HomePromise in Alabama vs the state
53.1%Denial rate+33.28 pts vs state
92.7%Decision denial rate+67.73 pts vs state
4.2%Origination rate-51.22 pts vs state
7.06%Median rate+0.56 pts vs state
0.76Rate spread (pts)+0.48 pts vs state
$88kMedian applicant income
4Loans originated
51Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 103 | 4 | 63.1% | 7.38% | #195 |
| 2024 | 80 | 3 | 62.5% | 7.38% | #242 |
| 2025 | 96 | 4 | 53.1% | 7.06% | #234 |
What HomePromise lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most HomePromise applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Lee County | 8 | 0 | 2 | 25.0% |
| Montgomery County | 8 | 0 | 5 | 62.5% |
| Madison County | 8 | 0 | 4 | 50.0% |
| Mobile County | 8 | 0 | 6 | 75.0% |
| Jefferson County | 7 | 0 | 5 | 71.4% |
| Houston County | 6 | 1 | 3 | 50.0% |
| Covington County | 5 | 0 | 3 | 60.0% |
| Morgan County | 4 | 1 | 2 | 50.0% |
| Colbert County | 4 | 1 | 1 | 25.0% |
| Russell County | 3 | 0 | 2 | 66.7% |
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: 96 applications in 2025, of which 4 were originated and 51 denied.
53.1% of all applications, or 92.7% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans HomePromise originated in Alabama in 2025 was 7.06%, against a statewide median of 6.50%.
About this data. Figures are HomePromise'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