Armed Forces Bank in Alabama vs the state
12.9%Denial rate-6.95 pts vs state
17.8%Decision denial rate-7.22 pts vs state
59.7%Origination rate+4.29 pts vs state
6.25%Median rate-0.25 pts vs state
-0.41Rate spread (pts)-0.70 pts vs state
$128kMedian applicant income
37Loans originated
8Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 61 | 36 | 3.3% | 6.19% | #260 |
| 2024 | 51 | 39 | 2.0% | 6.25% | #287 |
| 2025 | 62 | 37 | 12.9% | 6.25% | #283 |
What Armed Forces Bank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Armed Forces Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 8 | 6 | 2 | 25.0% |
| Jefferson County | 8 | 5 | 1 | 12.5% |
| Coffee County | 7 | 4 | 2 | 28.6% |
| Montgomery County | 5 | 1 | 2 | 40.0% |
| Dale County | 4 | 3 | 0 | 0.0% |
| Mobile County | 3 | 1 | 0 | 0.0% |
| Russell County | 3 | 3 | 0 | 0.0% |
| Elmore County | 3 | 2 | 0 | 0.0% |
| Talladega County | 2 | 1 | 0 | 0.0% |
| Morgan County | 2 | 0 | 0 | 0.0% |
Other large lenders in Alabama
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Regions Bank | C | 11,871 | 37.2% | 4.99% |
| Rocket Mortgage | C | 9,941 | 20.5% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 8,461 | 41.4% | 9.50% |
| United Shore Financial Services | B | 7,689 | 12.0% | 6.13% |
| 21st Mortgage | F | 6,507 | 46.0% | 9.98% |
| Mortgage Research Center | C | 5,107 | 18.4% | 6.25% |
| REDSTONE Federal Credit Union | C | 4,548 | 18.9% | 8.13% |
| Dhi Mortgage Company | B | 3,909 | 17.5% | 4.99% |
| Freedom Mortgage | B | 3,725 | 8.7% | 6.25% |
| Pennymac Loan Services | C | 3,611 | 11.6% | 6.25% |
Frequently asked questions
Alabama: 62 applications in 2025, of which 37 were originated and 8 denied.
12.9% of all applications, or 17.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Armed Forces Bank originated in Alabama in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Armed Forces Bank's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology