Safe Rate Rankings

Best Conventional Mortgage Lenders in Alabama

Updated June 4, 2026

Rankings are a starting point, not a verdict. Safe Rate recommends speaking with 2-3 lenders to find the right fit for your home loan!

⚖️ 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%

Alabama Market Insights

Dsld Mortgage is Safe Rate's top-ranked Conventional lender in Alabama, leading on pricing, pullthrough, Conventional product expertise, and local knowledge.
There is often a pricing vs. pullthrough tradeoff in mortgage lending. In Alabama, Dsld Mortgage and Navy Federal Credit Union scores highest on Conventional pricing while Rocket Mortgage and United Wholesale Mortgage leads on likelihood to close. That is why we encourage speaking with multiple lenders.
United Wholesale Mortgage (UWM) ranks #2 in Alabama, serving as the platform behind many independent local brokers who live and work in the community. A local broker knows the neighborhoods, the local market, and is personally invested in your outcome. Real estate agents often prefer referring local brokers for their accessibility and responsiveness, qualities that matter when a deal is moving fast. Pricing and experience can vary by broker.
Popular names in Alabama: Rocket Mortgage (#3) and Trustmark National Bank (#5).

Explore Rankings by Type

Overall Rankings

All lenders in Alabama

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By Institution Type

Banks Credit Unions Mortgage Companies

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Rank	Lender	Overall	Pricing	Product	Pull Through	Place	Avg Fees	Rate Spread	# of Loans
1	DSLD MORTGAGE, LLC Independent Mortgage CompanyDirect	Exceptional	Exceptional	Exceptional	Strong	Strong	$83Fees	0.462%Below	291
2	UNITED WHOLESALE MORTGAGE, LLC Independent Mortgage CompanyWholesale	Exceptional	Acceptable*	Exceptional	Exceptional	Exceptional	$2,862Fees	0.120%Above	3,461
3	ROCKET MORTGAGE, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Exceptional	Exceptional	$3,829Fees	0.446%Above	4,227
4	NAVY FEDERAL CREDIT UNION Credit UnionDirect	Strong	Exceptional	Exceptional	Sound	Exceptional	$965Fees	0.454%Below	655
5	Trustmark National Bank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$1,799Fees	0.253%Above	1,916
6	GMFS LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Exceptional	Exceptional	$2,602Fees	0.065%Above	785
7	FirstBank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$2,257Fees	0.159%Above	1,072
8	REDSTONE Federal Credit Union Credit UnionDirect	Strong	Strong	Strong	Strong	Exceptional	$1,218Fees	0.213%Above	651
9	Truist Bank BankDirect	Strong	Strong	Exceptional	Strong	Strong	$1,893Fees	0.180%Above	229
10	MOVEMENT MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,656Fees	0.422%Above	1,445
11	PNC Bank, National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$637Fees	0.205%Above	214
12	U.S. Bank National Association BankDirect	Strong	Strong	Exceptional	Strong	Strong	$908Fees	0.048%Above	121
13	Renasant Bank BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Exceptional	$2,491Fees	0.261%Above	1,328
14	Cadence Bank BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$2,104Fees	0.191%Above	756
15	SouthState Bank, National Association BankDirect	Strong	Sound	Exceptional	Strong	Exceptional	$2,150Fees	0.202%Above	677
16	JPMorgan Chase Bank, National Association BankDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,411Fees	0.134%Above	371
17	ServisFirst Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$1,853Fees	0.169%Above	316
18	Regions Bank BankDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$1,815Fees	0.363%Above	1,890
19	FAIRWAY INDEPENDENT MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$2,425Fees	0.452%Above	1,578
20	Wells Fargo Bank, National Association BankDirect	Strong	Strong	Exceptional	Sound	Strong	$2,124Fees	0.102%Above	479
21	BankPlus BankDirect	Strong	Strong	Strong	Strong	Strong	$1,307Fees	0.035%Above	158
22	GUILD MORTGAGE COMPANY LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,107Fees	0.392%Above	1,317
23	CMG MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,101Fees	0.274%Above	767
24	TOWNE MORTGAGE COMPANY Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Exceptional	$2,636Fees	0.334%Above	556
25	LOANDEPOT.COM, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$3,163Fees	0.416%Above	549
26	Ameris Bank BankDirect	Strong	Sound	Exceptional	Strong	Strong	$2,171Fees	0.210%Above	386
27	First Federal Bank, A FSB BankDirect	Strong	Acceptable	Strong	Strong	Exceptional	$3,518Fees	0.138%Above	1,204
28	FIRST COLONY MORTGAGE CORPORATION Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$3,083Fees	0.097%Above	322
29	Synovus Bank BankDirect	Strong	Sound	Strong	Strong	Exceptional	$2,321Fees	0.182%Above	573
30	VANDERBILT MORTGAGE AND FINANCE, INC. Independent Mortgage CompanyDirect	Strong	Sound	Exceptional	Strong	Strong	$2,588Fees	0.010%Above	434
31	Flagstar Bank, N.A. BankDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$2,031Fees	0.284%Above	403
32	Heritage Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Sound	Strong	Strong	Exceptional	$2,503Fees	0.129%Below	397
33	First Horizon Bank BankDirect	Strong	Sound	Exceptional	Strong	Strong	$2,038Fees	0.149%Above	213
34	UNION HOME MORTGAGE CORP. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Exceptional	$3,128Fees	0.427%Above	750
35	PENNYMAC LOAN SERVICES, LLC Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Sound	Exceptional	$2,146Fees	0.026%Below	747
36	CROSSCOUNTRY MORTGAGE, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$3,338Fees	0.480%Above	672
37	FIRST COMMUNITY MORTGAGE, INC. Independent Mortgage CompanyDirect & Wholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$2,818Fees	0.254%Above	379
38	Bank Independent BankDirect	Strong	Acceptable	Strong	Exceptional	Exceptional	$2,807Fees	0.168%Above	292
39	MORTGAGE INVESTORS GROUP, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,771Fees	0.301%Above	283
40	ARK-LA-TEX FINANCIAL SERVICES, LLC. Independent Mortgage CompanyDirect & Wholesale	Strong	Sound*	Exceptional	Strong	Strong	$2,622Fees	0.387%Above	201
41	Listerhill Credit Union Credit UnionDirect	Strong	Sound	Strong	Exceptional	Strong	$2,283Fees	0.232%Above	162
42	Prosperity Home Mortgage, LLC Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,052Fees	0.297%Above	463
43	THE LOAN STORE, INC. Independent Mortgage CompanyWholesale	Strong	Acceptable*	Exceptional	Strong	Strong	$2,776Fees	0.274%Above	241
44	ALABAMA ONE Credit UnionDirect	Strong	—	Sound	Strong	Strong	—	—	164
45	Tyndall Federal Credit Union Credit UnionDirect	Strong	Sound	Strong	Exceptional	Strong	$1,320Fees	0.165%Above	141
46	STOCKTON MORTGAGE CORPORATION Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Exceptional	$3,534Fees	0.405%Above	764
47	Assurance Financial Group, L.L.C. Independent Mortgage CompanyDirect	Strong	Acceptable	Strong	Strong	Exceptional	$3,218Fees	0.568%Above	550
48	GUARANTEED RATE, INC. Independent Mortgage CompanyDirect	Strong	Acceptable	Exceptional	Strong	Strong	$2,937Fees	0.245%Above	214
49	MUTUAL OF OMAHA MORTGAGE, INC. Independent Mortgage CompanyDirect	Strong	Strong	Strong	Sound	Strong	$2,814Fees	0.345%Above	183
50	BankFirst Financial Services BankDirect	Strong	—	Strong	Strong	Strong	—	—	172

❓ Frequently Asked Questions

How are mortgage lenders ranked in Alabama?+

Safe Rate ranks lenders using the 4 Ps framework, derived entirely from HMDA (Home Mortgage Disclosure Act) data: Pricing (how competitively a lender prices loans vs. the market benchmark), Pullthrough (how effectively a lender closes applications), Place (the lender's depth of expertise in Alabama), and Product (performance on specific loan types). Each lender receives a composite Safe Rate Score from 0–100. No lender pays to appear in the rankings.

What is the Safe Rate Score?+

The Safe Rate Score is a 0–100 composite index measuring a lender's performance across Pricing, Pullthrough, Place, and Product. Scores of 80 or above earn Champion status; scores of 60–79 earn Superstar status. All scores are calculated from verified HMDA data — no lender can pay to improve their position.

How many mortgage lenders are active in Alabama?+

Based on 2024 HMDA data, 278 lenders originated a combined 59,046 loans in Alabama. Safe Rate's rankings evaluate all of them — not just a curated shortlist.

What does the rate spread tell me about a lender in Alabama?+

Rate spread measures how much above the Average Prime Offer Rate (APOR) a lender charges. The median rate spread in Alabama is 0.35%. Lenders in Safe Rate's top rankings consistently price below this median, meaning borrowers typically pay less interest over the life of their loan.

What is HMDA data and why does Safe Rate use it?+

HMDA (Home Mortgage Disclosure Act) is a federal law requiring every mortgage lender to disclose every loan application annually — including rates, amounts, approvals, and denials. Safe Rate uses HMDA because it is government-verified, covers all lenders equally, and cannot be gamed. It is the most objective foundation available for lender rankings.

Does Safe Rate accept payment from lenders to appear in rankings?+

No. Safe Rate rankings are strictly data-driven. No lender can pay to appear in or improve their position in Safe Rate's rankings. The only factor that determines a lender's rank is their verified HMDA performance data.

What is the difference between a bank, credit union, and independent mortgage company?+

Banks and credit unions offer mortgages alongside checking, savings, and other products. Independent Mortgage Companies (IMCs) focus exclusively on originating loans and often offer more product variety and speed. In Alabama's rankings, all three institution types are evaluated on the same HMDA performance metrics.

How We Rank Lenders

Our rankings use a weighted average of scores across equally-weighted categories to evaluate lenders on a linear, raw performance scale.

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.

⚖️ Licensing & Disclosures

Lender rankings and market statistics are created by Dylan Hall, licensed mortgage loan officer (NMLS #1658740). Safe Rate is a mortgage technology platform; mortgage lending services are provided by PartnerOwn LLC dba Safe Rate Mortgage, a licensed mortgage broker and lender (NMLS #1590949). Safe Rate Mortgage is a lending partner of some of the lenders ranked on this page, and Safe Rate Inc. has software or service customers on this list; however, all rankings are calculated using objective, public Home Mortgage Disclosure Act (HMDA) datasets, completely independent of any corporate partnerships, client relationships, or compensation.