Largest lenders in Covington County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | 21st Mortgage | F | 137 | 28 | 46.7% | 10.88% |
| 2 | Vanderbilt Mortgage and Finance | F | 65 | 8 | 44.6% | 10.00% |
| 3 | Triad Financial Services | D | 64 | 23 | 39.1% | 8.95% |
| 4 | PriorityOne Bank | B | 52 | 43 | 5.8% | 7.50% |
| 5 | Regions Bank | C | 47 | 12 | 57.5% | 4.99% |
| 6 | Peoples Bank | D | 37 | 29 | 5.4% | — |
| 7 | Rocket Mortgage | C | 26 | 15 | 38.5% | 6.63% |
| 8 | Trustmark National Bank | C | 22 | 15 | 22.7% | 7.13% |
| 9 | Community Bank of Mississippi | C | 20 | 15 | 20.0% | 8.25% |
| 10 | FirstBank | C | 17 | 1 | 76.5% | 11.09% |
| 11 | Citizens Bank | A | 15 | 15 | 0.0% | — |
| 12 | Broker Solutions | D | 14 | 7 | 0.0% | 6.63% |
| 13 | Credit Human Federal Credit Union | D | 10 | 0 | 100.0% | — |
| 14 | Cadence Bank | B | 8 | 4 | 37.5% | 6.75% |
| 15 | AmeriSave Mortgage | D | 8 | 0 | 100.0% | — |
| 16 | Keesler | D | 8 | 3 | 37.5% | 7.50% |
| 17 | Mortgage Research Center | C | 8 | 2 | 37.5% | 6.25% |
| 18 | Newrez | D | 6 | 2 | 33.3% | 7.38% |
| 19 | Pennymac Loan Services | C | 5 | 3 | 0.0% | 6.13% |
| 20 | Loandepot.Com | D | 5 | 2 | 60.0% | 7.06% |
| 21 | Renasant Bank | B | 5 | 4 | 0.0% | 7.32% |
| 22 | Southwest Stage Funding | F | 5 | 1 | 0.0% | 6.25% |
Best approval odds in Covington County
Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.
| # | Lender | Decided | Decision denial rate |
|---|---|---|---|
| 1 | Triad Financial Services | 64 | 39.1% |
| 2 | 21st Mortgage | 95 | 67.4% |
What Covington County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Covington County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 604 | 226 | 35.8% | 7.13% | $95,000 |
| 2024 | 592 | 222 | 39.2% | 8.50% | $85,000 |
| 2025 | 699 | 287 | 34.2% | 7.41% | $95,000 |
Frequently asked questions
34.2% of applications in Covington County were denied in 2025, against 22.9% statewide in Mississippi.
21st Mortgage, with 137 applications in 2025 and a denial rate of 46.7%.
The median mortgage application in Covington County in 2025 was for $95,000; the median property value on originated loans was $185,000.