Service Federal Credit Union · Alabama · 2025

Service Federal Credit Union in Alabama: approval rate, denial rate and rates (2025)

Service Federal Credit Union took 19 mortgage applications in Alabama in 2025, ranking #400 of 990 lenders active in the state. It originated 31.6% of them and denied 21.1% (33.3% of the applications it decided), against a statewide denial rate of 19.9%.

19Applicationsin AL
33.3%Decision denial ratestate 25.0%
6.31%Median ratestate 6.50%
$255,000Median loanstate $165,000
$1.3MVolume10 counties

Service Federal Credit Union in Alabama vs the state

21.1%Denial rate+1.20 pts vs state
33.3%Decision denial rate+8.33 pts vs state
31.6%Origination rate-23.81 pts vs state
6.31%Median rate-0.19 pts vs state
-0.05Rate spread (pts)-0.34 pts vs state
$141kMedian applicant income
6Loans originated
4Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
202314921.4%6.00%#416
20249511.1%6.88%#474
202519621.1%6.31%#400

What Service Federal Credit Union lends in Alabama

By loan purpose

Home purchase 7 37% · 0.0% denied
Cash-out refinance 2 11% · 0.0% denied
Home improvement 6 32% · 33.3% denied
Other / HELOC 4 21% · 50.0% denied

By loan type

Conventional 15 79% · 26.7% denied
VA 4 21% · 0.0% denied

Why it denied Alabama applicants

Credit history 2 50%
Collateral 2 50%

Where in Alabama

Counties with the most Service Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Madison County 912 22.2%
Russell County 210 0.0%
Lee County 110 0.0%
Mobile County 100 0.0%
Morgan County 101 100.0%
Baldwin County 110 0.0%
Tuscaloosa County 110 0.0%
Coffee County 100 0.0%
Limestone County 101 100.0%
Jefferson 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: 19 applications in 2025, of which 6 were originated and 4 denied.

21.1% of all applications, or 33.3% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

The median rate on loans Service Federal Credit Union originated in Alabama in 2025 was 6.31%, against a statewide median of 6.50%.

About this data. Figures are Service Federal Credit Union'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