Navy Federal Credit Union in Alabama vs the state
20.6%Denial rate+0.71 pts vs state
30.2%Decision denial rate+5.24 pts vs state
46.5%Origination rate-8.94 pts vs state
6.88%Median rate+0.38 pts vs state
0.23Rate spread (pts)-0.06 pts vs state
$110kMedian applicant income
1,525Loans originated
675Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,996 | 1,219 | 29.2% | 6.95% | #14 |
| 2024 | 2,963 | 1,391 | 22.1% | 7.34% | #12 |
| 2025 | 3,283 | 1,525 | 20.6% | 6.88% | #12 |
What Navy Federal Credit Union lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Navy Federal Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 412 | 216 | 67 | 16.3% |
| Baldwin County | 398 | 208 | 62 | 15.6% |
| Jefferson County | 286 | 121 | 76 | 26.6% |
| Mobile County | 241 | 99 | 50 | 20.7% |
| Montgomery County | 238 | 93 | 68 | 28.6% |
| Lee County | 151 | 58 | 36 | 23.8% |
| Shelby County | 138 | 70 | 26 | 18.8% |
| Coffee County | 129 | 64 | 28 | 21.7% |
| Russell County | 107 | 49 | 26 | 24.3% |
| Limestone County | 94 | 59 | 11 | 11.7% |
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: 3,283 applications in 2025, of which 1,525 were originated and 675 denied.
20.6% of all applications, or 30.2% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Navy Federal Credit Union originated in Alabama in 2025 was 6.88%, against a statewide median of 6.50%.
About this data. Figures are Navy Federal Credit Union'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