SmartBank in Alabama vs the state
8.1%Denial rate-11.73 pts vs state
8.4%Decision denial rate-16.61 pts vs state
83.8%Origination rate+28.38 pts vs state
7.25%Median rate+0.75 pts vs state
0.26Rate spread (pts)-0.03 pts vs state
$172kMedian applicant income
258Loans originated
25Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 184 | 159 | 6.0% | 7.50% | #138 |
| 2024 | 215 | 174 | 5.6% | 7.86% | #138 |
| 2025 | 308 | 258 | 8.1% | 7.25% | #123 |
What SmartBank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most SmartBank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 76 | 66 | 4 | 5.3% |
| Tuscaloosa County | 62 | 43 | 12 | 19.4% |
| Houston County | 21 | 19 | 1 | 4.8% |
| Baldwin County | 21 | 18 | 3 | 14.3% |
| Mobile County | 16 | 12 | 2 | 12.5% |
| Limestone County | 15 | 12 | 0 | 0.0% |
| Jefferson County | 13 | 12 | 1 | 7.7% |
| Washington County | 10 | 10 | 0 | 0.0% |
| Montgomery County | 10 | 8 | 2 | 20.0% |
| Clarke County | 9 | 7 | 0 | 0.0% |
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: 308 applications in 2025, of which 258 were originated and 25 denied.
8.1% 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 SmartBank originated in Alabama in 2025 was 7.25%, against a statewide median of 6.50%.
About this data. Figures are SmartBank'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