BankPlus mortgage approval rate & lending review
BankPlus decided 5,220 mortgage applications and funded 4,181 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions BankPlus reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
BankPlus at a glance
Approval is 9.4 points above the 80.1% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 90% | 1,878 / 2,084 | 83% | $305K | 1,564 |
| Home improvement loans | 81% | 615 / 758 | 96% | $75K | 589 |
| Cash-out refinance | 66% | 50 / 76 | 78% | $225K | 39 |
| Refinance | 90% | 803 / 892 | 94% | $125K | 754 |
| Investment property purchase | 94% | 756 / 808 | 90% | $245K | 677 |
| Investment refinance | 98% | 486 / 498 | 98% | $135K | 474 |
| Investment home improvement | 87% | 86 / 99 | 95% | $75K | 82 |
BankPlus lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Mississippi | 90% | $75K | 3,032 | 2,492 |
| Louisiana | 90% | $195K | 904 | 735 |
| Alabama | 89% | $255K | 712 | 538 |
| Florida | 88% | $315K | 420 | 291 |
| Tennessee | 93% | $285K | 67 | 56 |
| Georgia | 91% | $355K | 22 | 17 |
| Texas | 86% | $375K | 21 | 16 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where BankPlus lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Madison County, MS | Mortgage lenders | 94% | 409 | 324 |
| Hinds County, MS | Mortgage lenders | 85% | 377 | 289 |
| Madison County, MS | Refinance | 94% | 259 | 230 |
| Hinds County, MS | Refinance | 88% | 226 | 189 |
| Rankin County, MS | Mortgage lenders | 94% | 231 | 188 |
| Madison County, MS | Home improvement loans | 85% | 215 | 176 |
| Mobile County, AL | Mortgage lenders | 96% | 168 | 124 |
| Rankin County, MS | Refinance | 91% | 134 | 117 |
| Hinds County, MS | Home improvement loans | 77% | 150 | 109 |
| Rankin County, MS | Home improvement loans | 81% | 134 | 106 |
| Baldwin County, AL | Mortgage lenders | 91% | 137 | 89 |
| DeSoto County, MS | Mortgage lenders | 90% | 129 | 89 |
The county markets where BankPlus made the most loans. Each link opens that market with every lender ranked.
Questions about BankPlus
What is BankPlus's mortgage approval rate?
BankPlus approved 89.6% of the 5,220 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 9.4 points above the 80.1% national rate for the same mix of loan types.
How often do borrowers take the loan BankPlus offers?
Borrowers accepted 89% of the loans BankPlus approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does BankPlus make?
The typical home purchase mortgage loan BankPlus made was $305K; across all loan types its typical loan ran from $75K to $305K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does BankPlus lend?
BankPlus decided applications in 26 of the states Fat Boy Data covers, most of them in Mississippi, Louisiana and Alabama.
Can I apply to BankPlus directly?
Yes. BankPlus is a bank or credit union with 74 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show BankPlus's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how BankPlus treats applications, then get a rate quote from the lender.