Peoples Bank · Alabama · 2025

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

Peoples Bank took 13 mortgage applications in Alabama in 2025, ranking #436 of 990 lenders active in the state. It originated 69.2% of them and denied 30.8% (30.8% of the applications it decided), against a statewide denial rate of 19.9%.

13Applicationsin AL
30.8%Decision denial ratestate 25.0%
Median ratestate 6.50%
$185,000Median loanstate $165,000
$2.5MVolume9 counties

Peoples Bank in Alabama vs the state

30.8%Denial rate+10.92 pts vs state
30.8%Decision denial rate+5.77 pts vs state
69.2%Origination rate+13.84 pts vs state
Median rate
Rate spread (pts)
$73kMedian applicant income
9Loans originated
4Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
202313615.4%#422
202415933.3%#419
202513930.8%#436

What Peoples Bank lends in Alabama

By loan purpose

Home purchase 7 54% · 14.3% denied
Cash-out refinance 6 46% · 50.0% denied

By loan type

Conventional 1 8% · 0.0% denied
FHA 10 77% · 30.0% denied
VA 1 8% · 100.0% denied
USDA / RHS 1 8% · 0.0% denied

Where in Alabama

Counties with the most Peoples Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Henry County 303 100.0%
Pickens County 211 50.0%
Mobile County 220 0.0%
Clarke County 110 0.0%
Montgomery County 110 0.0%
Tallapoosa County 110 0.0%
Lee County 110 0.0%
Calhoun County 110 0.0%
Franklin 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: 13 applications in 2025, of which 9 were originated and 4 denied.

30.8% of all applications, or 30.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Peoples 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