Wells Fargo Bank in Alabama vs the state
20.9%Denial rate+1.08 pts vs state
29.4%Decision denial rate+4.37 pts vs state
50.2%Origination rate-5.15 pts vs state
6.38%Median rate-0.13 pts vs state
0.21Rate spread (pts)-0.08 pts vs state
$85kMedian applicant income
516Loans originated
215Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 1,616 | 742 | 28.6% | 6.38% | #26 |
| 2024 | 1,185 | 535 | 25.4% | 6.50% | #41 |
| 2025 | 1,027 | 516 | 20.9% | 6.38% | #50 |
What Wells Fargo Bank lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Wells Fargo Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Jefferson County | 172 | 84 | 41 | 23.8% |
| Madison County | 118 | 67 | 15 | 12.7% |
| Mobile County | 94 | 41 | 25 | 26.6% |
| Baldwin County | 70 | 30 | 15 | 21.4% |
| Shelby County | 67 | 39 | 8 | 11.9% |
| Montgomery County | 36 | 13 | 11 | 30.6% |
| Houston County | 31 | 15 | 7 | 22.6% |
| Limestone County | 28 | 13 | 5 | 17.9% |
| Etowah County | 27 | 13 | 6 | 22.2% |
| Tuscaloosa County | 27 | 16 | 3 | 11.1% |
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: 1,027 applications in 2025, of which 516 were originated and 215 denied.
20.9% of all applications, or 29.4% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Wells Fargo Bank originated in Alabama in 2025 was 6.38%, against a statewide median of 6.50%.
About this data. Figures are Wells Fargo 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