Milwaukee County, Wisconsin · 2025

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

474 lenders acted on 31,922 mortgage applications for properties in Milwaukee County in 2025. 19.4% were denied (Wisconsin: 14.0%). Median rate on closed loans 6.75%; median loan $155,000; median property value $295,000.

32kApplications
19.4%Denial ratestate 14.0%
6.75%Median ratestate 6.63%
$155,000Median loan
$295,000Median property value

Largest lenders in Milwaukee County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Landmark Credit Union A 3,3502,165 23.4%6.50%
2 University of Wisconsin Credit Union A 2,3301,574 20.1%6.60%
3 Educators Credit Union B 1,8651,094 31.5%6.88%
4 Summit Credit Union A 1,8061,119 24.5%6.88%
5 Rocket Mortgage C 1,082773 19.8%6.63%
6 BMO Bank F 970526 29.3%8.13%
7 Associated Bank B 867554 24.9%6.63%
8 United Shore Financial Services B 793564 14.1%6.60%
9 Fairway Independent Mortgage B 660533 3.2%6.75%
10 U.S. Bank D 577248 41.3%7.00%
11 Newrez D 553247 20.8%6.49%
12 Ixonia Bank C 544388 1.7%6.75%
13 JPMorgan Chase Bank B 487318 11.3%6.49%
14 Johnson Financial Group A 462361 11.7%6.60%
15 North Shore Bank C 456265 35.1%6.88%
16 Bank Five Nine A 393304 4.6%6.63%
17 Pennymac Loan Services C 392191 10.0%6.50%
18 The Huntington National Bank D 388216 25.8%7.00%
19 Tri City National Bank A 371264 15.1%5.99%
20 Marine Credit Union F 368111 42.1%9.13%
21 Guild Mortgage A 351261 5.4%6.63%
22 Mortgage Research Center C 321169 17.5%6.25%
23 Kiavi Funding D 312192 9.6%9.95%
24 Freedom Mortgage B 305112 11.2%6.25%
25 CMG Mortgage A 305218 5.3%6.63%

Best approval odds in Milwaukee County

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

What Milwaukee County borrowers applied for

By loan purpose

Home purchase 12,022 38% · 8.5% denied
Refinance 5,466 17% · 16.0% denied
Cash-out refinance 5,989 19% · 24.2% denied
Home improvement 4,130 13% · 31.3% denied
Other / HELOC 4,315 14% · 36.3% denied

By loan type

Conventional 27,425 86% · 19.4% denied
FHA 3,252 10% · 21.8% denied
VA 1,209 4% · 14.6% denied
USDA / RHS 36 0% · 5.6% denied

Why applications were denied

Debt-to-income ratio 1,926 31%
Credit history 1,617 26%
Incomplete application 883 14%
Collateral 864 14%
Other 483 8%
Unverifiable information 225 4%
Insufficient cash 110 2%
Employment history 72 1%
Mortgage insurance denied 1 0%

Milwaukee County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202326,63216,45619.9%6.88%$125,000
202428,92117,57720.6%7.00%$135,000
202531,92219,38319.4%6.75%$155,000

Frequently asked questions

19.4% of applications in Milwaukee County were denied in 2025, against 14.0% statewide in Wisconsin.

Landmark Credit Union, with 3,350 applications in 2025 and a denial rate of 23.4%.

The median mortgage application in Milwaukee County in 2025 was for $155,000; the median property value on originated loans was $295,000.