BankFirst Financial Services · Mississippi · 2025

BankFirst Financial Services in Mississippi: approval rate, denial rate and rates (2025)

BankFirst Financial Services took 1,044 mortgage applications in Mississippi in 2025, ranking #25 of 681 lenders active in the state. It originated 83.2% of them and denied 7.4% (8.0% of the applications it decided), against a statewide denial rate of 22.9%.

1.0kApplicationsin MS
8.0%Decision denial ratestate 28.5%
7.00%Median ratestate 6.75%
$125,000Median loanstate $135,000
$165MVolume50 counties

BankFirst Financial Services in Mississippi vs the state

7.4%Denial rate-15.54 pts vs state
8.0%Decision denial rate-20.45 pts vs state
83.2%Origination rate+30.37 pts vs state
7.00%Median rate+0.25 pts vs state
0.23Rate spread (pts)-0.10 pts vs state
$99kMedian applicant income
869Loans originated
77Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
20237906338.4%7.13%#24
20241,0518517.9%7.99%#21
20251,0448697.4%7.00%#25

What BankFirst Financial Services lends in Mississippi

By loan purpose

Home purchase 412 39% · 5.6% denied
Refinance 404 39% · 3.5% denied
Cash-out refinance 24 2% · 16.7% denied
Home improvement 143 14% · 17.5% denied
Other / HELOC 61 6% · 18.0% denied

By loan type

Conventional 974 93% · 7.4% denied
FHA 57 5% · 8.8% denied
VA 9 1% · 0.0% denied
USDA / RHS 4 0% · 0.0% denied

Why it denied Mississippi applicants

Credit history 35 45%
Debt-to-income ratio 22 29%
Other 10 13%
Collateral 5 6%
Employment history 2 3%
Incomplete application 1 1%
Unverifiable information 1 1%
Insufficient cash 1 1%

Where in Mississippi

Counties with the most BankFirst Financial Services applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Lowndes County 1179512 10.3%
Lafayette County 107973 2.8%
Yalobusha County 104915 4.8%
Oktibbeha County 95735 5.3%
Tate County 815915 18.5%
DeSoto County 63564 6.3%
Madison County 57552 3.5%
Forrest County 43352 4.7%
Lamar County 43420 0.0%
Lee County 41363 7.3%

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: 1,044 applications in 2025, of which 869 were originated and 77 denied.

7.4% of all applications, or 8.0% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans BankFirst Financial Services originated in Mississippi in 2025 was 7.00%, against a statewide median of 6.75%.

About this data. Figures are BankFirst Financial Services'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