Washington County, Alabama · 2025

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

93 lenders acted on 510 mortgage applications for properties in Washington County in 2025. 26.9% were denied (Alabama: 19.9%). Median rate on closed loans 6.81%; median loan $125,000; median property value $195,000.

510Applications
26.9%Denial ratestate 19.9%
6.81%Median ratestate 6.50%
$125,000Median loan
$195,000Median property value

Largest lenders in Washington County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 21st Mortgage F 11515 41.7%9.77%
2 Triad Financial Services D 6016 31.7%8.47%
3 Rocket Mortgage C 3317 36.4%6.75%
4 Regions Bank C 2110 33.3%6.81%
5 Vanderbilt Mortgage and Finance F 195 26.3%10.50%
6 Alabama One D 1410 14.3%6.56%
7 FirstBank C 133 23.1%9.14%
8 Cadence Bank B 129 16.7%6.75%
9 United Shore Financial Services B 107 0.0%5.63%
10 SmartBank B 1010 0.0%7.19%
11 Renasant Bank B 107 10.0%6.75%
12 Freedom Mortgage B 94 0.0%6.50%
13 Southwest Stage Funding F 93 0.0%7.60%
14 Fairway Independent Mortgage B 83 37.5%6.50%
15 Mortgage Research Center C 84 37.5%6.69%
16 Pennymac Loan Services C 72 14.3%6.06%
17 Spring Eq D 72 57.1%9.24%
18 Tammac Holdings D 60 66.7%
19 Broker Solutions D 63 33.3%6.99%
20 AmeriSave Mortgage D 53 40.0%9.88%
21 Newrez D 51 0.0%6.38%
22 Trustmark National Bank C 52 20.0%6.44%

Best approval odds in Washington County

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

#LenderDecidedDecision denial rate
1Triad Financial Services6031.7%
221st Mortgage6376.2%

What Washington County borrowers applied for

By loan purpose

Home purchase 324 64% · 28.7% denied
Refinance 54 11% · 11.1% denied
Cash-out refinance 72 14% · 20.8% denied
Home improvement 23 5% · 43.5% denied
Other / HELOC 37 7% · 35.1% denied

By loan type

Conventional 397 78% · 30.2% denied
FHA 69 14% · 18.8% denied
VA 33 6% · 9.1% denied
USDA / RHS 11 2% · 9.1% denied

Why applications were denied

Credit history 62 45%
Debt-to-income ratio 29 21%
Incomplete application 14 10%
Other 9 7%
Collateral 8 6%
Insufficient cash 7 5%
Unverifiable information 7 5%
Employment history 1 1%

Washington County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
202339213937.2%7.63%$95,000
202444918430.5%7.25%$105,000
202551020526.9%6.81%$125,000

Frequently asked questions

26.9% of applications in Washington County were denied in 2025, against 19.9% statewide in Alabama.

21st Mortgage, with 115 applications in 2025 and a denial rate of 41.7%.

The median mortgage application in Washington County in 2025 was for $125,000; the median property value on originated loans was $195,000.