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2024 data HMDA 2024 disclosure official source

Rankin County

7,354 mortgage applications, 16.5% denial rate. Verify FIPS 28121 with U.S. Census Bureau →

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Mississippi · FIPS 28121

Local mortgage market. Rankin County, Mississippi saw 7,354 HMDA-reported mortgage applications in 2024. Lenders originated 3,970 of those loans and denied 1,216, producing a denial rate of 16.5% and an approval (origination) rate of 54.0%. The average loan amount was $195,494 at an average note rate of 6.99%, with applicants self-reporting average annual income of $37K. 196 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 5.3x, meaning typical borrowers took on mortgages of about 5.3 times their annual income. That ratio is a rough affordability signal: higher multiples imply tighter monthly budgets and greater exposure to rate or income shocks. See our methodology for how to read the denial rate against a local applicant pool.

FIPS 28121 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

7,354
Applications
3,970
Originated
16.5%
Denial Rate
54.0%
Approval Rate
$195,494
Avg Loan Amount
6.99%
Avg Interest Rate
$37K
Avg Applicant Income
5.3x
Loan-to-Income Ratio

Nearby Lenders in Rankin County

Top HMDA-reporting lenders active in this county. Compare any two side-by-side for rates, denial rates, and loan mix.

# Lender Originated Market Share
1 Trustmark National Bank 609 15.3%
2 Community Bank of Mississippi 408 10.3%
3 Cadence Bank 370 9.3%
4 Rocket Mortgage 205 5.2%
5 BANKPLUS 200 5.0%
Compare Trustmark National Bank vs Community Bank of Mississippi →

Frequently Asked Questions

How many mortgage applications were filed in Rankin County?
In the 2024 HMDA reporting year, 7,354 mortgage applications were filed in Rankin County, Mississippi. Of these, 3,970 were originated (approved and funded), while 1,216 were denied, resulting in a denial rate of 16.5%.
What is the mortgage denial rate in Rankin County?
The mortgage denial rate in Rankin County is 16.5%. The approval (origination) rate is 54.0%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Rankin County?
The average mortgage loan amount in Rankin County is $195,494. The average interest rate is 6.992%. The average applicant income is $37K.
What is the loan-to-income ratio in Rankin County?
The average loan-to-income ratio in Rankin County is 5.3x, meaning borrowers took on loans averaging 5.3 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Rankin County?
The top mortgage lenders in Rankin County by origination volume are Trustmark National Bank, Community Bank of Mississippi, Cadence Bank. In total, 196 lenders reported mortgage activity in this county.
Where does this mortgage data come from?
This data comes from the CFPB HMDA 2024 Snapshot National Loan-Level Dataset, a mandatory federal disclosure dataset covering all mortgage applications filed with HMDA-reporting institutions. County boundaries are identified by FIPS codes.

Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024. County FIPS codes per U.S. Census Bureau standards.

Data from FFIEC / CFPB HMDA Snapshot National Loan-Level Dataset (2024). Provided for informational purposes only.

Read our methodology - how this data is sourced, computed, and verified.

Every figure on PlainLender is rendered directly from CFPB HMDA federal source data, no number is typed in by an editor. This page draws directly on CFPB HMDA federal source data, no figure is typed in by an editor. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.