Applications / Mortgage Analytics / Lenders / Alabama / CIS Financial Services
Hamilton, AL · Non-bank lender · CFPB · 101 loans in 2025
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101
loans originated, 2025
272
applications, 2025
17
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
CIS Financial Services, an Alabama non-bank lender that mostly finances manufactured homes, made 73% fewer loans in 2025 than a year earlier.
Manufactured homes made up 64.4% of its loans; the typical similar lender, a non-bank making between half and twice as many loans, made none. Purchases were 91.1% of its lending. Its typical loan was $135,000, against $285,000 at similar lenders, and loans insured by the Federal Housing Administration (FHA) were 26.7% of the total, against 16.0%.
Some 56.4% of its loans were higher-priced, meaning a rate well above the average for similar loans, against 0.6% at similar lenders. Its typical rate was 8.15%, against 6.50%. Manufactured-home loans usually cost more than loans on site-built houses, and with two-thirds of its book in them, that could account for most of the gap.
Its loans fell from 909 in 2023 to 374 in 2024 and 101 in 2025. Similar lenders fell by only 6% last year, and the whole market grew by 10%. Its share in Florence-Muscle Shoals, one of its larger markets, slipped from 0.4% to 0.2%, in line with its smaller volume. The figures do not say whether the lender pulled back or lost business.
Low- and moderate-income (LMI) borrowers took 41.8% of its loans, against 30.0% at similar lenders, a higher share than at nineteen in twenty of them. Cheaper homes bought with small loans are a plausible reason. It lends across 17 states, though Alabama is its base.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. CIS Financial Services took 272 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Purchase 91.1% · Refinance 8.9%
Conventional 63.4% · FHA 26.7% · USDA (RHS or FSA) 5.0% · VA 5.0% · of 101 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Alabama | 55 | 54.5% |
| Louisiana | 7 | 6.9% |
| Texas | 6 | 5.9% |
| North Carolina | 4 | 4.0% |
| Tennessee | 4 | 4.0% |
| Arkansas | 3 | 3.0% |
| Missouri | 3 | 3.0% |
| Mississippi | 3 | 3.0% |
| Virginia | 3 | 3.0% |
| Kentucky | 2 | 2.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Florence-Muscle Shoals | 11 |
| Birmingham | 9 |
| Decatur | 4 |
| Tuscaloosa | 3 |
| Virginia Beach-Chesapeake-Norfolk | 3 |
| Fort Worth-Arlington-Grapevine | 2 |
| Kingsport-Bristol | 2 |
| St. Louis | 2 |
| Anniston-Oxford | 1 |
| Auburn-Opelika | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300OSY236S7MBKO83 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 4320658 | 2011–2023 |
| Respondent ID (the HMDA filer code before 2018) | 7631052225 |
Established 21 August 1991. Reported under HMDA 2010-2025.
Mergers, name changes, data editions and corrections: CIS Financial Services's data.
CIS Financial Services's data
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