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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Madison County, Alabama

Fat Boy Data analyzed home improvement loan activity in Madison County, 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. 4,580 applications were decided by 98 lenders between 2023 and 2025.

Madison County at a glance

98Active lenders25 with 20+ decisions
69.2%Market approval rate3,168 of 4,580 decided
$55KTypical loanmedian lender, $10K brackets
88%Borrower take-up2,797 loans funded

How Madison County compares

Approval rate compared
Madison County69.2%Alabama62.3%All 616 counties62.7%
Typical loan compared
Madison County$55KAlabama$55KAll 616 counties$75K

What the data shows

Redstone Federal Credit Union made the most home improvement loans in Madison County, AL, 1,426 of them.

That is 51% of every home improvement loan originated here, so this market is unusually concentrated in one lender.

ServisFirst Bank approved the highest share of applications among lenders with at least 20 decisions here, 97% of 30.

Lenders approved 69.2% of home improvement loan applications in Madison County, AL, 6.8 percentage points above the Alabama rate of 62.3%.

Only 1 lender here typically writes at or below $35K: North Alabama Educators Credit Union.

Approval rate of all 25 lenders with 20+ decisions here
0%25%50%75%100%Bank of America, National Association: 37% approved of 86Discover Bank: 41% approved of 107Spring Eq, LLC: 49% approved of 61Pentagon Federal Credit Union: 51% approved of 39Truist Bank: 52% approved of 58Regions Bank: 55% approved of 810U.S. Bank National Association: 55% approved of 47Pinnacle Bank: 59% approved of 22PNC Bank, National Association: 60% approved of 169United Community Bank: 61% approved of 46Citizens Bank, National Association: 69% approved of 26Avadian: 73% approved of 60Navy Federal Credit Union: 74% approved of 174Redstone Federal Credit Union: 75% approved of 2,196Figure Lending LLC: 77% approved of 87Synovus Bank: 78% approved of 27SouthState Bank, National Association: 80% approved of 61Trustmark Bank: 81% approved of 26Nationstar Mortgage LLC: 82% approved of 28CB&S Bank, Inc.: 84% approved of 56North Alabama Educators Credit Union: 90% approved of 20Bryant Bank: 95% approved of 21River Bank & Trust: 95% approved of 21ServisFirst Bank: 97% approved of 30Coastal Community Bank: 100% approved of 73

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

Home improvement loan lenders in Madison County

LenderApprovalApprovedTaken upTypical loanLoans made
1Redstone Federal Credit Union75%1,646 / 2,19687%$55K1,426
2Regions Bank55%445 / 81088%$55K393
3Navy Federal Credit Union74%128 / 17495%$65K121
4PNC Bank, National Association60%101 / 16998%$75K99
5Discover Bank41%44 / 10795%$65K42

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 93 more lenders.

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You are seeing the 5 largest home improvement loan lenders in Madison County. 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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