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Waukesha County, Wisconsin · 2025

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

394 lenders acted on 17,755 mortgage applications for properties in Waukesha County in 2025. 11.6% were denied (Wisconsin: 14.0%). Median rate on closed loans 6.63%; median loan $245,000; median property value $505,000.

18kApplications
11.6%Denial ratestate 14.0%
6.63%Median ratestate 6.63%
$245,000Median loan
$505,000Median property value

Largest lenders in Waukesha County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Landmark Credit Union A 2,6962,085 11.8%6.50%
2 Summit Credit Union A 1,7041,298 11.0%7.00%
3 University of Wisconsin Credit Union A 1,057805 10.8%6.50%
4 Associated Bank B 601410 21.3%6.88%
5 Waukesha State Bank B 595483 7.4%6.88%
6 Rocket Mortgage C 493380 13.0%6.75%
7 BMO Bank F 470293 20.9%8.15%
8 Fairway Independent Mortgage B 448370 1.8%6.63%
9 Educators Credit Union B 442305 21.0%6.88%
10 U.S. Bank D 434273 22.6%7.65%
11 Newrez D 410246 13.2%6.49%
12 United Shore Financial Services B 353264 10.5%6.37%
13 Johnson Financial Group A 334285 2.7%6.75%
14 Bank Five Nine A 305241 2.0%6.63%
15 Ixonia Bank C 266199 0.4%6.75%
16 JPMorgan Chase Bank B 263176 7.2%6.25%
17 Guild Mortgage A 260205 4.2%6.63%
18 A + Mortgage Services A 226210 0.9%6.63%
19 North Shore Bank C 210153 23.3%6.50%
20 Pennymac Loan Services C 199135 9.1%6.88%
21 Great Midwest Bank, S.S.B. B 198159 2.5%6.75%
22 Guaranteed Rate B 14987 4.0%6.58%
23 Tri City National Bank A 14699 14.4%5.99%
24 The Huntington National Bank D 13696 11.0%6.63%
25 Mortgage Research Center C 12951 20.9%6.25%

Best approval odds in Waukesha County

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

#LenderDecidedDecision denial rate
1Wisconsin Mortgage860.0%
2Coastal Community Bank900.0%
3Ixonia Bank2010.5%
4A + Mortgage Services2120.9%
5Ark-La-Tex Financial Services, LLC.601.7%
6Fairway Independent Mortgage3792.1%
7Bank Five Nine2672.3%
8CMG Mortgage872.3%
9Johnson Financial Group3132.9%
10Great Midwest Bank, S.S.B.1702.9%

What Waukesha County borrowers applied for

By loan purpose

Home purchase 6,160 35% · 4.8% denied
Refinance 3,942 22% · 10.4% denied
Cash-out refinance 2,564 14% · 16.5% denied
Home improvement 2,732 15% · 15.1% denied
Other / HELOC 2,357 13% · 22.1% denied

By loan type

Conventional 16,445 93% · 11.4% denied
FHA 677 4% · 17.4% denied
VA 627 4% · 11.8% denied
USDA / RHS 6 0% · 0.0% denied

Why applications were denied

Debt-to-income ratio 821 40%
Credit history 410 20%
Incomplete application 319 16%
Collateral 235 11%
Other 161 8%
Unverifiable information 63 3%
Insufficient cash 30 1%
Employment history 10 0%
Mortgage insurance denied 1 0%

Waukesha County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202314,57310,66111.3%6.75%$175,000
202415,53310,98913.1%7.00%$215,000
202517,75512,60711.6%6.63%$245,000

Frequently asked questions

11.6% of applications in Waukesha County were denied in 2025, against 14.0% statewide in Wisconsin.

Landmark Credit Union, with 2,696 applications in 2025 and a denial rate of 11.8%.

The median mortgage application in Waukesha County in 2025 was for $245,000; the median property value on originated loans was $505,000.