New Horizons Credit Union in Alabama vs the state
22.8%Denial rate+2.94 pts vs state
26.5%Decision denial rate+1.49 pts vs state
61.9%Origination rate+6.47 pts vs state
6.99%Median rate+0.49 pts vs state
6.72Rate spread (pts)+6.43 pts vs state
$112kMedian applicant income
133Loans originated
49Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 191 | 123 | 24.1% | 6.50% | #135 |
| 2024 | 204 | 129 | 28.4% | 6.50% | #146 |
| 2025 | 215 | 133 | 22.8% | 6.99% | #149 |
What New Horizons Credit Union lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most New Horizons Credit Union applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Mobile County | 160 | 92 | 44 | 27.5% |
| Baldwin County | 52 | 39 | 5 | 9.6% |
| Clarke County | 2 | 2 | 0 | 0.0% |
| Washington County | 1 | 0 | 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: 215 applications in 2025, of which 133 were originated and 49 denied.
22.8% of all applications, or 26.5% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans New Horizons Credit Union originated in Alabama in 2025 was 6.99%, against a statewide median of 6.50%.
About this data. Figures are New Horizons 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