Racine-Mount Pleasant
Metropolitan Statistical Area · MSA Code 39540
According to CFPB HMDA 2024 application volume among tracked metros, Racine-Mount Pleasant ranks #232 of 418.
Mortgage lending activity in the Racine-Mount Pleasant metro area based on lender filings under the Home Mortgage Disclosure Act (HMDA). Data covers all applications received by HMDA-reporting institutions operating in this geography during 2024. Why mortgages get denied walks the denial-reason codes that appear in books like this one.
Metro-area mortgage activity. The Racine-Mount Pleasant Metropolitan Statistical Area (MSA code 39540) financed its book at an average note rate of 7.16%. 20 major lenders are tracked for this metro - Educators Credit Union, Landmark Credit Union, Johnson Bank lead by origination volume. Among the 418 metros tracked, Racine-Mount Pleasant sits in the 35th percentile for approval-friendliness by denial rate, and shares its 5-point denial-rate band with 241 other tracked metros.
What MSA numbers tell you, and what they don't. Metro area boundaries are defined by the U.S. Office of Management and Budget and typically span multiple counties, so a single Racine-Mount Pleasant denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 17.6% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $199,899 average loan size reflects the MSA's property values and the borrower pool that actually applied, not any single neighborhood. This page is informational data reporting, not financial, legal, or mortgage advice.
Lender concentration in Racine-Mount Pleasant
In Racine-Mount Pleasant, lead originator Educators Credit Union funded 19.2% of 4,948 originated loans, above the fleet's upper tercile (~12.8% top-1). The top three reporters together hold 34.1% of the book, so a handful of names dominate disclosed volume here.
Metros With a Similar Denial Rate
The metro areas closest to Racine-Mount Pleasant's 17.6% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Racine-Mount Pleasant's 8,240 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Racine-Mount Pleasant's $199,899 average loan (deduped against denial and volume peers).
Lenders active in the Racine-Mount Pleasant metro
Educators Credit Union funded 948 of the 4,948 loans originated here, 19.2% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Educators Credit Union | 948 | 1,399 | $101,655 | 19.2% |
| 2 | Landmark Credit Union | 415 | 664 | $120,542 | 8.4% |
| 3 | Johnson Bank | 326 | 411 | $239,672 | 6.6% |
| 4 | Summit Credit Union | 197 | 282 | $159,007 | 4.0% |
| 5 | Rocket Mortgage | 185 | 251 | $201,972 | 3.7% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For the Racine-Mount Pleasant metropolitan area, from the FFIEC/CFPB HMDA Snapshot National Loan-Level Dataset (2024) -- Metropolitan Statistical Areas are defined by the U.S. Office of Management and Budget (OMB). Not financial advice for Racine-Mount Pleasant borrowers. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error. Data current as of 2026-08-10. HMDA figures are lender-filed application outcomes for a published reporting year - not creditworthiness scores, rate quotes, Loan Estimates, underwriting decisions, or mortgage advice.