Manufacturers and Traders Trust · Alabama · 2025

Manufacturers and Traders Trust in Alabama: approval rate, denial rate and rates (2025)

Manufacturers and Traders Trust took 93 mortgage applications in Alabama in 2025, ranking #238 of 990 lenders active in the state. It originated 44.1% of them and denied 24.7% (35.4% of the applications it decided), against a statewide denial rate of 19.9%.

93Applicationsin AL
35.4%Decision denial ratestate 25.0%
6.25%Median ratestate 6.50%
$165,000Median loanstate $165,000
$9.6MVolume26 counties

Manufacturers and Traders Trust in Alabama vs the state

24.7%Denial rate+4.88 pts vs state
35.4%Decision denial rate+10.38 pts vs state
44.1%Origination rate-11.30 pts vs state
6.25%Median rate-0.25 pts vs state
0.42Rate spread (pts)+0.13 pts vs state
$90kMedian applicant income
41Loans originated
23Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023994523.2%6.63%#203
2024813913.6%5.88%#240
2025934124.7%6.25%#238

What Manufacturers and Traders Trust lends in Alabama

By loan purpose

Home purchase 22 24% · 9.1% denied
Refinance 2 2% · 50.0% denied
Cash-out refinance 45 48% · 35.6% denied
Other / HELOC 24 26% · 16.7% denied

By loan type

Conventional 31 33% · 25.8% denied
FHA 36 39% · 30.6% denied
VA 24 26% · 16.7% denied
USDA / RHS 2 2% · 0.0% denied

Why it denied Alabama applicants

Credit history 10 43%
Other 4 17%
Collateral 2 9%
Insufficient cash 2 9%
Incomplete application 2 9%
Debt-to-income ratio 2 9%
Unverifiable information 1 4%

Where in Alabama

Counties with the most Manufacturers and Traders Trust applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 1335 38.5%
Mobile County 1253 25.0%
Montgomery County 842 25.0%
Madison County 860 0.0%
Shelby County 732 28.6%
Baldwin County 640 0.0%
Tuscaloosa County 531 20.0%
Calhoun County 421 25.0%
Autauga County 421 25.0%
Limestone County 421 25.0%

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: 93 applications in 2025, of which 41 were originated and 23 denied.

24.7% of all applications, or 35.4% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans Manufacturers and Traders Trust originated in Alabama in 2025 was 6.25%, against a statewide median of 6.50%.

About this data. Figures are Manufacturers and Traders Trust'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