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2024 data HMDA 2024 disclosure official source

Mobile County

15,288 mortgage applications, 20.5% denial rate. Verify FIPS 01097 with U.S. Census Bureau →

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Alabama · FIPS 01097

Local mortgage market. Mobile County, Alabama saw 15,288 HMDA-reported mortgage applications in 2024. Lenders originated 7,338 of those loans and denied 3,129, producing a denial rate of 20.5% and an approval (origination) rate of 48.0%. The average loan amount was $183,869 at an average note rate of 7.15%, with applicants self-reporting average annual income of $37K. 345 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.0x, meaning typical borrowers took on mortgages of about 5.0 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 01097 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

15,288
Applications
7,338
Originated
20.5%
Denial Rate
48.0%
Approval Rate
$183,869
Avg Loan Amount
7.15%
Avg Interest Rate
$37K
Avg Applicant Income
5.0x
Loan-to-Income Ratio

Nearby Lenders in Mobile County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Rocket Mortgage 529 7.2%
2 Regions Bank 456 6.2%
3 Trustmark National Bank 403 5.5%
4 DHI Mortgage Company, LTD. 298 4.1%
5 Embrace Home Loans, Inc. 239 3.3%
Compare Rocket Mortgage vs Regions Bank →

Frequently Asked Questions

How many mortgage applications were filed in Mobile County?
In the 2024 HMDA reporting year, 15,288 mortgage applications were filed in Mobile County, Alabama. Of these, 7,338 were originated (approved and funded), while 3,129 were denied, resulting in a denial rate of 20.5%.
What is the mortgage denial rate in Mobile County?
The mortgage denial rate in Mobile County is 20.5%. The approval (origination) rate is 48.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Mobile County?
The average mortgage loan amount in Mobile County is $183,869. The average interest rate is 7.149%. The average applicant income is $37K.
What is the loan-to-income ratio in Mobile County?
The average loan-to-income ratio in Mobile County is 5.0x, meaning borrowers took on loans averaging 5.0 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Mobile County?
The top mortgage lenders in Mobile County by origination volume are Rocket Mortgage, Regions Bank, Trustmark National Bank. In total, 345 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.