Lamar County, Alabama · 2025

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

74 lenders acted on 370 mortgage applications for properties in Lamar County in 2025. 24.6% were denied (Alabama: 19.9%). Median rate on closed loans 7.00%; median loan $105,000; median property value $155,000.

370Applications
24.6%Denial ratestate 19.9%
7.00%Median ratestate 6.50%
$105,000Median loan
$155,000Median property value

Largest lenders in Lamar County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 21st Mortgage F 424 38.1%9.95%
2 Vanderbilt Mortgage and Finance F 314 45.2%8.89%
3 Triad Financial Services D 3012 20.0%8.53%
4 Rocket Mortgage C 2418 25.0%6.99%
5 First State Bank of the South 1616 0.0%9.38%
6 FirstBank C 166 31.3%9.49%
7 Leaderone Financial D 138 23.1%6.69%
8 Avadian A 127 25.0%4.99%
9 Regions Bank C 115 36.4%6.88%
10 First National Bank 1010 0.0%7.94%
11 Loandepot.Com D 94 44.4%6.50%
12 West Alabama Bank & Trust B 88 0.0%
13 New Day Financial F 70 28.6%
14 Freedom Mortgage B 73 14.3%6.63%
15 AmeriSave Mortgage D 60 50.0%
16 Mortgage Research Center C 64 16.7%5.93%
17 Consumer First Mortgage C 55 0.0%6.63%
18 Towne Mortgage B 55 0.0%7.25%
19 Nationstar Mortgage C 54 20.0%7.75%
20 Renasant Bank B 52 20.0%6.62%
21 Southwest Stage Funding F 53 20.0%8.90%

What Lamar County borrowers applied for

By loan purpose

Home purchase 230 62% · 26.1% denied
Refinance 31 8% · 3.2% denied
Cash-out refinance 47 13% · 21.3% denied
Home improvement 23 6% · 30.4% denied
Other / HELOC 39 11% · 33.3% denied

By loan type

Conventional 270 73% · 26.3% denied
FHA 65 18% · 24.6% denied
VA 25 7% · 12.0% denied
USDA / RHS 10 3% · 10.0% denied

Why applications were denied

Credit history 42 46%
Debt-to-income ratio 15 16%
Incomplete application 9 10%
Collateral 8 9%
Unverifiable information 7 8%
Other 6 7%
Insufficient cash 3 3%
Employment history 1 1%

Lamar County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202329214725.7%7.43%$105,000
202429413627.2%7.25%$95,000
202537017424.6%7.00%$105,000

Frequently asked questions

24.6% of applications in Lamar County were denied in 2025, against 19.9% statewide in Alabama.

21st Mortgage, with 42 applications in 2025 and a denial rate of 38.1%.

The median mortgage application in Lamar County in 2025 was for $105,000; the median property value on originated loans was $155,000.