Largest mortgage lenders in Wisconsin
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Summit Credit Union | A | 15,483 | 11,322 | 13.8% | 6.75% |
| 2 | University of Wisconsin Credit Union | A | 11,781 | 8,766 | 13.8% | 6.50% |
| 3 | Landmark Credit Union | A | 9,393 | 6,662 | 17.7% | 6.50% |
| 4 | Rocket Mortgage | C | 7,819 | 5,736 | 18.0% | 6.63% |
| 5 | Associated Bank | B | 7,451 | 4,974 | 23.7% | 6.88% |
| 6 | BMO Bank | F | 5,202 | 2,970 | 25.3% | 8.23% |
| 7 | Educators Credit Union | B | 4,930 | 3,267 | 24.3% | 6.95% |
| 8 | U.S. Bank | D | 4,710 | 2,785 | 26.0% | 6.88% |
| 9 | Covantage Credit Union | B | 4,581 | 3,633 | 7.7% | 6.50% |
| 10 | United Shore Financial Services | B | 4,421 | 3,258 | 11.8% | 6.38% |
| 11 | Community First | A | 4,368 | 3,509 | 6.9% | 5.49% |
| 12 | Royal Credit Union | B | 3,788 | 2,893 | 9.6% | 6.75% |
| 13 | Fairway Independent Mortgage | B | 3,754 | 2,947 | 4.1% | 6.63% |
| 14 | Johnson Financial Group | A | 3,702 | 3,047 | 7.4% | 6.75% |
| 15 | Mortgage Research Center | C | 3,213 | 1,743 | 15.8% | 6.25% |
| 16 | FOX COMMUNITIES Credit Union | A | 3,040 | 2,442 | 3.9% | 6.49% |
| 17 | CAPITAL Credit Union | A | 2,892 | 2,012 | 6.5% | 6.25% |
| 18 | Guild Mortgage | A | 2,875 | 2,260 | 4.0% | 6.63% |
| 19 | Newrez | D | 2,776 | 1,295 | 16.3% | 6.50% |
| 20 | Nicolet National Bank | A | 2,608 | 2,279 | 4.0% | 7.25% |
| 21 | Marine Credit Union | F | 2,450 | 893 | 34.1% | 8.73% |
| 22 | Pennymac Loan Services | C | 2,298 | 1,253 | 12.7% | 6.38% |
| 23 | Bank First | A | 2,184 | 1,810 | 8.6% | 6.88% |
| 24 | Freedom Mortgage | B | 2,068 | 918 | 9.1% | 6.25% |
| 25 | JPMorgan Chase Bank | B | 2,051 | 1,346 | 10.2% | 6.49% |
Best approval odds in Wisconsin
Lowest decision denial rate among lenders that decided at least 300 Wisconsin applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Thompson Kane & Company | 814 | 0.9% | 6.75% |
| 2 | The Bank of New Glarus | 478 | 1.1% | 6.63% |
| 3 | A + Mortgage Services | 783 | 1.5% | 6.63% |
| 4 | Waterstone Mortgage | 406 | 2.0% | 6.63% |
| 5 | Ixonia Bank | 1,294 | 2.9% | 6.75% |
| 6 | Nations Lending | 1,035 | 2.9% | 6.63% |
| 7 | Ark-La-Tex Financial Services, LLC. | 303 | 3.3% | 6.50% |
| 8 | Coastal Community Bank | 1,122 | 3.3% | 10.99% |
| 9 | PCM Credit Union | 450 | 3.3% | 5.99% |
| 10 | CO-OP Credit Union | 387 | 3.4% | 6.55% |
Lowest median rates in Wisconsin
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | N.e.w. Credit Union | 170 | 5.49% | 1.7% |
| 2 | Lake Ridge Bank | 705 | 5.49% | 6.6% |
| 3 | Community First | 3,509 | 5.49% | 6.9% |
| 4 | Village Capital & Investment | 107 | 5.75% | 19.1% |
| 5 | Superior Choice Credit Union | 329 | 5.88% | 19.5% |
| 6 | MidWestOne Bank | 143 | 5.99% | 18.1% |
| 7 | PCM Credit Union | 433 | 5.99% | 3.1% |
| 8 | Tri City National Bank | 513 | 5.99% | 16.2% |
| 9 | LENOX FINANCIAL MORTGAGE CORPORATION, Sage Home Loans | 128 | 6.00% | 6.3% |
| 10 | UNITEDONE Credit Union | 329 | 6.00% | 12.1% |
What Wisconsin borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Wisconsin applications were denied
Wisconsin mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 185,521 | 128,180 | 14.3% | 6.88% | $135,000 | 906 |
| 2024 | 201,342 | 137,362 | 14.8% | 6.99% | $155,000 | 912 |
| 2025 | 226,965 | 154,669 | 14.0% | 6.63% | $165,000 | 938 |
Wisconsin counties
Counties with at least 200 applications in 2025, most active first.
Milwaukee County32k
Dane County21k
Waukesha County17k
Brown County9.5k
Racine County8.1k
Rock County7.2k
Outagamie County7.1k
Kenosha County6.1k
Winnebago County6.1k
Washington County5.5k
Marathon County4.7k
Walworth County4.2k
Sheboygan County4.0k
St. Croix County3.8k
Fond du Lac County3.7k
La Crosse County3.6k
Dodge County3.5k
Eau Claire County3.4k
Ozaukee County3.4k
Manitowoc County3.0k
Jefferson County2.9k
Columbia County2.7k
Sauk County2.4k
Wood County2.1k
Chippewa County2.1k
Waupaca County2.0k
Polk County1.9k
Calumet County1.9k
Portage County1.8k
Oconto County1.7k
Barron County1.7k
Marinette County1.6k
Douglas County1.6k
Shawano County1.5k
Monroe County1.4k
Oneida County1.4k
Dunn County1.4k
Pierce County1.3k
Green County1.3k
Door County1.2k
Grant County1.2k
Vilas County1.0k
Adams County1.0k
Waushara County973
Lincoln County889
Clark County859
Langlade County840
Juneau County830
Iowa County735
Vernon County709
Marquette County690
Trempealeau County668
Kewaunee County664
Sawyer County602
Green Lake County600
Burnett County573
Jackson County537
Bayfield County512
Washburn County492
Taylor County465
Ashland County414
Rusk County383
Lafayette County373
Price County366
Forest County361
Richland County354
Crawford County332
Buffalo County276
Frequently asked questions
14.0% of mortgage applications in Wisconsin were denied in 2025 (16.4% of applications that reached a decision). Nationally the rate was 18.0%.
Summit Credit Union handled the most applications in Wisconsin in 2025: 15,483, with a denial rate of 13.8%.
Among lenders that decided at least 300 applications in Wisconsin, Thompson Kane & Company had the lowest decision denial rate at 0.9%.
The median interest rate on loans originated in Wisconsin in 2025 was 6.63%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.