Fairway Independent Mortgage · Wisconsin · 2025

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

Fairway Independent Mortgage took 3,754 mortgage applications in Wisconsin in 2025, ranking #13 of 938 lenders active in the state. It originated 78.5% of them and denied 4.1% (4.9% of the applications it decided), against a statewide denial rate of 14.0%.

3.8kApplicationsin WI
4.9%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$295,000Median loanstate $165,000
$902MVolume71 counties

Fairway Independent Mortgage in Wisconsin vs the state

4.1%Denial rate-9.93 pts vs state
4.9%Decision denial rate-11.44 pts vs state
78.5%Origination rate+10.35 pts vs state
6.63%Median rate0.00 pts vs state
0.29Rate spread (pts)+0.17 pts vs state
$107kMedian applicant income
2,947Loans originated
153Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,1222,5234.6%6.88%#12
20243,4762,8333.7%6.75%#11
20253,7542,9474.1%6.63%#13

What Fairway Independent Mortgage lends in Wisconsin

By loan purpose

Home purchase 2,957 79% · 3.4% denied
Refinance 536 14% · 5.0% denied
Cash-out refinance 186 5% · 11.8% denied
Home improvement 15 0% · 6.7% denied
Other / HELOC 60 2% · 3.3% denied

By loan type

Conventional 3,044 81% · 3.3% denied
FHA 499 13% · 9.0% denied
VA 204 5% · 3.9% denied
USDA / RHS 7 0% · 0.0% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 41 27%
Collateral 23 15%
Credit history 21 14%
Insufficient cash 18 12%
Incomplete application 18 12%
Unverifiable information 17 11%
Other 10 7%
Employment history 5 3%

Where in Wisconsin

Counties with the most Fairway Independent Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 66053321 3.2%
Dane County 49038814 2.9%
Waukesha County 4483708 1.8%
Racine County 1811457 3.9%
Washington County 1651139 5.5%
Walworth County 140958 5.7%
Outagamie County 1341114 3.0%
Kenosha County 1289212 9.4%
Winnebago County 1129011 9.8%
Rock County 105759 8.6%

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: 3,754 applications in 2025, of which 2,947 were originated and 153 denied.

4.1% of all applications, or 4.9% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

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

About this data. Figures are Fairway Independent 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