Simplicity mortgage approval rate & lending review
Simplicity decided 289 mortgage applications and funded 252 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Simplicity reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Simplicity at a glance
Approval is 16.1 points above the 74.6% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 95% | 88 / 93 | 97% | $185K | 85 |
| Home improvement loans | 85% | 67 / 79 | 100% | $45K | 67 |
| Cash-out refinance | 91% | 59 / 65 | 90% | $75K | 53 |
| Refinance | 89% | 34 / 38 | 97% | $135K | 33 |
Simplicity lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Wisconsin | 91% | $115K | 289 | 252 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Simplicity lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Marathon County, WI | Mortgage lenders | 93% | 72 | 64 |
| Marathon County, WI | Cash-out refinance | 91% | 45 | 38 |
| Marathon County, WI | Home improvement loans | 92% | 36 | 33 |
| Marathon County, WI | Refinance | 96% | 26 | 25 |
The county markets where Simplicity made the most loans. Each link opens that market with every lender ranked.
Questions about Simplicity
What is Simplicity's mortgage approval rate?
Simplicity approved 90.7% of the 289 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 16.1 points above the 74.6% national rate for the same mix of loan types.
How often do borrowers take the loan Simplicity offers?
Borrowers accepted 96% of the loans Simplicity approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Simplicity make?
The typical home purchase mortgage loan Simplicity made was $185K; across all loan types its typical loan ran from $45K to $185K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Simplicity lend?
Simplicity decided applications in 1 of the states Fat Boy Data covers, most of them in Wisconsin.
Can I apply to Simplicity directly?
Yes. Simplicity is a bank or credit union with 9 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Simplicity's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Simplicity treats applications, then get a rate quote from the lender.