Figure Lending · Wisconsin · 2025

Figure Lending in Wisconsin: approval rate, denial rate and rates (2025)

Figure Lending took 1,025 mortgage applications in Wisconsin in 2025, ranking #48 of 938 lenders active in the state. It originated 50.4% of them and denied 23.0% (24.0% of the applications it decided), against a statewide denial rate of 14.0%.

1.0kApplicationsin WI
24.0%Decision denial ratestate 16.4%
8.65%Median ratestate 6.63%
$55,000Median loanstate $165,000
$33MVolume68 counties

Figure Lending in Wisconsin vs the state

23.0%Denial rate+9.01 pts vs state
24.0%Decision denial rate+7.62 pts vs state
50.4%Origination rate-17.71 pts vs state
8.65%Median rate+2.03 pts vs state
2.33Rate spread (pts)+2.21 pts vs state
$93kMedian applicant income
517Loans originated
236Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
202370731434.0%11.15%#52
202480741322.7%10.55%#54
20251,02551723.0%8.65%#48

What Figure Lending lends in Wisconsin

By loan purpose

Home improvement 333 32% · 25.2% denied
Other / HELOC 692 68% · 22.0% denied

By loan type

Conventional 1,025 100% · 23.0% denied

Why it denied Wisconsin applicants

Incomplete application 81 34%
Debt-to-income ratio 73 31%
Credit history 30 13%
Other 27 11%
Collateral 25 11%

Where in Wisconsin

Counties with the most Figure Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 1184944 37.3%
Waukesha County 714210 14.1%
Kenosha County 622813 21.0%
Brown County 542711 20.4%
Dane County 51288 15.7%
Winnebago County 442313 29.5%
Racine County 31157 22.6%
Outagamie County 28165 17.9%
Dodge County 28174 14.3%
Rock County 23157 30.4%

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: 1,025 applications in 2025, of which 517 were originated and 236 denied.

23.0% of all applications, or 24.0% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Figure Lending originated in Wisconsin in 2025 was 8.65%, against a statewide median of 6.63%.

About this data. Figures are Figure Lending'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