First Horizon Bank · Mississippi · 2025

First Horizon Bank in Mississippi: approval rate, denial rate and rates (2025)

First Horizon Bank took 239 mortgage applications in Mississippi in 2025, ranking #77 of 681 lenders active in the state. It originated 69.9% of them and denied 18.8% (20.5% of the applications it decided), against a statewide denial rate of 22.9%.

239Applicationsin MS
20.5%Decision denial ratestate 28.5%
6.75%Median ratestate 6.75%
$225,000Median loanstate $135,000
$46MVolume23 counties

First Horizon Bank in Mississippi vs the state

18.8%Denial rate-4.09 pts vs state
20.5%Decision denial rate-8.00 pts vs state
69.9%Origination rate+17.00 pts vs state
6.75%Median rate0.00 pts vs state
0.12Rate spread (pts)-0.21 pts vs state
$110kMedian applicant income
167Loans originated
45Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
202330518823.9%6.13%#57
202426316321.3%7.00%#70
202523916718.8%6.75%#77

What First Horizon Bank lends in Mississippi

By loan purpose

Home purchase 124 52% · 4.8% denied
Refinance 28 12% · 17.9% denied
Cash-out refinance 4 2% · 25.0% denied
Home improvement 65 27% · 41.5% denied
Other / HELOC 18 8% · 33.3% denied

By loan type

Conventional 215 90% · 20.5% denied
FHA 12 5% · 8.3% denied
VA 8 3% · 0.0% denied
USDA / RHS 4 2% · 0.0% denied

Why it denied Mississippi applicants

Debt-to-income ratio 24 53%
Credit history 16 36%
Unverifiable information 2 4%
Collateral 2 4%
Insufficient cash 1 2%

Where in Mississippi

Counties with the most First Horizon Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
DeSoto County 965827 28.1%
Madison County 25212 8.0%
Hinds County 22163 13.6%
Rankin County 19161 5.3%
Tate County 1659 56.3%
Lafayette County 16140 0.0%
Harrison County 980 0.0%
Hancock County 861 12.5%
Panola County 660 0.0%
Marshall County 430 0.0%

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: 239 applications in 2025, of which 167 were originated and 45 denied.

18.8% of all applications, or 20.5% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

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

About this data. Figures are First Horizon Bank'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