Credit history 31 25%
Incomplete application 28 23%
Other 12 10%
Collateral 11 9%
Unverifiable information 6 5%
Insufficient cash 1 1%
Employment history 1 1%

Where in Wisconsin

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 952628 29.5%
Dane County 54149 16.7%
Waukesha County 33156 18.2%
Brown County 21105 23.8%
Racine County 2075 25.0%
Ozaukee County 1986 31.6%
Kenosha County 1694 25.0%
Walworth County 1455 35.7%
St. Croix County 1372 15.4%
Eau Claire County 1373 23.1%

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: 486 applications in 2025, of which 158 were originated and 122 denied.

25.1% of all applications, or 42.5% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Better Mortgage originated in Wisconsin in 2025 was 7.43%, against a statewide median of 6.63%.

About this data. Figures are Better Mortgage'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