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Colbert County, Alabama
Mortgage lending record for properties in the county, calendar year 2024.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Cells under 25 applications are withheld.
Colbert County, Alabama, saw 2,154 HMDA-reported applications and 1,257 originations ($223m) in 2024.
That is 51.7 originations per 1,000 households, against 52.4 for Alabama and 48.0 nationally.
The county's denial rate was 24.9%, close to the state rate of 26.3%. The median rate spread on originated loans was 0.5 percentage points and 17.9% of originations were 1.5 points or more above the average prime offer rate.
23 lenders reached 25 applications in the county; the most active by originations were Bank Independent (151), Listerhill Credit Union (92) and Assurance Financial Group, L.L.C. (86).
Originations were up 9% on 2023.
Most active lenders
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | Bank Independent | 202 | 151 | $22m | 13.7% | — |
| 2 | Listerhill Credit Union | 98 | 92 | $12m | 4.1% | — |
| 3 | Assurance Financial Group, L.L.C. | 109 | 86 | $14m | 2.3% | — |
| 4 | Trustmark National Bank | 106 | 85 | $16m | 5.4% | — |
| 5 | Rocket Mortgage | 111 | 75 | $13m | 27.6% | — |
| 6 | Regions Bank | 154 | 72 | $7.7m | 45.7% | — |
| 7 | First Metro Bank | 59 | 52 | $6.6m | 3.7% | — |
| 8 | CB&S Bank | 73 | 48 | $12m | 24.6% | — |
| 9 | United Wholesale Mortgage | 44 | 33 | $5.1m | 5.4% | — |
| 10 | Movement Mortgage, LLC | 43 | 33 | $7.6m | 2.4% | — |
| 11 | First Federal Bank | 36 | 24 | $3.1m | 10.3% | — |
| 12 | United Community Bank | 28 | 22 | $9.2m | 11.1% | — |
| 13 | 21st Mortgage | 101 | 19 | $2.1m | 71.2% | — |
| 14 | Mortgage Research Center | 32 | 19 | $4.0m | — | — |
| 15 | PNC Bank N.A. | 30 | 19 | $1.6m | 23.1% | — |
| 16 | Renasant Bank | 27 | 18 | $4.1m | — | — |
| 17 | Loandepot.com, LLC | 28 | 13 | $1.5m | — | — |
| 18 | Vanderbilt Mortgage and Finance, Inc | 41 | 10 | $1.3m | 63.0% | — |
| 19 | New American Funding, LLC. | 26 | 9 | $1.2m | — | — |
| 20 | Freedom Mortgage Corporation | 27 | 7 | $1.5m | — | — |
| 21 | Discover Bank | 34 | 3 | $185k | — | — |
| 22 | Triad Financial Services, Inc. | 27 | 3 | $365k | 65.4% | — |
| 23 | Amerisave Mortgage Company | 37 | 2 | $100k | 93.8% | — |
Lenders with at least 25 applications in the county, by originations; up to 40 shown of 23. Denial rate is denials over decided applications in this county.
Compared with Alabama and the nation
| Measure | This county | Alabama | United States |
|---|---|---|---|
| Denial rate | 24.9% | 26.3% | 24.3% |
| Median rate spread, pp | 0.5 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 17.9% | 16.5% | 15.6% |
| Average originated loan | $177k | $228k | $329k |
| Originations per 1,000 households | 51.7 | 52.4 | 48.0 |
| Home purchase share of originations | 56.8% | 59.0% | 57.0% |
| FHA-insured share | 20.4% | 18.0% | 13.4% |
| VA-guaranteed share | 7.0% | 12.5% | 7.9% |
Rate spread distribution
Share of 1,053 originated loans with a reported rate spread, by spread over the average prime offer rate (outlined bar: Alabama). Loans at 1.5 points or more on a first lien are what Regulation C calls higher-priced.
Loan purpose and loan type
By purpose
Home purchase 57% (714)Home improvement 6% (81)Refinancing 14% (177)Cash-out refinancing 15% (185)Other purpose 8% (100)
By type
Conventional 71% (898)FHA 20% (256)VA 7% (88)USDA 1% (15)
Trend by year
ApplicationsOriginations
This countyAlabama
Questions and answers
Which lenders are most active in Colbert County, AL?
By 2024 originations: Bank Independent (151), Listerhill Credit Union (92), Assurance Financial Group, L.L.C. (86), Trustmark National Bank (85), Rocket Mortgage (75). 23 lenders had at least 25 applications in the county.
What is the mortgage denial rate in Colbert County?
24.9% of decided applications were denied in 2024, against 26.3% across Alabama and 24.3% nationally.
How many mortgages were originated in Colbert County in 2024?
1,257 loans totalling $223m, from 2,154 applications; 51.7 originations per 1,000 households.
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), by property county; households from the Census Bureau American Community Survey 2024 five-year estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records with a property in county FIPS 01033; households and population from the U.S. Census Bureau (ACS 2024 five-year estimates; Vintage 2024 population estimates). Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.