Waukesha State Bank · Wisconsin · 2025

Waukesha State Bank in Wisconsin: approval rate, denial rate and rates (2025)

Waukesha State Bank took 915 mortgage applications in Wisconsin in 2025, ranking #54 of 938 lenders active in the state. It originated 81.2% of them and denied 7.1% (7.7% of the applications it decided), against a statewide denial rate of 14.0%.

915Applicationsin WI
7.7%Decision denial ratestate 16.4%
6.75%Median ratestate 6.63%
$215,000Median loanstate $165,000
$294MVolume26 counties

Waukesha State Bank in Wisconsin vs the state

7.1%Denial rate-6.91 pts vs state
7.7%Decision denial rate-8.66 pts vs state
81.2%Origination rate+13.05 pts vs state
6.75%Median rate+0.13 pts vs state
0.19Rate spread (pts)+0.07 pts vs state
$143kMedian applicant income
743Loans originated
65Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
202391172410.5%7.25%#41
20248897128.3%7.25%#51
20259157437.1%6.75%#54

What Waukesha State Bank lends in Wisconsin

By loan purpose

Home purchase 382 42% · 2.4% denied
Refinance 221 24% · 5.9% denied
Cash-out refinance 48 5% · 6.3% denied
Home improvement 190 21% · 11.6% denied
Other / HELOC 74 8% · 24.3% denied

By loan type

Conventional 904 99% · 7.2% denied
FHA 7 1% · 0.0% denied
VA 4 0% · 0.0% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 48 74%
Credit history 10 15%
Other 6 9%
Insufficient cash 1 2%

Where in Wisconsin

Counties with the most Waukesha State Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Waukesha County 59548344 7.4%
Milwaukee County 128979 7.0%
Washington County 52461 1.9%
Racine County 27195 18.5%
Ozaukee County 23182 8.7%
Walworth County 20152 10.0%
Dodge County 20191 5.0%
Jefferson County 1391 7.7%
Winnebago County 10100 0.0%
Kenosha County 440 0.0%

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: 915 applications in 2025, of which 743 were originated and 65 denied.

7.1% of all applications, or 7.7% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Waukesha State Bank originated in Wisconsin in 2025 was 6.75%, against a statewide median of 6.63%.

About this data. Figures are Waukesha State 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