Southwest Funding in Alabama vs the state
4.1%Denial rate-15.77 pts vs state
5.2%Decision denial rate-19.85 pts vs state
71.4%Origination rate+16.04 pts vs state
6.75%Median rate+0.25 pts vs state
0.69Rate spread (pts)+0.40 pts vs state
$76kMedian applicant income
175Loans originated
10Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 223 | 155 | 1.8% | 6.88% | #118 |
| 2024 | 234 | 150 | 1.3% | 6.81% | #127 |
| 2025 | 245 | 175 | 4.1% | 6.75% | #137 |
What Southwest Funding lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Southwest Funding applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Tuscaloosa County | 32 | 24 | 0 | 0.0% |
| Lauderdale County | 32 | 20 | 6 | 18.8% |
| Calhoun County | 28 | 22 | 0 | 0.0% |
| Houston County | 26 | 20 | 0 | 0.0% |
| Dale County | 24 | 21 | 0 | 0.0% |
| Jefferson County | 20 | 9 | 0 | 0.0% |
| Talladega County | 10 | 6 | 3 | 30.0% |
| Walker County | 7 | 5 | 0 | 0.0% |
| St. Clair County | 7 | 5 | 0 | 0.0% |
| Geneva County | 7 | 4 | 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: 245 applications in 2025, of which 175 were originated and 10 denied.
4.1% of all applications, or 5.2% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Southwest Funding originated in Alabama in 2025 was 6.75%, against a statewide median of 6.50%.
About this data. Figures are Southwest Funding'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