Simmons Bank · Mississippi · 2025

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

Simmons Bank took 27 mortgage applications in Mississippi in 2025, ranking #218 of 681 lenders active in the state. It originated 66.7% of them and denied 22.2% (24.0% of the applications it decided), against a statewide denial rate of 22.9%.

27Applicationsin MS
24.0%Decision denial ratestate 28.5%
6.44%Median ratestate 6.75%
$165,000Median loanstate $135,000
$3.2MVolume13 counties

Simmons Bank in Mississippi vs the state

22.2%Denial rate-0.70 pts vs state
24.0%Decision denial rate-4.45 pts vs state
66.7%Origination rate+13.80 pts vs state
6.44%Median rate-0.31 pts vs state
0.05Rate spread (pts)-0.28 pts vs state
$87kMedian applicant income
18Loans originated
6Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
2023362522.2%6.88%#175
2024312212.9%7.50%#199
2025271822.2%6.44%#218

What Simmons Bank lends in Mississippi

By loan purpose

Home purchase 12 44% · 0.0% denied
Refinance 4 15% · 50.0% denied
Cash-out refinance 2 7% · 50.0% denied
Home improvement 9 33% · 33.3% denied

By loan type

Conventional 25 93% · 24.0% denied
FHA 2 7% · 0.0% denied

Why it denied Mississippi applicants

Debt-to-income ratio 3 50%
Credit history 2 33%
Other 1 17%

Where in Mississippi

Counties with the most Simmons Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
DeSoto County 1494 28.6%
Tippah County 201 50.0%
Lee County 110 0.0%
Alcorn County 110 0.0%
Washington County 110 0.0%
Madison County 100 0.0%
Union County 110 0.0%
Yalobusha County 110 0.0%
Lafayette County 110 0.0%
Marshall County 101 100.0%

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: 27 applications in 2025, of which 18 were originated and 6 denied.

22.2% of all applications, or 24.0% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans Simmons Bank originated in Mississippi in 2025 was 6.44%, against a statewide median of 6.75%.

About this data. Figures are Simmons 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