The Federal Savings Bank · Mississippi · 2025

The Federal Savings Bank in Mississippi: approval rate, denial rate and rates (2025)

The Federal Savings Bank took 214 mortgage applications in Mississippi in 2025, ranking #85 of 681 lenders active in the state. It originated 26.2% of them and denied 10.8% (28.1% of the applications it decided), against a statewide denial rate of 22.9%.

214Applicationsin MS
28.1%Decision denial ratestate 28.5%
6.63%Median ratestate 6.75%
$255,000Median loanstate $135,000
$17MVolume53 counties

The Federal Savings Bank in Mississippi vs the state

10.8%Denial rate-12.17 pts vs state
28.1%Decision denial rate-0.40 pts vs state
26.2%Origination rate-26.70 pts vs state
6.63%Median rate-0.13 pts vs state
0.36Rate spread (pts)+0.03 pts vs state
$80kMedian applicant income
56Loans originated
23Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
20231966215.3%6.44%#82
20241594611.3%6.25%#94
20252145610.8%6.63%#85

What The Federal Savings Bank lends in Mississippi

By loan purpose

Home purchase 15 7% · 0.0% denied
Refinance 31 14% · 19.4% denied
Cash-out refinance 153 71% · 10.5% denied
Home improvement 5 2% · 20.0% denied
Other / HELOC 10 5% · 0.0% denied

By loan type

Conventional 17 8% · 0.0% denied
FHA 41 19% · 17.1% denied
VA 156 73% · 10.3% denied

Why it denied Mississippi applicants

Incomplete application 7 30%
Debt-to-income ratio 6 26%
Collateral 3 13%
Other 3 13%
Credit history 3 13%
Employment history 1 4%

Where in Mississippi

Counties with the most The Federal Savings Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
DeSoto County 3693 8.3%
Harrison County 27142 7.4%
Jackson County 1732 11.8%
Rankin County 1621 6.3%
Madison County 1141 9.1%
Pearl River County 800 0.0%
Lee County 620 0.0%
Lafayette County 620 0.0%
Hinds County 501 20.0%
Tate County 522 40.0%

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: 214 applications in 2025, of which 56 were originated and 23 denied.

10.8% of all applications, or 28.1% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

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

About this data. Figures are The Federal Savings 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