Bank Independent
Bank Independent received 1,239 applications in 2025 and made 924 mortgages, in 48 counties across 11 states. The median rate its borrowers got was 6.490% on a median loan of $145,000. Of 1,097 decisions, 141 were denials — 12.9%, most often for credit history.
| Legal Entity Identifier | 549300A7W1NQ3BYZCB68 |
|---|---|
| Applications received | 1,239 |
| Mortgages made | 924 |
| Denied | 141 |
| Approved, not taken up | 32 |
| Withdrawn or incomplete | 142 |
| Loans bought from other lenders | 1 |
| Median rate spread over the prime offer rate | 0.08 points |
| FDIC-insured bank | Yes: Bank Independent, 34 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 414 | 6.375% | $205,000 | 10.9% |
| Refinancing | 319 | 7.250% | $105,000 | 5.8% |
| Cash-out refinancing | 11 | 6.500% | $245,000 | 45.0% |
| Other purposes | 180 | 5.990% | $75,000 | 23.8% |
Where Bank Independent lends most
The 48 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Lauderdale County, AL | 370 | 6.375% | 11.5% |
| Colbert County, AL | 181 | 6.750% | 14.7% |
| Madison County, AL | 103 | 6.829% | 6.1% |
| Morgan County, AL | 69 | 6.624% | 13.6% |
| Limestone County, AL | 67 | 6.500% | 12.7% |
| Lawrence County, AL | 46 | 6.188% | 26.6% |
| Franklin County, AL | 31 | 6.490% | 25.6% |
| Jefferson County, AL | 5 | Under 10 loans | 0.0% |
| Marshall County, AL | 4 | Under 10 loans | 0.0% |
| Lincoln County, TN | 4 | Under 10 loans | 0.0% |
| Baldwin County, AL | 3 | Under 10 loans | 25.0% |
| Cullman County, AL | 3 | Under 10 loans | 0.0% |
| Marion County, AL | 3 | Under 10 loans | 0.0% |
| Tuscaloosa County, AL | 3 | Under 10 loans | 0.0% |
| Winston County, AL | 3 | Under 10 loans | 0.0% |
| Walton County, FL | 3 | Under 10 loans | 0.0% |
| Giles County, TN | 3 | Under 10 loans | 0.0% |
| Mobile County, AL | 2 | Under 10 loans | 0.0% |
| Itawamba County, MS | 2 | Under 10 loans | 0.0% |
| St. Louis County, MO | 2 | Under 10 loans | 0.0% |
| Knox County, TN | 2 | Under 10 loans | 0.0% |
| DeKalb County, AL | 1 | Under 10 loans | 0.0% |
| Jackson County, AL | 1 | Under 10 loans | 0.0% |
| Pinellas County, FL | 1 | Under 10 loans | 0.0% |
| Dawson County, GA | 1 | Under 10 loans | 0.0% |
| DeKalb County, GA | 1 | Under 10 loans | 0.0% |
| Cook County, IL | 1 | Under 10 loans | 0.0% |
| McPherson County, KS | 1 | Under 10 loans | 0.0% |
| Lowndes County, MS | 1 | Under 10 loans | 0.0% |
| Tate County, MS | 1 | Under 10 loans | 0.0% |
| Tishomingo County, MS | 1 | Under 10 loans | 0.0% |
| Wayne County, MS | 1 | Under 10 loans | 0.0% |
| Avery County, NC | 1 | Under 10 loans | 0.0% |
| Rutherford County, TN | 1 | Under 10 loans | 0.0% |
| Sullivan County, TN | 1 | Under 10 loans | 0.0% |
| Midland County, TX | 1 | Under 10 loans | 0.0% |
| Blount County, AL | 0 | Under 10 loans | Not published |
| Calhoun County, AL | 0 | Under 10 loans | Not published |
| Dale County, AL | 0 | Under 10 loans | Not published |
| Eagle County, CO | 0 | Under 10 loans | Not published |
| Escambia County, FL | 0 | Under 10 loans | Not published |
| Calhoun County, MS | 0 | Under 10 loans | Not published |
| Hancock County, MS | 0 | Under 10 loans | Not published |
| Oktibbeha County, MS | 0 | Under 10 loans | 100.0% |
| Lawrence County, TN | 0 | Under 10 loans | 100.0% |
| Maury County, TN | 0 | Under 10 loans | Not published |
| Sevier County, TN | 0 | Under 10 loans | 0.0% |
| Shelby County, TN | 0 | Under 10 loans | Not published |
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When Bank Independent’s figures are published for the next year, or restated.
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.