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Rocket Mortgage in Alabama

HMDA record for properties in Alabama, calendar year 2024. National record · Alabama overview

LEI 549300FGXN1K3HLB1R50
Reporting agency Department of Housing and Urban Development
State Alabama

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.

In Alabama, Rocket Mortgage reported 8,025 applications and 5,649 originations for 2024, $1.1bn in all.

Its denial rate in the state was 21.4%, below the Alabama rate of 26.3% across all lenders and compared with the lender's national rate of 18.2%.

The median rate spread on its Alabama originations was 0.5 percentage points (state median 0.4).

Applications in the state were up 17% on 2023.

8,025applications in AL, 20241.6% of the lender's total
5,649loans originated$1.1bn
21.4%denial rateAL all lenders 26.3%
0.5 ppmedian rate spreadAL 0.4 pp

Compared with the state and the lender's national record

MeasureIn AlabamaAlabama, all lendersRocket Mortgage, all statesUnited States
Denial rate21.4%26.3%18.2%24.3%
Median rate spread, pp0.50.40.50.3
Originations with spread of 1.5 pp or more15.5%16.5%17.8%15.6%
Average originated loan$194k$228k$270k$329k
Home purchase share29.9%59.0%38.0%57.0%
FHA-insured share27.6%18.0%18.5%13.4%
VA-guaranteed share12.6%12.5%7.8%7.9%

Trend by year

ApplicationsOriginations

05,44610,8922022: 10,892 Applications2023: 6,872 Applications2024: 8,025 Applications2022: 7,544 Originations2023: 4,781 Originations2024: 5,649 Originations202220232024
Rocket Mortgage in Alabama: applications and originations, 2022–2024

This lender in stateAlabama, all lenders

0%13.6%27.1%2022: 22.4% This lender in state2023: 22.1% This lender in state2024: 21.4% This lender in state202220232024
Denial rate by year, state rate dashed

Loan purpose and loan type in Alabama

By purpose

Home purchase 30% (1,691)Home improvement 1% (51)Refinancing 10% (590)Cash-out refinancing 53% (2,988)Other purpose 6% (329)

By type

Conventional 60% (3,380)FHA 28% (1,558)VA 13% (711)

Denial reasons as coded

Collateral47.1%
Credit application incomplete17.4%
Debt-to-income ratio14.6%
Credit history7.9%
Other5.7%
Insufficient cash (downpayment, closing costs)3.3%
Unverifiable information2.6%
Employment history1.5%
Mortgage insurance denied0%

Share of 1,582 denials in Alabama by first denial reason coded (outlined bar: all lenders in the state).

Counties in Alabama

CountyApplicationsOriginationsAmountDenial rate
Jefferson County863618$120m20.4%
Madison County764585$134m15.2%
Mobile County748529$92m20.7%
Baldwin County539380$91m20.5%
Shelby County406293$65m15.9%
Lee County306223$47m18.7%
Limestone County260200$44m14.9%
Montgomery County313199$37m27.9%
Morgan County239172$34m20.6%
Tuscaloosa County223152$30m25.2%
Calhoun County216149$24m20.5%
Etowah County187128$22m24.1%
Houston County154114$21m21.6%
Marshall County136106$21m16.2%
Elmore County147102$19m21.2%
Lauderdale County134102$19m17.1%
Cullman County144100$18m23.9%
St. Clair County15196$19m26.1%
DeKalb County10579$15m18.4%
Talladega County11978$13m25.7%
Colbert County11175$13m27.6%
Jackson County10972$13m25.5%
Russell County11568$12m30.3%
Coffee County9668$15m20.9%
Autauga County8059$11m21.1%
Walker County8558$8.4m26.8%
Dale County8657$8.8m25.3%
Blount County7756$9.4m21.1%
Tallapoosa County7449$9.1m25.8%
Chilton County6749$9.0m21.5%
Covington County6946$7.0m28.1%
Escambia County5542$6.3m16.0%
Cherokee County6940$7.8m34.4%
Lawrence County5538$7.7m26.9%
Chambers County5636$4.9m25.0%
Winston County4631$4.5m24.4%
Randolph County4528$6.5m29.3%
Henry County3224$3.9m20.0%
Marion County3323$2.9m17.2%
Dallas County3122$3.4m17.9%

Counties with at least 25 applications, by originations.

Questions and answers

How many mortgages did Rocket Mortgage originate in Alabama in 2024?

5,649 loans totalling $1.1bn, from 8,025 applications reported for properties in Alabama.

What is Rocket Mortgage's denial rate in Alabama?

21.4% of decided applications in Alabama were denied, against 26.3% for all lenders in the state and 18.2% 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 Rocket Mortgage lend in most?

By originations: Jefferson County (618), Madison County (585), Mobile County (529), Baldwin County (380), Shelby County (293).

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.