Old National Bank · Alabama · 2025

Old National Bank in Alabama: approval rate, denial rate and rates (2025)

Old National Bank took 30 mortgage applications in Alabama in 2025, ranking #358 of 990 lenders active in the state. It originated 53.3% of them and denied 10.0% (15.8% of the applications it decided), against a statewide denial rate of 19.9%.

30Applicationsin AL
15.8%Decision denial ratestate 25.0%
6.13%Median ratestate 6.50%
$325,000Median loanstate $165,000
$5.6MVolume14 counties

Old National Bank in Alabama vs the state

10.0%Denial rate-9.85 pts vs state
15.8%Decision denial rate-9.21 pts vs state
53.3%Origination rate-2.06 pts vs state
6.13%Median rate-0.38 pts vs state
-0.22Rate spread (pts)-0.51 pts vs state
$143kMedian applicant income
16Loans originated
3Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231268.3%6.50%#425
202432239.4%6.13%#337
2025301610.0%6.13%#358

What Old National Bank lends in Alabama

By loan purpose

Home purchase 22 73% · 9.1% denied
Refinance 4 13% · 0.0% denied
Cash-out refinance 2 7% · 0.0% denied
Other / HELOC 2 7% · 50.0% denied

By loan type

Conventional 23 77% · 8.7% denied
FHA 1 3% · 0.0% denied
VA 6 20% · 16.7% denied

Why it denied Alabama applicants

Debt-to-income ratio 2 67%
Credit history 1 33%

Where in Alabama

Counties with the most Old National Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Limestone County 531 20.0%
Madison County 520 0.0%
Baldwin County 321 33.3%
Shelby County 320 0.0%
Jefferson County 210 0.0%
Lauderdale County 211 50.0%
Lee County 200 0.0%
Etowah County 210 0.0%
Houston County 110 0.0%
Montgomery County 110 0.0%

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: 30 applications in 2025, of which 16 were originated and 3 denied.

10.0% of all applications, or 15.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans Old National Bank originated in Alabama in 2025 was 6.13%, against a statewide median of 6.50%.

About this data. Figures are Old National 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