GMFS · Mississippi · 2025

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

GMFS took 396 mortgage applications in Mississippi in 2025, ranking #49 of 681 lenders active in the state. It originated 54.0% of them and denied 2.5% (3.7% of the applications it decided), against a statewide denial rate of 22.9%.

396Applicationsin MS
3.7%Decision denial ratestate 28.5%
6.63%Median ratestate 6.75%
$245,000Median loanstate $135,000
$55MVolume52 counties

GMFS in Mississippi vs the state

2.5%Denial rate-20.39 pts vs state
3.7%Decision denial rate-24.73 pts vs state
54.0%Origination rate+1.17 pts vs state
6.63%Median rate-0.13 pts vs state
0.30Rate spread (pts)-0.03 pts vs state
$108kMedian applicant income
214Loans originated
10Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
20235933479.1%6.75%#35
20245703604.6%6.63%#38
20253962142.5%6.63%#49

What GMFS lends in Mississippi

By loan purpose

Home purchase 213 54% · 3.8% denied
Refinance 136 34% · 1.5% denied
Cash-out refinance 24 6% · 0.0% denied
Home improvement 23 6% · 0.0% denied

By loan type

Conventional 255 64% · 1.2% denied
FHA 88 22% · 4.6% denied
VA 21 5% · 4.8% denied
USDA / RHS 32 8% · 6.3% denied

Why it denied Mississippi applicants

Collateral 3 30%
Credit history 2 20%
Employment history 2 20%
Debt-to-income ratio 2 20%
Unverifiable information 1 10%

Where in Mississippi

Counties with the most GMFS applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pearl River County 80310 0.0%
Harrison County 41181 2.4%
Hancock County 30190 0.0%
Lafayette County 23190 0.0%
Jackson County 17120 0.0%
Lamar County 16110 0.0%
Marion County 15101 6.7%
Forrest County 1490 0.0%
Lincoln County 1321 7.7%
Pike County 1190 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: 396 applications in 2025, of which 214 were originated and 10 denied.

2.5% of all applications, or 3.7% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans GMFS originated in Mississippi in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are GMFS'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