PlainLender

Bank of Deerfield

DEERFIELD, WI

Bank of Deerfield processed 115 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 98 loans with a 3.5% denial rate. Home Purchase was the primary loan purpose. Based in DEERFIELD, WI. The approval rate of 85.2% reflects originated loans as a share of all applications.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% - HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Bank of Deerfield's 85.2% origination rate tells you how often an application turned into funded money; the 3.5% denial rate is a separate read on underwriting strictness. Most activity concentrated in Conventional loans (115 applications).

How to read this page. These figures are aggregate HMDA disclosures, they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting, it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

115
Applications
98
Originated
3.5%
Denial Rate
$275,609
Avg Loan Amount

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 115 98 4 $275,609

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Bank of Deerfield (LEI: 5493006ACVE4WEX8D790) · 2024 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 91 79 $291,264
Refinancing 12 8 $317,500
Home Improvement 7 7 $135,000
Cash-out Refinancing 3 3 $131,667
Other 2 1 $20,000

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 76 80.3% 5.3%
Joint * 1 100.0% 0.0%

* Fewer than 50 applications -- percentages for this group have wide statistical uncertainty and should not be read as precise.

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 77 80.5% 5.2%

Nearby Lenders in WI

Other HMDA-reporting lenders in WI with similar activity. Compare any two side-by-side.

Fairway Independent Mort CORP

MADISON, WI

102,501 apps 74,401 originated 4.7% denied

Summit Credit Union

Cottage Grove, WI

15,990 apps 9,929 originated 10.9% denied

Uw Credit Union

MADISON, WI

11,177 apps 8,477 originated 12.3% denied

Associated Bank NA

Green Bay, WI

10,999 apps 6,532 originated 24.4% denied

Waterstone Mortgage Corporation

BROOKFIELD, WI

10,792 apps 7,819 originated 4.5% denied
Compare Bank of Deerfield vs Fairway Independent Mort CORP →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Bank of Deerfield process?
Bank of Deerfield processed 115 mortgage applications in the 2024 HMDA reporting year. Of these, 98 were originated (approved and funded), 10 were withdrawn by the applicant, and 4 were denied.
What is Bank of Deerfield's mortgage approval rate?
Bank of Deerfield has an approval (origination) rate of 85.2%, meaning 85.2% of all applications resulted in a funded mortgage. The denial rate is 3.5%.
What is the average loan amount at Bank of Deerfield?
The average mortgage loan amount at Bank of Deerfield is $275,609.
What types of mortgage loans does Bank of Deerfield offer?
Bank of Deerfield processes Conventional loans. The most common type is Conventional with 115 applications and an average loan amount of $275,609.
What loan purposes does Bank of Deerfield serve?
Bank of Deerfield serves the following loan purposes: Home Purchase (91 applications), Refinancing (12 applications), Home Improvement (7 applications), Cash-out Refinancing (3 applications), Other (2 applications). Home Purchase is the most common purpose.
Where is Bank of Deerfield located?
Bank of Deerfield is headquartered in DEERFIELD, WI. The lender is identified by LEI 5493006ACVE4WEX8D790 in HMDA data.
How does Bank of Deerfield compare in lending across racial demographics?
Bank of Deerfield reports demographic lending data under HMDA requirements. White applicants have an approval rate of 80.3% and denial rate of 5.3%; Joint applicants have an approval rate of 100.0% and denial rate of 0.0%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.