Largest lenders in Polk County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Royal Credit Union | B | 337 | 243 | 9.2% | 6.88% |
| 2 | WESTCONSIN Credit Union | C | 175 | 123 | 15.4% | 7.25% |
| 3 | Crosscountry Mortgage | B | 119 | 89 | 3.4% | 6.75% |
| 4 | Rocket Mortgage | C | 96 | 67 | 22.9% | 6.75% |
| 5 | Loandepot.Com | D | 76 | 49 | 15.8% | 6.63% |
| 6 | U.S. Bank | D | 69 | 36 | 27.5% | 6.75% |
| 7 | MidWestOne Bank | A | 52 | 38 | 21.2% | 5.99% |
| 8 | Hiawatha National Bank | A | 51 | 47 | 0.0% | — |
| 9 | United Shore Financial Services | B | 51 | 40 | 11.8% | 6.19% |
| 10 | Bell Bank | A | 44 | 38 | 6.8% | 6.69% |
| 11 | Compeer Financial, Flca | C | 43 | 30 | 7.0% | 6.81% |
| 12 | Frandsen Bank & Trust | B | 40 | 22 | 15.0% | 6.50% |
| 13 | Mortgage Research Center | C | 37 | 19 | 10.8% | 6.13% |
| 14 | Freedom Mortgage | B | 32 | 12 | 15.6% | 6.25% |
| 15 | Pennymac Loan Services | C | 31 | 20 | 6.5% | 6.13% |
| 16 | Guaranteed Rate | B | 24 | 17 | 4.2% | 6.75% |
| 17 | Old National Bank | B | 23 | 16 | 21.7% | 6.44% |
| 18 | Newrez | D | 22 | 12 | 18.2% | 6.38% |
| 19 | Associated Bank | B | 20 | 14 | 20.0% | 6.63% |
| 20 | Zippy Loans | D | 20 | 10 | 10.0% | 8.00% |
| 21 | Trustone Financial Credit Union | C | 20 | 14 | 20.0% | 7.38% |
| 22 | Pillar Bank | – | 19 | 10 | 15.8% | — |
| 23 | Broker Solutions | D | 19 | 6 | 0.0% | 7.13% |
| 24 | Coastal Community Bank | C | 19 | 4 | 10.5% | 9.74% |
| 25 | Triad Financial Services | D | 18 | 4 | 44.4% | 9.26% |
Best approval odds in Polk County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Crosscountry Mortgage | 96 | 4.2% |
| 2 | Royal Credit Union | 288 | 10.8% |
| 3 | WESTCONSIN Credit Union | 152 | 17.8% |
| 4 | Loandepot.Com | 61 | 19.7% |
| 5 | Rocket Mortgage | 91 | 24.2% |
| 6 | U.S. Bank | 55 | 34.6% |
What Polk County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Polk County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,674 | 1,086 | 15.2% | 7.13% | $145,000 |
| 2024 | 1,777 | 1,162 | 16.5% | 7.00% | $165,000 |
| 2025 | 2,159 | 1,414 | 15.0% | 6.75% | $185,000 |
Frequently asked questions
15.0% of applications in Polk County were denied in 2025, against 14.0% statewide in Wisconsin.
Royal Credit Union, with 337 applications in 2025 and a denial rate of 9.2%.
The median mortgage application in Polk County in 2025 was for $185,000; the median property value on originated loans was $335,000.