Lenders › Planet Home Lending, LLC › Alabama
Planet Home Lending, LLC in Alabama
HMDA record for properties in Alabama, calendar year 2024. National record · Alabama overview
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.
Planet Home Lending, LLC's 2024 HMDA record for Alabama covers 368 applications, 281 of them originated, worth $73m.
Its denial rate in the state was 20.6%, below the Alabama rate of 26.3% across all lenders and compared with the lender's national rate of 21.5%.
The median rate spread on its Alabama originations was 0.2 percentage points (state median 0.4).
Applications in the state were up 80% on 2023.
Compared with the state and the lender's national record
| Measure | In Alabama | Alabama, all lenders | Planet Home Lending, LLC, all states | United States |
|---|---|---|---|---|
| Denial rate | 20.6% | 26.3% | 21.5% | 24.3% |
| Median rate spread, pp | 0.2 | 0.4 | 0.2 | 0.3 |
| Originations with spread of 1.5 pp or more | 12.4% | 16.5% | 12.0% | 15.6% |
| Average originated loan | $260k | $228k | $308k | $329k |
| Home purchase share | 43.1% | 59.0% | 39.9% | 57.0% |
| FHA-insured share | 29.9% | 18.0% | 31.2% | 13.4% |
| VA-guaranteed share | 37.4% | 12.5% | 33.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateAlabama, all lenders
Loan purpose and loan type in Alabama
By purpose
Home purchase 43% (121)Home improvement 0% (1)Refinancing 33% (93)Cash-out refinancing 23% (66)
By type
Conventional 28% (79)FHA 30% (84)VA 37% (105)USDA 5% (13)
Denial reasons as coded
Share of 74 denials in Alabama by first denial reason coded (outlined bar: all lenders in the state).
Counties in Alabama
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Madison County | 97 | 77 | $24m | 16.8% |
| Limestone County | 45 | 34 | $9.6m | 24.4% |
| Jefferson County | 25 | 19 | $4.6m | 20.0% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Planet Home Lending, LLC originate in Alabama in 2024?
281 loans totalling $73m, from 368 applications reported for properties in Alabama.
What is Planet Home Lending, LLC's denial rate in Alabama?
20.6% of decided applications in Alabama were denied, against 26.3% for all lenders in the state and 21.5% for this lender nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
Which Alabama counties does Planet Home Lending, LLC lend in most?
By originations: Madison County (77), Limestone County (34), Jefferson County (19).
Where does this data come from?
From the 2024 public HMDA loan/application register (FFIEC and CFPB), filtered to the lender's LEI and the property state. Cells under 25 applications are withheld.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 (FFIEC and CFPB, public domain), records for this LEI with a property in Alabama. Built 30 Sep 2026; data through 1 Aug 2026. See methodology and corrections.