Panola County, Mississippi · 2025

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

118 lenders acted on 1,239 mortgage applications for properties in Panola County in 2025. 28.5% were denied (Mississippi: 22.9%). Median rate on closed loans 6.88%; median loan $125,000; median property value $215,000.

1.2kApplications
28.5%Denial ratestate 22.9%
6.88%Median ratestate 6.75%
$125,000Median loan
$215,000Median property value

Largest lenders in Panola County

#LenderGradeApplicationsOriginatedDenial rateMedian rate
1 21st Mortgage F 18831 50.5%10.94%
2 Vanderbilt Mortgage and Finance F 936 43.0%11.38%
3 Triad Financial Services D 7522 44.0%8.70%
4 First Security Bank, Batesville, Mississippi B 6144 11.5%
5 Regions Bank C 6021 50.0%6.50%
6 Guaranty Bank and Trust D 5841 13.8%6.88%
7 Rocket Mortgage C 4731 21.3%6.63%
8 FirstBank C 4112 51.2%10.49%
9 Cadence Bank B 3725 24.3%7.50%
10 Trustmark National Bank C 3626 13.9%6.11%
11 Union Home Mortgage B 3426 2.9%5.88%
12 BankPlus B 2520 8.0%6.50%
13 Planters Bank & Trust C 2220 4.6%8.03%
14 Mortgage Research Center C 2210 18.2%6.69%
15 Renasant Bank B 2011 35.0%6.98%
16 Southwest Stage Funding F 207 15.0%8.90%
17 AmeriSave Mortgage D 194 68.4%7.69%
18 BankFirst Financial Services A 1917 5.3%8.00%
19 Cardinal Financial Company, Limited Partnership B 1814 0.0%6.00%
20 Loandepot.Com D 167 12.5%6.99%
21 Broker Solutions D 156 13.3%6.69%
22 Freedom Mortgage B 134 7.7%6.00%
23 Navy Federal Credit Union D 137 15.4%7.65%
24 Fairway Independent Mortgage B 128 8.3%6.22%
25 Newrez D 121 25.0%5.75%

Best approval odds in Panola County

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

What Panola County borrowers applied for

By loan purpose

Home purchase 788 64% · 29.2% denied
Refinance 149 12% · 19.5% denied
Cash-out refinance 123 10% · 29.3% denied
Home improvement 64 5% · 32.8% denied
Other / HELOC 115 9% · 32.2% denied

By loan type

Conventional 954 77% · 31.8% denied
FHA 209 17% · 20.6% denied
VA 51 4% · 9.8% denied
USDA / RHS 25 2% · 8.0% denied

Why applications were denied

Credit history 173 50%
Debt-to-income ratio 75 22%
Incomplete application 30 9%
Collateral 27 8%
Other 16 5%
Unverifiable information 14 4%
Insufficient cash 5 1%
Employment history 3 1%

Panola County by year

YearApplicationsOriginatedDenial rateMedian rateMedian loan
20231,05943132.8%7.01%$115,000
20241,11247231.9%6.99%$115,000
20251,23955828.5%6.88%$125,000

Frequently asked questions

28.5% of applications in Panola County were denied in 2025, against 22.9% statewide in Mississippi.

21st Mortgage, with 188 applications in 2025 and a denial rate of 50.5%.

The median mortgage application in Panola County in 2025 was for $125,000; the median property value on originated loans was $215,000.