Waukesha State Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the B grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
59th7.8% deniedPricingmedian rate spread over APOR, weight 30%
61st0.19 ptsProcesswithdrawn + incomplete share, weight 15%
68th7.7%Closing coststotal loan costs ÷ loan amount, weight 10%
80th1.13% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 915 | 728 | 10.5% | 11.2% | 7.25% | $234M |
| 2024 | 894 | 717 | 8.3% | 8.9% | 7.25% | $230M |
| 2025 | 918 | 745 | 7.2% | 7.8% | 6.75% | $294M |
What Waukesha State Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 275 home-equity lines, 0 reverse mortgages, 0 manufactured homes, 62 investment properties.
Why Waukesha State Bank denies applications
Primary reason reported for each of the 66 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Waukesha State Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 44 | 28 | 25.6% |
| $50k – $100k | 212 | 154 | 14.4% |
| $100k – $150k | 198 | 160 | 5.0% |
| $150k – $250k | 219 | 188 | 4.9% |
| Over $250k | 182 | 157 | 3.5% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 172 | 146 | 5.2% |
| 35–44 | 211 | 169 | 6.2% |
| 45–54 | 167 | 132 | 10.3% |
| 55–64 | 161 | 125 | 10.7% |
| 65–74 | 108 | 91 | 7.7% |
| Over 74 | 38 | 31 | 8.6% |
Where Waukesha State Bank lends
4 states and 29 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Wisconsin | 915 | 743 | 7.1% | 6.75% | #54 |
Frequently asked questions
Waukesha State Bank denied 7.8% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 59th percentile of small mortgage lenders.
The most common reason Waukesha State Bank gave in 2025 was "debt-to-income ratio", cited on 74.2% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Waukesha State Bank originated in 2025 was 6.75%, and its median rate spread over the average prime offer rate was 0.19 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 42% of its applications were for home purchases, 29% for refinancing (including cash-out), and 29% for home improvement or other purposes. By loan type: 99% conventional, 1% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.