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Cherokee County, Alabama · 2025

Mortgage lenders in Cherokee County, AL: denial rates and top lenders (2025)

168 lenders acted on 1,102 mortgage applications for properties in Cherokee County in 2025. 24.4% were denied (Alabama: 19.9%). Median rate on closed loans 6.63%; median loan $155,000; median property value $285,000.

1.1kApplications
24.4%Denial ratestate 19.9%
6.63%Median ratestate 6.50%
$155,000Median loan
$285,000Median property value

Largest lenders in Cherokee County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 Vanderbilt Mortgage and Finance F 11216 39.3%10.25%
2 Regions Bank C 8229 47.6%4.99%
3 United Shore Financial Services B 6956 5.8%6.19%
4 Rocket Mortgage C 6646 13.6%6.81%
5 21st Mortgage F 6013 48.3%9.33%
6 Emblem Credit Union C 4419 36.4%6.75%
7 Triad Financial Services D 273 59.3%8.53%
8 Loandepot.Com D 2211 31.8%6.38%
9 Family Savings Credit Union B 2118 9.5%6.50%
10 AmeriSave Mortgage D 173 76.5%7.50%
11 Alabama One D 1713 17.7%6.88%
12 Trustmark National Bank C 1712 5.9%6.88%
13 Pennymac Loan Services C 169 0.0%5.88%
14 First Federal Bank, A B 168 0.0%6.25%
15 Mortgage Research Center C 163 12.5%6.75%
16 Crosscountry Mortgage B 1510 20.0%6.63%
17 United Community Bank B 1411 7.1%6.63%
18 Broker Solutions D 144 7.1%6.25%
19 FirstBank C 133 69.2%7.38%
20 Kind Lending C 139 23.1%6.38%
21 Cardinal Financial Company, Limited Partnership B 128 8.3%6.69%
22 Stockton Mortgage D 1211 8.3%6.25%
23 Newrez D 124 16.7%6.06%
24 Renasant Bank B 1212 0.0%6.63%
25 Spring Eq D 92 66.7%8.86%

Best approval odds in Cherokee County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1United Shore Financial Services606.7%
2Rocket Mortgage5715.8%
3Regions Bank7651.3%
4Vanderbilt Mortgage and Finance6271.0%

What Cherokee County borrowers applied for

By loan purpose

Home purchase 548 50% · 24.1% denied
Refinance 161 15% · 11.8% denied
Cash-out refinance 197 18% · 26.4% denied
Home improvement 71 6% · 42.3% denied
Other / HELOC 125 11% · 28.8% denied

By loan type

Conventional 834 76% · 27.5% denied
FHA 181 16% · 17.1% denied
VA 69 6% · 8.7% denied
USDA / RHS 18 2% · 16.7% denied

Why applications were denied

Credit history 89 34%
Debt-to-income ratio 66 25%
Collateral 37 14%
Incomplete application 29 11%
Unverifiable information 21 8%
Other 13 5%
Insufficient cash 7 3%
Employment history 3 1%

Cherokee County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202380836927.6%7.25%$145,000
202484343126.8%6.99%$155,000
20251,10253524.4%6.63%$155,000

Frequently asked questions

24.4% of applications in Cherokee County were denied in 2025, against 19.9% statewide in Alabama.

Vanderbilt Mortgage and Finance, with 112 applications in 2025 and a denial rate of 39.3%.

The median mortgage application in Cherokee County in 2025 was for $155,000; the median property value on originated loans was $285,000.