PlainLender

COMPEER FINANCIAL

SUN PRAIRIE, WI

COMPEER FINANCIAL processed 2,041 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 1,119 loans with a 10.1% denial rate. Home Purchase was the primary loan purpose. Based in SUN PRAIRIE, WI. The approval rate of 54.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. COMPEER FINANCIAL processed 2,041 HMDA-reported mortgage applications in 2024, originating 1,119 loans and denying 207 for a denial rate of 10.1% (applicants themselves withdrew 115 files before a decision). The average loan amount was $288,317 at a 7.752% average note rate, and applicants self-reported an average income of $36,000. The lender reports under LEI 549300EWFHPBZH38K695 from SUN PRAIRIE, WI.

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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. COMPEER FINANCIAL's 54.8% origination rate tells you how often an application turned into funded money; the 10.1% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Collateral, which together explain the majority of rejections. Most activity concentrated in Conventional loans (2,041 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.

2,041
Applications
1,119
Originated
10.1%
Denial Rate
$288,317
Avg Loan Amount
Avg Interest Rate: 7.752% Avg Applicant Income: $36,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 2,041 1,119 207 $288,317

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for COMPEER FINANCIAL (LEI: 549300EWFHPBZH38K695) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
112
Credit history
69
Collateral
33
Other
12
Employment history
2
Insufficient cash
1
Credit application incomplete
1

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,537 799 $314,558
Home Improvement 202 142 $118,465
Cash-out Refinancing 158 95 $304,937
Other 107 69 $152,664
Refinancing 37 14 $446,892

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 1,844 57.6% 10.4%
Joint 27 40.7% 14.8%
Asian 21 33.3% 14.3%
American Indian or Alaska Native 4 25.0% 25.0%
Black or African American 4 25.0% 50.0%

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 1,829 57.5% 9.9%
Joint 25 64.0% 4.0%
Hispanic or Latino 24 41.7% 50.0%

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 COMPEER FINANCIAL vs FAIRWAY INDEPENDENT MORT CORP →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did COMPEER FINANCIAL process?
COMPEER FINANCIAL processed 2,041 mortgage applications in the 2023 HMDA reporting year. Of these, 1,119 were originated (approved and funded), 115 were withdrawn by the applicant, and 207 were denied.
What is COMPEER FINANCIAL's mortgage approval rate?
COMPEER FINANCIAL has an approval (origination) rate of 54.8%, meaning 54.8% of all applications resulted in a funded mortgage. The denial rate is 10.1%.
What is the average loan amount at COMPEER FINANCIAL?
The average mortgage loan amount at COMPEER FINANCIAL is $288,317. The average interest rate is 7.752%. The average applicant income is $36,000.
What are the most common reasons for mortgage denial at COMPEER FINANCIAL?
The most common reasons for mortgage denial at COMPEER FINANCIAL are: Debt-to-income ratio, Credit history, Collateral. In total, 207 applications were denied out of 2,041 total applications.
What types of mortgage loans does COMPEER FINANCIAL offer?
COMPEER FINANCIAL processes Conventional loans. The most common type is Conventional with 2,041 applications and an average loan amount of $288,317.
What loan purposes does COMPEER FINANCIAL serve?
COMPEER FINANCIAL serves the following loan purposes: Home Purchase (1,537 applications), Home Improvement (202 applications), Cash-out Refinancing (158 applications), Other (107 applications), Refinancing (37 applications). Home Purchase is the most common purpose.
Where is COMPEER FINANCIAL located?
COMPEER FINANCIAL is headquartered in SUN PRAIRIE, WI. The lender is identified by LEI 549300EWFHPBZH38K695 in HMDA data.
How does COMPEER FINANCIAL compare in lending across racial demographics?
COMPEER FINANCIAL reports demographic lending data under HMDA requirements. White applicants have an approval rate of 57.6% and denial rate of 10.4%; Joint applicants have an approval rate of 40.7% and denial rate of 14.8%; Asian applicants have an approval rate of 33.3% and denial rate of 14.3%. 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.