Newrez · Wisconsin · 2025

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

Newrez took 2,776 mortgage applications in Wisconsin in 2025, ranking #19 of 938 lenders active in the state. It originated 46.7% of them and denied 16.3% (25.6% of the applications it decided), against a statewide denial rate of 14.0%.

2.8kApplicationsin WI
25.6%Decision denial ratestate 16.4%
6.50%Median ratestate 6.63%
$235,000Median loanstate $165,000
$385MVolume70 counties

Newrez in Wisconsin vs the state

16.3%Denial rate+2.27 pts vs state
25.6%Decision denial rate+9.19 pts vs state
46.7%Origination rate-21.50 pts vs state
6.50%Median rate-0.13 pts vs state
0.17Rate spread (pts)+0.05 pts vs state
$103kMedian applicant income
1,295Loans originated
452Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,39174217.1%6.63%#26
20242,1711,12415.9%6.75%#21
20252,7761,29516.3%6.50%#19

What Newrez lends in Wisconsin

By loan purpose

Home purchase 637 23% · 9.6% denied
Refinance 911 33% · 10.8% denied
Cash-out refinance 1,211 44% · 23.8% denied
Home improvement 15 1% · 26.7% denied
Other / HELOC 2 0% · 50.0% denied

By loan type

Conventional 1,918 69% · 14.9% denied
FHA 485 17% · 29.1% denied
VA 371 13% · 6.7% denied
USDA / RHS 2 0% · 0.0% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 228 50%
Credit history 79 17%
Collateral 55 12%
Unverifiable information 47 10%
Other 22 5%
Insufficient cash 14 3%
Employment history 6 1%
Incomplete application 1 0%

Where in Wisconsin

Counties with the most Newrez applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 553247115 20.8%
Waukesha County 41024654 13.2%
Dane County 1849017 9.2%
Washington County 1438114 9.8%
Racine County 1216021 17.4%
Rock County 863417 19.8%
Kenosha County 793411 13.9%
Walworth County 754010 13.3%
Ozaukee County 754510 13.3%
Fond du Lac County 692915 21.7%

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: 2,776 applications in 2025, of which 1,295 were originated and 452 denied.

16.3% of all applications, or 25.6% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

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

About this data. Figures are Newrez'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