Homexpress Mortgage · Alabama · 2025

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

Homexpress Mortgage took 334 mortgage applications in Alabama in 2025, ranking #108 of 990 lenders active in the state. It originated 56.3% of them and denied 41.3% (42.1% of the applications it decided), against a statewide denial rate of 19.9%.

334Applicationsin AL
42.1%Decision denial ratestate 25.0%
7.50%Median ratestate 6.50%
$180,000Median loanstate $165,000
$45MVolume28 counties

Homexpress Mortgage in Alabama vs the state

41.3%Denial rate+21.47 pts vs state
42.1%Decision denial rate+17.07 pts vs state
56.3%Origination rate+0.90 pts vs state
7.50%Median rate+1.00 pts vs state
1.00Rate spread (pts)+0.72 pts vs state
$154kMedian applicant income
188Loans originated
138Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023472840.4%8.75%#287
20241146541.2%7.63%#202
202533418841.3%7.50%#108

What Homexpress Mortgage lends in Alabama

By loan purpose

Home purchase 95 28% · 36.8% denied
Refinance 37 11% · 51.4% denied
Cash-out refinance 202 60% · 41.6% denied

By loan type

Conventional 326 98% · 41.4% denied
FHA 5 1% · 20.0% denied
VA 3 1% · 66.7% denied

Why it denied Alabama applicants

Credit history 109 79%
Collateral 17 12%
Debt-to-income ratio 5 4%
Unverifiable information 4 3%
Incomplete application 2 1%
Insufficient cash 1 1%

Where in Alabama

Counties with the most Homexpress Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 683731 45.6%
Madison County 492425 51.0%
Baldwin County 463114 30.4%
Morgan County 301614 46.7%
Mobile County 231013 56.5%
Chilton County 19112 10.5%
Montgomery County 18144 22.2%
Cullman County 1394 30.8%
Shelby County 1266 50.0%
Limestone County 1284 33.3%

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: 334 applications in 2025, of which 188 were originated and 138 denied.

41.3% of all applications, or 42.1% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans Homexpress Mortgage originated in Alabama in 2025 was 7.50%, against a statewide median of 6.50%.

About this data. Figures are Homexpress Mortgage'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