Lenders › Flagstar Bank NA › Alabama
Flagstar Bank NA 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.
In Alabama, Flagstar Bank NA reported 689 applications and 469 originations for 2024, $106m in all.
Its denial rate in the state was 22.5%, below the Alabama rate of 26.3% across all lenders and compared with the lender's national rate of 29.4%.
The median rate spread on its Alabama originations was 0.3 percentage points (state median 0.4).
Applications in the state were up 6% on 2023.
Compared with the state and the lender's national record
| Measure | In Alabama | Alabama, all lenders | Flagstar Bank NA, all states | United States |
|---|---|---|---|---|
| Denial rate | 22.5% | 26.3% | 29.4% | 24.3% |
| Median rate spread, pp | 0.3 | 0.4 | 0.4 | 0.3 |
| Originations with spread of 1.5 pp or more | 7.3% | 16.5% | 12.8% | 15.6% |
| Average originated loan | $226k | $228k | $303k | $329k |
| Home purchase share | 69.9% | 59.0% | 68.2% | 57.0% |
| FHA-insured share | 55.4% | 18.0% | 22.2% | 13.4% |
| VA-guaranteed share | 12.8% | 12.5% | 7.0% | 7.9% |
Trend by year
ApplicationsOriginations
This lender in stateAlabama, all lenders
Loan purpose and loan type in Alabama
By purpose
Home purchase 70% (328)Refinancing 8% (39)Cash-out refinancing 20% (96)Other purpose 1% (6)
By type
Conventional 29% (135)FHA 55% (260)VA 13% (60)USDA 3% (14)
Denial reasons as coded
Share of 137 denials in Alabama by first denial reason coded (outlined bar: all lenders in the state).
Counties in Alabama
| County | Applications | Originations | Amount | Denial rate |
|---|---|---|---|---|
| Cullman County | 61 | 50 | $10m | 15.3% |
| Mobile County | 67 | 49 | $9.1m | 15.0% |
| Jefferson County | 59 | 33 | $6.1m | 31.3% |
| Baldwin County | 51 | 29 | $9.7m | 35.6% |
| Madison County | 32 | 24 | $6.1m | 11.1% |
| Shelby County | 31 | 23 | $6.3m | 14.8% |
| Lee County | 40 | 21 | $6.1m | 38.2% |
Counties with at least 25 applications, by originations.
Questions and answers
How many mortgages did Flagstar Bank NA originate in Alabama in 2024?
469 loans totalling $106m, from 689 applications reported for properties in Alabama.
What is Flagstar Bank NA's denial rate in Alabama?
22.5% of decided applications in Alabama were denied, against 26.3% for all lenders in the state and 29.4% 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 Flagstar Bank NA lend in most?
By originations: Cullman County (50), Mobile County (49), Jefferson County (33), Baldwin County (29), Madison County (24).
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.