Shelby County, AL Mortgage Lenders & HMDA Data, 2017
In 2017, lenders reported 12,165 mortgage applications in Shelby County, AL totaling $2.3 billion, down 13% from 2016. The average application was for $192,000, and applicants reported an average income of $79,000. 54% of applications resulted in an originated loan and 13% were denied. The most active lender was Regions Bank, with 953 applications, followed by Wells Fargo Bank NA and Fairway Independent Mort Corp.
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| 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 | 12,165 |
| Total Mortgage Loan Application Amount | $2,338,081,000 |
| Average Mortgage Loan Application Amount | $192,000 |
| Highest Mortgage Loan Application Amount | $35,210,000 |
| Average Applicant Income | $79,000 |
| Highest Applicant Income | $4,735,000 |
Top Mortgage Lenders in Shelby County, AL (2017)
Ranked by the number of mortgage applications each lender reported in Shelby County, AL in 2017.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | Regions Bank Birmingham, AL |
953 | $141,964,000 | $148,000 | $89,000 |
| 2 | Wells Fargo Bank NA Minneapolis, MN |
796 | $159,952,000 | $200,000 | $86,000 |
| 3 | Fairway Independent Mort Corp Madison, WI |
548 | $120,360,000 | $219,000 | $100,000 |
| 4 | Firstbank Nashville, TN |
326 | $58,227,000 | $178,000 | $74,000 |
| 5 | Interlinc Mortgage Services, LLC Houston, TX |
309 | $61,819,000 | $200,000 | $84,000 |
| 6 | Renasant Bank Johns Creek, GA |
303 | $64,998,000 | $214,000 | $100,000 |
| 7 | Nationstar Mortgage Coppell, TX |
279 | $50,537,000 | $181,000 | $61,000 |
| 8 | Franklin American Mortgage Company Franklin, TN |
272 | $57,364,000 | $210,000 | $54,000 |
| 9 | Freedom Mortgage Corporation Boca Raton, FL |
263 | $47,578,000 | $180,000 | $23,000 |
| 10 | PennyMac Loan Services LLC Westlake Village, CA |
254 | $46,896,000 | $184,000 | $4,000 |
The tables below break down 2017 mortgage applications in Shelby 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 Shelby County, AL in 2017
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 | 7,190 | $1,436,873,000 | $199,000 | $2,000,000 | $77,000 | $2,451,000 |
| Refinancing | 4,282 | $844,729,000 | $197,000 | $35,210,000 | $81,000 | $4,735,000 |
| Home Improvement | 693 | $56,479,000 | $81,000 | $960,000 | $85,000 | $828,000 |
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 | 8,210 | $1,559,064,000 | $189,000 | $1,510,000 | $91,000 | $4,735,000 |
| Not applicable | 1,337 | $296,972,000 | $222,000 | $35,210,000 | $10,000 | $725,000 |
| Black or African American | 1,174 | $214,196,000 | $182,000 | $900,000 | $66,000 | $446,000 |
| Not Provided | 859 | $165,374,000 | $192,000 | $1,000,000 | $91,000 | $888,000 |
| Hispanic | 322 | $48,888,000 | $151,000 | $424,000 | $60,000 | $679,000 |
| Asian | 192 | $40,582,000 | $211,000 | $1,280,000 | $94,000 | $640,000 |
| American Indian or Alaskan Native | 55 | $9,736,000 | $177,000 | $411,000 | $84,000 | $600,000 |
| Native Hawaiian or Other Pacific Islander | 16 | $3,269,000 | $204,000 | $540,000 | $87,000 | $220,000 |
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) | 7,803 | $1,536,397,000 | $196,000 | $35,210,000 | $94,000 | $4,735,000 |
| FHA-insured (Federal Housing Administration) | 2,702 | $452,109,000 | $167,000 | $541,000 | $49,000 | $1,344,000 |
| VA-guaranteed (Veterans Administration) | 1,270 | $290,908,000 | $229,000 | $825,000 | $62,000 | $1,207,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 390 | $58,667,000 | $150,000 | $283,000 | $36,000 | $120,000 |
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 | 6,548 | $1,332,538,000 | $203,000 | $35,210,000 | $92,000 | $4,735,000 |
| Loan Purchased By The Institution | 1,772 | $352,329,000 | $198,000 | $989,000 | $33,000 | $1,048,000 |
| Application Denied By Financial Institution | 1,556 | $224,876,000 | $144,000 | $989,000 | $71,000 | $1,344,000 |
| Application Withdrawn By Applicant | 1,396 | $275,835,000 | $197,000 | $1,080,000 | $90,000 | $888,000 |
| File Closed For Incompleteness | 504 | $84,211,000 | $167,000 | $865,000 | $63,000 | $616,000 |
| Application Approved But Not Accepted | 387 | $68,002,000 | $175,000 | $795,000 | $77,000 | $530,000 |
| Preapproval Denied by Financial Institution | 2 | $290,000 | $145,000 | $167,000 | $39,000 | $51,000 |
| Preapproval Approved but not Accepted | 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 | 227 | $28,204,000 | $124,000 | $750,000 | $78,000 | $888,000 |
| Debt-To-Income Ratio | 171 | $29,667,000 | $173,000 | $860,000 | $53,000 | $187,000 |
| Collateral | 129 | $25,179,000 | $195,000 | $590,000 | $105,000 | $1,344,000 |
| Credit Application Incomplete | 125 | $24,221,000 | $193,000 | $900,000 | $102,000 | $630,000 |
| Other | 58 | $8,618,000 | $148,000 | $387,000 | $68,000 | $324,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 31 | $5,934,000 | $191,000 | $580,000 | $80,000 | $323,000 |
| Unverifiable Information | 28 | $4,790,000 | $171,000 | $599,000 | $71,000 | $527,000 |
| Employment History | 13 | $2,323,000 | $178,000 | $424,000 | $62,000 | $153,000 |
| 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.
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