Loan Funder in Alabama vs the state
10.3%Denial rate-9.58 pts vs state
16.5%Decision denial rate-8.53 pts vs state
52.1%Origination rate-3.31 pts vs state
7.68%Median rate+1.18 pts vs state
—Rate spread (pts)
—Median applicant income
213Loans originated
42Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 90 | 38 | 2.2% | 10.75% | #216 |
| 2024 | 291 | 105 | 15.1% | 10.24% | #107 |
| 2025 | 409 | 213 | 10.3% | 7.68% | #98 |
What Loan Funder lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Loan Funder applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jefferson County | 266 | 144 | 25 | 9.4% |
| Mobile County | 42 | 26 | 3 | 7.1% |
| Montgomery County | 27 | 15 | 3 | 11.1% |
| Madison County | 11 | 6 | 1 | 9.1% |
| Tuscaloosa County | 10 | 5 | 0 | 0.0% |
| Calhoun County | 5 | 1 | 0 | 0.0% |
| Shelby County | 4 | 0 | 2 | 50.0% |
| St. Clair County | 4 | 3 | 0 | 0.0% |
| Morgan County | 4 | 1 | 0 | 0.0% |
| Chambers County | 4 | 1 | 0 | 0.0% |
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: 409 applications in 2025, of which 213 were originated and 42 denied.
10.3% of all applications, or 16.5% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Loan Funder originated in Alabama in 2025 was 7.68%, against a statewide median of 6.50%.
About this data. Figures are Loan Funder'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