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Racine County, Wisconsin · 2025

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

323 lenders acted on 8,447 mortgage applications for properties in Racine County in 2025. 17.1% were denied (Wisconsin: 14.0%). Median rate on closed loans 6.75%; median loan $155,000; median property value $320,000.

8.4kApplications
17.1%Denial ratestate 14.0%
6.75%Median ratestate 6.63%
$155,000Median loan
$320,000Median property value

Largest lenders in Racine County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Educators Credit Union B 1,383995 19.7%6.95%
2 Landmark Credit Union A 718510 18.0%6.50%
3 Johnson Financial Group A 403325 6.5%6.88%
4 Rocket Mortgage C 320244 18.8%6.63%
5 Summit Credit Union A 266181 19.6%7.00%
6 North Shore Bank C 184117 28.8%7.00%
7 Fairway Independent Mortgage B 181145 3.9%6.63%
8 BMO Bank F 170100 28.2%8.39%
9 United Shore Financial Services B 166100 15.7%6.13%
10 Associated Bank B 16397 32.5%6.88%
11 Tri City National Bank A 14789 19.7%5.99%
12 University of Wisconsin Credit Union A 143108 17.5%6.50%
13 American Pacific Mortgage C 136110 3.7%6.75%
14 JPMorgan Chase Bank B 13088 12.3%6.50%
15 U.S. Bank D 12956 40.3%7.98%
16 Bank Five Nine A 12699 0.8%6.38%
17 Mortgage Research Center C 12261 15.6%6.13%
18 Newrez D 12160 17.4%6.75%
19 Pennymac Loan Services C 10047 21.0%6.49%
20 Guild Mortgage A 9375 3.2%6.50%
21 Marine Credit Union F 8422 36.9%9.56%
22 Broker Solutions D 8325 13.3%6.99%
23 Freedom Mortgage B 8235 6.1%6.25%
24 Trustone Financial Credit Union C 7953 13.9%6.74%
25 Navy Federal Credit Union D 7448 13.5%6.69%

Best approval odds in Racine County

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

#LenderDecidedDecision denial rate
1Bank Five Nine1080.9%
2Gateway Mortgage591.7%
3Guild Mortgage793.8%
4American Pacific Mortgage1154.4%
5Fairway Independent Mortgage1524.6%
6Barrington Bank & Trust Company515.9%
7Coastal Community Bank515.9%
8Johnson Financial Group3846.8%
9Community State Bank667.6%
10Dhi Mortgage Company5714.0%

What Racine County borrowers applied for

By loan purpose

Home purchase 2,983 35% · 7.5% denied
Refinance 1,293 15% · 13.0% denied
Cash-out refinance 1,759 21% · 20.6% denied
Home improvement 886 10% · 24.4% denied
Other / HELOC 1,526 18% · 31.1% denied

By loan type

Conventional 7,055 84% · 17.1% denied
FHA 838 10% · 20.2% denied
VA 549 6% · 12.6% denied
USDA / RHS 5 0% · 20.0% denied

Why applications were denied

Debt-to-income ratio 478 33%
Credit history 353 25%
Incomplete application 259 18%
Collateral 181 13%
Other 92 6%
Unverifiable information 42 3%
Insufficient cash 24 2%
Employment history 9 1%

Racine County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20237,1824,73518.1%6.95%$115,000
20247,7044,95318.9%7.00%$145,000
20258,4475,49017.1%6.75%$155,000

Frequently asked questions

17.1% of applications in Racine County were denied in 2025, against 14.0% statewide in Wisconsin.

Educators Credit Union, with 1,383 applications in 2025 and a denial rate of 19.7%.

The median mortgage application in Racine County in 2025 was for $155,000; the median property value on originated loans was $320,000.