NexBank · Wisconsin · 2025

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

NexBank took 97 mortgage applications in Wisconsin in 2025, ranking #259 of 938 lenders active in the state. It originated 77.3% of them and denied 6.2% (7.3% of the applications it decided), against a statewide denial rate of 14.0%.

97Applicationsin WI
7.3%Decision denial ratestate 16.4%
6.63%Median ratestate 6.63%
$265,000Median loanstate $165,000
$23MVolume32 counties

NexBank in Wisconsin vs the state

6.2%Denial rate-7.82 pts vs state
7.3%Decision denial rate-9.04 pts vs state
77.3%Origination rate+9.17 pts vs state
6.63%Median rate0.00 pts vs state
0.28Rate spread (pts)+0.16 pts vs state
$82kMedian applicant income
75Loans originated
6Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023111866.3%7.00%#202
20242311945.6%6.63%#127
202597756.2%6.63%#259

What NexBank lends in Wisconsin

By loan purpose

Home purchase 79 81% · 7.6% denied
Refinance 10 10% · 0.0% denied
Cash-out refinance 5 5% · 0.0% denied
Other / HELOC 3 3% · 0.0% denied

By loan type

Conventional 91 94% · 5.5% denied
FHA 3 3% · 33.3% denied
VA 3 3% · 0.0% denied

Why it denied Wisconsin applicants

Collateral 3 50%
Debt-to-income ratio 2 33%
Employment history 1 17%

Where in Wisconsin

Counties with the most NexBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Outagamie County 1182 18.2%
Milwaukee County 1070 0.0%
Waukesha County 980 0.0%
Brown County 851 12.5%
Waupaca County 541 20.0%
Vilas County 430 0.0%
Washington County 430 0.0%
St. Croix County 421 25.0%
Winnebago County 430 0.0%
Waushara County 330 0.0%

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: 97 applications in 2025, of which 75 were originated and 6 denied.

6.2% of all applications, or 7.3% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

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

About this data. Figures are NexBank'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