Lenders › Southwest Funding, LP › Alabama
Southwest Funding, LP 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.
Southwest Funding, LP's 2024 HMDA record for Alabama covers 234 applications, 150 of them originated, worth $32m.
Its denial rate in the state was 2.0%, below the Alabama rate of 26.3% across all lenders and compared with the lender's national rate of 5.2%.
The median rate spread on its Alabama originations was 1.0 percentage points (state median 0.4).
Applications in the state were up 5% on 2023.
Compared with the state and the lender's national record
| Measure | In Alabama | Alabama, all lenders | Southwest Funding, LP, all states | United States |
|---|---|---|---|---|
| Denial rate | 2.0% | 26.3% | 5.2% | 24.3% |
| Median rate spread, pp | 1.0 | 0.4 | 0.9 | 0.3 |
| Originations with spread of 1.5 pp or more | 24.2% | 16.5% | 20.5% | 15.6% |
| Average originated loan | $213k | $228k | $254k | $329k |
| Home purchase share | 86.7% | 59.0% | 88.1% | 57.0% |
| FHA-insured share | 61.3% | 18.0% | 46.7% | 13.4% |
| VA-guaranteed share | 10.7% | 12.5% | 10.8% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateAlabama, all lenders
Loan purpose and loan type in Alabama
By purpose
Home purchase 87% (130)Refinancing 7% (11)Cash-out refinancing 5% (8)Other purpose 1% (1)
By type
Conventional 19% (29)FHA 61% (92)VA 11% (16)USDA 9% (13)
Denial reasons as coded
Withheld: fewer than 25 denials in the state.
Counties in Alabama
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Tuscaloosa County | 36 | 29 | $6.1m | 3.3% |
| Lauderdale County | 39 | 28 | $5.8m | 3.4% |
| Calhoun County | 27 | 21 | $4.1m | — |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Southwest Funding, LP originate in Alabama in 2024?
150 loans totalling $32m, from 234 applications reported for properties in Alabama.
What is Southwest Funding, LP's denial rate in Alabama?
2.0% of decided applications in Alabama were denied, against 26.3% for all lenders in the state and 5.2% 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 Southwest Funding, LP lend in most?
By originations: Tuscaloosa County (29), Lauderdale County (28), Calhoun County (21).
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 1 Oct 2026; data through 1 Aug 2026. See methodology and corrections.