SouthState Bank · Alabama · 2025

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

SouthState Bank took 1,379 mortgage applications in Alabama in 2025, ranking #37 of 990 lenders active in the state. It originated 66.6% of them and denied 17.8% (20.8% of the applications it decided), against a statewide denial rate of 19.9%.

1.4kApplicationsin AL
20.8%Decision denial ratestate 25.0%
6.50%Median ratestate 6.50%
$185,000Median loanstate $165,000
$256MVolume41 counties

SouthState Bank in Alabama vs the state

17.8%Denial rate-2.08 pts vs state
20.8%Decision denial rate-4.24 pts vs state
66.6%Origination rate+11.18 pts vs state
6.50%Median rate0.00 pts vs state
-0.07Rate spread (pts)-0.36 pts vs state
$82kMedian applicant income
918Loans originated
245Denied

Trend in Alabama

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,18475316.6%6.88%#36
20241,8601,21118.3%6.75%#26
20251,37991817.8%6.50%#37

What SouthState Bank lends in Alabama

By loan purpose

Home purchase 1,008 73% · 15.8% denied
Refinance 89 6% · 19.1% denied
Cash-out refinance 30 2% · 33.3% denied
Home improvement 180 13% · 20.0% denied
Other / HELOC 72 5% · 31.9% denied

By loan type

Conventional 1,226 89% · 17.8% denied
FHA 105 8% · 21.0% denied
VA 44 3% · 9.1% denied
USDA / RHS 4 0% · 25.0% denied

Why it denied Alabama applicants

Debt-to-income ratio 106 43%
Credit history 51 21%
Collateral 41 17%
Other 13 5%
Employment history 12 5%
Unverifiable information 11 4%
Insufficient cash 7 3%
Incomplete application 4 2%

Where in Alabama

Counties with the most SouthState Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Jefferson County 59139399 16.8%
Baldwin County 19314714 7.3%
Madison County 16011923 14.4%
Lee County 1408638 27.1%
Limestone County 53326 11.3%
Chambers County 472814 29.8%
Shelby County 382411 28.9%
Morgan County 17140 0.0%
Walker County 1538 53.3%
Montgomery County 1245 41.7%

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: 1,379 applications in 2025, of which 918 were originated and 245 denied.

17.8% of all applications, or 20.8% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.

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

About this data. Figures are SouthState 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