Sofi Bank in Wisconsin vs the state
8.7%Denial rate-5.33 pts vs state
19.9%Decision denial rate+3.58 pts vs state
34.4%Origination rate-33.78 pts vs state
7.50%Median rate+0.88 pts vs state
1.73Rate spread (pts)+1.61 pts vs state
$117kMedian applicant income
277Loans originated
70Denied
Trend in Wisconsin
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 89 | 33 | 14.6% | 7.13% | #233 |
| 2024 | 228 | 94 | 17.1% | 6.88% | #130 |
| 2025 | 806 | 277 | 8.7% | 7.50% | #63 |
What Sofi Bank lends in Wisconsin
By loan purpose
By loan type
Why it denied Wisconsin applicants
Where in Wisconsin
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Milwaukee County | 116 | 32 | 9 | 7.8% |
| Dane County | 83 | 28 | 6 | 7.2% |
| Waukesha County | 75 | 32 | 6 | 8.0% |
| Kenosha County | 35 | 10 | 4 | 11.4% |
| Racine County | 30 | 13 | 2 | 6.7% |
| Rock County | 29 | 7 | 2 | 6.9% |
| Outagamie County | 28 | 10 | 4 | 14.3% |
| Brown County | 24 | 15 | 2 | 8.3% |
| Washington County | 24 | 8 | 2 | 8.3% |
| St. Croix County | 22 | 11 | 2 | 9.1% |
Other large lenders in Wisconsin
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Summit Credit Union | A | 15,483 | 13.8% | 6.75% |
| University of Wisconsin Credit Union | A | 11,781 | 13.8% | 6.50% |
| Landmark Credit Union | A | 9,393 | 17.7% | 6.50% |
| Rocket Mortgage | C | 7,819 | 18.0% | 6.63% |
| Associated Bank | B | 7,451 | 23.7% | 6.88% |
| BMO Bank | F | 5,202 | 25.3% | 8.23% |
| Educators Credit Union | B | 4,930 | 24.3% | 6.95% |
| U.S. Bank | D | 4,710 | 26.0% | 6.88% |
| Covantage Credit Union | B | 4,581 | 7.7% | 6.50% |
| United Shore Financial Services | B | 4,421 | 11.8% | 6.38% |
Frequently asked questions
Wisconsin: 806 applications in 2025, of which 277 were originated and 70 denied.
8.7% of all applications, or 19.9% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.
The median rate on loans Sofi Bank originated in Wisconsin in 2025 was 7.50%, against a statewide median of 6.63%.
About this data. Figures are Sofi 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