Madison County, AL Mortgage Lenders & HMDA Data, 2011
In 2011, lenders reported 24,723 mortgage applications in Madison County, AL totaling $4.0 billion, down 13% from 2010. The average application was for $163,000, and applicants reported an average income of $83,000. 46% of applications resulted in an originated loan and 15% were denied. The most active lender was Redstone Federal Credit Union, with 3,184 applications, followed by Wells Fargo Bank NA and Bank of America NA.
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 | 24,723 |
| Total Mortgage Loan Application Amount | $4,045,205,000 |
| Average Mortgage Loan Application Amount | $163,000 |
| Highest Mortgage Loan Application Amount | $10,570,000 |
| Average Applicant Income | $83,000 |
| Highest Applicant Income | $4,200,000 |
Top Mortgage Lenders in Madison County, AL (2011)
Ranked by the number of mortgage applications each lender reported in Madison County, AL in 2011.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Redstone Federal Credit Union Huntsville, AL |
3,184 | $284,302,000 | $89,000 | $81,000 |
| 2 | Wells Fargo Bank NA Minneapolis, MN |
3,059 | $528,284,000 | $172,000 | $88,000 |
| 3 | Bank of America NA Westlake Village, CA |
1,824 | $331,439,000 | $181,000 | $89,000 |
| 4 | American Bank of Huntsville Huntsville, AL |
1,595 | $267,920,000 | $167,000 | $95,000 |
| 5 | JPMorgan Chase Bank, NA Columbus, OH |
938 | $135,774,000 | $144,000 | $49,000 |
| 6 | Wr Starkey Mortgage LLP Plano, TX |
793 | $139,317,000 | $175,000 | $84,000 |
| 7 | Regions Bank Birmingham, AL |
774 | $103,619,000 | $133,000 | $88,000 |
| 8 | USAA Federal Savings Bank San Antonio, TX |
516 | $103,351,000 | $200,000 | $101,000 |
| 9 | Mortgageamerica, Inc. Birmingham, AL |
485 | $67,650,000 | $139,000 | $67,000 |
| 10 | Wells Fargo Funding, Inc Winston-Salem, NC |
439 | $85,497,000 | $194,000 | $96,000 |
The tables below break down 2011 mortgage applications in Madison 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 Madison County, AL in 2011
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 |
|---|---|---|---|---|---|---|
| Refinancing | 14,436 | $2,575,292,000 | $178,000 | $10,570,000 | $90,000 | $4,200,000 |
| Home Purchase | 8,278 | $1,404,296,000 | $169,000 | $1,900,000 | $74,000 | $2,261,000 |
| Home Improvement | 2,009 | $65,617,000 | $32,000 | $577,000 | $69,000 | $1,264,000 |
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 | 16,365 | $2,728,804,000 | $166,000 | $2,544,000 | $93,000 | $4,200,000 |
| Black or African American | 3,221 | $449,129,000 | $139,000 | $943,000 | $69,000 | $1,264,000 |
| Not applicable | 2,225 | $388,751,000 | $174,000 | $10,570,000 | $23,000 | $960,000 |
| Not Provided | 1,936 | $314,003,000 | $162,000 | $1,710,000 | $85,000 | $1,848,000 |
| Asian | 418 | $80,421,000 | $192,000 | $1,500,000 | $109,000 | $1,198,000 |
| Hispanic | 401 | $60,865,000 | $151,000 | $1,600,000 | $81,000 | $909,000 |
| American Indian or Alaskan Native | 125 | $16,809,000 | $134,000 | $402,000 | $70,000 | $264,000 |
| Native Hawaiian or Other Pacific Islander | 32 | $6,423,000 | $200,000 | $417,000 | $140,000 | $435,000 |
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) | 16,449 | $2,649,058,000 | $161,000 | $10,570,000 | $95,000 | $4,200,000 |
| FHA-insured (Federal Housing Administration) | 4,355 | $604,591,000 | $138,000 | $567,000 | $54,000 | $763,000 |
| VA-guaranteed (Veterans Administration) | 3,033 | $673,788,000 | $222,000 | $730,000 | $70,000 | $353,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 886 | $117,768,000 | $132,000 | $319,000 | $40,000 | $92,000 |
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 | 11,436 | $1,836,704,000 | $160,000 | $10,570,000 | $90,000 | $3,027,000 |
| Loan Purchased By The Institution | 5,401 | $959,493,000 | $177,000 | $717,000 | $63,000 | $1,943,000 |
| Application Denied By Financial Institution | 3,589 | $506,323,000 | $141,000 | $1,303,000 | $76,000 | $2,000,000 |
| Application Withdrawn By Applicant | 2,685 | $461,816,000 | $171,000 | $2,540,000 | $92,000 | $1,848,000 |
| Application Approved But Not Accepted | 930 | $163,163,000 | $175,000 | $1,000,000 | $100,000 | $4,200,000 |
| File Closed For Incompleteness | 682 | $117,706,000 | $172,000 | $1,131,000 | $92,000 | $1,719,000 |
| Preapproval Approved but not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| Preapproval Denied by Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
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 |
|---|---|---|---|---|---|---|
| Credit History | 973 | $95,920,000 | $98,000 | $1,000,000 | $62,000 | $1,318,000 |
| Credit Application Incomplete | 505 | $83,904,000 | $166,000 | $1,285,000 | $94,000 | $1,000,000 |
| Collateral | 502 | $96,170,000 | $191,000 | $1,303,000 | $108,000 | $1,730,000 |
| Debt-To-Income Ratio | 473 | $80,203,000 | $169,000 | $990,000 | $58,000 | $788,000 |
| Other | 285 | $39,536,000 | $138,000 | $1,000,000 | $88,000 | $1,040,000 |
| Unverifiable Information | 67 | $12,104,000 | $180,000 | $600,000 | $96,000 | $572,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 63 | $12,785,000 | $202,000 | $1,285,000 | $114,000 | $2,000,000 |
| Employment History | 31 | $4,515,000 | $145,000 | $326,000 | $63,000 | $151,000 |
| Mortgage Insurance Denied | 8 | $1,205,000 | $150,000 | $226,000 | $85,000 | $154,000 |
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