U.S. Bank · Wisconsin · 2025

U.S. Bank in Wisconsin: approval rate, denial rate and rates (2025)

U.S. Bank took 4,710 mortgage applications in Wisconsin in 2025, ranking #8 of 938 lenders active in the state. It originated 59.1% of them and denied 26.0% (29.9% of the applications it decided), against a statewide denial rate of 14.0%.

4.7kApplicationsin WI
29.9%Decision denial ratestate 16.4%
6.88%Median ratestate 6.63%
$135,000Median loanstate $165,000
$637MVolume71 counties

U.S. Bank in Wisconsin vs the state

26.0%Denial rate+11.96 pts vs state
29.9%Decision denial rate+13.57 pts vs state
59.1%Origination rate-9.02 pts vs state
6.88%Median rate+0.25 pts vs state
0.43Rate spread (pts)+0.31 pts vs state
$100kMedian applicant income
2,785Loans originated
1,223Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234,4682,56428.0%7.63%#7
20244,6412,74526.6%7.13%#8
20254,7102,78526.0%6.88%#8

What U.S. Bank lends in Wisconsin

By loan purpose

Home purchase 1,621 34% · 12.8% denied
Refinance 432 9% · 10.2% denied
Cash-out refinance 627 13% · 16.6% denied
Home improvement 1,020 22% · 38.7% denied
Other / HELOC 1,010 21% · 46.8% denied

By loan type

Conventional 4,509 96% · 26.4% denied
FHA 104 2% · 23.1% denied
VA 85 2% · 9.4% denied
USDA / RHS 12 0% · 16.7% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 463 38%
Collateral 348 28%
Credit history 291 24%
Other 62 5%
Unverifiable information 34 3%
Insufficient cash 14 1%
Incomplete application 7 1%
Employment history 4 0%

Where in Wisconsin

Counties with the most U.S. Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 577248238 41.2%
Waukesha County 43427398 22.6%
Dane County 28617861 21.3%
Brown County 18411646 25.0%
Sheboygan County 18412526 14.1%
Fond du Lac County 18112230 16.6%
Portage County 17913620 11.2%
Kenosha County 1628161 37.7%
Winnebago County 16211529 17.9%
Marathon County 1549937 24.0%

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%
Covantage Credit UnionB 4,5817.7%6.50%
United Shore Financial ServicesB 4,42111.8%6.38%
Community FirstA 4,3686.9%5.49%

Frequently asked questions

Wisconsin: 4,710 applications in 2025, of which 2,785 were originated and 1,223 denied.

26.0% of all applications, or 29.9% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans U.S. Bank originated in Wisconsin in 2025 was 6.88%, against a statewide median of 6.63%.

About this data. Figures are U.S. 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