Merchants & Marine Bank in Alabama vs the state
5.8%Denial rate-14.08 pts vs state
6.8%Decision denial rate-18.18 pts vs state
73.1%Origination rate+17.69 pts vs state
7.25%Median rate+0.75 pts vs state
-0.12Rate spread (pts)-0.41 pts vs state
$106kMedian applicant income
38Loans originated
3Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 65 | 51 | 10.8% | 7.75% | #253 |
| 2024 | 42 | 27 | 11.9% | 7.19% | #318 |
| 2025 | 52 | 38 | 5.8% | 7.25% | #308 |
What Merchants & Marine Bank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Merchants & Marine Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Baldwin County | 40 | 31 | 2 | 5.0% |
| Mobile County | 10 | 6 | 1 | 10.0% |
| Monroe County | 1 | 0 | 0 | 0.0% |
| Lee County | 1 | 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: 52 applications in 2025, of which 38 were originated and 3 denied.
5.8% of all applications, or 6.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Merchants & Marine Bank originated in Alabama in 2025 was 7.25%, against a statewide median of 6.50%.
About this data. Figures are Merchants & Marine Bank'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