Figure Lending in Alabama vs the state
29.0%Denial rate+9.10 pts vs state
29.8%Decision denial rate+4.80 pts vs state
45.0%Origination rate-10.36 pts vs state
8.85%Median rate+2.35 pts vs state
2.51Rate spread (pts)+2.22 pts vs state
$102kMedian applicant income
521Loans originated
335Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 753 | 318 | 34.0% | 10.96% | #56 |
| 2024 | 1,083 | 502 | 29.2% | 10.80% | #46 |
| 2025 | 1,157 | 521 | 29.0% | 8.85% | #46 |
What Figure Lending lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Figure Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jefferson County | 158 | 67 | 46 | 29.1% |
| Madison County | 111 | 58 | 29 | 26.1% |
| Baldwin County | 111 | 52 | 30 | 27.0% |
| Mobile County | 101 | 49 | 34 | 33.7% |
| Shelby County | 57 | 31 | 15 | 26.3% |
| Lee County | 51 | 23 | 15 | 29.4% |
| Tuscaloosa County | 43 | 23 | 8 | 18.6% |
| Limestone County | 38 | 14 | 10 | 26.3% |
| St. Clair County | 32 | 15 | 10 | 31.3% |
| Montgomery County | 31 | 12 | 12 | 38.7% |
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: 1,157 applications in 2025, of which 521 were originated and 335 denied.
29.0% of all applications, or 29.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Figure Lending originated in Alabama in 2025 was 8.85%, against a statewide median of 6.50%.
About this data. Figures are Figure Lending'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