Merchants & Marine Bank mortgage approval rate & lending review
Merchants & Marine Bank decided 356 mortgage applications and funded 314 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Merchants & Marine Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Merchants & Marine Bank at a glance
Approval is 7.5 points above the 82.4% 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 | 91% | 154 / 169 | 97% | $225K | 150 |
| Refinance | 92% | 35 / 38 | 97% | $45K | 34 |
| Investment property purchase | 90% | 35 / 39 | 97% | $95K | 34 |
| Investment refinance | 96% | 81 / 84 | 100% | $85K | 81 |
Merchants & Marine Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Mississippi | 89% | $95K | 164 | 144 |
| Alabama | 90% | $135K | 125 | 110 |
| Louisiana | 92% | $225K | 53 | 48 |
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 Merchants & Marine Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Jackson County, MS | Mortgage lenders | 91% | 53 | 46 |
| Baldwin County, AL | Investment refinance | 100% | 34 | 34 |
| Jackson County, MS | Investment refinance | 97% | 33 | 32 |
| Jackson County, MS | Refinance | 96% | 23 | 22 |
The county markets where Merchants & Marine Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Merchants & Marine Bank
What is Merchants & Marine Bank's mortgage approval rate?
Merchants & Marine Bank approved 89.9% of the 356 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 7.5 points above the 82.4% national rate for the same mix of loan types.
How often do borrowers take the loan Merchants & Marine Bank offers?
Borrowers accepted 98% of the loans Merchants & Marine Bank 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 Merchants & Marine Bank make?
The typical home purchase mortgage loan Merchants & Marine Bank made was $225K; across all loan types its typical loan ran from $45K to $225K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Merchants & Marine Bank lend?
Merchants & Marine Bank decided applications in 8 of the states Fat Boy Data covers, most of them in Mississippi, Alabama and Louisiana.
Can I apply to Merchants & Marine Bank directly?
Yes. Merchants & Marine Bank is a bank or credit union with 24 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Merchants & Marine Bank'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 Merchants & Marine Bank treats applications, then get a rate quote from the lender.