Figure Lending · Mississippi · 2025

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

Figure Lending took 469 mortgage applications in Mississippi in 2025, ranking #41 of 681 lenders active in the state. It originated 40.9% of them and denied 35.2% (36.4% of the applications it decided), against a statewide denial rate of 22.9%.

469Applicationsin MS
36.4%Decision denial ratestate 28.5%
8.76%Median ratestate 6.75%
$55,000Median loanstate $135,000
$11MVolume63 counties

Figure Lending in Mississippi vs the state

35.2%Denial rate+12.26 pts vs state
36.4%Decision denial rate+7.97 pts vs state
40.9%Origination rate-11.93 pts vs state
8.76%Median rate+2.01 pts vs state
2.58Rate spread (pts)+2.24 pts vs state
$95kMedian applicant income
192Loans originated
165Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
202334214837.1%11.00%#54
202436916330.4%11.10%#52
202546919235.2%8.76%#41

What Figure Lending lends in Mississippi

By loan purpose

Home improvement 163 35% · 38.7% denied
Other / HELOC 306 65% · 33.3% denied

By loan type

Conventional 469 100% · 35.2% denied

Why it denied Mississippi applicants

Incomplete application 49 30%
Debt-to-income ratio 40 24%
Other 39 24%
Credit history 21 13%
Collateral 16 10%

Where in Mississippi

Counties with the most Figure Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
DeSoto County 663519 28.8%
Harrison County 412211 26.8%
Rankin County 35206 17.1%
Jackson County 31127 22.6%
Madison County 30914 46.7%
Hinds County 291115 51.7%
Lee County 27810 37.0%
Hancock County 1565 33.3%
Lowndes County 1474 28.6%
Lamar County 1254 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: 469 applications in 2025, of which 192 were originated and 165 denied.

35.2% of all applications, or 36.4% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans Figure Lending originated in Mississippi in 2025 was 8.76%, against a statewide median of 6.75%.

About this data. Figures are Figure Lending'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