Sofi Bank in Mississippi vs the state
14.2%Denial rate-8.69 pts vs state
31.8%Decision denial rate+3.33 pts vs state
30.1%Origination rate-22.74 pts vs state
7.47%Median rate+0.71 pts vs state
1.58Rate spread (pts)+1.25 pts vs state
$96kMedian applicant income
72Loans originated
34Denied
Trend in Mississippi
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 22 | 10 | 22.7% | 7.19% | #215 |
| 2024 | 59 | 18 | 17.0% | 6.99% | #147 |
| 2025 | 239 | 72 | 14.2% | 7.47% | #76 |
What Sofi Bank lends in Mississippi
By loan purpose
By loan type
Why it denied Mississippi applicants
Where in Mississippi
Counties with the most Sofi Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Madison County | 22 | 7 | 3 | 13.6% |
| DeSoto County | 22 | 9 | 1 | 4.5% |
| Rankin County | 16 | 8 | 1 | 6.3% |
| Jackson County | 13 | 6 | 1 | 7.7% |
| Lamar County | 12 | 5 | 1 | 8.3% |
| Harrison County | 12 | 2 | 2 | 16.7% |
| Hinds County | 12 | 2 | 3 | 25.0% |
| Lauderdale County | 8 | 1 | 2 | 25.0% |
| Pearl River County | 8 | 0 | 3 | 37.5% |
| Forrest County | 7 | 1 | 0 | 0.0% |
Other large lenders in Mississippi
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| 21st Mortgage | F | 6,764 | 48.5% | 10.56% |
| Trustmark National Bank | C | 5,531 | 12.5% | 6.75% |
| Cadence Bank | B | 5,301 | 19.2% | 7.25% |
| Regions Bank | C | 4,916 | 44.7% | 5.75% |
| Rocket Mortgage | C | 4,636 | 24.8% | 6.63% |
| Community Bank of Mississippi | C | 3,856 | 9.0% | 7.65% |
| Renasant Bank | B | 3,188 | 14.3% | 6.99% |
| Triad Financial Services | D | 3,140 | 34.4% | 8.76% |
| Vanderbilt Mortgage and Finance | F | 2,840 | 44.3% | 10.25% |
| BankPlus | B | 2,638 | 10.7% | 6.50% |
Frequently asked questions
Mississippi: 239 applications in 2025, of which 72 were originated and 34 denied.
14.2% of all applications, or 31.8% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.
The median rate on loans Sofi Bank originated in Mississippi in 2025 was 7.47%, against a statewide median of 6.75%.
About this data. Figures are Sofi 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