Alabama Mortgage Lending
864 lenders reporting under HMDA
Statewide mortgage activity. Lenders filed 211,330 HMDA-reported mortgage applications in Alabama in 2024, originating 104,225 loans and denying 39,886. That puts the statewide denial rate at 18.9% and the approval (origination) rate at 49.3%. The average loan amount across Alabama was $210,917 at an average note rate of 7.10%. 864 distinct institutions — banks, credit unions, and independent mortgage companies — filed HMDA data covering activity in the state. Applications span 67 counties and 14 metropolitan areas.
What drives state-level differences. State mortgage denial rates reflect applicant mix more than lender stance. Credit profiles, loan-to-value ratios, debt-to-income, property type, and rural-versus-urban composition all move the number before any lender policy does. Demographic lending data reported under HMDA shows variation across applicant groups — for example, White applicants had an approval rate of 59.3% and denial rate of 17.7%; while Black or African American applicants had an approval rate of 43.5% and denial rate of 30.9%. These are derived race categories as reported by applicants and do not by themselves prove causation; credit score, income, and loan-to-value are not reported in HMDA and drive much of the underlying variation. Top counties by volume include Jefferson County, Madison County, Baldwin County.
How to read this page. These are aggregate 2024 HMDA disclosures published by the Consumer Financial Protection Bureau — a federal transparency dataset, not a real-time market feed. A state-level number is useful for context but cannot tell you what rate, fees, or underwriting any individual lender will offer a specific borrower. This page is informational data reporting, not financial, legal, or mortgage advice. Shop at least three lenders, compare Loan Estimates line-by-line, and consult a licensed mortgage professional before applying. Data reflects the CFPB HMDA 2024 Snapshot National Loan-Level Dataset; demographic fields reflect derived categories as reported by applicants.
Nearby Lenders in Alabama
Top HMDA-reporting lenders active in Alabama. Compare any two side-by-side for rates, denial rates, and loan mix.
| # | Lender | Originated | Market Share |
|---|---|---|---|
| 1 | ROCKET MORTGAGE | 5,649 | 5.4% |
| 2 | REGIONS BANK | 5,486 | 5.3% |
| 3 | United Wholesale Mortgage | 4,568 | 4.4% |
| 4 | TRUSTMARK NATIONAL BANK | 2,715 | 2.6% |
| 5 | REDSTONE FEDERAL CREDIT UNION | 2,688 | 2.6% |
Lending by Race in Alabama
Derived race categories as reported under HMDA. Source: CFPB.
| Race | Applications | Approval Rate | Denial Rate |
|---|---|---|---|
| White | 118,986 | 59.3% | 17.7% |
| Black or African American | 35,749 | 43.5% | 30.9% |
| Asian | 3,516 | 60.0% | 16.3% |
| Joint | 2,763 | 57.0% | 18.0% |
| American Indian or Alaska Native | 1,223 | 42.0% | 29.8% |
| 2 or more minority races | 398 | 40.7% | 34.9% |
| Native Hawaiian or Other Pacific Islander | 254 | 45.7% | 29.1% |
Counties in Alabama
| County | Applications | Originated | Denial Rate | Avg Loan |
|---|---|---|---|---|
| Jefferson County | 25,869 | 13,143 | 18.1% | $220,632 |
| Madison County | 21,479 | 11,578 | 13.7% | $266,537 |
| Baldwin County | 15,533 | 7,815 | 16.6% | $284,574 |
| Mobile County | 15,288 | 7,338 | 20.5% | $183,869 |
| Shelby County | 11,503 | 6,226 | 15.8% | $256,875 |
| Montgomery County | 8,454 | 4,217 | 20.6% | $182,846 |
| Tuscaloosa County | 7,915 | 3,868 | 18.1% | $226,989 |
| Lee County | 7,559 | 4,063 | 16.1% | $258,396 |
| Limestone County | 7,376 | 3,926 | 13.9% | $255,182 |
| Morgan County | 5,224 | 2,573 | 17.9% | $192,550 |
| St. Clair County | 4,930 | 2,442 | 17.4% | $193,361 |
| Houston County | 4,388 | 2,274 | 18.0% | $182,149 |
| Calhoun County | 4,369 | 1,920 | 23.0% | $150,711 |
| Elmore County | 3,999 | 2,159 | 18.6% | $197,246 |
| Marshall County | 3,908 | 1,998 | 16.2% | $191,873 |
| Cullman County | 3,775 | 1,844 | 16.2% | $198,817 |
| Etowah County | 3,764 | 1,893 | 19.0% | $162,670 |
| Lauderdale County | 3,637 | 2,052 | 14.5% | $188,855 |
| Talladega County | 3,266 | 1,354 | 23.9% | $158,209 |
| Autauga County | 2,707 | 1,479 | 17.6% | $216,662 |
| Russell County | 2,691 | 1,220 | 18.3% | $198,917 |
| Coffee County | 2,533 | 1,318 | 14.8% | $202,481 |
| Walker County | 2,454 | 958 | 26.7% | $149,902 |
| Colbert County | 2,403 | 1,257 | 18.4% | $169,611 |
| Blount County | 2,264 | 1,126 | 18.8% | $166,586 |
| DeKalb County | 2,146 | 969 | 23.1% | $168,579 |
| Chilton County | 1,955 | 830 | 23.5% | $157,624 |
| Jackson County | 1,899 | 936 | 20.9% | $173,541 |
| Dale County | 1,769 | 858 | 18.5% | $162,400 |
| Tallapoosa County | 1,595 | 826 | 20.9% | $252,066 |
| Lawrence County | 1,477 | 620 | 24.8% | $148,622 |
| Chambers County | 1,144 | 482 | 22.7% | $148,278 |
| Covington County | 1,040 | 497 | 24.6% | $138,875 |
| Pike County | 1,039 | 511 | 24.7% | $160,120 |
| Geneva County | 1,000 | 534 | 19.6% | $146,280 |
| Escambia County | 998 | 445 | 23.4% | $147,605 |
| Cherokee County | 936 | 431 | 24.1% | $188,333 |
| Winston County | 851 | 443 | 19.4% | $214,953 |
| Randolph County | 841 | 365 | 21.1% | $197,093 |
| Marion County | 824 | 366 | 22.7% | $134,357 |
| Franklin County | 787 | 387 | 20.3% | $138,863 |
| Dallas County | 772 | 255 | 34.3% | $125,427 |
| Henry County | 761 | 382 | 22.2% | $172,740 |
| Bibb County | 666 | 273 | 26.3% | $151,036 |
| Barbour County | 626 | 237 | 29.6% | $144,633 |
| Clarke County | 589 | 218 | 31.1% | $129,924 |
| Pickens County | 589 | 205 | 31.2% | $129,414 |
| Cleburne County | 581 | 254 | 25.1% | $163,072 |
| Fayette County | 539 | 214 | 26.4% | $141,920 |
| Macon County | 535 | 171 | 38.3% | $117,523 |
| Butler County | 511 | 188 | 29.8% | $117,270 |
| Monroe County | 484 | 212 | 28.5% | $134,979 |
| Washington County | 475 | 183 | 28.8% | $132,600 |
| Marengo County | 455 | 158 | 30.8% | $124,868 |
| Hale County | 445 | 177 | 27.4% | $142,820 |
| Clay County | 406 | 135 | 31.0% | $140,591 |
| Crenshaw County | 400 | 179 | 25.3% | $136,225 |
| Coosa County | 336 | 134 | 29.5% | $168,452 |
| Lamar County | 332 | 135 | 24.1% | $106,536 |
| Lowndes County | 319 | 91 | 40.8% | $130,110 |
| Conecuh County | 300 | 99 | 32.3% | $121,900 |
| Sumter County | 247 | 80 | 36.4% | $102,935 |
| Wilcox County | 238 | 64 | 37.4% | $112,689 |
| Choctaw County | 223 | 81 | 35.4% | $117,780 |
| Perry County | 209 | 54 | 38.8% | $118,110 |
| Bullock County | 197 | 57 | 45.7% | $150,381 |
| Greene County | 181 | 53 | 36.5% | $126,602 |
Metro Areas in Alabama
Frequently Asked Questions
How many mortgage applications were filed in Alabama?
What is the mortgage denial rate in Alabama?
What is the average mortgage loan amount in Alabama?
How many mortgage lenders operate in Alabama?
How do mortgage denial rates vary by demographics in Alabama?
Which counties in Alabama have the most mortgage activity?
Mortgage Lending Guides
Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. State geography per U.S. Census Bureau standards.
Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Demographic data reflects derived categories as reported by applicants. Provided for informational purposes only.
Read our methodology — how this data is sourced, computed, and verified.
