First Horizon Bank · Alabama · 2025

First Horizon Bank in Alabama: approval rate, denial rate and rates (2025)

First Horizon Bank took 441 mortgage applications in Alabama in 2025, ranking #91 of 990 lenders active in the state. It originated 72.6% of them and denied 15.2% (17.1% of the applications it decided), against a statewide denial rate of 19.9%.

441Applicationsin AL
17.1%Decision denial ratestate 25.0%
6.75%Median ratestate 6.50%
$305,000Median loanstate $165,000
$153MVolume29 counties

First Horizon Bank in Alabama vs the state

15.2%Denial rate-4.66 pts vs state
17.1%Decision denial rate-7.86 pts vs state
72.6%Origination rate+17.17 pts vs state
6.75%Median rate+0.25 pts vs state
0.31Rate spread (pts)+0.02 pts vs state
$187kMedian applicant income
320Loans originated
67Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
202359239419.1%6.38%#64
202442229813.7%6.75%#85
202544132015.2%6.75%#91

What First Horizon Bank lends in Alabama

By loan purpose

Home purchase 250 57% · 5.6% denied
Refinance 68 15% · 17.7% denied
Cash-out refinance 18 4% · 33.3% denied
Home improvement 79 18% · 36.7% denied
Other / HELOC 26 6% · 23.1% denied

By loan type

Conventional 407 92% · 16.0% denied
FHA 23 5% · 8.7% denied
VA 8 2% · 0.0% denied
USDA / RHS 3 1% · 0.0% denied

Why it denied Alabama applicants

Debt-to-income ratio 34 51%
Credit history 12 18%
Collateral 11 16%
Unverifiable information 4 6%
Other 3 4%
Employment history 2 3%
Insufficient cash 1 1%

Where in Alabama

Counties with the most First Horizon Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 1399730 21.6%
Baldwin County 1118714 12.6%
Mobile County 57463 5.3%
Shelby County 36219 25.0%
Madison County 30233 10.0%
Limestone County 740 0.0%
Morgan County 760 0.0%
Blount County 511 20.0%
Tuscaloosa County 540 0.0%
Lauderdale County 521 20.0%

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: 441 applications in 2025, of which 320 were originated and 67 denied.

15.2% of all applications, or 17.1% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans First Horizon Bank originated in Alabama in 2025 was 6.75%, against a statewide median of 6.50%.

About this data. Figures are First Horizon Bank'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