BankPlus · Mississippi · 2025

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

BankPlus took 2,638 mortgage applications in Mississippi in 2025, ranking #10 of 681 lenders active in the state. It originated 74.8% of them and denied 10.7% (12.2% of the applications it decided), against a statewide denial rate of 22.9%.

2.6kApplicationsin MS
12.2%Decision denial ratestate 28.5%
6.50%Median ratestate 6.75%
$155,000Median loanstate $135,000
$452MVolume70 counties

BankPlus in Mississippi vs the state

10.7%Denial rate-12.23 pts vs state
12.2%Decision denial rate-16.24 pts vs state
74.8%Origination rate+21.92 pts vs state
6.50%Median rate-0.25 pts vs state
0.05Rate spread (pts)-0.28 pts vs state
$118kMedian applicant income
1,973Loans originated
282Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
20232,4191,76511.7%7.50%#8
20242,5211,92110.9%7.13%#8
20252,6381,97310.7%6.50%#10

What BankPlus lends in Mississippi

By loan purpose

Home purchase 1,276 48% · 7.7% denied
Refinance 743 28% · 7.1% denied
Cash-out refinance 30 1% · 23.3% denied
Home improvement 397 15% · 20.9% denied
Other / HELOC 192 7% · 21.4% denied

By loan type

Conventional 2,477 94% · 10.8% denied
FHA 128 5% · 10.2% denied
VA 26 1% · 7.7% denied
USDA / RHS 7 0% · 0.0% denied

Why it denied Mississippi applicants

Debt-to-income ratio 174 62%
Credit history 82 29%
Collateral 13 5%
Other 8 3%
Insufficient cash 4 1%
Incomplete application 1 0%

Where in Mississippi

Counties with the most BankPlus applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Madison County 41432028 6.8%
Hinds County 37226453 14.2%
Rankin County 25320119 7.5%
Lafayette County 23720112 5.1%
Lee County 20615618 8.7%
DeSoto County 13110712 9.2%
Pearl River County 1238317 13.8%
Yazoo County 926017 18.5%
Grenada County 623911 17.7%
Lauderdale County 55427 12.7%

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%
Mortgage Research CenterC 2,62819.1%6.38%

Frequently asked questions

Mississippi: 2,638 applications in 2025, of which 1,973 were originated and 282 denied.

10.7% of all applications, or 12.2% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans BankPlus originated in Mississippi in 2025 was 6.50%, against a statewide median of 6.75%.

About this data. Figures are BankPlus'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