Independent Bank · Mississippi · 2025

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

Independent Bank took 25 mortgage applications in Mississippi in 2025, ranking #229 of 681 lenders active in the state. It originated 60.0% of them and denied 16.0% (20.0% of the applications it decided), against a statewide denial rate of 22.9%.

25Applicationsin MS
20.0%Decision denial ratestate 28.5%
Median ratestate 6.75%
$295,000Median loanstate $135,000
$4.6MVolume8 counties

Independent Bank in Mississippi vs the state

16.0%Denial rate-6.92 pts vs state
20.0%Decision denial rate-8.45 pts vs state
60.0%Origination rate+7.13 pts vs state
Median rate
Rate spread (pts)
$128kMedian applicant income
15Loans originated
4Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
202329246.9%6.63%#195
2024251912.0%6.99%#217
2025251516.0%#229

What Independent Bank lends in Mississippi

By loan purpose

Home purchase 20 80% · 20.0% denied
Refinance 4 16% · 0.0% denied
Cash-out refinance 1 4% · 0.0% denied

By loan type

Conventional 18 72% · 11.1% denied
FHA 7 28% · 28.6% denied

Where in Mississippi

Counties with the most Independent Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
DeSoto County 1794 23.5%
Tate County 200 0.0%
Tishomingo County 110 0.0%
Benton County 110 0.0%
Lafayette County 110 0.0%
Union County 110 0.0%
Madison County 110 0.0%
Panola County 110 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: 25 applications in 2025, of which 15 were originated and 4 denied.

16.0% of all applications, or 20.0% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

This lender did not report interest rates on its originated loans (some institutions are exempt from HMDA pricing fields).

About this data. Figures are Independent 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