Wells Fargo Bank · Mississippi · 2025

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

Wells Fargo Bank took 312 mortgage applications in Mississippi in 2025, ranking #66 of 681 lenders active in the state. It originated 45.5% of them and denied 24.4% (34.9% of the applications it decided), against a statewide denial rate of 22.9%.

312Applicationsin MS
34.9%Decision denial ratestate 28.5%
6.44%Median ratestate 6.75%
$145,000Median loanstate $135,000
$26MVolume56 counties

Wells Fargo Bank in Mississippi vs the state

24.4%Denial rate+1.44 pts vs state
34.9%Decision denial rate+6.41 pts vs state
45.5%Origination rate-7.36 pts vs state
6.44%Median rate-0.31 pts vs state
0.37Rate spread (pts)+0.03 pts vs state
$83kMedian applicant income
142Loans originated
76Denied

Trend in Mississippi

YearApplicationsOriginatedDenial rateMedian rateRank in state
202358320435.9%6.25%#36
202436215428.7%6.50%#53
202531214224.4%6.44%#66

What Wells Fargo Bank lends in Mississippi

By loan purpose

Home purchase 158 51% · 24.7% denied
Refinance 15 5% · 26.7% denied
Cash-out refinance 100 32% · 20.0% denied
Home improvement 15 5% · 33.3% denied
Other / HELOC 24 8% · 33.3% denied

By loan type

Conventional 245 79% · 21.6% denied
FHA 59 19% · 35.6% denied
VA 8 3% · 25.0% denied

Why it denied Mississippi applicants

Debt-to-income ratio 35 46%
Collateral 16 21%
Credit history 12 16%
Other 11 14%
Insufficient cash 2 3%

Where in Mississippi

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Harrison County 39159 23.1%
Hinds County 32159 28.1%
Jackson County 321214 43.8%
DeSoto County 2599 36.0%
Rankin County 22131 4.5%
Madison County 1465 35.7%
Lafayette County 1261 8.3%
Forrest County 1153 27.3%
Lamar County 11101 9.1%
Lowndes County 1060 0.0%

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: 312 applications in 2025, of which 142 were originated and 76 denied.

24.4% of all applications, or 34.9% of the applications it actually decided on. The Mississippi statewide average across all lenders was 22.9%.

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

About this data. Figures are Wells Fargo 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