Better Mortgage · Mississippi · 2025

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

Better Mortgage took 193 mortgage applications in Mississippi in 2025, ranking #90 of 681 lenders active in the state. It originated 23.3% of them and denied 27.5% (54.1% of the applications it decided), against a statewide denial rate of 22.9%.

193Applicationsin MS
54.1%Decision denial ratestate 28.5%
7.00%Median ratestate 6.75%
$125,000Median loanstate $135,000
$9.2MVolume35 counties

Better Mortgage in Mississippi vs the state

27.5%Denial rate+4.54 pts vs state
54.1%Decision denial rate+25.63 pts vs state
23.3%Origination rate-29.55 pts vs state
7.00%Median rate+0.25 pts vs state
0.74Rate spread (pts)+0.40 pts vs state
$120kMedian applicant income
45Loans originated
53Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023652813.9%6.38%#140
2024812316.1%7.00%#128
20251934527.5%7.00%#90

What Better Mortgage lends in Mississippi

By loan purpose

Home purchase 56 29% · 16.1% denied
Refinance 13 7% · 23.1% denied
Cash-out refinance 17 9% · 35.3% denied
Home improvement 14 7% · 14.3% denied
Other / HELOC 93 48% · 35.5% denied

By loan type

Conventional 162 84% · 29.0% denied
FHA 30 16% · 20.0% denied
VA 1 1% · 0.0% denied

Why it denied Mississippi applicants

Credit history 17 32%
Debt-to-income ratio 15 28%
Incomplete application 9 17%
Collateral 5 9%
Unverifiable information 3 6%
Other 2 4%
Insufficient cash 1 2%
Employment history 1 2%

Where in Mississippi

Counties with the most Better Mortgage applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
DeSoto County 2554 16.0%
Harrison County 2258 36.4%
Rankin County 1926 31.6%
Jackson County 1705 29.4%
Lafayette County 1572 13.3%
Hinds County 1444 28.6%
Madison County 1345 38.5%
Oktibbeha County 640 0.0%
Lee County 601 16.7%
Hancock County 602 33.3%

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: 193 applications in 2025, of which 45 were originated and 53 denied.

27.5% of all applications, or 54.1% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

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

About this data. Figures are Better Mortgage'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