Bank Independent in Alabama vs the state
11.6%Denial rate-8.27 pts vs state
13.1%Decision denial rate-11.95 pts vs state
74.6%Origination rate+19.19 pts vs state
6.49%Median rate-0.01 pts vs state
0.07Rate spread (pts)-0.22 pts vs state
$89kMedian applicant income
895Loans originated
139Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,050 | 784 | 11.1% | 7.99% | #38 |
| 2024 | 1,085 | 837 | 9.1% | 7.50% | #45 |
| 2025 | 1,200 | 895 | 11.6% | 6.49% | #43 |
What Bank Independent lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Bank Independent applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lauderdale County | 477 | 370 | 50 | 10.5% |
| Colbert County | 242 | 181 | 32 | 13.2% |
| Madison County | 133 | 103 | 7 | 5.3% |
| Limestone County | 95 | 67 | 10 | 10.5% |
| Morgan County | 92 | 69 | 11 | 12.0% |
| Lawrence County | 76 | 46 | 17 | 22.4% |
| Franklin County | 47 | 31 | 11 | 23.4% |
| Winston County | 6 | 3 | 0 | 0.0% |
| Cullman County | 5 | 3 | 0 | 0.0% |
| Jefferson County | 5 | 5 | 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: 1,200 applications in 2025, of which 895 were originated and 139 denied.
11.6% of all applications, or 13.1% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Bank Independent originated in Alabama in 2025 was 6.49%, against a statewide median of 6.50%.
About this data. Figures are Bank Independent'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