Plaza Home Mortgage · Alabama · 2025

Plaza Home Mortgage in Alabama: approval rate, denial rate and rates (2025)

Plaza Home Mortgage took 332 mortgage applications in Alabama in 2025, ranking #110 of 990 lenders active in the state. It originated 59.0% of them and denied 28.9% (32.5% of the applications it decided), against a statewide denial rate of 19.9%.

332Applicationsin AL
32.5%Decision denial ratestate 25.0%
6.63%Median ratestate 6.50%
$205,000Median loanstate $165,000
$46MVolume39 counties

Plaza Home Mortgage in Alabama vs the state

28.9%Denial rate+9.07 pts vs state
32.5%Decision denial rate+7.54 pts vs state
59.0%Origination rate+3.65 pts vs state
6.63%Median rate+0.13 pts vs state
0.39Rate spread (pts)+0.10 pts vs state
$86kMedian applicant income
196Loans originated
96Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023913224.2%6.63%#214
202421311531.9%7.25%#140
202533219628.9%6.63%#110

What Plaza Home Mortgage lends in Alabama

By loan purpose

Home purchase 235 71% · 25.5% denied
Refinance 25 8% · 32.0% denied
Cash-out refinance 72 22% · 38.9% denied

By loan type

Conventional 123 37% · 30.1% denied
FHA 130 39% · 30.8% denied
VA 65 20% · 23.1% denied
USDA / RHS 14 4% · 28.6% denied

Why it denied Alabama applicants

Other 58 60%
Unverifiable information 15 16%
Debt-to-income ratio 12 13%
Collateral 4 4%
Insufficient cash 4 4%
Credit history 3 3%

Where in Alabama

Counties with the most Plaza Home Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Madison County 473311 23.4%
Jefferson County 432313 30.2%
Mobile County 261013 50.0%
Shelby County 18133 16.7%
Baldwin County 17125 29.4%
Limestone County 15101 6.7%
Montgomery County 1484 28.6%
Cullman County 1482 14.3%
Houston County 1356 46.2%
Morgan County 1282 16.7%

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: 332 applications in 2025, of which 196 were originated and 96 denied.

28.9% of all applications, or 32.5% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans Plaza Home Mortgage originated in Alabama in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Plaza Home Mortgage'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