Nicolet National Bank · Wisconsin · 2025

Nicolet National Bank in Wisconsin: approval rate, denial rate and rates (2025)

Nicolet National Bank took 2,608 mortgage applications in Wisconsin in 2025, ranking #20 of 938 lenders active in the state. It originated 87.4% of them and denied 4.0% (4.3% of the applications it decided), against a statewide denial rate of 14.0%.

2.6kApplicationsin WI
4.3%Decision denial ratestate 16.4%
7.25%Median ratestate 6.63%
$205,000Median loanstate $165,000
$630MVolume59 counties

Nicolet National Bank in Wisconsin vs the state

4.0%Denial rate-10.02 pts vs state
4.3%Decision denial rate-12.05 pts vs state
87.4%Origination rate+19.23 pts vs state
7.25%Median rate+0.63 pts vs state
0.29Rate spread (pts)+0.17 pts vs state
$129kMedian applicant income
2,279Loans originated
104Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,2151,9445.2%7.99%#19
20242,5222,1924.4%7.88%#19
20252,6082,2794.0%7.25%#20

What Nicolet National Bank lends in Wisconsin

By loan purpose

Home purchase 1,392 53% · 1.4% denied
Refinance 410 16% · 7.6% denied
Cash-out refinance 90 3% · 7.8% denied
Home improvement 434 17% · 5.8% denied
Other / HELOC 282 11% · 7.5% denied

By loan type

Conventional 2,608 100% · 4.0% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 62 60%
Credit history 29 28%
Collateral 7 7%
Other 4 4%
Insufficient cash 1 1%
Incomplete application 1 1%

Where in Wisconsin

Counties with the most Nicolet National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Brown County 52747218 3.4%
Door County 29826411 3.7%
Outagamie County 2482216 2.4%
Marathon County 1961833 1.5%
Winnebago County 1881637 3.7%
Vilas County 14912412 8.1%
Oneida County 1441205 3.5%
Eau Claire County 108914 3.7%
Kewaunee County 89777 7.9%
Marinette County 66553 4.5%

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: 2,608 applications in 2025, of which 2,279 were originated and 104 denied.

4.0% of all applications, or 4.3% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Nicolet National Bank originated in Wisconsin in 2025 was 7.25%, against a statewide median of 6.63%.

About this data. Figures are Nicolet National Bank'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