GMFS in Alabama vs the state
1.7%Denial rate-18.13 pts vs state
2.2%Decision denial rate-22.76 pts vs state
66.0%Origination rate+10.60 pts vs state
6.38%Median rate-0.13 pts vs state
0.15Rate spread (pts)-0.13 pts vs state
$98kMedian applicant income
423Loans originated
11Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,008 | 785 | 3.3% | 6.50% | #40 |
| 2024 | 1,104 | 880 | 3.4% | 6.50% | #44 |
| 2025 | 641 | 423 | 1.7% | 6.38% | #73 |
What GMFS lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most GMFS applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mobile County | 228 | 178 | 2 | 0.9% |
| Baldwin County | 86 | 51 | 1 | 1.2% |
| Madison County | 57 | 22 | 0 | 0.0% |
| Jefferson County | 49 | 31 | 0 | 0.0% |
| Marshall County | 36 | 26 | 0 | 0.0% |
| Shelby County | 33 | 25 | 0 | 0.0% |
| Etowah County | 19 | 16 | 0 | 0.0% |
| Montgomery County | 17 | 8 | 1 | 5.9% |
| Limestone County | 14 | 3 | 3 | 21.4% |
| DeKalb County | 13 | 10 | 1 | 7.7% |
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: 641 applications in 2025, of which 423 were originated and 11 denied.
1.7% of all applications, or 2.2% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans GMFS originated in Alabama in 2025 was 6.38%, against a statewide median of 6.50%.
About this data. Figures are GMFS'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