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Madison County, Alabama · 2025

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

462 lenders acted on 20,182 mortgage applications for properties in Madison County in 2025. 15.6% were denied (Alabama: 19.9%). Median rate on closed loans 6.49%; median loan $225,000; median property value $335,000.

20kApplications
15.6%Denial ratestate 19.9%
6.49%Median ratestate 6.50%
$225,000Median loan
$335,000Median property value

Largest lenders in Madison County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 REDSTONE Federal Credit Union C 2,5181,563 18.3%8.13%
2 Regions Bank C 1,040507 33.8%4.99%
3 United Shore Financial Services B 1,033784 8.0%6.12%
4 Rocket Mortgage C 1,011739 15.1%6.63%
5 Lennar Mortgage A 494379 13.6%4.75%
6 Freedom Mortgage B 486248 7.6%5.88%
7 Mortgage Research Center C 483225 17.8%6.25%
8 Dhi Mortgage Company B 442312 7.5%4.99%
9 Pennymac Loan Services C 415206 10.8%6.13%
10 Navy Federal Credit Union D 412216 16.3%6.38%
11 Canopy Mortgage B 394285 0.3%6.00%
12 FirstBank C 372306 4.8%6.50%
13 Stockton Mortgage D 356282 4.2%6.31%
14 Vanderbilt Mortgage and Finance F 350141 26.9%5.49%
15 Loandepot.Com D 343211 20.7%6.63%
16 Trustmark National Bank C 294249 5.1%6.25%
17 Heritage Mortgage A 289241 0.4%5.75%
18 Newrez D 27684 21.0%6.25%
19 Cadence Bank B 233157 18.5%7.13%
20 Broker Solutions D 21790 10.6%6.75%
21 PNC Bank D 201100 29.9%7.73%
22 Pinnacle Bank B 191137 13.1%6.25%
23 Coastal Community Bank C 18444 0.0%9.49%
24 Nationstar Mortgage C 173107 18.5%8.13%
25 AmeriSave Mortgage D 17245 62.8%8.00%

Best approval odds in Madison County

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

#LenderDecidedDecision denial rate
1Unnamed lender 2549005Z23HAAZ6QDM98570.0%
2Coastal Community Bank1420.0%
3Canopy Mortgage2910.3%
4Heritage Mortgage2440.4%
5First Colony Mortgage881.1%
6ServisFirst Bank762.6%
7Bryant Bank752.7%
8River Bank & Trust663.0%
9Colorado Federal Savings Bank963.1%
10Movement Mortgage603.3%

What Madison County borrowers applied for

By loan purpose

Home purchase 9,597 48% · 8.9% denied
Refinance 3,511 17% · 13.7% denied
Cash-out refinance 3,173 16% · 22.8% denied
Home improvement 1,700 8% · 28.5% denied
Other / HELOC 2,201 11% · 27.4% denied

By loan type

Conventional 13,311 66% · 16.9% denied
FHA 3,031 15% · 15.9% denied
VA 3,628 18% · 10.7% denied
USDA / RHS 212 1% · 9.4% denied

Why applications were denied

Credit history 1,025 33%
Debt-to-income ratio 797 26%
Collateral 448 14%
Incomplete application 359 12%
Other 261 8%
Unverifiable information 144 5%
Insufficient cash 56 2%
Employment history 26 1%
Mortgage insurance denied 2 0%

Madison County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202317,53710,75216.9%6.75%$205,000
202418,58511,58815.9%6.63%$215,000
202520,18212,30215.6%6.49%$225,000

Frequently asked questions

15.6% of applications in Madison County were denied in 2025, against 19.9% statewide in Alabama.

REDSTONE Federal Credit Union, with 2,518 applications in 2025 and a denial rate of 18.3%.

The median mortgage application in Madison County in 2025 was for $225,000; the median property value on originated loans was $335,000.