Mortgage lender · Montgomery, AL · LEI 254900XPILOY1LB5CK32

Hamilton Mortgage review: approval odds, rates and grade (2025)

Hamilton Mortgage earns a B, better than most small mortgage lenders. It turned down 1.9% of the applications it decided on in 2025, which ranks in the 89th percentile for approval odds. Its median loan was priced 0.35 points above the average prime offer rate, ranking in the 40th percentile on pricing. Compared against 1,883 small mortgage lenders using 2025 HMDA filings.

506Applications2025
80.2%Originatedof applications
1.9%Decision denial ratenational 22.6%
6.25%Median ratenational 6.63%
$84MLoan volume6 states

Hamilton Mortgage at a glance, 2025

Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.

1.6%Denial rate (all applications)-16.40 pts vs national
1.9%Denial rate (decided applications)-20.67 pts vs national
80.2%Origination rate+22.21 pts vs national
17.2%Withdrawn by applicant
0.4%Closed for incompleteness
6.25%Median interest rate-0.38 pts vs national
0.35Median rate spread (pts over APOR)+0.10 pts vs national
$215,000Median loan amount
$7,208Median total loan costs
$83kMedian applicant income
97%Median loan-to-value
0High-cost (HOEPA) loans

How the B grade breaks down

Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.

Approval oddsdecision denial rate, weight 45%

89th1.9% denied

Pricingmedian rate spread over APOR, weight 30%

40th0.35 pts

Processwithdrawn + incomplete share, weight 15%

26th17.6%

Closing coststotal loan costs ÷ loan amount, weight 10%

14th3.35% of loan

Trend, 2023–2025

YearApplicationsOriginatedDenial rateDecision denialMedian rateVolume
20234083282.7%3.2%6.81%$65M
20246375061.6%1.9%6.50%$95M
20255064061.6%1.9%6.25%$84M

What Hamilton Mortgage lends

Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.

By loan purpose

Home purchase 443 88% · 0.7% denied
Refinance 63 12% · 7.9% denied

By loan type

Conventional 209 41% · 2.4% denied
FHA 213 42% · 0.9% denied
VA 26 5% · 0.0% denied
USDA / RHS 58 11% · 1.7% denied

Also: 0 home-equity lines, 0 reverse mortgages, 36 manufactured homes, 2 investment properties.

Why Hamilton Mortgage denies applications

Primary reason reported for each of the 8 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.

Debt-to-income ratio 5 63%
Collateral 2 25%
Credit history 1 13%

How these reasons compare nationally →

Who gets approved at Hamilton Mortgage

Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.

Applicant incomeApplicationsOriginatedDecision denial rate
Under $50k63533.6%
$50k – $100k2692220.5%
$100k – $150k96734.0%
$150k – $250k64501.9%
Applicant ageApplicationsOriginatedDecision denial rate
Under 2589711.4%
25–341501221.6%
35–44119922.1%
45–5467503.8%
55–6452442.2%

Where Hamilton Mortgage lends

6 states and 75 counties in 2025. Click a state for the lender's full record there.

StateApplicationsOriginatedDenial rateMedian rateRank in state
Alabama3943130.8%6.25%#101
Texas71641.4%6.13%#632
Mississippi291813.8%6.69%#206
Arkansas980.0%6.25%#348

Frequently asked questions

Hamilton Mortgage denied 1.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 89th percentile of small mortgage lenders.

The most common reason Hamilton Mortgage gave in 2025 was "debt-to-income ratio", cited on 62.5% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.

The median interest rate on loans Hamilton Mortgage originated in 2025 was 6.25%, and its median rate spread over the average prime offer rate was 0.35 points. Rates on this page are what borrowers actually got, not advertised rates.

In 2025, 88% of its applications were for home purchases, 12% for refinancing (including cash-out), and 0% for home improvement or other purposes. By loan type: 41% conventional, 42% FHA, 5% VA.

Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.

About this data. HMDA data is published once a year by the CFPB. The current release covers applications acted on in calendar year 2025. Figures describe applications the lender acted on, including loans it later sold. Interest rates and costs are medians on originated loans only; some depository institutions are exempt from reporting pricing fields, which is why a few cells read "—". MortgageGrades is not affiliated with Hamilton Mortgage. Data sources · Methodology