Alabama
HMDA Loan Application Totals
and Mortgage Lending Details
for 2023

Discover comprehensive Alabama mortgage statistics and HMDA loan application data from 2003 to 2023.
Explore detailed insights into the total number of mortgage applications, loan amounts, and lending trends across the state.
Our interactive lists allow you to analyze mortgage data by county and metropolitan area, helping you track regional lending patterns.

Need in-depth lender data?
Easily download a formatted spreadsheet containing aggregated HMDA statistics for all Alabama based lenders.
Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Alabama's mortgage market trends.

Years 2023  2022  2021  2020  2019  2018  2017  2016  2015  2014  2013  2012  2011  2010  2009  2008  2007  2006  2005  2004  2003  
Total Number of Mortgage Applications 192,196
Total Mortgage Loan Application Amount $39,468,805,000
Average Mortgage Loan Application Amount $205,000
Highest Mortgage Loan Application Amount $85,005,000
Average Applicant Income $110,000
Highest Applicant Income $9,780,000

Explore comprehensive HMDA mortgage statistics and application trends for 2023 in Alabama. Below, you'll find key insights, including total mortgage applications, average loan amounts, highest application amounts, and the income levels of top applicants. If you're researching mortgage and loan application data in Alabama, these statistics will help you understand market trends and lending patterns as you navigate the mortgage process.

Our HMDA dataset allows you to analyze mortgage loan applications for 2023 across various categories, including loan purpose, applicant race, loan type, application outcomes, and reasons for denial. These detailed breakdowns provide valuable insights into borrower demographics and lender activity, making them an essential resource for homebuyers, real estate professionals, and industry analysts.

Each category highlights the total number of mortgage applications, total loan amounts, average mortgage sizes, and the highest loan amounts within each segment. You can also explore borrower income data, including average applicant income and the highest reported incomes for mortgage applicants. Whether you're evaluating lender performance, researching loan approval trends, or comparing mortgage options, this HMDA-backed data offers a valuable snapshot of the mortgage landscape in Alabama.

Download the Alabama Lender List

Mortgage Loan Application Detail Totals for Alabama in 2023

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 115,261 $27,507,835,000 $238,000 $62,305,000 $109,000 $9,780,000
Cash-out Refinancing 26,195 $5,254,960,000 $200,000 $56,235,000 $93,000 $5,862,000
Other Purpose 19,637 $1,779,805,000 $90,000 $50,785,000 $122,000 $8,708,000
Home Improvement 15,309 $1,276,110,000 $83,000 $73,005,000 $117,000 $5,010,000
Refinancing 15,212 $3,596,445,000 $236,000 $85,005,000 $123,000 $8,140,000
Not Applicable 582 $53,650,000 $92,000 $495,000 $62,000 $599,000

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 110,501 $21,215,970,000 $191,000 $4,505,000 $116,000 $8,708,000
Black or African American 32,445 $5,252,875,000 $161,000 $9,995,000 $82,000 $5,862,000
Not applicable 20,457 $7,114,305,000 $347,000 $85,005,000 $104,000 $1,313,000
Not Provided 17,943 $3,651,055,000 $203,000 $5,005,000 $114,000 $6,500,000
Hispanic 5,655 $1,061,025,000 $187,000 $1,605,000 $102,000 $8,140,000
Asian 2,882 $728,890,000 $252,000 $2,325,000 $151,000 $2,085,000
American Indian or Alaskan Native 1,497 $253,905,000 $169,000 $2,335,000 $99,000 $2,655,000
Native Hawaiian or Other Pacific Islander 153 $35,345,000 $231,000 $2,475,000 $214,000 $2,133,000

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) 132,088 $24,921,715,000 $188,000 $85,005,000 $120,000 $9,780,000
FHA-insured (Federal Housing Administration) 34,600 $7,338,890,000 $212,000 $28,535,000 $76,000 $1,516,000
VA-guaranteed (Veterans Administration) 22,201 $6,584,125,000 $296,000 $9,995,000 $102,000 $3,107,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 3,307 $624,075,000 $188,000 $435,000 $70,000 $585,000

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 95,517 $21,720,885,000 $227,000 $85,005,000 $124,000 $8,708,000
Application Denied By Financial Institution 36,984 $4,959,005,000 $134,000 $18,005,000 $82,000 $6,600,000
Application Withdrawn By Applicant 23,534 $5,535,650,000 $235,000 $62,305,000 $108,000 $4,420,000
Loan Purchased By The Institution 17,462 $4,364,005,000 $249,000 $2,995,000 $123,000 $3,804,000
File Closed For Incompleteness 12,002 $1,715,985,000 $142,000 $2,335,000 $87,000 $9,780,000
Application Approved But Not Accepted 6,356 $1,103,310,000 $173,000 $23,455,000 $107,000 $2,336,000
Preapproval Denied by Financial Institution 225 $45,015,000 $200,000 $955,000 $96,000 $1,500,000
Preapproval Approved but not Accepted 116 $24,950,000 $215,000 $565,000 $99,000 $492,000

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 151,148 $33,683,570,000 $222,000 $85,005,000 $117,000 $9,780,000
Credit History 15,742 $1,659,160,000 $105,000 $9,995,000 $83,000 $5,862,000
Debt-To-Income Ratio 13,389 $2,206,055,000 $164,000 $10,845,000 $79,000 $4,076,000
Collateral 3,901 $588,375,000 $150,000 $18,005,000 $111,000 $5,415,000
Credit Application Incomplete 2,697 $456,425,000 $169,000 $1,975,000 $106,000 $6,600,000
Other 2,283 $382,760,000 $167,000 $15,455,000 $103,000 $5,105,000
Unverifiable Information 1,937 $285,275,000 $147,000 $1,505,000 $77,000 $1,610,000
Insufficient Cash (Downpayment, Closing Cost) 661 $129,455,000 $195,000 $2,335,000 $88,000 $1,255,000
Employment History 434 $76,980,000 $177,000 $805,000 $65,000 $774,000
Mortgage Insurance Denied 4 $750,000 $187,000 $235,000 $112,000 $199,000
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Mortgage Loan Application Totals in 2023 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 3,967 $ 557,675,000 $ 140,000 $ 76,000
AUBURN-OPELIKA, AL 6,532 $ 1,616,840,000 $ 247,000 $ 127,000
BIRMINGHAM-HOOVER, AL 43,477 $ 9,401,545,000 $ 216,000 $ 117,000
DAPHNE-FAIRHOPE-FOLEY, AL 15,268 $ 4,200,790,000 $ 275,000 $ 146,000
DECATUR, AL 6,175 $ 1,078,475,000 $ 174,000 $ 95,000
DOTHAN, AL 5,868 $ 989,980,000 $ 168,000 $ 96,000
FLORENCE-MUSCLE SHOALS, AL 5,495 $ 950,615,000 $ 172,000 $ 109,000
GADSDEN, AL 3,420 $ 516,435,000 $ 151,000 $ 85,000
HUNTSVILLE, AL 26,012 $ 6,761,880,000 $ 259,000 $ 124,000
MOBILE, AL 14,973 $ 2,768,895,000 $ 184,000 $ 98,000
MONTGOMERY, AL 13,010 $ 2,450,130,000 $ 188,000 $ 102,000
TUSCALOOSA, AL 8,707 $ 1,759,915,000 $ 202,000 $ 111,000
Download the Alabama Lender List

Mortgage Loan Application Totals in 2023 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 2,346 $ 437,500,000 $ 186,000 $ 95,000
Baldwin 15,268 $ 4,200,790,000 $ 275,000 $ 146,000
Barbour 518 $ 72,430,000 $ 139,000 $ 82,000
Bibb 681 $ 90,405,000 $ 132,000 $ 71,000
Blount 2,139 $ 335,595,000 $ 156,000 $ 87,000
Bullock 143 $ 16,085,000 $ 112,000 $ 68,000
Butler 486 $ 56,270,000 $ 115,000 $ 67,000
Calhoun 3,967 $ 557,675,000 $ 140,000 $ 76,000
Chambers 1,049 $ 141,065,000 $ 134,000 $ 69,000
Cherokee 864 $ 152,030,000 $ 175,000 $ 102,000
Chilton 1,933 $ 303,705,000 $ 157,000 $ 98,000
Choctaw 266 $ 30,960,000 $ 116,000 $ 81,000
Clarke 562 $ 74,960,000 $ 133,000 $ 79,000
Clay 382 $ 56,250,000 $ 147,000 $ 82,000
Cleburne 505 $ 80,805,000 $ 160,000 $ 84,000
Coffee 2,407 $ 480,915,000 $ 199,000 $ 105,000
Colbert 2,119 $ 345,655,000 $ 163,000 $ 99,000
Conecuh 259 $ 29,055,000 $ 112,000 $ 75,000
Coosa 383 $ 63,695,000 $ 166,000 $ 114,000
Covington 1,103 $ 151,395,000 $ 137,000 $ 82,000
Crenshaw 425 $ 51,525,000 $ 121,000 $ 74,000
Cullman 3,565 $ 700,025,000 $ 196,000 $ 105,000
Dale 1,574 $ 237,430,000 $ 150,000 $ 91,000
Dallas 712 $ 80,900,000 $ 113,000 $ 67,000
DeKalb 1,922 $ 297,520,000 $ 154,000 $ 90,000
Elmore 3,328 $ 645,050,000 $ 193,000 $ 105,000
Escambia 1,059 $ 141,145,000 $ 133,000 $ 77,000
Etowah 3,420 $ 516,435,000 $ 151,000 $ 85,000
Fayette 482 $ 68,540,000 $ 142,000 $ 77,000
Franklin 734 $ 97,710,000 $ 133,000 $ 87,000
Geneva 1,028 $ 151,050,000 $ 146,000 $ 81,000
Greene 203 $ 25,025,000 $ 123,000 $ 85,000
Hale 485 $ 65,935,000 $ 135,000 $ 68,000
Henry 770 $ 119,930,000 $ 155,000 $ 95,000
Houston 4,070 $ 719,000,000 $ 176,000 $ 100,000
Jackson 1,668 $ 261,830,000 $ 156,000 $ 90,000
Jefferson 23,920 $ 5,402,105,000 $ 225,000 $ 121,000
Lamar 326 $ 38,680,000 $ 118,000 $ 71,000
Lauderdale 3,376 $ 604,960,000 $ 179,000 $ 116,000
Lawrence 1,371 $ 193,935,000 $ 141,000 $ 81,000
Lee 6,532 $ 1,616,840,000 $ 247,000 $ 127,000
Limestone 6,129 $ 1,556,245,000 $ 253,000 $ 113,000
Lowndes 292 $ 40,200,000 $ 137,000 $ 74,000
Macon 484 $ 56,090,000 $ 115,000 $ 81,000
Madison 19,883 $ 5,205,635,000 $ 261,000 $ 128,000
Marengo 451 $ 55,615,000 $ 123,000 $ 76,000
Marion 766 $ 94,900,000 $ 123,000 $ 76,000
Marshall 3,595 $ 661,135,000 $ 183,000 $ 113,000
Mobile 14,561 $ 2,719,495,000 $ 186,000 $ 98,000
Monroe 506 $ 60,950,000 $ 120,000 $ 78,000
Montgomery 7,044 $ 1,327,380,000 $ 188,000 $ 104,000
Morgan 4,804 $ 884,540,000 $ 184,000 $ 99,000
Perry 167 $ 18,725,000 $ 112,000 $ 75,000
Pickens 520 $ 67,220,000 $ 129,000 $ 68,000
Pike 943 $ 151,955,000 $ 161,000 $ 87,000
Randolph 715 $ 130,395,000 $ 182,000 $ 99,000
Russell 2,278 $ 441,830,000 $ 193,000 $ 86,000
Shelby 10,418 $ 2,435,485,000 $ 233,000 $ 128,000
St. Clair 4,386 $ 834,250,000 $ 190,000 $ 97,000
Sumter 253 $ 30,315,000 $ 119,000 $ 102,000
Talladega 2,829 $ 432,455,000 $ 152,000 $ 85,000
Tallapoosa 1,554 $ 383,250,000 $ 246,000 $ 153,000
Tuscaloosa 7,499 $ 1,601,735,000 $ 213,000 $ 117,000
Walker 2,310 $ 334,330,000 $ 144,000 $ 93,000
Washington 412 $ 49,400,000 $ 119,000 $ 81,000
Wilcox 192 $ 21,850,000 $ 113,000 $ 84,000
Winston 855 $ 160,615,000 $ 187,000 $ 135,000

Our comprehensive HMDA mortgage statistics offer invaluable insights into Alabama's 2023 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.

This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively. Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Alabama's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.

Download the Alabama Lender List