Largest lenders in Covington County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | CCB Community Bank | A | 115 | 101 | 2.6% | — |
| 2 | All in Federal Credit Union | D | 94 | 51 | 36.2% | 7.50% |
| 3 | 21st Mortgage | F | 80 | 24 | 37.5% | 9.55% |
| 4 | Rocket Mortgage | C | 76 | 44 | 29.0% | 6.81% |
| 5 | Vanderbilt Mortgage and Finance | F | 63 | 9 | 31.8% | 10.75% |
| 6 | Movement Mortgage | A | 58 | 40 | 8.6% | 6.63% |
| 7 | Mortgage Research Center | C | 42 | 19 | 23.8% | 6.25% |
| 8 | United Shore Financial Services | B | 36 | 30 | 8.3% | 6.00% |
| 9 | Regions Bank | C | 34 | 11 | 55.9% | 6.50% |
| 10 | Navy Federal Credit Union | D | 32 | 13 | 25.0% | 6.13% |
| 11 | AmeriSave Mortgage | D | 30 | 6 | 70.0% | 7.00% |
| 12 | New Day Financial | F | 29 | 7 | 17.2% | 7.25% |
| 13 | Union Home Mortgage | B | 23 | 19 | 8.7% | 6.13% |
| 14 | Guardian Credit Union | D | 21 | 7 | 57.1% | 8.25% |
| 15 | CMG Mortgage | A | 20 | 13 | 0.0% | 6.50% |
| 16 | Broker Solutions | D | 20 | 5 | 20.0% | 7.25% |
| 17 | Loandepot.Com | D | 20 | 10 | 30.0% | 5.99% |
| 18 | Pennymac Loan Services | C | 17 | 6 | 17.7% | 6.31% |
| 19 | Freedom Mortgage | B | 16 | 10 | 12.5% | 6.25% |
| 20 | Guaranteed Rate | B | 14 | 7 | 14.3% | 6.56% |
| 21 | Lakeview Loan Servicing | C | 13 | 0 | 84.6% | — |
| 22 | Triad Financial Services | D | 11 | 0 | 63.6% | — |
| 23 | Southwest Stage Funding | F | 11 | 2 | 18.2% | 8.33% |
| 24 | Discover Bank | F | 9 | 1 | 55.6% | 7.90% |
| 25 | GoodLeap | C | 9 | 3 | 11.1% | 7.93% |
Best approval odds in Covington County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | CCB Community Bank | 110 | 2.7% |
| 2 | Rocket Mortgage | 68 | 32.4% |
| 3 | All in Federal Credit Union | 91 | 37.4% |
| 4 | 21st Mortgage | 57 | 52.6% |
What Covington County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Covington County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 1,047 | 510 | 24.7% | 7.13% | $105,000 |
| 2024 | 979 | 497 | 26.2% | 6.99% | $115,000 |
| 2025 | 1,222 | 604 | 26.0% | 6.75% | $125,000 |
Frequently asked questions
26.0% of applications in Covington County were denied in 2025, against 19.9% statewide in Alabama.
CCB Community Bank, with 115 applications in 2025 and a denial rate of 2.6%.
The median mortgage application in Covington County in 2025 was for $125,000; the median property value on originated loans was $215,000.