What loan types does Ally Bank offer?

Ally Bank offers the following mortgage loan types: Conventional, Jumbo. Each product has its own pricing score and performance metrics.

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 an overall pricing score of 61.7/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Ally Bank?

Ally Bank is a Bank headquartered in Sandy, UT.

Unclaimed

Ally Bank

Bank•Sandy, UT•Direct to Consumer

We analyzed every closed loan from Ally Bank — 2.5k loans across 5k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Strong

vs. all lenders

Pull Through

Acceptable

closing strength

Products

Strong

Conventional · Jumbo

Place

Sound

National · 49 mkts

Shopping for a Mortgage?

Save Ally Bank or ask our AI assistant to explore your options.

Safe Rate's Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees
Particularly strong in Conventional and Jumbo loans
Nationwide availability with consistent service

Things to Think About

Pull through efficiency is below industry average

Explore another lender or local market

Report Card

Ally Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Strong	Highly Competitive +14.7 bps above market avg
Pull Through Closing strength	Acceptable	Near industry average Bottom 40% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
Jumbo	Strong	Highly Competitive Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Sound	Industry Standard Top 60% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders National50 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Sound	Strong	Strong	Mediocre	2,401	97.5%	+0.147%Above	$1,870Fees
Jumbo Loans	Sound	Strong	Strong	Acceptable	62	2.5%	+0.128%Above	$32Credit

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Sound	Strong	Strong	Acceptable	2,237	90.8%	+0.141%Above	$1,779Fees
Refinance	Acceptable	Sound	Sound	Mediocre	226	9.2%	+0.197%Above	$2,299Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

2,463

Applications

5,223

Volume

$895 million

Pricing & Closing

Avg Rate Spread

+0.147%

vs. market APOR

Avg Net Fees

$1,829

Origination − Credits

Pullthrough Rate

47.2%

Applications → Closed

Typical Borrower

Avg Loan Amount

$363,656

Avg Borrower Income

$167,047

Avg Property Value

$493,965

Geographic Coverage

Geographic Performance

Metro Areas

States Served

Why 51? We count DC as a state

Avg Place Specialization

Sound

States with Loan Originations

AKALARAZCACOCTDCDEFLGAHIIAIDILINKSKYLAMAMDMEMIMNMOMSMTNCNDNENHNJNMNVNYOHOKORPARISCSDTNTXUTVAVTWAWIWVWY

Top Metro Areas by Place Specialization Score

Charlotte, NC-SCMSA

Volume: 62Mix: 2.52%of portfolio

Place

Sound

Houston, TXMSA

Volume: 57Mix: 2.31%of portfolio

Place

Sound

Raleigh, NCMSA

Volume: 35Mix: 1.42%of portfolio

Place

Sound

Dallas, TXMSA

Volume: 49Mix: 1.99%of portfolio

Place

Sound

Atlanta, GAMSA

Volume: 45Mix: 1.83%of portfolio

Place

Sound

Chicago, ILMSA

Volume: 46Mix: 1.87%of portfolio

Place

Sound

Montgomery County, PAMSA

Volume: 29Mix: 1.18%of portfolio

Place

Sound

New York, NY-NJMSA

Volume: 37Mix: 1.50%of portfolio

Place

Sound

Pittsburgh, PA, PAMSA

Volume: 28Mix: 1.14%of portfolio

Place

Sound

Minneapolis, MN-WIMSA

Volume: 36Mix: 1.46%of portfolio

Place

Sound

Showing 10 of 49 metro areas

Top States by Place Specialization Score

PAState

Volume: 142Mix: 5.77%of portfolio

Place

Strong

TXState

Volume: 205Mix: 8.32%of portfolio

Place

Strong

NCState

Volume: 158Mix: 6.41%of portfolio

Place

Strong

FLState

Volume: 208Mix: 8.44%of portfolio

Place

Strong

OHState

Volume: 110Mix: 4.47%of portfolio

Place

Sound

NJState

Volume: 76Mix: 3.09%of portfolio

Place

Sound

CAState

Volume: 149Mix: 6.05%of portfolio

Place

Sound

SCState

Volume: 67Mix: 2.72%of portfolio

Place

Sound

ILState

Volume: 84Mix: 3.41%of portfolio

Place

Sound

GAState

Volume: 87Mix: 3.53%of portfolio

Place

Sound

Showing 10 of 40 states

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 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

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.

Looking for a different lender?

Are you the owner of Ally Bank?

Claim this profile to add your business logo, highlight verified loan officers, collect verified reviews, and customize your marketing presence.

Claim this Profile

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.