Simplicity · Wisconsin · 2025

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

Simplicity took 738 mortgage applications in Wisconsin in 2025, ranking #69 of 938 lenders active in the state. It originated 72.0% of them and denied 11.5% (13.7% of the applications it decided), against a statewide denial rate of 14.0%.

738Applicationsin WI
13.7%Decision denial ratestate 16.4%
7.00%Median ratestate 6.63%
$85,000Median loanstate $165,000
$66MVolume30 counties

Simplicity in Wisconsin vs the state

11.5%Denial rate-2.49 pts vs state
13.7%Decision denial rate-2.65 pts vs state
72.0%Origination rate+3.80 pts vs state
7.00%Median rate+0.38 pts vs state
0.28Rate spread (pts)+0.16 pts vs state
$82kMedian applicant income
531Loans originated
85Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20236755077.4%6.50%#56
20246484937.9%7.00%#67
202573853111.5%7.00%#69

What Simplicity lends in Wisconsin

By loan purpose

Home purchase 229 31% · 8.7% denied
Refinance 172 23% · 13.4% denied
Cash-out refinance 16 2% · 6.3% denied
Home improvement 171 23% · 9.4% denied
Other / HELOC 150 20% · 16.7% denied

By loan type

Conventional 738 100% · 11.5% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 56 66%
Credit history 13 15%
Other 6 7%
Unverifiable information 6 7%
Collateral 3 4%
Incomplete application 1 1%

Where in Wisconsin

Counties with the most Simplicity applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Wood County 23918620 8.4%
Clark County 1428625 17.6%
Portage County 1299711 8.5%
Marathon County 103776 5.8%
Winnebago County 30194 13.3%
Outagamie County 1895 27.8%
Waupaca County 17125 29.4%
Fond du Lac County 640 0.0%
Brown County 641 16.7%
Jackson County 633 50.0%

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: 738 applications in 2025, of which 531 were originated and 85 denied.

11.5% of all applications, or 13.7% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Simplicity originated in Wisconsin in 2025 was 7.00%, against a statewide median of 6.63%.

About this data. Figures are Simplicity'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