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investment property improvement lenders · HMDA 2023–2025

Investment property improvement lenders in Alabama

Fat Boy Data analyzed investment home improvement loan activity in Alabama to show which lenders are making these loans, how often they approve, how often borrowers accept the offer, and how much they typically finance. 2,004 applications were decided by 161 lenders between 2023 and 2025.

Alabama at a glance

161Active lenders20 with 20+ decisions
55.5%Market approval rate1,113 of 2,004 decided
$85KTypical loanmedian lender, $10K brackets
90%Borrower take-up1,001 loans funded

How Alabama compares

Approval rate compared
Alabama55.5%All 616 counties51.2%
Typical loan compared
Alabama$85KAll 616 counties$115K

What the data shows

Redstone Federal Credit Union made the most investment home improvement loans in Alabama, 173 of them.

Community Bank of Mississippi approved the highest share of applications among lenders with at least 20 decisions here, 95% of 56.

The typical investment home improvement loan here is $85K, 26% smaller than the the United States typical of $115K.

No lender with a meaningful sample here has a typical investment home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.

Approval rate of all 20 lenders with 20+ decisions here
0%25%50%75%100%Bank of America, National Association: 5% approved of 38Lendingone, LLC: 12% approved of 32Truist Bank: 13% approved of 23Regions Bank: 16% approved of 260Wells Fargo Bank, National Association: 18% approved of 28Spring Eq, LLC: 25% approved of 28PNC Bank, National Association: 27% approved of 96Navy Federal Credit Union: 33% approved of 138Deephaven Mortgage LLC: 47% approved of 74Rocket Mortgage, LLC: 48% approved of 23Figure Lending LLC: 66% approved of 56All In Federal Credit Union: 67% approved of 63Redstone Federal Credit Union: 68% approved of 314Trustmark Bank: 80% approved of 35Homebridge Financial Services, Inc.: 80% approved of 30Cadence Bank: 88% approved of 48Rpe Home Inc.: 91% approved of 22Bryant Bank: 91% approved of 34River Bank & Trust: 93% approved of 56Community Bank of Mississippi: 95% approved of 56

Each dot is one lender, placed at its approval rate. Hover for the name and sample size.

Investment property improvement lenders in Alabama

LenderApprovalApprovedTaken upTypical loanLoans made
1Redstone Federal Credit Union68%212 / 31482%$55K173
2Regions Bank16%41 / 26071%$55K29
3Navy Federal Credit Union33%45 / 13891%$65K41
4PNC Bank, National Association27%26 / 9696%$95K25
5Deephaven Mortgage LLC47%35 / 74100%$115K35

Ranked by lending volume. Approval is the share of decided applications a lender approved; taken up is the share of approvals the borrower accepted. Lenders with fewer than 20 decisions are marked as a limited sample and are never used for a “highest approval” claim. How these numbers are built.

Fat Boy found 156 more lenders.

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You are seeing the 5 largest investment home improvement loan lenders in Alabama. Unlock every lender who decided one of these loans here, what they approved, how much borrowers actually took, and how far the nearest office is.

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Other lending data for Alabama

Counties in Alabama