Safe Rate Rankings

Best FHA Mortgage Bank Lenders in Alabama

Updated June 2, 2026

⚖️ The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

🛡️ No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

📊 HMDA 2024Built using publicly available originated loan data from the federal government.

🎯 Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.

Market

Total Lenders278

Total Loans59,046

Median Rate Spread0.35%

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	ServisFirst BankBank	Exceptional	Exceptional	Strong	Strong	Exceptional	$1,853Fees	0.169%Above	316
2	First Federal Bank, A FSBBank	Exceptional	Strong	Exceptional	Strong	Exceptional	$3,518Fees	0.138%Above	1,204
3	Cadence BankBank	Exceptional	Strong	Exceptional	Strong	Exceptional	$2,104Fees	0.191%Above	756
4	SouthState Bank, National AssociationBank	Exceptional	Strong	Strong	Strong	Exceptional	$2,150Fees	0.202%Above	677
5	Synovus BankBank	Exceptional	Strong	Strong	Strong	Exceptional	$2,321Fees	0.182%Above	573
6	SouthPoint BankBank	Exceptional	Strong	Strong	Strong	Exceptional	$2,350Fees	0.221%Above	516
7	BankPlusBank	Exceptional	Exceptional	Strong	Sound	Strong	$1,307Fees	0.035%Above	158
8	Trustmark National BankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$1,799Fees	0.253%Above	1,916
9	Renasant BankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,491Fees	0.261%Above	1,328
10	FirstBankBank	Exceptional	Sound	Exceptional	Strong	Exceptional	$2,257Fees	0.159%Above	1,072
11	Bank IndependentBank	Exceptional	Strong	Strong	Sound	Exceptional	$2,807Fees	0.168%Above	292
12	First Horizon BankBank	Exceptional	Strong	Strong	Strong	Strong	$2,038Fees	0.149%Above	213
13	Community Bank of MississippiBank	Exceptional	Strong	Strong	Strong	Strong	$2,922Fees	0.554%Above	135
14	Regions BankBank	Strong	Sound	Exceptional	Sound	Exceptional	$1,815Fees	0.363%Above	1,890
15	Flagstar Bank, N.A.Bank	Strong	Sound	Exceptional	Strong	Strong	$2,031Fees	0.284%Above	403
16	Ameris BankBank	Strong	Sound	Exceptional	Strong	Strong	$2,171Fees	0.210%Above	386
17	Truist BankBank	Strong	Strong	Strong	Sound	Strong	$1,893Fees	0.180%Above	229
18	PNC Bank, National AssociationBank	Strong	Strong	Strong	Sound	Strong	$637Fees	0.205%Above	214
19	Plains Commerce BankBank	Strong	Sound	Exceptional	Strong	Strong	$2,269Fees	0.486%Above	207
20	Bank of EnglandBank	Strong	Sound	Exceptional	Strong	Strong	$3,715Fees	0.669%Above	153
21	United Community BankBank	Strong	Sound	Strong	Strong	Strong	$2,488Fees	0.367%Above	205
22	Magnolia Bank, IncorporatedBank	Strong	Sound	Strong	Strong	Strong	$2,821Fees	0.389%Above	145
23	Wells Fargo Bank, National AssociationBank	Strong	Sound	Strong	Sound	Strong	$2,124Fees	0.102%Above	479
24	JPMorgan Chase Bank, National AssociationBank	Strong	Sound	Strong	Sound	Strong	$2,411Fees	0.134%Above	371

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 40 Points)

Pricing

Rate and fee competitiveness (25%)

Pull Through

Reliability in closing loans (25%)

Product

Specialization in the loan type (25%)

Place

Local market expertise (25%)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.