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Fairway Independent Mort CORP

MADISON, WI

Fairway Independent Mort CORP processed 102,501 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 74,401 loans with a 4.7% denial rate. Home Purchase was the primary loan purpose. Based in MADISON, WI. The approval rate of 72.6% 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Fairway Independent Mort CORP's 72.6% origination rate tells you how often an application turned into funded money; the 4.7% 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, Credit application incomplete, which together explain the majority of rejections. Most activity concentrated in Conventional loans (70,174 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.

102,501
Applications
74,401
Originated
4.7%
Denial Rate
$318,005
Avg Loan Amount
Avg Interest Rate: 6.747% Avg Applicant Income: $39,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 70,174 51,114 2,869 $321,250
FHA 23,184 16,363 1,599 $281,792
VA 8,115 6,184 255 $408,211
USDA 1,028 740 71 $201,148

Top loan types - Fairway Independent Mort CORP

Top loan types - Fairway Independent Mort CORP Horizontal bar chart of the top 4 items by value (applications). Top loan types - Fairway Independent Mort CORP Top 4 1. Conventional 70,174 2. FHA 23,184 3. VA 8,115 4. USDA 1,028 Top 5 loan types by application volume at Fairway Independent Mort CORP (HMDA 2024). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2024 LAR, application-level mortgage data for Fairway Independent Mort CORP (LEI: 549300MGPZBLQDIL7538) · 2024 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
1,301
Credit history
890
Credit application incomplete
775
Collateral
678
Other
453
Unverifiable information
423
Insufficient cash
286
Employment history
226

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 90,080 67,785 $317,573
Refinancing 5,150 2,768 $400,004
Cash-out Refinancing 4,874 2,564 $303,369
Other 1,832 987 $183,521
Home Improvement 559 297 $201,190

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 67,857 74.4% 4.1%
Black or African American 7,023 66.3% 8.4%
Asian 4,842 68.3% 4.8%
Joint 2,611 76.8% 3.1%
American Indian or Alaska Native 594 71.7% 3.9%
2 or more minority races 191 64.4% 6.3%
Native Hawaiian or Other Pacific Islander 187 71.7% 8.0%

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 69,196 73.8% 4.2%
Hispanic or Latino 12,235 69.0% 6.9%
Joint 3,367 75.9% 3.5%

Nearby Lenders in WI

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

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

Ixonia Bank

IXONIA, WI

10,340 apps 7,156 originated 4.2% denied
Compare Fairway Independent Mort CORP vs Summit Credit Union →

Mortgage Lending Guides

Frequently Asked Questions

How many mortgage applications did Fairway Independent Mort CORP process?
Fairway Independent Mort CORP processed 102,501 mortgage applications in the 2024 HMDA reporting year. Of these, 74,401 were originated (approved and funded), 19,475 were withdrawn by the applicant, and 4,794 were denied.
What is Fairway Independent Mort CORP's mortgage approval rate?
Fairway Independent Mort CORP has an approval (origination) rate of 72.6%, meaning 72.6% of all applications resulted in a funded mortgage. The denial rate is 4.7%.
What is the average loan amount at Fairway Independent Mort CORP?
The average mortgage loan amount at Fairway Independent Mort CORP is $318,005. The average interest rate is 6.747%. The average applicant income is $39,000.
What are the most common reasons for mortgage denial at Fairway Independent Mort CORP?
The most common reasons for mortgage denial at Fairway Independent Mort CORP are: Debt-to-income ratio, Credit history, Credit application incomplete. In total, 4,794 applications were denied out of 102,501 total applications.
What types of mortgage loans does Fairway Independent Mort CORP offer?
Fairway Independent Mort CORP processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 70,174 applications and an average loan amount of $321,250.
What loan purposes does Fairway Independent Mort CORP serve?
Fairway Independent Mort CORP serves the following loan purposes: Home Purchase (90,080 applications), Refinancing (5,150 applications), Cash-out Refinancing (4,874 applications), Other (1,832 applications), Home Improvement (559 applications). Home Purchase is the most common purpose.
Where is Fairway Independent Mort CORP located?
Fairway Independent Mort CORP is headquartered in MADISON, WI. The lender is identified by LEI 549300MGPZBLQDIL7538 in HMDA data.
How does Fairway Independent Mort CORP compare in lending across racial demographics?
Fairway Independent Mort CORP reports demographic lending data under HMDA requirements. White applicants have an approval rate of 74.4% and denial rate of 4.1%; Black or African American applicants have an approval rate of 66.3% and denial rate of 8.4%; Asian applicants have an approval rate of 68.3% and denial rate of 4.8%. 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.