Navy Federal Credit Union · Mississippi · 2025

Navy Federal Credit Union in Mississippi: approval rate, denial rate and rates (2025)

Navy Federal Credit Union took 1,519 mortgage applications in Mississippi in 2025, ranking #16 of 681 lenders active in the state. It originated 41.7% of them and denied 23.8% (35.7% of the applications it decided), against a statewide denial rate of 22.9%.

1.5kApplicationsin MS
35.7%Decision denial ratestate 28.5%
6.63%Median ratestate 6.75%
$145,000Median loanstate $135,000
$125MVolume75 counties

Navy Federal Credit Union in Mississippi vs the state

23.8%Denial rate+0.85 pts vs state
35.7%Decision denial rate+7.29 pts vs state
41.7%Origination rate-11.20 pts vs state
6.63%Median rate-0.13 pts vs state
0.16Rate spread (pts)-0.17 pts vs state
$98kMedian applicant income
633Loans originated
361Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231,54554834.1%6.88%#13
20241,63965527.8%7.13%#13
20251,51963323.8%6.63%#16

What Navy Federal Credit Union lends in Mississippi

By loan purpose

Home purchase 604 40% · 12.1% denied
Refinance 101 7% · 19.8% denied
Cash-out refinance 176 12% · 24.4% denied
Home improvement 312 21% · 31.7% denied
Other / HELOC 326 21% · 38.7% denied

By loan type

Conventional 1,091 72% · 28.3% denied
VA 428 28% · 12.2% denied

Why it denied Mississippi applicants

Debt-to-income ratio 122 34%
Credit history 102 28%
Other 69 19%
Collateral 41 11%
Unverifiable information 12 3%
Incomplete application 11 3%
Insufficient cash 2 1%
Employment history 2 1%

Where in Mississippi

Counties with the most Navy Federal Credit Union applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Harrison County 32316471 22.0%
DeSoto County 2207558 26.4%
Jackson County 1607338 23.8%
Hinds County 802320 25.0%
Lauderdale County 623511 17.7%
Hancock County 58329 15.5%
Rankin County 53289 17.0%
Pearl River County 37216 16.2%
Madison County 34144 11.8%
Lowndes County 32136 18.8%

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: 1,519 applications in 2025, of which 633 were originated and 361 denied.

23.8% of all applications, or 35.7% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans Navy Federal Credit Union originated in Mississippi in 2025 was 6.63%, against a statewide median of 6.75%.

About this data. Figures are Navy Federal Credit Union'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