Peoples Bank of Alabama · Alabama · 2025

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

Peoples Bank of Alabama took 163 mortgage applications in Alabama in 2025, ranking #171 of 990 lenders active in the state. It originated 51.5% of them and denied 18.4% (23.1% of the applications it decided), against a statewide denial rate of 19.9%.

163Applicationsin AL
23.1%Decision denial ratestate 25.0%
Median ratestate 6.50%
$155,000Median loanstate $165,000
$18MVolume19 counties

Peoples Bank of Alabama in Alabama vs the state

18.4%Denial rate-1.45 pts vs state
23.1%Decision denial rate-1.92 pts vs state
51.5%Origination rate-3.86 pts vs state
Median rate
Rate spread (pts)
$84kMedian applicant income
84Loans originated
30Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
202321811919.7%#122
20241488016.9%#175
20251638418.4%#171

What Peoples Bank of Alabama lends in Alabama

By loan purpose

Home purchase 92 56% · 15.2% denied
Refinance 44 27% · 18.2% denied
Cash-out refinance 10 6% · 40.0% denied
Home improvement 8 5% · 25.0% denied
Other / HELOC 9 6% · 22.2% denied

By loan type

Conventional 158 97% · 18.4% denied
FHA 5 3% · 20.0% denied

Where in Alabama

Counties with the most Peoples Bank of Alabama applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Cullman County 452412 26.7%
Marshall County 25156 24.0%
Morgan County 23111 4.3%
Blount County 1371 7.7%
Jefferson County 1262 16.7%
Madison County 961 11.1%
Etowah County 843 37.5%
Cherokee County 841 12.5%
Winston County 410 0.0%
Lawrence County 310 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: 163 applications in 2025, of which 84 were originated and 30 denied.

18.4% of all applications, or 23.1% 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 of Alabama'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