Planet Home Lending in Alabama vs the state
15.0%Denial rate-4.82 pts vs state
15.5%Decision denial rate-9.55 pts vs state
80.8%Origination rate+25.40 pts vs state
6.00%Median rate-0.50 pts vs state
0.06Rate spread (pts)-0.23 pts vs state
$84kMedian applicant income
387Loans originated
72Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 204 | 142 | 26.0% | 6.75% | #126 |
| 2024 | 368 | 281 | 20.1% | 6.38% | #97 |
| 2025 | 479 | 387 | 15.0% | 6.00% | #84 |
What Planet Home Lending lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Planet Home Lending applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 87 | 77 | 6 | 6.9% |
| Jefferson County | 46 | 36 | 8 | 17.4% |
| Limestone County | 31 | 29 | 1 | 3.2% |
| Baldwin County | 31 | 21 | 8 | 25.8% |
| Lauderdale County | 30 | 22 | 6 | 20.0% |
| Shelby County | 25 | 21 | 2 | 8.0% |
| Mobile County | 24 | 19 | 4 | 16.7% |
| Lee County | 21 | 15 | 6 | 28.6% |
| Morgan County | 18 | 16 | 2 | 11.1% |
| Colbert County | 15 | 11 | 4 | 26.7% |
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: 479 applications in 2025, of which 387 were originated and 72 denied.
15.0% of all applications, or 15.5% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Planet Home Lending originated in Alabama in 2025 was 6.00%, against a statewide median of 6.50%.
About this data. Figures are Planet Home Lending'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