Wisconsin Mortgage · Wisconsin · 2025

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

Wisconsin Mortgage took 502 mortgage applications in Wisconsin in 2025, ranking #86 of 938 lenders active in the state. It originated 77.7% of them and denied 5.2% (6.3% of the applications it decided), against a statewide denial rate of 14.0%.

502Applicationsin WI
6.3%Decision denial ratestate 16.4%
6.50%Median ratestate 6.63%
$285,000Median loanstate $165,000
$118MVolume27 counties

Wisconsin Mortgage in Wisconsin vs the state

5.2%Denial rate-8.83 pts vs state
6.3%Decision denial rate-10.11 pts vs state
77.7%Origination rate+9.54 pts vs state
6.50%Median rate-0.13 pts vs state
0.07Rate spread (pts)-0.05 pts vs state
$105kMedian applicant income
390Loans originated
26Denied

Trend in Wisconsin

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234643566.7%6.63%#81
20245524039.6%6.63%#74
20255023905.2%6.50%#86

What Wisconsin Mortgage lends in Wisconsin

By loan purpose

Home purchase 424 84% · 4.5% denied
Refinance 64 13% · 6.3% denied
Cash-out refinance 12 2% · 25.0% denied
Home improvement 2 0% · 0.0% denied

By loan type

Conventional 414 82% · 4.1% denied
FHA 67 13% · 13.4% denied
VA 21 4% · 0.0% denied

Why it denied Wisconsin applicants

Debt-to-income ratio 8 31%
Collateral 7 27%
Incomplete application 5 19%
Other 2 8%
Insufficient cash 2 8%
Credit history 1 4%
Unverifiable information 1 4%

Where in Wisconsin

Counties with the most Wisconsin Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Milwaukee County 1721327 4.1%
Waukesha County 104860 0.0%
Racine County 49385 10.2%
Washington County 33301 3.0%
Walworth County 26174 15.4%
Rock County 18122 11.1%
Kenosha County 16140 0.0%
Ozaukee County 1482 14.3%
Jefferson County 13111 7.7%
Dodge County 13120 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: 502 applications in 2025, of which 390 were originated and 26 denied.

5.2% of all applications, or 6.3% of the applications it actually decided on. The Wisconsin statewide average across all lenders was 14.0%.

The median rate on loans Wisconsin Mortgage originated in Wisconsin in 2025 was 6.50%, against a statewide median of 6.63%.

About this data. Figures are Wisconsin Mortgage'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