FirstBank · Mississippi · 2025

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

FirstBank took 1,217 mortgage applications in Mississippi in 2025, ranking #20 of 681 lenders active in the state. It originated 20.4% of them and denied 53.2% (53.3% of the applications it decided), against a statewide denial rate of 22.9%.

1.2kApplicationsin MS
53.3%Decision denial ratestate 28.5%
9.49%Median ratestate 6.75%
$85,000Median loanstate $135,000
$23MVolume82 counties

FirstBank in Mississippi vs the state

53.2%Denial rate+30.24 pts vs state
53.3%Decision denial rate+24.84 pts vs state
20.4%Origination rate-32.49 pts vs state
9.49%Median rate+2.74 pts vs state
3.37Rate spread (pts)+3.04 pts vs state
$50kMedian applicant income
248Loans originated
647Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,32118257.2%9.00%#16
20241,38118158.9%9.99%#15
20251,21724853.2%9.49%#20

What FirstBank lends in Mississippi

By loan purpose

Home purchase 1,207 99% · 53.2% denied
Refinance 4 0% · 50.0% denied
Cash-out refinance 3 0% · 66.7% denied
Home improvement 1 0% · 0.0% denied
Other / HELOC 2 0% · 50.0% denied

By loan type

Conventional 1,212 100% · 53.4% denied
FHA 4 0% · 0.0% denied
VA 1 0% · 0.0% denied

Why it denied Mississippi applicants

Credit history 462 71%
Debt-to-income ratio 132 20%
Other 33 5%
Unverifiable information 13 2%
Employment history 4 1%
Collateral 3 0%

Where in Mississippi

Counties with the most FirstBank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Rankin County 984027 27.6%
Oktibbeha County 421221 50.0%
Panola County 411221 51.2%
Lincoln County 38817 44.7%
Monroe County 37622 59.5%
Marion County 36031 86.1%
Wayne County 35224 68.6%
Chickasaw County 341213 38.2%
Hinds County 30220 66.7%
Walthall County 28318 64.3%

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: 1,217 applications in 2025, of which 248 were originated and 647 denied.

53.2% of all applications, or 53.3% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans FirstBank originated in Mississippi in 2025 was 9.49%, against a statewide median of 6.75%.

About this data. Figures are FirstBank'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