Sofi Bank in Alabama vs the state
9.1%Denial rate-10.77 pts vs state
24.4%Decision denial rate-0.59 pts vs state
27.5%Origination rate-27.86 pts vs state
7.29%Median rate+0.79 pts vs state
1.17Rate spread (pts)+0.88 pts vs state
$115kMedian applicant income
188Loans originated
62Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 108 | 38 | 16.7% | 6.81% | #187 |
| 2024 | 150 | 47 | 17.3% | 6.63% | #174 |
| 2025 | 683 | 188 | 9.1% | 7.29% | #69 |
What Sofi Bank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 108 | 52 | 5 | 4.6% |
| Jefferson County | 98 | 26 | 7 | 7.1% |
| Baldwin County | 63 | 16 | 11 | 17.5% |
| Mobile County | 54 | 13 | 4 | 7.4% |
| Shelby County | 32 | 10 | 5 | 15.6% |
| Lee County | 25 | 9 | 1 | 4.0% |
| Tuscaloosa County | 21 | 6 | 2 | 9.5% |
| Limestone County | 18 | 10 | 2 | 11.1% |
| Montgomery County | 18 | 4 | 1 | 5.6% |
| Calhoun County | 17 | 2 | 1 | 5.9% |
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: 683 applications in 2025, of which 188 were originated and 62 denied.
9.1% of all applications, or 24.4% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Sofi Bank originated in Alabama in 2025 was 7.29%, against a statewide median of 6.50%.
About this data. Figures are Sofi 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