Planet Home Lending · Mississippi · 2025

Planet Home Lending in Mississippi: approval rate, denial rate and rates (2025)

Planet Home Lending took 362 mortgage applications in Mississippi in 2025, ranking #57 of 681 lenders active in the state. It originated 79.6% of them and denied 13.0% (14.0% of the applications it decided), against a statewide denial rate of 22.9%.

362Applicationsin MS
14.0%Decision denial ratestate 28.5%
6.25%Median ratestate 6.75%
$225,000Median loanstate $135,000
$66MVolume40 counties

Planet Home Lending in Mississippi vs the state

13.0%Denial rate-9.94 pts vs state
14.0%Decision denial rate-14.46 pts vs state
79.6%Origination rate+26.69 pts vs state
6.25%Median rate-0.50 pts vs state
0.20Rate spread (pts)-0.13 pts vs state
$85kMedian applicant income
288Loans originated
47Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
202330423719.4%6.72%#58
202434227816.4%6.38%#55
202536228813.0%6.25%#57

What Planet Home Lending lends in Mississippi

By loan purpose

Home purchase 232 64% · 11.6% denied
Refinance 101 28% · 12.9% denied
Cash-out refinance 17 5% · 23.5% denied
Home improvement 6 2% · 33.3% denied
Other / HELOC 6 2% · 16.7% denied

By loan type

Conventional 64 18% · 10.9% denied
FHA 189 52% · 16.9% denied
VA 82 23% · 9.8% denied
USDA / RHS 27 7% · 0.0% denied

Why it denied Mississippi applicants

Incomplete application 28 60%
Credit history 6 13%
Collateral 4 9%
Other 4 9%
Debt-to-income ratio 3 6%
Unverifiable information 1 2%
Insufficient cash 1 2%

Where in Mississippi

Counties with the most Planet Home Lending applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Pearl River County 1291158 6.2%
Rankin County 62519 14.5%
DeSoto County 27204 14.8%
Hinds County 27186 22.2%
Hancock County 17142 11.8%
Harrison County 13111 7.7%
Madison County 1282 16.7%
Jackson County 861 12.5%
Warren County 633 50.0%
Forrest County 633 50.0%

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: 362 applications in 2025, of which 288 were originated and 47 denied.

13.0% of all applications, or 14.0% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans Planet Home Lending originated in Mississippi in 2025 was 6.25%, against a statewide median of 6.75%.

About this data. Figures are Planet Home Lending'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