Mobile County, AL: mortgage lenders, denial rate and originations, 2024

States › Alabama › Mobile County

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.

Lenders reported 13,743 mortgage applications in Mobile County, Alabama, for 2024, and originated 7,367 loans worth $1.5bn.

That is 45.6 originations per 1,000 households, against 52.4 for Alabama and 48.0 nationally.

The county's denial rate was 28.4%, above the state rate of 26.3%. The median rate spread on originated loans was 0.4 percentage points and 17.2% of originations were 1.5 points or more above the average prime offer rate.

90 lenders reached 25 applications in the county; the most active by originations were Rocket Mortgage (529), Regions Bank (456) and Trustmark National Bank (403).

Originations were up 6% on 2023.

13,743applications, 2024

7,367loans originated$1.5bn

28.4%denial rateAL 26.3% · US 24.3%

45.6originations per 1,000 householdsAL 52.4 · US 48.0

Most active lenders

#	Lender	Applications	Originations	Amount	Denial rate	Median spread
1	Rocket Mortgage	748	529	$92m	20.7%	—
2	Regions Bank	1,047	456	$45m	46.3%	—
3	Trustmark National Bank	504	403	$81m	11.4%	—
4	DHI Mortgage Company, LTD.	417	298	$91m	16.3%	—
5	Embrace Home Loans, Inc.	296	239	$48m	6.1%	—
6	PNC Bank N.A.	463	211	$22m	41.2%	—
7	United Wholesale Mortgage	300	209	$49m	13.5%	—
8	Gmfs, LLC	242	193	$45m	4.3%	—
9	All In Credit Union	287	157	$21m	39.2%	—
10	Mortgage Research Center	311	153	$37m	23.6%	—
11	Cadence Bank	253	153	$30m	25.2%	—
12	Union Home Mortgage Corp.	160	140	$29m	0.7%	—
13	Community Bank of Mississippi	177	138	$25m	9.8%	—
14	Hancock Whitney Bank	198	124	$23m	19.7%	—
15	River Bank & Trust	129	113	$30m	8.1%	—
16	Navy Federal Credit Union	270	111	$19m	40.2%	—
17	New American Funding, LLC.	227	103	$16m	18.3%	—
18	Towne Mortgage Company	106	97	$25m	1.9%	—
19	Freedom Mortgage Corporation	213	95	$22m	16.5%	—
20	Fairway Independent Mort Corp	142	89	$20m	15.7%	—
21	First Federal Bank	140	89	$19m	9.2%	—
22	The First Bank	117	89	$14m	17.1%	—
23	New Horizons Credit Union	142	87	$12m	35.1%	—
24	Renasant Bank	112	86	$18m	6.2%	—
25	SWBC Mortgage Corporation	108	86	$18m	1.1%	—
26	Tyndall Federal Credit Union	136	84	$12m	25.7%	—
27	Stockton Mortgage Corporation	118	84	$18m	6.7%	—
28	Bankplus	112	83	$22m	6.1%	—
29	Loandepot.com, LLC	157	72	$9.3m	41.5%	—
30	Mutual of Omaha Mortgage	105	66	$12m	20.2%	—
31	Nationstar Mortgage	98	65	$11m	17.5%	—
32	Firstbank	210	61	$9.3m	43.5%	—
33	Pennymac Loan Services LLC	172	61	$15m	23.3%	—
34	Direct Mortgage Loans, LLC	71	58	$11m	3.1%	—
35	Bank of England	71	53	$11m	6.9%	—
36	21st Mortgage	322	51	$6.7m	75.4%	—
37	Figure Lending LLC	100	50	$2.7m	28.4%	—
38	Flagstar Bank NA	67	49	$9.1m	15.0%	—
39	Newrez LLC	152	45	$8.2m	45.3%	—
40	First Horizon Bank	59	43	$14m	13.2%	—

Lenders with at least 25 applications in the county, by originations; up to 40 shown of 90. Denial rate is denials over decided applications in this county.

Compared with Alabama and the nation

Measure	This county	Alabama	United States
Denial rate	28.4%	26.3%	24.3%
Median rate spread, pp	0.4	0.4	0.3
Originations with spread of 1.5 pp or more	17.2%	16.5%	15.6%
Average originated loan	$198k	$228k	$329k
Originations per 1,000 households	45.6	52.4	48.0
Home purchase share of originations	57.9%	59.0%	57.0%
FHA-insured share	25.2%	18.0%	13.4%
VA-guaranteed share	11.2%	12.5%	7.9%

Rate spread distribution

Below 0 pp28.9%

0 to 0.5 pp24.2%

0.5 to 1 pp18.5%

1 to 1.5 pp11.3%

1.5 to 3 pp8.9%

3 or more pp8.2%

Share of 6,691 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 58% (4,264)Home improvement 8% (573)Refinancing 12% (876)Cash-out refinancing 13% (934)Other purpose 10% (720)

By type

Conventional 62% (4,577)FHA 25% (1,860)VA 11% (822)USDA 1% (108)

Trend by year

ApplicationsOriginations

Applications and originations in Mobile County, 2022–2024

This countyAlabama

Denial rate by year, state rate dashed

Questions and answers

Which lenders are most active in Mobile County, AL?

By 2024 originations: Rocket Mortgage (529), Regions Bank (456), Trustmark National Bank (403), DHI Mortgage Company, LTD. (298), Embrace Home Loans, Inc. (239). 90 lenders had at least 25 applications in the county.

What is the mortgage denial rate in Mobile County?

28.4% of decided applications were denied in 2024, against 26.3% across Alabama and 24.3% nationally.

How many mortgages were originated in Mobile County in 2024?

7,367 loans totalling $1.5bn, from 13,743 applications; 45.6 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 01097; 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.