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Manitowoc County, Wisconsin · 2025

Mortgage lenders in Manitowoc County, WI: denial rates and top lenders (2025)

206 lenders acted on 3,226 mortgage applications for properties in Manitowoc County in 2025. 13.1% were denied (Wisconsin: 14.0%). Median rate on closed loans 6.50%; median loan $135,000; median property value $245,000.

3.2kApplications
13.1%Denial ratestate 14.0%
6.50%Median ratestate 6.63%
$135,000Median loan
$245,000Median property value

Largest lenders in Manitowoc County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Bank First A 302254 8.6%6.95%
2 UNITEDONE Credit Union B 289218 10.4%6.00%
3 Community First A 267199 13.1%5.49%
4 Kohler Credit Union B 233185 7.3%6.88%
5 FOX COMMUNITIES Credit Union A 189150 4.8%6.50%
6 Shoreline Credit Union C 146115 8.2%6.63%
7 Associated Bank B 12693 15.9%6.63%
8 Rocket Mortgage C 11573 32.2%6.88%
9 U.S. Bank D 9757 24.7%7.38%
10 Mortgage Research Center C 6743 9.0%6.25%
11 United Shore Financial Services B 6141 6.6%6.13%
12 Marine Credit Union F 4918 34.7%9.26%
13 Nicolet National Bank A 4131 9.8%7.50%
14 BMO Bank F 4018 32.5%7.88%
15 Collins State Bank A 3836 2.6%—
16 Broker Solutions D 3517 2.9%6.88%
17 Guild Mortgage A 3423 11.8%6.75%
18 Johnson Financial Group A 3028 3.3%6.78%
19 Guaranteed Rate B 3018 10.0%6.59%
20 Freedom Mortgage B 3015 0.0%6.25%
21 Pennymac Loan Services C 2915 6.9%6.38%
22 CAPITAL Credit Union A 2819 14.3%6.25%
23 Newrez D 2611 26.9%6.38%
24 University of Wisconsin Credit Union A 2618 15.4%6.88%
25 Fairway Independent Mortgage B 2420 12.5%7.00%

Best approval odds in Manitowoc County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1FOX COMMUNITIES Credit Union1874.8%
2Kohler Credit Union2048.3%
3Bank First2879.1%
4Shoreline Credit Union1289.4%
5UNITEDONE Credit Union26311.4%
6Mortgage Research Center5111.8%
7Community First23415.0%
8Associated Bank11417.5%
9U.S. Bank8229.3%
10Rocket Mortgage11133.3%

What Manitowoc County borrowers applied for

By loan purpose

Home purchase 1,186 37% · 7.3% denied
Refinance 750 23% · 11.2% denied
Cash-out refinance 488 15% · 20.7% denied
Home improvement 398 12% · 16.3% denied
Other / HELOC 404 13% · 21.8% denied

By loan type

Conventional 2,742 85% · 12.6% denied
FHA 222 7% · 21.6% denied
VA 253 8% · 12.3% denied
USDA / RHS 9 0% · 11.1% denied

Why applications were denied

Debt-to-income ratio 126 30%
Credit history 105 25%
Collateral 73 17%
Incomplete application 64 15%
Other 30 7%
Insufficient cash 9 2%
Unverifiable information 7 2%
Employment history 6 1%

Manitowoc County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20232,2511,62011.8%6.88%$105,000
20242,9242,00513.3%6.78%$115,000
20253,2262,25313.1%6.50%$135,000

Frequently asked questions

13.1% of applications in Manitowoc County were denied in 2025, against 14.0% statewide in Wisconsin.

Bank First, with 302 applications in 2025 and a denial rate of 8.6%.

The median mortgage application in Manitowoc County in 2025 was for $135,000; the median property value on originated loans was $245,000.