PlainLender

BANKPLUS

RIDGELAND, MS

BANKPLUS processed 3,698 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,745 loans with a 10.7% denial rate. Home Purchase was the primary loan purpose. Based in RIDGELAND, MS. The approval rate of 74.2% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. BANKPLUS processed 3,698 HMDA-reported mortgage applications in 2024, originating 2,745 loans and denying 396 for a denial rate of 10.7% (applicants themselves withdrew 376 files before a decision). The average loan amount was $277,380 at a 7.112% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300SFG15JDKI5MD22 from RIDGELAND, MS.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. BANKPLUS's 74.2% origination rate tells you how often an application turned into funded money; the 10.7% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Other, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,374 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

3,698
Applications
2,745
Originated
10.7%
Denial Rate
$277,380
Avg Loan Amount
Avg Interest Rate: 7.112% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,374 2,539 349 $276,239
FHA 208 119 39 $247,260
VA 89 66 6 $415,562
USDA 27 21 2 $196,481

Top loan types — BANKPLUS

Top loan types — BANKPLUS Horizontal bar chart of the top 4 items by value (applications). Top loan types — BANKPLUS Top 4 1. Conventional 3,374 2. FHA 208 3. VA 89 4. USDA 27 Top 5 loan types by application volume at BANKPLUS (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for BANKPLUS (LEI: 549300SFG15JDKI5MD22) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
235
Credit history
209
Other
113
Collateral
51
Insufficient cash
21
Unverifiable information
7
Employment history
5
Credit application incomplete
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 1,953 1,411 $364,299
Refinancing 935 764 $232,722
Home Improvement 516 374 $92,461
Other 244 173 $134,590
Cash-out Refinancing 50 23 $322,600

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 2,406 76.6% 8.8%
Black or African American 462 57.6% 27.1%
Asian 55 63.6% 18.2%
Joint 35 62.9% 8.6%
American Indian or Alaska Native 5 60.0% 0.0%
Native Hawaiian or Other Pacific Islander 2 50.0% 0.0%
2 or more minority races 1 0.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 2,851 73.5% 11.9%
Hispanic or Latino 42 59.5% 21.4%
Joint 30 56.7% 6.7%

Nearby Lenders in MS

Other HMDA-reporting lenders in MS with similar activity. Compare any two side-by-side.

Cadence Bank

Tupelo, MS

19,150 apps 12,823 originated 18.2% denied

TRUSTMARK NATIONAL BANK

JACKSON, MS

11,550 apps 8,088 originated 12.3% denied

HANCOCK WHITNEY BANK

GULFPORT, MS

5,857 apps 3,192 originated 20.9% denied

Community Bank of Mississippi

Flowood, MS

4,507 apps 3,490 originated 7.3% denied

KEESLER FEDERAL CREDIT UNION

BILOXI, MS

2,511 apps 1,053 originated 39.5% denied
Compare BANKPLUS vs Cadence Bank →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did BANKPLUS process?
BANKPLUS processed 3,698 mortgage applications in the 2023 HMDA reporting year. Of these, 2,745 were originated (approved and funded), 376 were withdrawn by the applicant, and 396 were denied.
What is BANKPLUS's mortgage approval rate?
BANKPLUS has an approval (origination) rate of 74.2%, meaning 74.2% of all applications resulted in a funded mortgage. The denial rate is 10.7%.
What is the average loan amount at BANKPLUS?
The average mortgage loan amount at BANKPLUS is $277,380. The average interest rate is 7.112%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at BANKPLUS?
The most common reasons for mortgage denial at BANKPLUS are: Debt-to-income ratio, Credit history, Other. In total, 396 applications were denied out of 3,698 total applications.
What types of mortgage loans does BANKPLUS offer?
BANKPLUS processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 3,374 applications and an average loan amount of $276,239.
What loan purposes does BANKPLUS serve?
BANKPLUS serves the following loan purposes: Home Purchase (1,953 applications), Refinancing (935 applications), Home Improvement (516 applications), Other (244 applications), Cash-out Refinancing (50 applications). Home Purchase is the most common purpose.
Where is BANKPLUS located?
BANKPLUS is headquartered in RIDGELAND, MS. The lender is identified by LEI 549300SFG15JDKI5MD22 in HMDA data.
How does BANKPLUS compare in lending across racial demographics?
BANKPLUS reports demographic lending data under HMDA requirements. White applicants have an approval rate of 76.6% and denial rate of 8.8%; Black or African American applicants have an approval rate of 57.6% and denial rate of 27.1%; Asian applicants have an approval rate of 63.6% and denial rate of 18.2%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

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