FirstBank · Alabama · 2025

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

FirstBank took 3,190 mortgage applications in Alabama in 2025, ranking #13 of 990 lenders active in the state. It originated 53.7% of them and denied 27.0% (28.9% of the applications it decided), against a statewide denial rate of 19.9%.

3.2kApplicationsin AL
28.9%Decision denial ratestate 25.0%
6.63%Median ratestate 6.50%
$155,000Median loanstate $165,000
$461MVolume67 counties

FirstBank in Alabama vs the state

27.0%Denial rate+7.17 pts vs state
28.9%Decision denial rate+3.87 pts vs state
53.7%Origination rate-1.72 pts vs state
6.63%Median rate+0.13 pts vs state
0.27Rate spread (pts)-0.02 pts vs state
$78kMedian applicant income
1,712Loans originated
862Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233,6041,64029.8%6.63%#8
20243,6341,70827.8%6.63%#9
20253,1901,71227.0%6.63%#13

What FirstBank lends in Alabama

By loan purpose

Home purchase 2,829 89% · 29.2% denied
Refinance 128 4% · 3.9% denied
Cash-out refinance 80 3% · 15.0% denied
Home improvement 10 0% · 30.0% denied
Other / HELOC 143 4% · 11.2% denied

By loan type

Conventional 2,750 86% · 30.3% denied
FHA 299 9% · 6.4% denied
VA 129 4% · 6.2% denied
USDA / RHS 12 0% · 8.3% denied

Why it denied Alabama applicants

Credit history 572 66%
Debt-to-income ratio 171 20%
Other 68 8%
Unverifiable information 21 2%
Employment history 12 1%
Collateral 12 1%
Insufficient cash 4 0%
Incomplete application 2 0%

Where in Alabama

Counties with the most FirstBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 42231746 10.9%
Madison County 37230618 4.8%
Shelby County 26020826 10.0%
Baldwin County 21213335 16.5%
Tuscaloosa County 1699041 24.3%
Mobile County 1234942 34.1%
Chilton County 975121 21.6%
Limestone County 94802 2.1%
St. Clair County 904133 36.7%
Walker County 821541 50.0%

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: 3,190 applications in 2025, of which 1,712 were originated and 862 denied.

27.0% of all applications, or 28.9% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans FirstBank originated in Alabama in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are FirstBank'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