Canopy Mortgage in Alabama vs the state
0.6%Denial rate-19.26 pts vs state
0.8%Decision denial rate-24.17 pts vs state
69.7%Origination rate+14.29 pts vs state
6.25%Median rate-0.25 pts vs state
0.16Rate spread (pts)-0.12 pts vs state
$90kMedian applicant income
1,181Loans originated
10Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 209 | 155 | 1.4% | 6.75% | #125 |
| 2024 | 1,392 | 968 | 1.5% | 6.50% | #33 |
| 2025 | 1,695 | 1,181 | 0.6% | 6.25% | #29 |
What Canopy Mortgage lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Canopy Mortgage applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 394 | 285 | 1 | 0.3% |
| Marshall County | 216 | 147 | 1 | 0.5% |
| Lee County | 199 | 154 | 1 | 0.5% |
| Jefferson County | 188 | 104 | 0 | 0.0% |
| Russell County | 109 | 86 | 0 | 0.0% |
| Limestone County | 86 | 61 | 0 | 0.0% |
| Jackson County | 66 | 49 | 0 | 0.0% |
| Shelby County | 52 | 32 | 1 | 1.9% |
| St. Clair County | 50 | 37 | 0 | 0.0% |
| Baldwin County | 36 | 24 | 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: 1,695 applications in 2025, of which 1,181 were originated and 10 denied.
0.6% of all applications, or 0.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Canopy Mortgage originated in Alabama in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Canopy Mortgage'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