Horicon Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
62nd7.2% deniedPricingmedian rate spread over APOR, weight 30%
62nd0.18 ptsProcesswithdrawn + incomplete share, weight 15%
45th12.5%Closing coststotal loan costs ÷ loan amount, weight 10%
88th0.88% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 547 | 463 | 7.3% | 7.9% | 6.95% | $105M |
| 2024 | 474 | 393 | 7.6% | 8.3% | 7.00% | $87M |
| 2025 | 527 | 424 | 6.3% | 7.2% | 6.75% | $99M |
What Horicon Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 1 home-equity lines, 0 reverse mortgages, 3 manufactured homes, 104 investment properties.
Why Horicon Bank denies applications
Primary reason reported for each of the 33 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Horicon Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 41 | 26 | 18.8% |
| $50k – $100k | 143 | 121 | 9.0% |
| $100k – $150k | 122 | 95 | 7.6% |
| $150k – $250k | 91 | 70 | 4.0% |
| Over $250k | 56 | 40 | 7.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 30 | 25 | 10.7% |
| 25–34 | 96 | 72 | 8.9% |
| 35–44 | 103 | 82 | 4.7% |
| 45–54 | 84 | 65 | 8.3% |
| 55–64 | 77 | 60 | 7.5% |
| 65–74 | 56 | 45 | 8.0% |
Where Horicon Bank lends
1 states and 43 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Wisconsin | 527 | 424 | 6.3% | 6.75% | #83 |
Frequently asked questions
Horicon Bank denied 7.2% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 62nd percentile of small mortgage lenders.
The most common reason Horicon Bank gave in 2025 was "credit history", cited on 51.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Horicon Bank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.18 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 56% of its applications were for home purchases, 28% for refinancing (including cash-out), and 16% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.