Bank Independent · Mississippi · 2025

Bank Independent in Mississippi: approval rate, denial rate and rates (2025)

Bank Independent took 9 mortgage applications in Mississippi in 2025, ranking #291 of 681 lenders active in the state. It originated 66.7% of them and denied 11.1% (14.3% of the applications it decided), against a statewide denial rate of 22.9%.

9Applicationsin MS
14.3%Decision denial ratestate 28.5%
7.00%Median ratestate 6.75%
$165,000Median loanstate $135,000
$1.6MVolume8 counties

Bank Independent in Mississippi vs the state

11.1%Denial rate-11.81 pts vs state
14.3%Decision denial rate-14.16 pts vs state
66.7%Origination rate+13.80 pts vs state
7.00%Median rate+0.25 pts vs state
0.47Rate spread (pts)+0.14 pts vs state
$70kMedian applicant income
6Loans originated
1Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023760.0%8.24%#312
20259611.1%7.00%#291

What Bank Independent lends in Mississippi

By loan purpose

Home purchase 4 44% · 25.0% denied
Refinance 5 56% · 0.0% denied

By loan type

Conventional 9 100% · 11.1% denied

Why it denied Mississippi applicants

Collateral 1 100%

Where in Mississippi

Counties with the most Bank Independent applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Itawamba County 220 0.0%
Lowndes County 110 0.0%
Wayne County 110 0.0%
Calhoun County 100 0.0%
Tishomingo County 110 0.0%
Tate County 110 0.0%
Hancock County 100 0.0%
Oktibbeha County 101 100.0%

Other large lenders in Mississippi

LenderGradeApplicationsDenial rateMedian rate
21st MortgageF 6,76448.5%10.56%
Trustmark National BankC 5,53112.5%6.75%
Cadence BankB 5,30119.2%7.25%
Regions BankC 4,91644.7%5.75%
Rocket MortgageC 4,63624.8%6.63%
Community Bank of MississippiC 3,8569.0%7.65%
Renasant BankB 3,18814.3%6.99%
Triad Financial ServicesD 3,14034.4%8.76%
Vanderbilt Mortgage and FinanceF 2,84044.3%10.25%
BankPlusB 2,63810.7%6.50%

Frequently asked questions

Mississippi: 9 applications in 2025, of which 6 were originated and 1 denied.

11.1% of all applications, or 14.3% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans Bank Independent originated in Mississippi in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are Bank Independent's own HMDA filing for properties located in Mississippi, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology