Pennymac Loan Services in Alabama vs the state
11.6%Denial rate-8.25 pts vs state
18.3%Decision denial rate-6.67 pts vs state
49.6%Origination rate-5.79 pts vs state
6.25%Median rate-0.25 pts vs state
0.25Rate spread (pts)-0.03 pts vs state
$93kMedian applicant income
1,791Loans originated
419Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 2,045 | 1,105 | 13.0% | 6.38% | #20 |
| 2024 | 2,736 | 1,381 | 11.5% | 6.25% | #15 |
| 2025 | 3,611 | 1,791 | 11.6% | 6.25% | #10 |
What Pennymac Loan Services lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Pennymac Loan Services applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 415 | 206 | 45 | 10.8% |
| Jefferson County | 377 | 183 | 41 | 10.9% |
| Baldwin County | 254 | 109 | 32 | 12.6% |
| Mobile County | 238 | 98 | 33 | 13.9% |
| Shelby County | 211 | 116 | 21 | 10.0% |
| Lee County | 210 | 144 | 15 | 7.1% |
| Limestone County | 136 | 62 | 15 | 11.0% |
| Tuscaloosa County | 136 | 67 | 17 | 12.5% |
| Montgomery County | 129 | 68 | 19 | 14.7% |
| Morgan County | 107 | 54 | 15 | 14.0% |
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% |
| Trustmark National Bank | C | 3,443 | 10.3% | 6.50% |
Frequently asked questions
Alabama: 3,611 applications in 2025, of which 1,791 were originated and 419 denied.
11.6% of all applications, or 18.3% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Pennymac Loan Services originated in Alabama in 2025 was 6.25%, against a statewide median of 6.50%.
About this data. Figures are Pennymac Loan Services'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