Bank of America in Alabama vs the state
34.4%Denial rate+14.54 pts vs state
46.6%Decision denial rate+21.61 pts vs state
39.0%Origination rate-16.37 pts vs state
6.24%Median rate-0.26 pts vs state
0.38Rate spread (pts)+0.09 pts vs state
$112kMedian applicant income
320Loans originated
282Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 964 | 284 | 54.9% | 7.25% | #42 |
| 2024 | 743 | 245 | 40.1% | 6.99% | #57 |
| 2025 | 820 | 320 | 34.4% | 6.24% | #53 |
What Bank of America lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Bank of America applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jefferson County | 129 | 53 | 48 | 37.2% |
| Madison County | 98 | 54 | 23 | 23.5% |
| Baldwin County | 81 | 28 | 28 | 34.6% |
| Shelby County | 68 | 33 | 13 | 19.1% |
| Mobile County | 63 | 28 | 19 | 30.2% |
| Lee County | 36 | 14 | 12 | 33.3% |
| Montgomery County | 33 | 15 | 10 | 30.3% |
| Tuscaloosa County | 23 | 8 | 10 | 43.5% |
| Limestone County | 20 | 6 | 6 | 30.0% |
| Cullman County | 17 | 3 | 6 | 35.3% |
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: 820 applications in 2025, of which 320 were originated and 282 denied.
34.4% of all applications, or 46.6% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Bank of America originated in Alabama in 2025 was 6.24%, against a statewide median of 6.50%.
About this data. Figures are Bank of America'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