State report · HMDA 2025

Mississippi mortgages and home buyers, 2025

Incomes, down payments, rates, loan costs, denials and lenders across Mississippi's 82 counties, from official HMDA records.

HMDA 2025 data released June 23, 2026

In 2025, lenders reported 20,213 home-purchase mortgages for owner-occupied, single-family homes in Mississippi. The median buyer borrowed $245,000 on a home valued at $265,000 and reported a household income of $90,000.

Buyers financed a median 96.5% of the home's value (roughly 3.5% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $4,460.

Lenders denied 11.3% of completed home-purchase applications.

Purchase loans

20,213

431 lenders active

Buyer income

$90,000

U.S. $116,000

Down payment

3.5%

U.S. 10%

30-yr fixed rate

6.625%

U.S. 6.625%

Loan costs

$4,460

Conventional · U.S. $5,570

FHA limit 2026

$541,287

1-unit home, all counties

Key facts

Home buyers' median income ($90,000) is 22% lower than the U.S. median ($116,000).
Median conventional loan costs ($4,460) were 20% lower than the U.S. median ($5,570).
FHA loans made up 33.3% of purchase mortgages, versus 21.1% nationally.
VA loans were unusually common: 16.7% of purchase mortgages.
USDA rural loans financed 5.4% of purchases.
24.6% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
15.3% of single-family purchase mortgages financed manufactured homes.
The most common age bracket among borrowers was 25–34 (31.6% of purchase loans).
60.7% of purchase mortgages had a single borrower with no co-applicant.
The most-cited reason for denial was debt-to-income ratio (32.7% of denials with a stated reason).

The 2026 conforming limit is $832,750 for a one-unit home in every Mississippi county. See every Mississippi county's 2026 FHA and conforming loan limits.

Mississippi counties compared

Click a column to sort. Medians shown with at least 30 loans.

County	Purchase loans	Median loan	Buyer income	Down payment	30-yr rate	Loan costs	Denial rate	FHA limit
Adams County	137	$175,000	$73,000	3.5%	6.625%	$4,710	16.1%	$541,287
Alcorn County	174	$185,000	$73,000	3.5%	6.875%	$3,860	17.3%	$541,287
Amite County	35	$255,000	$109,000	5.1%	—	—	11.6%	$541,287
Attala County	76	$175,000	$76,000	3.5%	—	—	10.2%	$541,287
Benton County	40	$155,000	$79,000	—	—	—	10.2%	$541,287
Bolivar County	107	$175,000	$79,000	3.5%	6.750%	$4,570	7.6%	$541,287
Calhoun County	41	$155,000	$64,000	5.2%	—	—	17.3%	$541,287
Carroll County	36	$175,000	$91,000	—	—	—	26.4%	$541,287
Chickasaw County	63	$165,000	$71,000	3.5%	—	—	13.5%	$541,287
Choctaw County	27	—	—	—	—	—	15.2%	$541,287
Claiborne County	10	—	—	—	—	—	—	$541,287
Clarke County	87	$155,000	$80,000	3.5%	—	—	15.3%	$541,287
Clay County	70	$155,000	$77,000	3.5%	—	—	10.1%	$541,287
Coahoma County	54	$135,000	$74,000	3.5%	—	—	25.6%	$541,287
Copiah County	85	$175,000	$75,000	3.5%	—	—	8.4%	$541,287
Covington County	64	$205,000	$78,000	3.5%	—	—	14.1%	$541,287
DeSoto County	2,309	$305,000	$99,000	3.5%	6.500%	$5,530	7.4%	$541,287
Forrest County	541	$225,000	$87,000	3.5%	6.625%	$4,470	13.5%	$541,287
Franklin County	25	—	—	—	—	—	—	$541,287
George County	275	$215,000	$83,000	3.5%	6.625%	$4,030	13.7%	$541,287
Greene County	54	$175,000	$102,000	10.0%	—	—	5.3%	$541,287
Grenada County	102	$205,000	$82,000	3.5%	6.875%	$3,820	23.5%	$541,287
Hancock County	441	$245,000	$99,000	5.0%	6.750%	$4,520	9.4%	$541,287
Harrison County	2,144	$245,000	$88,000	3.5%	6.500%	$4,320	11.5%	$541,287
Hinds County	1,134	$215,000	$75,000	3.5%	6.740%	$4,050	16.6%	$541,287
Holmes County	16	—	—	—	—	—	—	$541,287
Humphreys County	29	—	—	—	—	—	29.5%	$541,287
Issaquena County	1	—	—	—	—	—	—	$541,287
Itawamba County	132	$175,000	$77,000	3.5%	6.500%	$4,120	15.8%	$541,287
Jackson County	1,456	$225,000	$89,000	3.5%	6.625%	$4,380	9.9%	$541,287
Jasper County	46	$165,000	$84,000	5.0%	—	—	17.2%	$541,287
Jefferson County	8	—	—	—	—	—	—	$541,287
Jefferson Davis County	26	—	—	—	—	—	18.2%	$541,287
Jones County	309	$185,000	$81,000	5.0%	6.750%	$4,090	10.2%	$541,287
Kemper County	12	—	—	—	—	—	—	$541,287
Lafayette County	443	$365,000	$157,000	20.0%	6.750%	$5,020	7.8%	$541,287
Lamar County	618	$245,000	$98,000	4.1%	6.625%	$4,600	7.2%	$541,287
Lauderdale County	378	$195,000	$91,000	3.5%	6.625%	$3,760	9.3%	$541,287
Lawrence County	42	$165,000	$69,000	4.3%	—	—	21.1%	$541,287
Leake County	60	$165,000	$95,000	3.5%	—	—	9.2%	$541,287
Lee County	640	$225,000	$88,000	5.0%	6.750%	$4,180	10.9%	$541,287
Leflore County	95	$135,000	$56,000	3.5%	—	$2,640	25.6%	$541,287
Lincoln County	126	$205,000	$82,000	5.0%	6.750%	$5,010	12.1%	$541,287
Lowndes County	429	$235,000	$90,000	3.5%	6.625%	$4,610	12.1%	$541,287
Madison County	1,294	$315,000	$122,000	10.0%	6.625%	$4,680	6.5%	$541,287
Marion County	121	$165,000	$78,000	3.5%	6.625%	$4,560	16.3%	$541,287
Marshall County	357	$285,000	$87,000	3.5%	6.375%	$4,320	14.4%	$541,287
Monroe County	201	$185,000	$76,000	3.5%	6.875%	$3,980	14.4%	$541,287
Montgomery County	33	$125,000	$55,000	5.7%	—	—	19.5%	$541,287
Neshoba County	86	$155,000	$77,000	3.5%	—	—	18.5%	$541,287
Newton County	74	$155,000	$81,000	6.6%	—	—	12.5%	$541,287
Noxubee County	8	—	—	—	—	—	—	$541,287
Oktibbeha County	286	$275,000	$110,000	10.0%	6.625%	$5,150	7.5%	$541,287
Panola County	174	$205,000	$79,000	5.0%	6.625%	$3,870	12.2%	$541,287
Pearl River County	489	$225,000	$88,000	3.5%	6.625%	$4,410	9.3%	$541,287
Perry County	48	$165,000	$89,000	3.5%	—	—	13.6%	$541,287
Pike County	165	$185,000	$77,000	3.5%	6.750%	$4,520	17.2%	$541,287
Pontotoc County	153	$205,000	$71,000	3.5%	6.750%	$4,120	8.2%	$541,287
Prentiss County	115	$165,000	$67,000	3.5%	6.875%	$3,310	19.3%	$541,287
Quitman County	16	—	—	—	—	—	—	$541,287
Rankin County	1,836	$265,000	$93,000	3.5%	6.625%	$4,320	7.3%	$541,287
Scott County	81	$185,000	$75,000	3.5%	—	—	17.1%	$541,287
Sharkey County	5	—	—	—	—	—	—	$541,287
Simpson County	125	$195,000	$78,000	3.5%	—	$4,020	12.2%	$541,287
Smith County	58	$185,000	$93,000	3.5%	—	—	15.5%	$541,287
Stone County	99	$215,000	$86,000	3.5%	—	$4,860	8.3%	$541,287
Sunflower County	47	$105,000	$56,000	5.0%	—	$4,120	27.5%	$541,287
Tallahatchie County	28	—	—	—	—	—	14.7%	$541,287
Tate County	190	$275,000	$91,000	5.0%	6.625%	$4,420	11.2%	$541,287
Tippah County	64	$175,000	$71,000	3.5%	—	—	19.1%	$541,287
Tishomingo County	128	$175,000	$73,000	3.5%	6.875%	$3,830	14.9%	$541,287
Tunica County	12	—	—	—	—	—	—	$541,287
Union County	142	$205,000	$83,000	5.0%	6.490%	$3,840	11.8%	$541,287
Walthall County	44	$205,000	$72,000	5.0%	—	—	10.3%	$541,287
Warren County	231	$195,000	$81,000	3.5%	6.625%	$4,320	16.0%	$541,287
Washington County	125	$165,000	$75,000	3.5%	6.625%	$4,640	25.4%	$541,287
Wayne County	51	$205,000	$97,000	3.5%	—	—	12.3%	$541,287
Webster County	46	$205,000	$85,000	3.5%	—	—	4.1%	$541,287
Wilkinson County	10	—	—	—	—	—	—	$541,287
Winston County	68	$165,000	$64,000	5.0%	—	$4,380	16.5%	$541,287
Yalobusha County	59	$195,000	$89,000	5.0%	—	—	14.3%	$541,287
Yazoo County	76	$185,000	$78,000	3.5%	—	—	22.1%	$541,287

Who bought homes in Mississippi

Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.

Purchase loans

20,213

of 23,584 applications

Buyer income

$90,000

Middle half $63,000–$130,000

Home value

$265,000

Middle half $195,000–$365,000

Loan amount

$245,000

Middle half $175,000–$315,000

Down payment

3.5%

24.6% put 20%+ down

Single borrower

60.7%

No co-applicant

Values are medians; "middle half" is the 25th to 75th percentile.

Loan type

Conventional 44.7% 9,026

FHA 33.3% 6,726

VA 16.7% 3,370

USDA 5.4% 1,091

What the homes were for

Primary residence 93.8% 23,986

Second home 2.8% 712

Investment property 3.4% 871

All first-lien, closed-end purchase mortgages, including second homes and investors.

Borrower age

Under 25 9.7%

25–34 31.6%

35–44 23.1%

45–54 16.0%

55–64 11.6%

65–74 6.0%

75 and over 2.0%

Debt-to-income ratio

Under 20% 3.8%

20–29% 14.4%

30–35% 16.5%

36–42% 25.6%

43–49% 25.7%

50–60% 13.6%

Over 60% 0.5%

Monthly debts (including the new payment) as a share of income, as used in underwriting.

What borrowing cost in Mississippi

Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.

Measure	Mississippi	U.S.
30-year fixed rate · conventional	6.625%	6.625%
30-year fixed rate · FHA	6.250%	6.250%
30-year fixed rate · VA	6.250%	6.125%
15-year fixed rate · conventional	5.875%	5.875%
Rate spread vs. APOR · conventional	+0.26 pts	+0.13 pts
Total loan costs · conventional	$4,460	$5,570
Total loan costs · FHA	$8,720	$11,310
Total loan costs · VA	$5,000	$6,490
Origination charges (all loan types)	$1,600	$1,860
Borrowers paying discount points	47.8%	51.3%
Points paid, when paid (% of loan)	0.74%	0.87%
Borrowers receiving lender credits	27.4%	33.1%
Adjustable-rate mortgages	3.2%	7.4%
Jumbo loans (above conforming limit)	0.8%	3.8%

Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.

Approvals and denials

Mississippi: 2,663 of 23,584 completed home-purchase applications were denied (11.3%).

Denial rate

Application	Mississippi	U.S.
Home purchase	11.3%	8.5%
Conventional	10.3%	7.1%
FHA	13.4%	12.5%
VA	9.4%	8.0%
USDA	12.0%	12.5%
Refinance	19.3%	17.9%
Cash-out refinance	43.6%	33.6%

Main reason for purchase denials

Debt-to-income ratio 32.7%

Credit history 22.1%

Collateral (appraisal/property) 11.8%

Credit application incomplete 9.3%

Other 9.1%

Insufficient cash (down payment/closing costs) 6.5%

Unverifiable information 5.0%

Employment history 3.3%

Mortgage insurance denied 0.1%

First reason the lender reported.

Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.

Refinancing in Mississippi

Refinances

5,438

Median loan $225,000

Refi rate

6.50%

30-yr fixed, conv.

Refi loan costs

$3,830

Conventional

Cash-out refis

3,717

Median loan $175,000

Cash-out rate

6.875%

30-yr fixed, conv.

Cash-out income

$80,000

Median borrower

Top mortgage lenders in Mississippi

#	Lender	Loans	Share	Denial rate	30-yr rate*	Spread*	Costs*
1	Rocket Mortgage, LLC	2,098	7.1%	18.9%	6.750%	+0.41	$5,830
2	Trustmark National Bank	1,893	6.5%	6.4%	6.590%	+0.23	$4,280
3	Cadence Bank	1,364	4.6%	10.4%	6.625%	+0.22	$4,720
4	United Wholesale Mortgage (UWM)	1,168	4.0%	8.9%	6.871%	+0.42	$5,080
5	Veterans United Home Loans	1,161	4.0%	10.1%	6.875%	+0.25	$2,710
6	Renasant Bank	1,016	3.5%	6.7%	6.750%	+0.30	$4,420
7	Community Bank of Mississippi	929	3.2%	7.6%	6.625%	+0.86	$4,070
8	BankPlus	703	2.4%	11.8%	6.500%	+0.10	$3,570
9	Freedom Mortgage Corporation	677	2.3%	13.0%	—	—	—
10	DHI Mortgage Company, Ltd.	604	2.1%	20.2%	5.500%	−1.22	$1,870
11	Regions Bank	602	2.1%	17.6%	6.625%	+0.20	$4,060
12	Guild Mortgage Company	577	2.0%	4.7%	6.500%	+0.23	$5,380
13	Guaranty Bank and Trust Company	564	1.9%	22.8%	6.875%	+0.47	$3,000
14	CMG Mortgage, Inc.	563	1.9%	5.3%	6.625%	+0.29	$4,930
15	Keesler	526	1.8%	23.0%	6.000%	−0.46	$3,700
16	CrossCountry Mortgage, Inc.	433	1.5%	3.9%	6.875%	+0.49	$5,850
17	Pennymac Loan Services, LLC	423	1.4%	20.1%	6.750%	+0.22	$5,580
18	New American Funding	401	1.4%	7.8%	6.990%	+0.55	$6,230
19	Magnolia Bank, Incorporated	389	1.3%	2.8%	6.625%	+0.35	$4,760
20	loanDepot.com, LLC	388	1.3%	5.8%	6.125%	−0.16	$4,850
21	American Mortgage Bank, LLC	385	1.3%	3.7%	6.625%	+0.34	$6,300
22	Navy Federal Credit Union	357	1.2%	15.6%	6.750%	+0.14	$3,300
23	Stockton Mortgage Corporation	343	1.2%	5.8%	6.875%	+0.52	$6,150
24	Mortgage Investors Group, Inc.	324	1.1%	2.2%	6.750%	+0.33	$4,830
25	PriorityOne Bank	311	1.1%	4.5%	6.750%	+0.41	—

Largest lenders in Mississippi by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).

Metro areas in Mississippi

Memphis, TN-MS-AR · 10,296 purchases
Jackson, MS · 4,647 purchases
Gulfport-Biloxi, MS · 4,140 purchases
Hattiesburg, MS · 1,207 purchases

Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology