# Ally Bank

> **Canonical URL:** https://saferate.com/lenders/ally-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Ally Bank is a bank, headquartered in Sandy, UT, serving borrowers nationwide, with 2,463 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 38% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 76% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300C04BJ0G297NC13
- **Headquarters:** Sandy, UT
- **Geographic Reach:** National
- **States Served:** 51
- **State List:** AK, AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, MD, ME, MI, MN, MO, MS, MT, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, WY
- **Markets (MSAs):** 50
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 62/100
- Rating: ●●●●○ (4/5)

### Pull Through: Acceptable 🙂
- Score: 24/100
- Rating: ●●○○○ (2/5)

### Pricing Details
- **Average Rate Spread:** +0.147%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,829
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 2,463
- **Dollar Volume:** $896 million
- **Applications Received:** 5,223
- **Market Share:** 7.00%

## Typical Borrower Profile

- **Average Loan Amount:** $363,656
- **Average Borrower Income:** $167,047
- **Average Property Value:** $493,965

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 61/100 | 2,401 | +0.147% | $1,870 | Strong 😀 |
| Jumbo | 71/100 | 62 | +0.128% | $-32 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 2,184 loans, Score: 62/100 (Strong)
- Refinance: 217 loans, Score: 57/100 (Sound)

**Jumbo:**
- Purchase: 53 loans, Score: 73/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 62/100 | 2,237 | $828M | +0.141% | Strong 😀 |
| Refinance | 52/100 | 226 | $68M | +0.197% | Sound ☺️ |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| FL | 208 | 0.07% | 62/100 |
| TX | 205 | 0.06% | 62/100 |
| NC | 158 | 0.11% | 62/100 |
| CA | 149 | 0.05% | 58/100 |
| PA | 142 | 0.12% | 63/100 |
| OH | 110 | 0.08% | 59/100 |
| GA | 87 | 0.06% | 57/100 |
| IL | 84 | 0.07% | 58/100 |
| MI | 84 | 0.07% | 57/100 |
| NY | 82 | 0.07% | 57/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 291 | 64/100 |
| Charlotte | NC-SC | 62 | 59/100 |
| Houston | TX | 57 | 55/100 |
| Dallas | TX | 49 | 54/100 |
| Chicago | IL | 46 | 53/100 |
| Atlanta | GA | 45 | 53/100 |
| New York | NY-NJ | 37 | 52/100 |
| Minneapolis | MN-WI | 36 | 51/100 |
| Raleigh | NC | 35 | 54/100 |
| Denver | CO | 30 | 49/100 |
| Los Angeles | CA | 30 | 49/100 |
| Fort Worth | TX | 29 | 51/100 |
| Indianapolis | IN | 29 | 50/100 |
| Montgomery County | PA | 29 | 52/100 |
| Orlando | FL | 29 | 49/100 |

## Frequently Asked Questions

### What loan types does Ally Bank offer?

Ally Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Ally Bank offer mortgages?

Ally Bank is a national lender offering mortgages in all 50 states plus Washington D.C.

### How competitive are Ally Bank's mortgage rates?

Ally Bank has a pricing score of 62/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.147% above market average.

### What type of lender is Ally Bank?

Ally Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Sandy, UT.

### What is Ally Bank's loan approval success rate?

Ally Bank has a pull-through score of 24/100 (Acceptable). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/ally-bank

### How to Cite

> "Ally Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/ally-bank

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