Mid-Continent Funding in Alabama vs the state
6.0%Denial rate-13.85 pts vs state
8.3%Decision denial rate-16.67 pts vs state
60.0%Origination rate+4.61 pts vs state
6.75%Median rate+0.25 pts vs state
0.27Rate spread (pts)-0.02 pts vs state
$74kMedian applicant income
30Loans originated
3Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 56 | 24 | 17.9% | 6.50% | #265 |
| 2024 | 52 | 35 | 7.7% | 6.13% | #284 |
| 2025 | 50 | 30 | 6.0% | 6.75% | #315 |
What Mid-Continent Funding lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Mid-Continent Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Montgomery County | 6 | 3 | 1 | 16.7% |
| Jefferson County | 5 | 2 | 1 | 20.0% |
| Russell County | 4 | 3 | 1 | 25.0% |
| Lee County | 4 | 3 | 0 | 0.0% |
| Madison County | 3 | 2 | 0 | 0.0% |
| Baldwin County | 3 | 2 | 0 | 0.0% |
| Elmore County | 3 | 1 | 0 | 0.0% |
| DeKalb County | 2 | 2 | 0 | 0.0% |
| Limestone County | 2 | 1 | 0 | 0.0% |
| Lauderdale County | 2 | 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: 50 applications in 2025, of which 30 were originated and 3 denied.
6.0% of all applications, or 8.3% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Mid-Continent Funding originated in Alabama in 2025 was 6.75%, against a statewide median of 6.50%.
About this data. Figures are Mid-Continent Funding'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