Ally Bank at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
17th21.4% deniedPricingmedian rate spread over APOR, weight 30%
72nd0.09 ptsProcesswithdrawn + incomplete share, weight 15%
2nd37.8%Closing coststotal loan costs ÷ loan amount, weight 10%
41st2.14% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 6,080 | 2,703 | 8.1% | 15.2% | 6.38% | $1.1B |
| 2024 | 5,729 | 2,599 | 9.6% | 17.0% | 6.50% | $1.4B |
| 2025 | 556 | 268 | 13.3% | 21.4% | 6.63% | $614M |
What Ally Bank lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 0 home-equity lines, 0 reverse mortgages, 6 manufactured homes, 56 investment properties.
Why Ally Bank denies applications
Primary reason reported for each of the 74 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Ally Bank
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 35 | 7 | 70.8% |
| $50k – $100k | 139 | 69 | 21.7% |
| $100k – $150k | 111 | 57 | 18.6% |
| $150k – $250k | 147 | 90 | 7.2% |
| Over $250k | 101 | 38 | 17.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| 25–34 | 151 | 71 | 15.1% |
| 35–44 | 174 | 89 | 23.1% |
| 45–54 | 91 | 48 | 23.4% |
| 55–64 | 80 | 34 | 26.1% |
| 65–74 | 34 | 12 | 20.0% |
Where Ally Bank lends
48 states and 333 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| Texas | 56 | 26 | 14.3% | 6.50% | #688 |
| Florida | 53 | 21 | 20.8% | 6.88% | #591 |
| California | 43 | 18 | 7.0% | 6.50% | #542 |
| Pennsylvania | 34 | 16 | 5.9% | 6.94% | #537 |
| New York | 30 | 13 | 26.7% | 6.50% | #376 |
| North Carolina | 29 | 15 | 0.0% | 6.38% | #474 |
| Illinois | 21 | 15 | 0.0% | 6.63% | #585 |
| Michigan | 20 | 6 | 25.0% | 6.56% | #434 |
| New Jersey | 19 | 10 | 21.1% | 6.38% | #457 |
| Ohio | 15 | 7 | 13.3% | 6.38% | #572 |
| Indiana | 14 | 8 | 28.6% | 6.88% | #509 |
| Tennessee | 14 | 7 | 0.0% | 6.75% | #586 |
| Washington | 14 | 7 | 7.1% | 6.50% | #431 |
| Colorado | 13 | 8 | 15.4% | 6.63% | #474 |
| Georgia | 12 | 6 | 16.7% | 6.88% | #645 |
| Minnesota | 12 | 6 | 16.7% | 6.50% | #441 |
| Massachusetts | 11 | 5 | 0.0% | 6.38% | #458 |
| Virginia | 11 | 7 | 0.0% | 6.50% | #553 |
| Alabama | 9 | 3 | 11.1% | 6.63% | #494 |
| South Carolina | 9 | 6 | 0.0% | 6.31% | #556 |
| Wisconsin | 9 | 5 | 11.1% | 6.38% | #502 |
| Connecticut | 8 | 5 | 0.0% | 6.63% | #390 |
| Oklahoma | 8 | 5 | 25.0% | 6.25% | #435 |
| Arizona | 7 | 4 | 14.3% | 6.25% | #565 |
| Kansas | 6 | 3 | 16.7% | 7.00% | #399 |
| Missouri | 6 | 2 | 0.0% | 6.75% | #559 |
| New Mexico | 6 | 4 | 0.0% | 6.88% | #298 |
| Kentucky | 5 | 2 | 0.0% | 7.19% | #479 |
| Louisiana | 5 | 0 | 60.0% | — | #423 |
| Maryland | 5 | 3 | 0.0% | 6.63% | #541 |
| West Virginia | 5 | 4 | 0.0% | 6.94% | #321 |
Frequently asked questions
Ally Bank denied 21.4% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 17th percentile of small mortgage lenders.
The most common reason Ally Bank gave in 2025 was "debt-to-income ratio", cited on 45.9% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Ally Bank originated in 2025 was 6.63%, and its median rate spread over the average prime offer rate was 0.09 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 79% of its applications were for home purchases, 16% for refinancing (including cash-out), and 5% for home improvement or other purposes. By loan type: 100% conventional, 0% FHA, 0% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.