Alabama

Today's Alabama (AL) Mortgage Rates

Alabama (AL) Mortgage Rates & Mortgage Loan Data – Prior Year

  • Loan originated: 1,028,974
  • Application denied by financial institution: 467,228
  • Loan purchased by the institution: 438,979
  • Application withdrawn by applicant: 214,266
  • Application approved but not accepted: 111,824
  • File closed for incompleteness: 71,678
  • Preapproval request denied by financial institution: 223
  • Preapproval request approved but not accepted: 65

  • Refinancing: 1,291,602
  • Home purchase: 866,586
  • Home improvement: 175,049

  • Conventional: 1,630,762
  • FHA-insured: 479,545
  • VA-guaranteed: 162,115
  • FSA/RHS-guaranteed: 60,815

  • White: 1,547,557
  • Black or African American: 340,073
  • Not applicable: 215,261
  • Information not provided by applicant in mail, Internet, or telephone application: 193,200
  • Asian: 22,172
  • American Indian or Alaska Native: 11,501
  • Native Hawaiian or Other Pacific Islander: 3,473

  • Not Hispanic or Latino: 1,879,828
  • Not applicable: 215,693
  • Information not provided by applicant in mail, Internet, or telephone application: 205,393
  • Hispanic or Latino: 32,323

  • Male: 1,384,409
  • Female: 615,035
  • Not applicable: 215,369
  • Information not provided by applicant in mail, Internet, or telephone application: 118,424

  • Department of Housing and Urban Development: 691,376
  • Consumer Financial Protection Bureau: 474,890
  • Office of the Comptroller of the Currency: 373,436
  • Federal Reserve System: 252,989
  • Federal Deposit Insurance Corporation: 247,473
  • Office of Thrift Supervision: 182,780
  • National Credit Union Administration: 110,293

  • Jefferson County: 341,355
  • Madison County: 233,419
  • Mobile County: 183,361
  • Shelby County: 142,911
  • Baldwin County: 128,114
  • Montgomery County: 103,137
  • Tuscaloosa County: 95,195
  • Lee County: 73,974
  • Morgan County: 62,232
  • Limestone County: 55,931
  • St. Clair County: 51,319
  • Elmore County: 49,569
  • Calhoun County: 49,081
  • Houston County: 48,459
  • Etowah County: 42,803
  • Lauderdale County: 41,561
  • Marshall County: 39,597
  • Cullman County: 37,385
  • Talladega County: 31,966
  • Autauga County: 31,900
  • Blount County: 27,452
  • Coffee County: 27,131
  • Walker County: 26,485
  • Colbert County: 26,436
  • Russell County: 26,328
  • Tallapoosa County: 20,915
  • Chilton County: 20,474
  • DeKalb County: 19,630
  • Dale County: 18,974
  • Jackson County: 17,370
  • Lawrence County: 15,029
  • Covington County: 12,618
  • Chambers County: 11,957
  • Escambia County: 11,105
  • Geneva County: 11,006
  • Dallas County: 10,607
  • Franklin County: 9,884
  • Winston County: 9,806
  • Clarke County: 9,593
  • Cherokee County: 9,222
  • Marion County: 9,144
  • Pike County: 9,077
  • Bibb County: 9,075
  • Henry County: 8,111
  • Randolph County: 7,858
  • Unknown: 7,287
  • Marengo County: 7,093
  • Barbour County: 7,007
  • Butler County: 6,758
  • Monroe County: 6,468
  • Pickens County: 6,128
  • Hale County: 5,704
  • Macon County: 5,528
  • Cleburne County: 5,469
  • Washington County: 5,390
  • Fayette County: 5,146
  • Crenshaw County: 4,805
  • Clay County: 4,305
  • Lamar County: 3,630
  • Lowndes County: 3,498
  • Choctaw County: 3,446
  • Coosa County: 3,083
  • Conecuh County: 2,878
  • Bullock County: 2,576
  • Sumter County: 2,510
  • Greene County: 2,327
  • Wilcox County: 2,257
  • Perry County: 1,388

  • Birmingham, Hoover – AL: 618,283
  • Unknown: 523,053
  • Huntsville – AL: 288,804
  • Montgomery – AL: 187,788
  • Mobile – AL: 183,154
  • Tuscaloosa – AL: 103,670
  • Decatur – AL: 77,210
  • Auburn, Opelika – AL: 73,895
  • Florence, Muscle Shoals – AL: 67,942
  • Dothan – AL: 67,386
  • Gadsden – AL: 42,754
  • Anniston, Oxford – AL: 40,705
  • Columbus – GA, AL: 26,299
  • Daphne, Fairhope, Foley – AL: 24,006
  • Anniston, Oxford, Jacksonville – AL: 8,288

  • Unknown: 2,070,028
  • Credit history: 97,733
  • Collateral: 50,309
  • Debt-to-income ratio: 46,091
  • Credit application incomplete: 25,793
  • Other: 25,694
  • Unverifiable information: 7,773
  • Insufficient cash (downpayment, closing costs): 5,926
  • Employment history: 3,368
  • Mortgage insurance denied: 522

  • Not a HOEPA loan: 2,330,900
  • HOEPA loan: 2,337

  • Secured by a first lien: 1,731,718
  • Not applicable: 438,979
  • Not secured by a lien: 86,000
  • Secured by a subordinate lien: 76,540

  • Owner-occupied as a principal dwelling: 2,108,245
  • Not owner-occupied as a principal dwelling: 206,542
  • Not applicable: 18,450

  • One-to-four family dwelling (other than manufactured housing): 2,188,971
  • Manufactured housing: 141,309
  • Multifamily dwelling: 2,957

  • Loan was not originated or was not sold in calendar year covered by register: 1,295,018
  • Fannie Mae (FNMA): 271,238
  • Ginnie Mae (GNMA): 224,222
  • Freddie Mac (FHLMC): 131,642
  • Other type of purchaser: 111,195
  • Commercial bank, savings bank or savings association: 101,841
  • Life insurance company, credit union, mortgage bank, or finance company: 101,729
  • Affiliate institution: 81,933
  • Private securitization: 14,383
  • Farmer Mac (FAMC): 36