Bank of America · Mississippi · 2025

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

Bank of America took 377 mortgage applications in Mississippi in 2025, ranking #52 of 681 lenders active in the state. It originated 26.0% of them and denied 48.3% (64.5% of the applications it decided), against a statewide denial rate of 22.9%.

377Applicationsin MS
64.5%Decision denial ratestate 28.5%
6.24%Median ratestate 6.75%
$75,000Median loanstate $135,000
$19MVolume56 counties

Bank of America in Mississippi vs the state

48.3%Denial rate+25.36 pts vs state
64.5%Decision denial rate+36.09 pts vs state
26.0%Origination rate-26.88 pts vs state
6.24%Median rate-0.51 pts vs state
0.28Rate spread (pts)-0.05 pts vs state
$102kMedian applicant income
98Loans originated
182Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
202351313359.8%7.49%#41
202440510055.3%7.00%#45
20253779848.3%6.24%#52

What Bank of America lends in Mississippi

By loan purpose

Home purchase 80 21% · 22.5% denied
Refinance 33 9% · 51.5% denied
Cash-out refinance 8 2% · 37.5% denied
Home improvement 178 47% · 55.1% denied
Other / HELOC 78 21% · 59.0% denied

By loan type

Conventional 372 99% · 48.9% denied
FHA 3 1% · 0.0% denied
VA 2 1% · 0.0% denied

Why it denied Mississippi applicants

Credit history 130 71%
Debt-to-income ratio 26 14%
Collateral 18 10%
Other 6 3%
Unverifiable information 2 1%

Where in Mississippi

Counties with the most Bank of America applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
DeSoto County 892340 44.9%
Harrison County 36716 44.4%
Madison County 291211 37.9%
Hinds County 291012 41.4%
Lafayette County 22125 22.7%
Rankin County 2098 40.0%
Jackson County 1827 38.9%
Lee County 1236 50.0%
Lowndes County 1016 60.0%
Hancock County 1043 30.0%

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: 377 applications in 2025, of which 98 were originated and 182 denied.

48.3% of all applications, or 64.5% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans Bank of America originated in Mississippi in 2025 was 6.24%, against a statewide median of 6.75%.

About this data. Figures are Bank of America'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