Lender in Alabama · HMDA 2025
New American Funding mortgages in Alabama
New American Funding's 2025 home-purchase and refinance lending in Alabama, compared with all lenders in the state.
New American Funding originated 657 owner-occupied single-family loans in Alabama from 784 completed applications.
Its median conventional purchase loan costs were $4,950 versus $4,370 for all Alabama lenders, at a median 30-year fixed rate of 6.75% (Alabama: 6.562%).
Loans in AL
657
of 784 applications
Denial rate
5.8%
Purchase · AL 9.1%
Rate spread
+0.47 pts
Conv. · AL +0.17 pts
Loan amount
$235,000
Purchase · AL $265,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 550 | 517 | 5.8% | 6.750% | +0.47 pts | $4,950 | $235,000 |
| Refinance | 72 | 54 | 25.0% | — | — | — | $265,000 |
| Cash-out refinance | 162 | 86 | 46.9% | — | — | — | $175,000 |
*Conventional loans only; medians with at least 20 loans.
Alabama counties where New American Funding ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Morgan County | 4 | 72 | 4.2% |
| Wilcox County | 4 | 2 | 5.7% |
| Walker County | 7 | 14 | 2.6% |
| Lawrence County | 8 | 12 | 3.6% |
| Jackson County | 14 | 8 | 1.4% |
| Etowah County | 15 | 23 | 1.9% |
| DeKalb County | 15 | 15 | 2.1% |
| Choctaw County | 15 | 1 | 2.3% |
| Tallapoosa County | 16 | 6 | 1.3% |
| Pike County | 16 | 4 | 1.4% |
| Cullman County | 17 | 16 | 1.4% |
| Colbert County | 17 | 15 | 1.6% |
| Lauderdale County | 18 | 19 | 1.4% |
| Mobile County | 19 | 65 | 1.4% |
| Washington County | 19 | 2 | 1.7% |
| Baldwin County | 20 | 50 | 1.0% |
| Chilton County | 20 | 5 | 1.0% |
| Escambia County | 20 | 3 | 1.1% |
| Winston County | 20 | 2 | 1.1% |
| Macon County | 20 | 1 | 1.5% |
| Barbour County | 21 | 2 | 1.2% |
| Covington County | 22 | 3 | 0.9% |
| Bibb County | 22 | 2 | 1.4% |
| Jefferson County | 23 | 82 | 1.0% |
| Russell County | 23 | 8 | 0.8% |
| Marion County | 23 | 2 | 0.9% |
- New American Funding nationwide
- Alabama mortgage market
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- New American Funding in California
- New American Funding in Georgia
- New American Funding in Illinois
- New American Funding in Florida
- New American Funding in Missouri
- New American Funding in Pennsylvania
- New American Funding in Minnesota
- New American Funding in Washington
- New American Funding in Ohio
- New American Funding in Tennessee
- New American Funding in North Carolina
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology