PlainLender

Cadence Bank

Tupelo, MS

Cadence Bank processed 19,150 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 12,823 loans with a 18.2% denial rate. Home Purchase was the primary loan purpose. Based in Tupelo, MS. The approval rate of 67.0% 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. Cadence Bank processed 19,150 HMDA-reported mortgage applications in 2024, originating 12,823 loans and denying 3,490 for a denial rate of 18.2% (applicants themselves withdrew 2,296 files before a decision). The average loan amount was $278,323 at a 7.236% average note rate, and applicants self-reported an average income of $34,000. The lender reports under LEI Q7C315HKI8VX0SSKBS64 from Tupelo, 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several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. Cadence Bank's 67.0% origination rate tells you how often an application turned into funded money; the 18.2% 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 (16,944 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.

19,150
Applications
12,823
Originated
18.2%
Denial Rate
$278,323
Avg Loan Amount
Avg Interest Rate: 7.236% Avg Applicant Income: $34,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 16,944 11,435 3,060 $280,512
FHA 1,723 1,061 368 $227,234
VA 365 239 48 $447,685
USDA 118 88 14 $186,186

Top loan types — Cadence Bank

Top loan types — Cadence Bank Horizontal bar chart of the top 4 items by value (applications). Top loan types — Cadence Bank Top 4 1. Conventional 16,944 2. FHA 1,723 3. VA 365 4. USDA 118 Top 5 loan types by application volume at Cadence Bank (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 Cadence Bank (LEI: Q7C315HKI8VX0SSKBS64) · 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
1,641
Credit history
1,381
Other
682
Collateral
469
Credit application incomplete
233
Insufficient cash
152
Unverifiable information
71
Employment history
70

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 9,398 6,818 $402,983
Other 5,313 3,054 $129,218
Refinancing 3,723 2,613 $184,748
Cash-out Refinancing 514 217 $258,852
Home Improvement 202 121 $174,554

Geographic Coverage — Lending by Race

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

Race Applications Approval Rate Denial Rate
White 11,974 70.2% 16.0%
Black or African American 2,878 54.8% 29.8%
Asian 460 63.0% 20.9%
Joint 246 71.5% 17.9%
American Indian or Alaska Native 62 64.5% 19.4%
Native Hawaiian or Other Pacific Islander 23 47.8% 26.1%
2 or more minority races 14 64.3% 35.7%

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 14,033 68.1% 18.5%
Hispanic or Latino 1,275 63.5% 18.7%
Joint 264 70.8% 16.7%

Nearby Lenders in MS

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

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

BANKPLUS

RIDGELAND, MS

3,698 apps 2,745 originated 10.7% denied

KEESLER FEDERAL CREDIT UNION

BILOXI, MS

2,511 apps 1,053 originated 39.5% denied
Compare Cadence Bank vs TRUSTMARK NATIONAL 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 Cadence Bank process?
Cadence Bank processed 19,150 mortgage applications in the 2023 HMDA reporting year. Of these, 12,823 were originated (approved and funded), 2,296 were withdrawn by the applicant, and 3,490 were denied.
What is Cadence Bank's mortgage approval rate?
Cadence Bank has an approval (origination) rate of 67.0%, meaning 67.0% of all applications resulted in a funded mortgage. The denial rate is 18.2%.
What is the average loan amount at Cadence Bank?
The average mortgage loan amount at Cadence Bank is $278,323. The average interest rate is 7.236%. The average applicant income is $34,000.
What are the most common reasons for mortgage denial at Cadence Bank?
The most common reasons for mortgage denial at Cadence Bank are: Debt-to-income ratio, Credit history, Other. In total, 3,490 applications were denied out of 19,150 total applications.
What types of mortgage loans does Cadence Bank offer?
Cadence Bank processes Conventional, FHA, VA, USDA loans. The most common type is Conventional with 16,944 applications and an average loan amount of $280,512.
What loan purposes does Cadence Bank serve?
Cadence Bank serves the following loan purposes: Home Purchase (9,398 applications), Other (5,313 applications), Refinancing (3,723 applications), Cash-out Refinancing (514 applications), Home Improvement (202 applications). Home Purchase is the most common purpose.
Where is Cadence Bank located?
Cadence Bank is headquartered in Tupelo, MS. The lender is identified by LEI Q7C315HKI8VX0SSKBS64 in HMDA data.
How does Cadence Bank compare in lending across racial demographics?
Cadence Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 70.2% and denial rate of 16.0%; Black or African American applicants have an approval rate of 54.8% and denial rate of 29.8%; Asian applicants have an approval rate of 63.0% and denial rate of 20.9%. 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.