Carrington Mortgage Services · Wisconsin · 2025

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

Carrington Mortgage Services took 633 mortgage applications in Wisconsin in 2025, ranking #75 of 938 lenders active in the state. It originated 32.5% of them and denied 41.2% (49.1% of the applications it decided), against a statewide denial rate of 14.0%.

633Applicationsin WI
49.1%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$155,000Median loanstate $165,000
$33MVolume63 counties

Carrington Mortgage Services in Wisconsin vs the state

41.2%Denial rate+27.22 pts vs state
49.1%Decision denial rate+32.70 pts vs state
32.5%Origination rate-35.61 pts vs state
6.63%Median rate0.00 pts vs state
0.79Rate spread (pts)+0.67 pts vs state
$86kMedian applicant income
206Loans originated
261Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
202350214948.4%6.63%#79
202451218735.4%6.63%#79
202563320641.2%6.63%#75

What Carrington Mortgage Services lends in Wisconsin

By loan purpose

Home purchase 26 4% · 15.4% denied
Refinance 51 8% · 52.9% denied
Cash-out refinance 556 88% · 41.4% denied

By loan type

Conventional 317 50% · 37.9% denied
FHA 253 40% · 45.5% denied
VA 63 10% · 41.3% denied

Why it denied Wisconsin applicants

Incomplete application 197 75%
Credit history 18 7%
Debt-to-income ratio 15 6%
Collateral 15 6%
Other 9 3%
Employment history 3 1%
Unverifiable information 3 1%
Insufficient cash 1 0%

Where in Wisconsin

Counties with the most Carrington Mortgage Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 1272764 50.4%
Waukesha County 421216 38.1%
Kenosha County 29914 48.3%
Racine County 291011 37.9%
Dane County 29139 31.0%
Rock County 28119 32.1%
Brown County 25511 44.0%
Outagamie County 1977 36.8%
Dodge County 1888 44.4%
Washington County 1894 22.2%

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: 633 applications in 2025, of which 206 were originated and 261 denied.

41.2% of all applications, or 49.1% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

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

About this data. Figures are Carrington Mortgage Services'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