Largest mortgage lenders in Alabama
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Regions Bank | C | 11,871 | 5,523 | 37.2% | 4.99% |
| 2 | Rocket Mortgage | C | 9,941 | 6,770 | 20.5% | 6.63% |
| 3 | Vanderbilt Mortgage and Finance | F | 8,461 | 1,426 | 41.4% | 9.50% |
| 4 | United Shore Financial Services | B | 7,689 | 5,482 | 12.0% | 6.13% |
| 5 | 21st Mortgage | F | 6,507 | 1,274 | 46.0% | 9.98% |
| 6 | Mortgage Research Center | C | 5,107 | 2,471 | 18.4% | 6.25% |
| 7 | REDSTONE Federal Credit Union | C | 4,548 | 2,768 | 18.9% | 8.13% |
| 8 | Dhi Mortgage Company | B | 3,909 | 2,376 | 17.5% | 4.99% |
| 9 | Freedom Mortgage | B | 3,725 | 1,669 | 8.7% | 6.25% |
| 10 | Pennymac Loan Services | C | 3,611 | 1,791 | 11.6% | 6.25% |
| 11 | Trustmark National Bank | C | 3,443 | 2,645 | 10.3% | 6.50% |
| 12 | Navy Federal Credit Union | D | 3,283 | 1,525 | 20.6% | 6.88% |
| 13 | FirstBank | C | 3,190 | 1,712 | 27.0% | 6.63% |
| 14 | PNC Bank | D | 2,895 | 1,357 | 33.2% | 7.76% |
| 15 | Guild Mortgage | A | 2,742 | 1,892 | 3.8% | 6.50% |
| 16 | Newrez | D | 2,730 | 938 | 19.0% | 6.49% |
| 17 | Loandepot.Com | D | 2,696 | 1,346 | 29.9% | 6.75% |
| 18 | Broker Solutions | D | 2,590 | 933 | 10.3% | 6.75% |
| 19 | Renasant Bank | B | 2,508 | 1,966 | 7.3% | 6.63% |
| 20 | Cadence Bank | B | 2,500 | 1,759 | 16.0% | 6.88% |
| 21 | Fairway Independent Mortgage | B | 2,494 | 1,902 | 4.1% | 6.63% |
| 22 | Triad Financial Services | D | 2,469 | 587 | 39.7% | 8.54% |
| 23 | AmeriSave Mortgage | D | 2,365 | 522 | 66.3% | 7.50% |
| 24 | Movement Mortgage | A | 2,284 | 1,644 | 4.9% | 6.63% |
| 25 | America'S First | B | 2,166 | 1,508 | 15.7% | 5.75% |
Best approval odds in Alabama
Lowest decision denial rate among lenders that decided at least 300 Alabama applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Heritage Mortgage | 438 | 0.2% | 5.99% |
| 2 | Unnamed lender 2549005Z23HAAZ6QDM98 | 373 | 0.8% | 6.63% |
| 3 | Canopy Mortgage | 1,205 | 0.8% | 6.25% |
| 4 | Hamilton Mortgage | 318 | 0.9% | 6.25% |
| 5 | GMFS | 492 | 2.2% | 6.38% |
| 6 | Ark-La-Tex Financial Services, LLC. | 324 | 2.5% | 6.50% |
| 7 | Listerhill Credit Union | 531 | 2.8% | 6.00% |
| 8 | Mortgage Investors Group | 341 | 3.2% | 6.50% |
| 9 | Coastal Community Bank | 1,192 | 3.3% | 10.49% |
| 10 | Fbc Mortgage | 331 | 3.3% | 6.13% |
Lowest median rates in Alabama
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | MAX Credit Union | 703 | 4.50% | 22.1% |
| 2 | Lennar Mortgage | 920 | 4.75% | 13.1% |
| 3 | Avadian | 1,005 | 4.99% | 18.1% |
| 4 | Dhi Mortgage Company | 2,310 | 4.99% | 17.5% |
| 5 | Regions Bank | 5,523 | 4.99% | 37.2% |
| 6 | Alabama Credit Union | 115 | 5.75% | 16.6% |
| 7 | Lendlo Mortgage | 157 | 5.75% | 2.6% |
| 8 | Village Capital & Investment | 251 | 5.75% | 23.2% |
| 9 | America'S First | 1,508 | 5.75% | 15.7% |
| 10 | Hancock Whitney Bank | 203 | 5.88% | 18.9% |
What Alabama borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Alabama applications were denied
Alabama mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 176,505 | 95,903 | 21.6% | 6.88% | $155,000 | 990 |
| 2024 | 189,175 | 104,584 | 21.1% | 6.75% | $155,000 | 957 |
| 2025 | 207,840 | 115,118 | 19.9% | 6.50% | $165,000 | 990 |
Alabama counties
Counties with at least 200 applications in 2025, most active first.
Frequently asked questions
19.9% of mortgage applications in Alabama were denied in 2025 (25.0% of applications that reached a decision). Nationally the rate was 18.0%.
Regions Bank handled the most applications in Alabama in 2025: 11,871, with a denial rate of 37.2%.
Among lenders that decided at least 300 applications in Alabama, Heritage Mortgage had the lowest decision denial rate at 0.2%.
The median interest rate on loans originated in Alabama in 2025 was 6.50%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.