Heartland Credit Union (Madison) · Wisconsin · 2025

Heartland Credit Union (Madison) in Wisconsin: approval rate, denial rate and rates (2025)

Heartland Credit Union (Madison) took 652 mortgage applications in Wisconsin in 2025, ranking #74 of 938 lenders active in the state. It originated 69.9% of them and denied 7.8% (10.0% of the applications it decided), against a statewide denial rate of 14.0%.

652Applicationsin WI
10.0%Decision denial ratestate 16.4%
6.99%Median ratestate 6.63%
$75,000Median loanstate $165,000
$62MVolume35 counties

Heartland Credit Union (Madison) in Wisconsin vs the state

7.8%Denial rate-6.19 pts vs state
10.0%Decision denial rate-6.36 pts vs state
69.9%Origination rate+1.79 pts vs state
6.99%Median rate+0.37 pts vs state
0.12Rate spread (pts)0.00 pts vs state
$106kMedian applicant income
456Loans originated
51Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235954797.6%4.99%#65
20245244107.1%7.99%#77
20256524567.8%6.99%#74

What Heartland Credit Union (Madison) lends in Wisconsin

By loan purpose

Home purchase 139 21% · 5.0% denied
Refinance 57 9% · 7.0% denied
Cash-out refinance 57 9% · 1.8% denied
Home improvement 216 33% · 7.4% denied
Other / HELOC 183 28% · 12.6% denied

By loan type

Conventional 652 100% · 7.8% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 20 39%
Credit history 11 22%
Collateral 11 22%
Other 6 12%
Employment history 1 2%
Insufficient cash 1 2%
Incomplete application 1 2%

Where in Wisconsin

Counties with the most Heartland Credit Union (Madison) applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Dane County 33925025 7.4%
Grant County 84636 7.1%
Iowa County 58316 10.3%
Rock County 32192 6.3%
Columbia County 28186 21.4%
Green County 17111 5.9%
Sauk County 16101 6.3%
Lafayette County 1180 0.0%
Jefferson County 1071 10.0%
Richland County 851 12.5%

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: 652 applications in 2025, of which 456 were originated and 51 denied.

7.8% of all applications, or 10.0% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Heartland Credit Union (Madison) originated in Wisconsin in 2025 was 6.99%, against a statewide median of 6.63%.

About this data. Figures are Heartland Credit Union (Madison)'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