Largest lenders in Washburn County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Royal Credit Union | B | 50 | 35 | 16.0% | 6.75% |
| 2 | Indianhead Credit Union | – | 46 | 41 | 8.7% | 7.25% |
| 3 | Johnson Financial Group | A | 43 | 36 | 9.3% | 7.19% |
| 4 | Rocket Mortgage | C | 32 | 24 | 25.0% | 6.99% |
| 5 | WESTCONSIN Credit Union | C | 31 | 22 | 19.4% | 7.00% |
| 6 | U.S. Bank | D | 27 | 11 | 44.4% | 6.50% |
| 7 | Crosscountry Mortgage | B | 25 | 20 | 0.0% | 6.81% |
| 8 | Superior Choice Credit Union | B | 22 | 15 | 22.7% | 6.38% |
| 9 | Citizens Community Federal | B | 21 | 13 | 4.8% | 6.75% |
| 10 | Mortgage Research Center | C | 21 | 5 | 42.9% | 6.50% |
| 11 | Associated Bank | B | 15 | 8 | 40.0% | 7.25% |
| 12 | BMO Bank | F | 14 | 4 | 42.9% | 8.31% |
| 13 | Loandepot.Com | D | 11 | 5 | 27.3% | 7.13% |
| 14 | Dairy State Bank | C | 10 | 6 | 20.0% | — |
| 15 | Freedom Mortgage | B | 9 | 3 | 33.3% | 6.25% |
| 16 | Broker Solutions | D | 9 | 2 | 22.2% | 6.88% |
| 17 | Compeer Financial, Flca | C | 8 | 7 | 0.0% | 6.75% |
| 18 | Pennymac Loan Services | C | 7 | 4 | 28.6% | 6.19% |
| 19 | Frandsen Bank & Trust | B | 7 | 5 | 0.0% | 6.88% |
| 20 | New Day Financial | F | 7 | 1 | 14.3% | 6.74% |
| 21 | American Pacific Mortgage | C | 7 | 6 | 0.0% | 6.12% |
| 22 | Navy Federal Credit Union | D | 7 | 4 | 0.0% | 7.04% |
| 23 | 21st Mortgage | F | 6 | 2 | 50.0% | 9.42% |
| 24 | Bell Bank | A | 6 | 5 | 0.0% | 7.25% |
| 25 | Prosperity Home Mortgage | A | 6 | 5 | 0.0% | 6.75% |
What Washburn County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Washburn County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 544 | 353 | 18.0% | 7.00% | $145,000 |
| 2024 | 616 | 391 | 17.4% | 7.00% | $160,000 |
| 2025 | 677 | 435 | 16.4% | 6.88% | $155,000 |
Frequently asked questions
16.4% of applications in Washburn County were denied in 2025, against 14.0% statewide in Wisconsin.
Royal Credit Union, with 50 applications in 2025 and a denial rate of 16.0%.
The median mortgage application in Washburn County in 2025 was for $155,000; the median property value on originated loans was $325,000.