Alabama
Mortgage Loan Application
Totals and Details
in 2020

Find mortgage statistics and mortgage data for Alabama.
Our lists allow you to explore the total number of mortgage applications and mortgage application details for 2003-2020 in all of Alabama.
You can organize this information by metropolitan area and by county.

Years 2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 325,533
Total Mortgage Loan Application Amount $64,337,395,000
Average Mortgage Loan Application Amount $197,000
Highest Mortgage Loan Application Amount $49,775,000
Average Applicant Income $103,000
Highest Applicant Income $9,999,000

Mortgage stats and application averages for each year are shown below, as well as highest application amount and the income of the highest applicant.
If you are looking for a mortgage or loan application data statistics in Alabama, these numbers will give you an idea of what to expect as you begin to look for a lender.

These lists can also be organized by various details about Mortgage Loan Applications for each year, with categories such as loan purpose, race of mortgage applicant, loan type, the outcome of the application, and reason for denial.

Each category breaks down the total number of mortgage applications, the total dollar amount for those applications, the average mortgage amount, and the highest mortgage within that category. You can also look at information regarding the average income of the mortgage applicants and the highest income of the mortgage applicants. If you're looking for a certain type of mortgage, these numbers will give you a better gauge of what to expect in various situations.

Download the Alabama Lender List

Mortgage Loan Application Detail Totals for Alabama in 2020

Loan Purpose

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Home Purchase 137,749 $27,252,265,000 $197,000 $42,465,000 $92,000 $9,999,000
Refinancing 119,355 $25,735,925,000 $215,000 $49,775,000 $114,000 $9,999,000
Cash-out Refinancing 41,346 $8,742,670,000 $211,000 $29,695,000 $108,000 $9,999,000
Other Purpose 11,137 $1,132,445,000 $101,000 $11,565,000 $118,000 $9,949,000
Home Improvement 10,153 $780,835,000 $76,000 $4,755,000 $108,000 $7,420,000
Not Applicable 5,793 $693,255,000 $119,000 $12,185,000 $62,000 $276,000

Applicant Race

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
White 209,857 $41,464,265,000 $197,000 $32,105,000 $108,000 $9,999,000
Black or African American 41,134 $6,603,680,000 $160,000 $7,005,000 $72,000 $9,999,000
Not applicable 30,311 $7,407,345,000 $244,000 $49,775,000 $98,000 $1,887,000
Not Provided 29,987 $6,124,565,000 $204,000 $12,985,000 $109,000 $9,999,000
Hispanic 6,372 $1,108,980,000 $174,000 $1,305,000 $86,000 $3,422,000
Asian 4,914 $1,089,690,000 $221,000 $1,765,000 $118,000 $3,030,000
American Indian or Alaskan Native 1,876 $309,630,000 $165,000 $1,305,000 $86,000 $1,312,000
Native Hawaiian or Other Pacific Islander 238 $45,210,000 $189,000 $865,000 $115,000 $990,000

Loan Type

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Conventional (any loan other than FHA, VA, FSA, or RHS loans) 221,272 $43,706,040,000 $197,000 $49,775,000 $111,000 $9,999,000
VA-guaranteed (Veterans Administration) 49,360 $11,586,840,000 $234,000 $1,995,000 $83,000 $9,999,000
FHA-insured (Federal Housing Administration) 45,668 $7,640,260,000 $167,000 $38,155,000 $71,000 $9,999,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 9,233 $1,404,255,000 $152,000 $925,000 $55,000 $9,999,000

Outcome

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Loan Originated 182,806 $39,028,440,000 $213,000 $40,955,000 $108,000 $9,999,000
Application Denied By Financial Institution 42,047 $5,734,305,000 $136,000 $12,185,000 $83,000 $9,999,000
Application Withdrawn By Applicant 39,324 $8,310,340,000 $211,000 $49,775,000 $108,000 $9,999,000
Loan Purchased By The Institution 35,476 $7,092,780,000 $199,000 $1,505,000 $109,000 $8,496,000
File Closed For Incompleteness 17,133 $2,740,395,000 $159,000 $7,005,000 $85,000 $5,480,000
Application Approved But Not Accepted 8,589 $1,406,935,000 $163,000 $2,005,000 $102,000 $5,409,000
Preapproval Denied by Financial Institution 80 $11,310,000 $141,000 $485,000 $60,000 $208,000
Preapproval Approved but not Accepted 78 $12,890,000 $165,000 $1,005,000 $74,000 $802,000

Denial Reason

Total Number of Mortgage Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Amount Highest Mortgage Loan Amount Average Applicant Income Highest Applicant Income
Not applicable 275,967 $57,144,335,000 $207,000 $49,775,000 $106,000 $9,999,000
Debt-To-Income Ratio 16,997 $2,854,145,000 $167,000 $25,115,000 $84,000 $9,999,000
Credit History 16,077 $1,681,495,000 $104,000 $2,325,000 $88,000 $9,999,000
Credit Application Incomplete 5,309 $985,005,000 $185,000 $1,685,000 $104,000 $3,900,000
Collateral 4,279 $624,885,000 $146,000 $8,875,000 $103,000 $2,616,000
Other 3,649 $591,275,000 $162,000 $12,185,000 $96,000 $9,999,000
Unverifiable Information 1,855 $234,585,000 $126,000 $2,185,000 $89,000 $9,999,000
Insufficient Cash (Downpayment, Closing Cost) 750 $118,770,000 $158,000 $1,525,000 $77,000 $700,000
Employment History 639 $101,145,000 $158,000 $885,000 $62,000 $1,040,000
Mortgage Insurance Denied 11 $1,755,000 $159,000 $255,000 $60,000 $90,000
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Mortgage Loan Application Totals in 2020 by Alabama Metropolitan Area

Metro Area Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
ANNISTON-OXFORD-JACKSONVILLE, AL 5,243 $ 715,685,000 $ 136,000 $ 71,000
AUBURN-OPELIKA, AL 12,757 $ 2,825,125,000 $ 221,000 $ 108,000
BIRMINGHAM-HOOVER, AL 84,460 $ 18,610,010,000 $ 220,000 $ 109,000
DAPHNE-FAIRHOPE-FOLEY, AL 26,081 $ 6,194,925,000 $ 237,000 $ 124,000
DECATUR, AL 9,322 $ 1,451,960,000 $ 155,000 $ 86,000
DOTHAN, AL 8,888 $ 1,452,330,000 $ 163,000 $ 86,000
FLORENCE-MUSCLE SHOALS, AL 9,289 $ 1,572,895,000 $ 169,000 $ 117,000
GADSDEN, AL 4,894 $ 751,620,000 $ 153,000 $ 78,000
HUNTSVILLE, AL 48,247 $ 10,790,755,000 $ 223,000 $ 112,000
MOBILE, AL 22,392 $ 3,841,230,000 $ 171,000 $ 95,000
MONTGOMERY, AL 23,515 $ 4,562,025,000 $ 194,000 $ 95,000
TUSCALOOSA, AL 15,147 $ 2,905,735,000 $ 191,000 $ 101,000
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Mortgage Loan Application Totals in 2020 by Alabama County

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loan Applications Average Mortgage Loan Application Amount Average Applicant Income
Autauga 4,450 $ 832,450,000 $ 187,000 $ 85,000
Baldwin 26,081 $ 6,195,095,000 $ 237,000 $ 124,000
Barbour 761 $ 105,285,000 $ 138,000 $ 78,000
Bibb 882 $ 110,300,000 $ 125,000 $ 68,000
Blount 3,459 $ 524,955,000 $ 151,000 $ 77,000
Bullock 208 $ 20,590,000 $ 98,000 $ 58,000
Butler 647 $ 67,995,000 $ 105,000 $ 70,000
Calhoun 5,242 $ 715,630,000 $ 136,000 $ 71,000
Chambers 1,213 $ 148,755,000 $ 122,000 $ 63,000
Cherokee 1,299 $ 214,675,000 $ 165,000 $ 98,000
Chilton 2,708 $ 385,380,000 $ 142,000 $ 75,000
Choctaw 395 $ 39,765,000 $ 100,000 $ 69,000
Clarke 883 $ 107,735,000 $ 122,000 $ 73,000
Clay 421 $ 50,095,000 $ 118,000 $ 64,000
Cleburne 603 $ 84,625,000 $ 140,000 $ 74,000
Coffee 4,042 $ 737,360,000 $ 182,000 $ 87,000
Colbert 3,427 $ 586,335,000 $ 171,000 $ 130,000
Conecuh 303 $ 29,615,000 $ 97,000 $ 70,000
Coosa 462 $ 80,350,000 $ 173,000 $ 116,000
Covington 1,465 $ 201,765,000 $ 137,000 $ 79,000
Crenshaw 556 $ 64,270,000 $ 115,000 $ 68,000
Cullman 5,506 $ 936,060,000 $ 170,000 $ 91,000
Dale 2,371 $ 369,225,000 $ 155,000 $ 73,000
Dallas 998 $ 115,440,000 $ 115,000 $ 70,000
DeKalb 2,263 $ 316,115,000 $ 139,000 $ 77,000
Elmore 6,718 $ 1,381,500,000 $ 205,000 $ 100,000
Escambia 1,185 $ 147,445,000 $ 124,000 $ 72,000
Etowah 4,895 $ 751,675,000 $ 153,000 $ 78,000
Fayette 565 $ 64,845,000 $ 114,000 $ 65,000
Franklin 948 $ 111,720,000 $ 117,000 $ 117,000
Geneva 1,217 $ 155,275,000 $ 127,000 $ 70,000
Greene 193 $ 18,805,000 $ 97,000 $ 52,000
Hale 595 $ 73,005,000 $ 122,000 $ 67,000
Henry 1,138 $ 179,430,000 $ 157,000 $ 80,000
Houston 6,533 $ 1,117,625,000 $ 171,000 $ 90,000
Jackson 2,233 $ 347,085,000 $ 155,000 $ 79,000
Jefferson 45,964 $ 10,698,460,000 $ 232,000 $ 118,000
Lamar 393 $ 41,595,000 $ 105,000 $ 100,000
Lauderdale 5,862 $ 986,560,000 $ 168,000 $ 109,000
Lawrence 1,691 $ 206,675,000 $ 122,000 $ 84,000
Lee 12,758 $ 2,825,360,000 $ 221,000 $ 108,000
Limestone 10,396 $ 2,205,420,000 $ 212,000 $ 102,000
Lowndes 372 $ 44,370,000 $ 119,000 $ 64,000
Macon 552 $ 58,480,000 $ 105,000 $ 63,000
Madison 37,851 $ 8,585,335,000 $ 226,000 $ 115,000
Marengo 649 $ 75,825,000 $ 116,000 $ 91,000
Marion 999 $ 117,325,000 $ 117,000 $ 238,000
Marshall 5,399 $ 949,785,000 $ 175,000 $ 89,000
Mobile 21,872 $ 3,780,590,000 $ 172,000 $ 95,000
Monroe 591 $ 64,195,000 $ 108,000 $ 71,000
Montgomery 11,975 $ 2,303,705,000 $ 192,000 $ 98,000
Morgan 7,631 $ 1,245,285,000 $ 163,000 $ 86,000
Perry 199 $ 18,655,000 $ 93,000 $ 52,000
Pickens 647 $ 72,655,000 $ 112,000 $ 92,000
Pike 1,166 $ 182,550,000 $ 156,000 $ 91,000
Randolph 1,213 $ 218,185,000 $ 179,000 $ 105,000
Russell 3,486 $ 591,100,000 $ 169,000 $ 70,000
Shelby 23,590 $ 5,458,220,000 $ 231,000 $ 110,000
St. Clair 7,859 $ 1,446,825,000 $ 184,000 $ 84,000
Sumter 254 $ 30,200,000 $ 118,000 $ 68,000
Talladega 3,651 $ 535,555,000 $ 146,000 $ 79,000
Tallapoosa 2,824 $ 687,660,000 $ 243,000 $ 159,000
Tuscaloosa 13,711 $ 2,741,095,000 $ 199,000 $ 103,000
Walker 2,877 $ 392,535,000 $ 136,000 $ 81,000
Washington 521 $ 60,795,000 $ 116,000 $ 74,000
Wilcox 243 $ 25,805,000 $ 106,000 $ 67,000
Winston 1,472 $ 298,320,000 $ 202,000 $ 149,000

We hope these mortgage application details and statistics will give you a better idea of what to expect when applying for a mortgage.
Whether you are looking for a home loan, for home financing or refinancing, or for home improvement loan statistics, we have the information you need.
These mortgage application stats give you everything you need to know as you start your search for the best mortgage lender in Alabama.

If you prefer, you can download a copy of the entire list of mortgage lenders in Alabama and search similar information back through 2003.

Download the Alabama Lender List