Largest lenders in Morgan County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | REDSTONE Federal Credit Union | C | 492 | 286 | 17.9% | 8.13% |
| 2 | Rocket Mortgage | C | 291 | 219 | 15.8% | 6.50% |
| 3 | Regions Bank | C | 238 | 127 | 29.0% | 5.00% |
| 4 | Vanderbilt Mortgage and Finance | F | 237 | 28 | 41.4% | 9.38% |
| 5 | United Shore Financial Services | B | 197 | 131 | 15.7% | 6.12% |
| 6 | Broker Solutions | D | 169 | 101 | 5.3% | 6.75% |
| 7 | Freedom Mortgage | B | 121 | 56 | 7.4% | 6.25% |
| 8 | Pennymac Loan Services | C | 107 | 54 | 14.0% | 6.25% |
| 9 | Mortgage Research Center | C | 107 | 63 | 14.0% | 6.25% |
| 10 | Renasant Bank | B | 106 | 79 | 11.3% | 7.00% |
| 11 | 21st Mortgage | F | 99 | 24 | 41.4% | 10.18% |
| 12 | Bank Independent | B | 92 | 69 | 12.0% | 6.62% |
| 13 | River Bank & Trust | A | 85 | 70 | 2.4% | 6.68% |
| 14 | Synovus Bank | D | 79 | 58 | 8.9% | 6.38% |
| 15 | PNC Bank | D | 76 | 48 | 22.4% | 7.73% |
| 16 | Fairway Independent Mortgage | B | 72 | 53 | 4.2% | 6.75% |
| 17 | Stockton Mortgage | D | 71 | 53 | 8.5% | 6.25% |
| 18 | Newrez | D | 69 | 26 | 23.2% | 6.56% |
| 19 | Loandepot.Com | D | 64 | 32 | 25.0% | 6.88% |
| 20 | SouthPoint Bank | B | 64 | 52 | 1.6% | 6.50% |
| 21 | AmeriSave Mortgage | D | 57 | 12 | 63.2% | 8.94% |
| 22 | Navy Federal Credit Union | D | 55 | 28 | 25.5% | 6.38% |
| 23 | New Day Financial | F | 54 | 9 | 31.5% | 6.99% |
| 24 | Heritage Mortgage | A | 52 | 37 | 0.0% | 6.25% |
| 25 | United Community Bank | B | 51 | 38 | 5.9% | 6.50% |
Best approval odds in Morgan County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | SouthPoint Bank | 53 | 1.9% |
| 2 | River Bank & Trust | 75 | 2.7% |
| 3 | Fairway Independent Mortgage | 56 | 5.4% |
| 4 | Broker Solutions | 110 | 8.2% |
| 5 | Stockton Mortgage | 60 | 10.0% |
| 6 | Synovus Bank | 67 | 10.5% |
| 7 | Freedom Mortgage | 73 | 12.3% |
| 8 | Renasant Bank | 91 | 13.2% |
| 9 | Bank Independent | 81 | 13.6% |
| 10 | Rocket Mortgage | 276 | 16.7% |
What Morgan County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Morgan County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 4,358 | 2,454 | 19.8% | 7.00% | $145,000 |
| 2024 | 4,657 | 2,586 | 20.1% | 6.88% | $155,000 |
| 2025 | 5,015 | 2,896 | 17.5% | 6.63% | $165,000 |
Frequently asked questions
17.5% of applications in Morgan County were denied in 2025, against 19.9% statewide in Alabama.
REDSTONE Federal Credit Union, with 492 applications in 2025 and a denial rate of 17.9%.
The median mortgage application in Morgan County in 2025 was for $165,000; the median property value on originated loans was $265,000.