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2024 data HMDA 2024 disclosure official source

Simpson County

984 mortgage applications, 24.2% denial rate. Verify FIPS 28127 with U.S. Census Bureau →

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Mississippi · FIPS 28127

Local mortgage market. Simpson County, Mississippi saw 984 HMDA-reported mortgage applications in 2024. Lenders originated 411 of those loans and denied 238, producing a denial rate of 24.2% and an approval (origination) rate of 41.8%. The average loan amount was $131,362 at an average note rate of 7.71%, with applicants self-reporting average annual income of $37K. 67 distinct institutions reported mortgage activity in this county.

Borrower leverage and affordability signal. The loan-to-income ratio averages 3.6x, meaning typical borrowers took on mortgages of about 3.6 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 28127 · CFPB HMDA 2024 Snapshot National Loan-Level Dataset. See our disclaimer before acting on this data.

984
Applications
411
Originated
24.2%
Denial Rate
41.8%
Approval Rate
$131,362
Avg Loan Amount
7.71%
Avg Interest Rate
$37K
Avg Applicant Income
3.6x
Loan-to-Income Ratio

Nearby Lenders in Simpson 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 PriorityOne Bank 59 14.4%
2 Trustmark National Bank 44 10.7%
3 Cadence Bank 30 7.3%
4 Peoples Bank 29 7.1%
5 21st Mortgage 28 6.8%
Compare PriorityOne Bank vs Trustmark National Bank →

Frequently Asked Questions

How many mortgage applications were filed in Simpson County?
In the 2024 HMDA reporting year, 984 mortgage applications were filed in Simpson County, Mississippi. Of these, 411 were originated (approved and funded), while 238 were denied, resulting in a denial rate of 24.2%.
What is the mortgage denial rate in Simpson County?
The mortgage denial rate in Simpson County is 24.2%. The approval (origination) rate is 41.8%, reflecting originated loans as a share of all applications.
What is the average mortgage loan amount in Simpson County?
The average mortgage loan amount in Simpson County is $131,362. The average interest rate is 7.710%. The average applicant income is $37K.
What is the loan-to-income ratio in Simpson County?
The average loan-to-income ratio in Simpson County is 3.6x, meaning borrowers took on loans averaging 3.6 times their annual income. This reflects average borrower profiles for mortgages processed in this county.
Who are the top mortgage lenders in Simpson County?
The top mortgage lenders in Simpson County by origination volume are PriorityOne Bank, Trustmark National Bank, Cadence Bank. In total, 67 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.