Lafayette County, Mississippi · 2025

Mortgage lenders in Lafayette County, MS: denial rates and top lenders (2025)

251 lenders acted on 2,431 mortgage applications for properties in Lafayette County in 2025. 13.3% were denied (Mississippi: 22.9%). Median rate on closed loans 6.88%; median loan $255,000; median property value $445,000.

2.4kApplications
13.3%Denial ratestate 22.9%
6.88%Median ratestate 6.75%
$255,000Median loan
$445,000Median property value

Largest lenders in Lafayette County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 BankPlus B 237201 5.1%6.50%
2 Cadence Bank B 156111 16.7%7.39%
3 Renasant Bank B 142114 9.9%6.88%
4 Guaranty Bank and Trust D 131104 5.3%7.00%
5 BankFirst Financial Services A 10797 2.8%7.00%
6 Regions Bank C 10243 37.3%6.25%
7 Rocket Mortgage C 9871 18.4%6.88%
8 Trustmark National Bank C 8568 5.9%7.00%
9 21st Mortgage F 8216 45.1%10.23%
10 Broker Solutions D 4936 0.0%7.25%
11 First Commercial Bank B 4539 2.2%
12 Unnamed lender 529900YKD9FOL6BFSG98 C 4339 4.7%
13 Triad Financial Services D 4214 21.4%8.47%
14 Guild Mortgage A 4030 7.5%6.93%
15 RiverHills Bank B 3937 0.0%
16 Mutual Credit Union F 3612 41.7%
17 Pennymac Loan Services C 2717 11.1%6.38%
18 Paragon Bank A 2520 4.0%
19 United Shore Financial Services B 2416 8.3%6.56%
20 GMFS A 2319 0.0%6.63%
21 Bank of America F 2212 22.7%5.99%
22 Mortgage Research Center C 219 19.1%5.99%
23 JPMorgan Chase Bank B 2013 10.0%6.13%
24 Crosscountry Mortgage B 2013 0.0%7.38%
25 FirstBank C 207 35.0%9.89%

Best approval odds in Lafayette County

Lowest decision denial rate among lenders that decided at least 50 applications here in 2025.

#LenderDecidedDecision denial rate
1BankFirst Financial Services1022.9%
2BankPlus2165.6%
3Guaranty Bank and Trust1146.1%
4Trustmark National Bank756.7%
5Renasant Bank12810.9%
6Cadence Bank14018.6%
7Rocket Mortgage9119.8%
8Regions Bank8743.7%
921st Mortgage5567.3%

What Lafayette County borrowers applied for

By loan purpose

Home purchase 1,332 55% · 9.9% denied
Refinance 468 19% · 10.3% denied
Cash-out refinance 268 11% · 19.4% denied
Home improvement 132 5% · 22.7% denied
Other / HELOC 231 10% · 26.8% denied

By loan type

Conventional 2,170 89% · 13.3% denied
FHA 158 6% · 14.6% denied
VA 95 4% · 11.6% denied
USDA / RHS 8 0% · 12.5% denied

Why applications were denied

Credit history 100 33%
Debt-to-income ratio 89 29%
Collateral 48 16%
Incomplete application 39 13%
Other 12 4%
Unverifiable information 10 3%
Insufficient cash 5 2%
Employment history 1 0%

Lafayette County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,9101,21814.2%7.13%$215,000
20242,0361,33614.9%7.25%$225,000
20252,4311,65413.3%6.88%$255,000

Frequently asked questions

13.3% of applications in Lafayette County were denied in 2025, against 22.9% statewide in Mississippi.

BankPlus, with 237 applications in 2025 and a denial rate of 5.1%.

The median mortgage application in Lafayette County in 2025 was for $255,000; the median property value on originated loans was $445,000.