Wausau
Metropolitan Statistical Area · MSA Code 48140
According to CFPB HMDA 2024 application volume among tracked metros, Wausau ranks #332 of 418.
Mortgage lending activity in the Wausau 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 Wausau Metropolitan Statistical Area (MSA code 48140) financed its book at an average note rate of 7.17%. 20 major lenders are tracked for this metro - Covantage Credit Union, Cloverbelt Credit Union, Nicolet National Bank lead by origination volume. Among the 418 metros tracked, Wausau sits in the 95th percentile for approval-friendliness by denial rate, and shares its 5-point denial-rate band with 117 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 Wausau denial rate averages across urban core, inner suburbs, and outer commuter communities with very different borrower profiles. A 11.3% denial rate at the MSA level can coexist with widely varying individual-lender denial rates; $170,756 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 Wausau
In Wausau, lead originator Covantage Credit Union funded 28.0% of 3,175 originated loans, above the fleet's upper tercile (~12.8% top-1). The top three reporters together hold 38.3% of the book, so a handful of names dominate disclosed volume here.
Metros With a Similar Denial Rate
The metro areas closest to Wausau's 11.3% denial rate among all 418 tracked MSAs.
Metros With Similar Application Volume
Nationwide MSAs nearest to Wausau's 4,757 HMDA applications (deduped against the denial-rate neighbourhood).
Metros With a Similar Average Loan
Nationwide MSAs nearest to Wausau's $170,756 average loan (deduped against denial and volume peers).
Lenders active in the Wausau metro
Covantage Credit Union funded 890 of the 3,175 loans originated here, 28.0% of the metro. 20 reporting lenders follow.
| # | Lender | Originated | Applications | Avg Loan | Market Share |
|---|---|---|---|---|---|
| 1 | Covantage Credit Union | 890 | 1,195 | $125,059 | 28.0% |
| 2 | Cloverbelt Credit Union | 178 | 195 | $152,641 | 5.6% |
| 3 | Nicolet National Bank | 147 | 168 | $182,321 | 4.6% |
| 4 | Associated Bank NA | 106 | 162 | $142,160 | 3.3% |
| 5 | Peoples State Bank | 104 | 140 | $182,214 | 3.3% |
Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. For the Wausau 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 Wausau 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.