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home improvement loan lenders · HMDA 2023–2025

Home improvement loan lenders in Morgan County, Alabama

Fat Boy Data analyzed home improvement loan activity in Morgan 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. 1,083 applications were decided by 66 lenders between 2023 and 2025.

Morgan County at a glance

66Active lenders9 with 20+ decisions
68.4%Market approval rate741 of 1,083 decided
$55KTypical loanmedian lender, $10K brackets
87%Borrower take-up642 loans funded

How Morgan County compares

Approval rate compared
Morgan County68.4%Alabama62.3%All 616 counties62.7%
Typical loan compared
Morgan County$55KAlabama$55KAll 616 counties$75K

What the data shows

Redstone Federal Credit Union made the most home improvement loans in Morgan County, AL, 242 of them.

That is 38% of every home improvement loan originated here, so this market is unusually concentrated in one lender.

River Bank & Trust approved the highest share of applications among lenders with at least 20 decisions here, 98% of 42.

Lenders approved 68.4% of home improvement loan applications in Morgan County, AL, 6.1 percentage points above the Alabama rate of 62.3%.

No lender with a meaningful sample here has a typical home improvement loan at or below $35K, so small jobs are poorly served by the banks in this market.

Approval rate of all 9 lenders with 20+ decisions here
0%25%50%75%100%Spring Eq, LLC: 50% approved of 22Regions Bank: 56% approved of 192Navy Federal Credit Union: 62% approved of 21Redstone Federal Credit Union: 70% approved of 416Figure Lending LLC: 70% approved of 30Bank Independent: 74% approved of 23PNC Bank, National Association: 75% approved of 67River Bank & Trust: 98% approved of 42Coastal Community Bank: 100% approved of 32

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

Home improvement loan lenders in Morgan County

LenderApprovalApprovedTaken upTypical loanLoans made
1Redstone Federal Credit Union70%291 / 41683%$55K242
2Regions Bank56%107 / 19287%$45K93
3PNC Bank, National Association75%50 / 6798%$55K49
4River Bank & Trust98%41 / 42100%$105K41
5Coastal Community Bank100%32 / 3234%$35K11

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 61 more lenders.

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You are seeing the 5 largest home improvement loan lenders in Morgan 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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