Lauderdale County, AL Mortgage Lenders & HMDA Data, 2020
In 2020, lenders reported 5,862 mortgage applications in Lauderdale County, AL totaling $986.6 million, up 42% from 2019. The average application was for $168,000, and applicants reported an average income of $109,000. 58% of applications resulted in an originated loan and 10% were denied. The most active lender was Bank Independent, with 676 applications, followed by Regions Bank and Listerhill Credit Union.
Looking for lender-specific data?
Download a formatted spreadsheet with aggregated HMDA statistics
for all lenders based in Alabama.
Whether you're an industry professional, homebuyer, or researcher, this data helps you stay informed
about local mortgage trends and lending activity.
| Years | 2025 2024 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 | 5,862 |
| Total Mortgage Loan Application Amount | $986,560,000 |
| Average Mortgage Loan Application Amount | $168,000 |
| Highest Mortgage Loan Application Amount | $8,875,000 |
| Average Applicant Income | $109,000 |
| Highest Applicant Income | $9,999,000 |
Top Mortgage Lenders in Lauderdale County, AL (2020)
Ranked by the number of mortgage applications each lender reported in Lauderdale County, AL in 2020.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Bank Independent Sheffield, AL |
676 | $100,990,000 | $149,000 | $149,000 |
| 2 | Regions Bank Birmingham, AL |
359 | $48,735,000 | $135,000 | $90,000 |
| 3 | Listerhill Credit Union Sheffield, AL |
274 | $32,900,000 | $120,000 | $102,000 |
| 4 | Trustmark Bank Jackson, MS |
267 | $45,865,000 | $171,000 | $71,000 |
| 5 | Fairway Independent Mort Corp Madison, WI |
228 | $42,800,000 | $187,000 | $79,000 |
| 6 | Assurance Financial Group, L.L.C. Baton Rouge, LA |
222 | $37,690,000 | $169,000 | $71,000 |
| 7 | Wells Fargo Bank NA Minneapolis, MN |
205 | $34,135,000 | $166,000 | $114,000 |
| 8 | Progress Bank and Trust Huntsville, AL |
197 | $46,425,000 | $235,000 | $123,000 |
| 9 | First Federal Bank Tuscaloosa, AL |
186 | $31,530,000 | $169,000 | $74,000 |
| 10 | Freedom Mortgage Corporation Boca Raton, FL |
160 | $28,690,000 | $179,000 | $82,000 |
The tables below break down 2020 mortgage applications in Lauderdale County, AL by loan purpose, applicant race, loan type, outcome and denial reason. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Lauderdale County, AL 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 | 2,331 | $394,675,000 | $169,000 | $2,415,000 | $99,000 | $9,999,000 |
| Refinancing | 2,204 | $404,410,000 | $183,000 | $8,875,000 | $128,000 | $9,999,000 |
| Cash-out Refinancing | 872 | $147,350,000 | $168,000 | $2,475,000 | $84,000 | $851,000 |
| Other Purpose | 219 | $20,815,000 | $95,000 | $625,000 | $144,000 | $8,163,000 |
| Home Improvement | 169 | $12,135,000 | $71,000 | $455,000 | $105,000 | $600,000 |
| Not Applicable | 67 | $7,175,000 | $107,000 | $415,000 | $0 | $0 |
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 | 4,383 | $720,145,000 | $164,000 | $1,355,000 | $107,000 | $9,999,000 |
| Not applicable | 789 | $156,155,000 | $197,000 | $8,875,000 | $82,000 | $450,000 |
| Not Provided | 311 | $55,425,000 | $178,000 | $865,000 | $142,000 | $9,999,000 |
| Black or African American | 224 | $30,720,000 | $137,000 | $475,000 | $115,000 | $9,999,000 |
| Hispanic | 97 | $13,785,000 | $142,000 | $405,000 | $81,000 | $624,000 |
| Asian | 28 | $5,880,000 | $210,000 | $515,000 | $107,000 | $400,000 |
| American Indian or Alaskan Native | 18 | $2,490,000 | $138,000 | $245,000 | $81,000 | $203,000 |
| Native Hawaiian or Other Pacific Islander | 1 | $225,000 | $225,000 | $225,000 | $78,000 | $78,000 |
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) | 4,272 | $710,070,000 | $166,000 | $2,605,000 | $113,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 792 | $125,250,000 | $158,000 | $8,875,000 | $95,000 | $9,999,000 |
| VA-guaranteed (Veterans Administration) | 597 | $123,745,000 | $207,000 | $1,335,000 | $72,000 | $243,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 201 | $27,495,000 | $136,000 | $435,000 | $117,000 | $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 | 3,418 | $586,680,000 | $171,000 | $2,605,000 | $118,000 | $9,999,000 |
| Loan Purchased By The Institution | 863 | $150,775,000 | $174,000 | $665,000 | $101,000 | $733,000 |
| Application Withdrawn By Applicant | 662 | $110,120,000 | $166,000 | $665,000 | $90,000 | $1,389,000 |
| Application Denied By Financial Institution | 607 | $90,165,000 | $148,000 | $8,875,000 | $96,000 | $9,999,000 |
| File Closed For Incompleteness | 183 | $26,715,000 | $145,000 | $475,000 | $71,000 | $600,000 |
| Application Approved But Not Accepted | 121 | $20,895,000 | $172,000 | $1,345,000 | $92,000 | $354,000 |
| Preapproval Approved but not Accepted | 7 | $1,085,000 | $155,000 | $265,000 | $52,000 | $124,000 |
| Preapproval Denied by Financial Institution | 1 | $125,000 | $125,000 | $125,000 | $26,000 | $26,000 |
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 | 5,047 | $861,265,000 | $170,000 | $2,475,000 | $111,000 | $9,999,000 |
| Debt-To-Income Ratio | 350 | $54,370,000 | $155,000 | $2,605,000 | $78,000 | $757,000 |
| Credit History | 207 | $20,025,000 | $96,000 | $465,000 | $125,000 | $9,999,000 |
| Collateral | 87 | $21,065,000 | $242,000 | $8,875,000 | $108,000 | $872,000 |
| Credit Application Incomplete | 77 | $13,015,000 | $169,000 | $1,355,000 | $92,000 | $840,000 |
| Other | 52 | $9,390,000 | $180,000 | $475,000 | $118,000 | $550,000 |
| Unverifiable Information | 17 | $2,405,000 | $141,000 | $415,000 | $65,000 | $122,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 14 | $2,990,000 | $213,000 | $1,405,000 | $81,000 | $224,000 |
| Employment History | 11 | $2,035,000 | $185,000 | $625,000 | $106,000 | $590,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) loan application records that lenders file with the FFIEC each year, and count every application (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About