Broker Solutions · Alabama · 2025

Broker Solutions in Alabama: approval rate, denial rate and rates (2025)

Broker Solutions took 2,590 mortgage applications in Alabama in 2025, ranking #18 of 990 lenders active in the state. It originated 36.0% of them and denied 10.3% (21.8% of the applications it decided), against a statewide denial rate of 19.9%.

2.6kApplicationsin AL
21.8%Decision denial ratestate 25.0%
6.75%Median ratestate 6.50%
$155,000Median loanstate $165,000
$191MVolume66 counties

Broker Solutions in Alabama vs the state

10.3%Denial rate-9.58 pts vs state
21.8%Decision denial rate-3.16 pts vs state
36.0%Origination rate-19.37 pts vs state
6.75%Median rate+0.25 pts vs state
0.85Rate spread (pts)+0.56 pts vs state
$72kMedian applicant income
933Loans originated
266Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,30548810.7%6.75%#33
20242,19784111.5%6.75%#23
20252,59093310.3%6.75%#18

What Broker Solutions lends in Alabama

By loan purpose

Home purchase 970 37% · 4.9% denied
Refinance 294 11% · 7.8% denied
Cash-out refinance 822 32% · 11.1% denied
Home improvement 115 4% · 16.5% denied
Other / HELOC 389 15% · 22.1% denied

By loan type

Conventional 915 35% · 7.2% denied
FHA 1,421 55% · 12.9% denied
VA 241 9% · 6.6% denied
USDA / RHS 13 1% · 7.7% denied

Why it denied Alabama applicants

Credit history 153 58%
Collateral 36 14%
Other 33 12%
Incomplete application 16 6%
Unverifiable information 13 5%
Debt-to-income ratio 10 4%
Employment history 3 1%
Insufficient cash 2 1%

Where in Alabama

Counties with the most Broker Solutions applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 35011740 11.4%
Mobile County 2188221 9.6%
Madison County 2179023 10.6%
Morgan County 1691019 5.3%
Baldwin County 1556611 7.1%
Lee County 782113 16.7%
Limestone County 77307 9.1%
Montgomery County 771511 14.3%
Shelby County 76278 10.5%
Tuscaloosa County 73198 11.0%

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: 2,590 applications in 2025, of which 933 were originated and 266 denied.

10.3% of all applications, or 21.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans Broker Solutions originated in Alabama in 2025 was 6.75%, against a statewide median of 6.50%.

About this data. Figures are Broker Solutions'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