Discover Bank · Wisconsin · 2025

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

Discover Bank took 844 mortgage applications in Wisconsin in 2025, ranking #61 of 938 lenders active in the state. It originated 16.6% of them and denied 53.6% (76.0% of the applications it decided), against a statewide denial rate of 14.0%.

844Applicationsin WI
76.0%Decision denial ratestate 16.4%
8.88%Median ratestate 6.63%
$55,000Median loanstate $165,000
$11MVolume66 counties

Discover Bank in Wisconsin vs the state

53.6%Denial rate+39.54 pts vs state
76.0%Decision denial rate+59.61 pts vs state
16.6%Origination rate-51.56 pts vs state
8.88%Median rate+2.26 pts vs state
2.22Rate spread (pts)+2.09 pts vs state
$100kMedian applicant income
140Loans originated
452Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,57539743.0%9.74%#14
20242,58046447.3%8.88%#17
202584414053.6%8.88%#61

What Discover Bank lends in Wisconsin

By loan purpose

Home purchase 33 4% · 54.6% denied
Refinance 179 21% · 55.3% denied
Home improvement 218 26% · 45.4% denied
Other / HELOC 414 49% · 57.0% denied

By loan type

Conventional 844 100% · 53.6% denied

Why it denied Wisconsin applicants

Credit history 232 51%
Debt-to-income ratio 62 14%
Incomplete application 61 13%
Collateral 57 13%
Other 36 8%
Unverifiable information 3 1%
Employment history 1 0%

Where in Wisconsin

Counties with the most Discover Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 1111657 51.4%
Waukesha County 771144 57.1%
Dane County 51826 51.0%
Kenosha County 491327 55.1%
Racine County 45328 62.2%
Brown County 36815 41.7%
Rock County 32520 62.5%
Walworth County 27418 66.7%
St. Croix County 26612 46.2%
Washington County 23810 43.5%

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: 844 applications in 2025, of which 140 were originated and 452 denied.

53.6% of all applications, or 76.0% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Discover Bank originated in Wisconsin in 2025 was 8.88%, against a statewide median of 6.63%.

About this data. Figures are Discover 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