First Colony Mortgage · Wisconsin · 2025

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

First Colony Mortgage took 1,235 mortgage applications in Wisconsin in 2025, ranking #40 of 938 lenders active in the state. It originated 64.9% of them and denied 4.4% (5.4% of the applications it decided), against a statewide denial rate of 14.0%.

1.2kApplicationsin WI
5.4%Decision denial ratestate 16.4%
6.50%Median ratestate 6.63%
$255,000Median loanstate $165,000
$220MVolume54 counties

First Colony Mortgage in Wisconsin vs the state

4.4%Denial rate-9.64 pts vs state
5.4%Decision denial rate-10.98 pts vs state
64.9%Origination rate-3.21 pts vs state
6.50%Median rate-0.13 pts vs state
0.19Rate spread (pts)+0.07 pts vs state
$93kMedian applicant income
802Loans originated
54Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20241,1148603.1%6.63%#40
20251,2358024.4%6.50%#40

What First Colony Mortgage lends in Wisconsin

By loan purpose

Home purchase 913 74% · 3.7% denied
Refinance 180 15% · 1.1% denied
Cash-out refinance 142 11% · 12.7% denied

By loan type

Conventional 869 70% · 3.7% denied
FHA 250 20% · 6.8% denied
VA 85 7% · 3.5% denied
USDA / RHS 31 3% · 6.5% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 28 52%
Collateral 10 19%
Other 6 11%
Credit history 6 11%
Employment history 2 4%
Unverifiable information 1 2%
Incomplete application 1 2%

Where in Wisconsin

Counties with the most First Colony Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Brown County 3062407 2.3%
Milwaukee County 22912414 6.1%
Waukesha County 109684 3.7%
Marinette County 89562 2.2%
Outagamie County 51390 0.0%
Racine County 39222 5.1%
Washington County 34183 8.8%
Oconto County 31240 0.0%
Marathon County 26191 3.8%
Manitowoc County 24161 4.2%

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: 1,235 applications in 2025, of which 802 were originated and 54 denied.

4.4% of all applications, or 5.4% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans First Colony Mortgage originated in Wisconsin in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are First Colony 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