Renasant Bank · Alabama · 2025

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

Renasant Bank took 2,508 mortgage applications in Alabama in 2025, ranking #19 of 990 lenders active in the state. It originated 78.4% of them and denied 7.3% (8.4% of the applications it decided), against a statewide denial rate of 19.9%.

2.5kApplicationsin AL
8.4%Decision denial ratestate 25.0%
6.63%Median ratestate 6.50%
$235,000Median loanstate $165,000
$570MVolume55 counties

Renasant Bank in Alabama vs the state

7.3%Denial rate-12.55 pts vs state
8.4%Decision denial rate-16.56 pts vs state
78.4%Origination rate+23.00 pts vs state
6.63%Median rate+0.13 pts vs state
0.18Rate spread (pts)-0.11 pts vs state
$102kMedian applicant income
1,966Loans originated
183Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,4491,7908.5%6.63%#15
20242,2191,7087.0%6.63%#22
20252,5081,9667.3%6.63%#19

What Renasant Bank lends in Alabama

By loan purpose

Home purchase 1,658 66% · 5.0% denied
Refinance 445 18% · 6.7% denied
Cash-out refinance 158 6% · 6.3% denied
Home improvement 68 3% · 13.2% denied
Other / HELOC 179 7% · 28.5% denied

By loan type

Conventional 1,841 73% · 7.4% denied
FHA 434 17% · 7.1% denied
VA 168 7% · 4.8% denied
USDA / RHS 65 3% · 12.3% denied

Why it denied Alabama applicants

Debt-to-income ratio 63 34%
Credit history 42 23%
Collateral 27 15%
Incomplete application 19 10%
Other 14 8%
Insufficient cash 7 4%
Unverifiable information 7 4%
Employment history 3 2%
Mortgage insurance denied 1 1%

Where in Alabama

Counties with the most Renasant Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 42431635 8.3%
Montgomery County 2661929 3.4%
Lee County 2091824 1.9%
Mobile County 19214321 10.9%
Shelby County 16512212 7.3%
Baldwin County 120917 5.8%
Madison County 116918 6.9%
Morgan County 1067912 11.3%
Etowah County 91808 8.8%
Elmore County 71663 4.2%

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: 2,508 applications in 2025, of which 1,966 were originated and 183 denied.

7.3% of all applications, or 8.4% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans Renasant Bank originated in Alabama in 2025 was 6.63%, against a statewide median of 6.50%.

About this data. Figures are Renasant 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