BankFirst Financial Services · Alabama · 2025

BankFirst Financial Services in Alabama: approval rate, denial rate and rates (2025)

BankFirst Financial Services took 450 mortgage applications in Alabama in 2025, ranking #90 of 990 lenders active in the state. It originated 84.4% of them and denied 6.2% (6.8% of the applications it decided), against a statewide denial rate of 19.9%.

450Applicationsin AL
6.8%Decision denial ratestate 25.0%
6.50%Median ratestate 6.50%
$155,000Median loanstate $165,000
$91MVolume24 counties

BankFirst Financial Services in Alabama vs the state

6.2%Denial rate-13.63 pts vs state
6.8%Decision denial rate-18.22 pts vs state
84.4%Origination rate+29.05 pts vs state
6.50%Median rate0.00 pts vs state
0.09Rate spread (pts)-0.20 pts vs state
$96kMedian applicant income
380Loans originated
28Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
20234763747.1%6.88%#72
20244964008.3%6.88%#75
20254503806.2%6.50%#90

What BankFirst Financial Services lends in Alabama

By loan purpose

Home purchase 239 53% · 3.4% denied
Refinance 127 28% · 6.3% denied
Cash-out refinance 20 4% · 10.0% denied
Home improvement 45 10% · 15.6% denied
Other / HELOC 19 4% · 15.8% denied

By loan type

Conventional 390 87% · 7.2% denied
FHA 47 10% · 0.0% denied
VA 10 2% · 0.0% denied
USDA / RHS 3 1% · 0.0% denied

Why it denied Alabama applicants

Credit history 14 50%
Debt-to-income ratio 8 29%
Collateral 2 7%
Other 2 7%
Unverifiable information 1 4%
Insufficient cash 1 4%

Where in Alabama

Counties with the most BankFirst Financial Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Tuscaloosa County 1981793 1.5%
Winston County 82618 9.8%
Walker County 27214 14.8%
Pickens County 26223 11.5%
Fayette County 25213 12.0%
Marion County 19135 26.3%
Cullman County 15132 13.3%
Madison County 13110 0.0%
Baldwin County 13120 0.0%
Jefferson County 860 0.0%

Other large lenders in Alabama

LenderGradeApplicationsDenial rateMedian rate
Regions BankC 11,87137.2%4.99%
Rocket MortgageC 9,94120.5%6.63%
Vanderbilt Mortgage and FinanceF 8,46141.4%9.50%
United Shore Financial ServicesB 7,68912.0%6.13%
21st MortgageF 6,50746.0%9.98%
Mortgage Research CenterC 5,10718.4%6.25%
REDSTONE Federal Credit UnionC 4,54818.9%8.13%
Dhi Mortgage CompanyB 3,90917.5%4.99%
Freedom MortgageB 3,7258.7%6.25%
Pennymac Loan ServicesC 3,61111.6%6.25%

Frequently asked questions

Alabama: 450 applications in 2025, of which 380 were originated and 28 denied.

6.2% of all applications, or 6.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans BankFirst Financial Services originated in Alabama in 2025 was 6.50%, against a statewide median of 6.50%.

About this data. Figures are BankFirst Financial Services'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