USAA Federal Savings Bank · Mississippi · 2025

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

USAA Federal Savings Bank took 316 mortgage applications in Mississippi in 2025, ranking #65 of 681 lenders active in the state. It originated 43.4% of them and denied 31.7% (42.2% of the applications it decided), against a statewide denial rate of 22.9%.

316Applicationsin MS
42.2%Decision denial ratestate 28.5%
6.38%Median ratestate 6.75%
$255,000Median loanstate $135,000
$40MVolume54 counties

USAA Federal Savings Bank in Mississippi vs the state

31.7%Denial rate+8.73 pts vs state
42.2%Decision denial rate+13.74 pts vs state
43.4%Origination rate-9.52 pts vs state
6.38%Median rate-0.38 pts vs state
-0.17Rate spread (pts)-0.50 pts vs state
$110kMedian applicant income
137Loans originated
100Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
202334215722.5%6.38%#55
202432615027.9%6.50%#58
202531613731.7%6.38%#65

What USAA Federal Savings Bank lends in Mississippi

By loan purpose

Home purchase 261 83% · 29.1% denied
Refinance 13 4% · 53.9% denied
Cash-out refinance 29 9% · 37.9% denied
Home improvement 7 2% · 42.9% denied
Other / HELOC 6 2% · 50.0% denied

By loan type

Conventional 103 33% · 37.9% denied
VA 213 67% · 28.6% denied

Why it denied Mississippi applicants

Incomplete application 38 38%
Debt-to-income ratio 27 27%
Other 11 11%
Credit history 8 8%
Collateral 7 7%
Insufficient cash 5 5%
Unverifiable information 4 4%

Where in Mississippi

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

CountyApplicationsOriginatedDeniedDenial rate
Harrison County 451716 35.6%
DeSoto County 371910 27.0%
Jackson County 26117 26.9%
Rankin County 1795 29.4%
Madison County 1675 31.3%
Lowndes County 1463 21.4%
Hinds County 1444 28.6%
Pearl River County 1164 36.4%
Lamar County 1051 10.0%
Lee County 941 11.1%

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: 316 applications in 2025, of which 137 were originated and 100 denied.

31.7% of all applications, or 42.2% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

The median rate on loans USAA Federal Savings Bank originated in Mississippi in 2025 was 6.38%, against a statewide median of 6.75%.

About this data. Figures are USAA 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