Renasant Bank Mortgage Rates, Fees & Info

Tupelo, MS

LEI: 5493002RF1ERFA2XR050

Tax ID: 64-0220550

5 stars - Updated: 4/14/24 - out of 5 stars, based on 87 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Renasant Bank is a small bank specializing in Home Purchase loans. Renasant Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Atlanta, Birmingham, Nashville, Memphis, and Jackson among others. We have data for 230 markets. (Some data included below & more in-depth data is available with an active subscription.)

Renasant Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Renasant Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
Home Equity Line of Credit (HELOC) 6.27% 4/14/24
30 Year Conventional Purchase 6.57% 4/14/24
30 Year Conventional Refi 6.57% 4/14/24
30 Year Cash-out Refi 6.80% 4/14/24
30 Year FHA Purchase 7.37% 4/14/24
30 Year FHA Refi 7.22% 4/14/24
30 Year VA Purchase 6.29% 4/14/24
30 Year VA Refi 6.27% 4/14/24
30 Year USDA Purchase 6.79% 4/14/24
30 Year USDA Refi 6.46% 4/14/24
15 Year Conventional Purchase 6.30% 4/14/24
15 Year Conventional Refi 6.21% 4/14/24
15 Year Cash-out Refi 6.21% 4/14/24
15 Year FHA Purchase 8.48% 4/14/24
15 Year FHA Refi 5.68% 4/14/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Renasant Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Renasant Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

7,510

Origination Dollar Volume (All Markets)

$1,981,750,000
Show all (21) awards

Relative Rate

Renasant Bank's average 30 year fixed mortgage rate was 6.56%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of 0.08%.

Relative Fees (Closing Costs)

Renasant Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $7,198.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 832 $259,300,000 $311,659 $8,492 6.70%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 488 $147,270,000 $301,783 $6,502 6.61%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 363 $129,375,000 $356,405 $7,937 7.73%
Outside of Metro Areas 697 $121,275,000 $173,996 $5,922 7.13%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 384 $94,770,000 $246,797 $6,434 6.90%
JACKSON, MS (FHA|USDA|VA) 280 $55,840,000 $199,429 $5,468 6.77%
Tupelo, MS (FHA|USDA|VA) 365 $55,105,000 $150,973 $4,410 7.48%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 144 $50,210,000 $348,681 $6,790 6.78%
MONTGOMERY, AL (FHA|USDA|VA) 202 $49,300,000 $244,059 $7,793 6.61%
HUNTSVILLE, AL (FHA|USDA|VA) 138 $45,940,000 $332,899 $6,989 6.40%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 84 $39,250,000 $467,262 $7,408 6.69%
Oxford, MS (FHA|USDA|VA) 113 $33,945,000 $300,398 $6,341 7.14%
TUSCALOOSA, AL (FHA|USDA|VA) 126 $30,630,000 $243,095 $8,002 6.43%
MOBILE, AL (FHA|USDA|VA) 120 $26,890,000 $224,083 $6,100 6.90%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 55 $26,325,000 $478,636 $9,023 7.09%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 94 $25,880,000 $275,319 $8,952 6.37%
JACKSONVILLE, FL (FHA|USDA|VA) 78 $25,160,000 $322,564 $8,494 5.59%
SAVANNAH, GA (FHA|USDA|VA) 97 $24,095,000 $248,402 $8,788 7.01%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 3 $22,715,000 $7,571,667 $5,195 6.38%
LYNCHBURG, VA (FHA|USDA|VA) 73 $20,215,000 $276,918 $6,136 6.67%
DECATUR, AL (FHA|USDA|VA) 97 $20,145,000 $207,680 $6,094 7.38%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 69 $20,025,000 $290,217 $6,367 6.77%
KNOXVILLE, TN (FHA|USDA|VA) 75 $19,495,000 $259,933 $5,443 7.22%
COLUMBIA, SC (FHA|USDA|VA) 74 $19,300,000 $260,811 $8,339 6.67%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 75 $18,615,000 $248,200 $6,851 7.09%
Starkville, MS (FHA|USDA|VA) 79 $17,965,000 $227,405 $6,534 7.46%
Columbus, MS (FHA|USDA|VA) 103 $16,965,000 $164,709 $6,746 7.01%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 45 $15,985,000 $355,222 $6,052 6.62%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 71 $15,595,000 $219,648 $6,854 6.55%
ALBANY, GA (FHA|USDA|VA) 103 $15,075,000 $146,359 $5,597 7.61%
COLUMBUS, GA-AL (FHA|USDA|VA) 58 $14,340,000 $247,241 $6,027 7.03%
SPARTANBURG, SC (FHA|USDA|VA) 51 $13,325,000 $261,275 $10,005 6.30%
Douglas, GA (FHA|USDA|VA) 61 $13,115,000 $215,000 $7,050 6.48%
VALDOSTA, GA (FHA|USDA|VA) 70 $13,070,000 $186,714 $7,549 6.95%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 43 $12,575,000 $292,442 $8,389 6.87%
Alexander City, AL (FHA|USDA|VA) 22 $12,470,000 $566,818 $7,155 6.75%
Waycross, GA (FHA|USDA|VA) 4 $11,640,000 $2,910,000 $6,055 6.50%
GADSDEN, AL (FHA|USDA|VA) 67 $11,285,000 $168,433 $5,449 6.55%
WARNER ROBINS, GA (FHA|USDA|VA) 35 $11,115,000 $317,571 $6,984 6.56%
DOTHAN, AL (FHA|USDA|VA) 49 $10,845,000 $221,327 $6,071 6.50%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 34 $9,640,000 $283,529 $6,704 7.25%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 37 $9,315,000 $251,757 $6,719 6.77%
ROANOKE, VA (FHA|USDA|VA) 32 $9,090,000 $284,063 $7,404 6.63%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 21 $8,975,000 $427,381 $13,139 6.65%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 19 $8,965,000 $471,842 $8,195 7.32%
DALTON, GA (FHA|USDA|VA) 32 $8,820,000 $275,625 $7,611 6.91%
McMinnville, TN (FHA|USDA|VA) 39 $8,615,000 $220,897 $7,081 6.44%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 45 $7,855,000 $174,556 $5,785 7.76%
Statesboro, GA (FHA|USDA|VA) 48 $7,600,000 $158,333 $7,013 7.31%
JOHNSON CITY, TN (FHA|USDA|VA) 38 $7,370,000 $193,947 $4,194 8.00%
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 27 $7,345,000 $272,037 $7,040 6.69%
Enterprise, AL (FHA|USDA|VA) 22 $7,100,000 $322,727 $5,827 6.26%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 1 $7,005,000 $7,005,000 $0 7.05%
West Point, MS (FHA|USDA|VA) 32 $6,910,000 $215,938 $6,563 7.69%
ABILENE, TX (FHA|USDA|VA) 24 $6,620,000 $275,833 $8,521 7.06%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 27 $6,545,000 $242,407 $5,939 6.86%
Talladega-Sylacauga, AL (FHA|USDA|VA) 25 $6,145,000 $245,800 $7,212 6.81%
PANAMA CITY, FL (FHA|USDA|VA) 18 $6,120,000 $340,000 $6,806 7.30%
Cullman, AL (FHA|USDA|VA) 16 $6,070,000 $379,375 $6,197 7.01%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $6,005,000 $6,005,000 $49,194 6.25%
Grenada, MS (FHA|USDA|VA) 62 $5,990,000 $96,613 $3,775 7.99%
Albertville, AL (FHA|USDA|VA) 26 $5,980,000 $230,000 $7,625 6.65%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 26 $5,810,000 $223,462 $6,558 6.73%
GAINESVILLE, GA (FHA|USDA|VA) 21 $5,705,000 $271,667 $6,338 6.80%
Cornelia, GA (FHA|USDA|VA) 19 $5,545,000 $291,842 $7,042 6.76%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 10 $5,470,000 $547,000 $10,869 6.76%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 13 $5,385,000 $414,231 $12,278 6.74%
LaGrange, GA-AL (FHA|USDA|VA) 37 $5,185,000 $140,135 $6,191 7.17%
Fort Payne, AL (FHA|USDA|VA) 22 $5,180,000 $235,455 $5,277 6.60%
Calhoun, GA (FHA|USDA|VA) 19 $4,645,000 $244,474 $7,693 6.92%
GAINESVILLE, FL (FHA|USDA|VA) 24 $4,640,000 $193,333 $6,355 7.54%
Tullahoma-Manchester, TN (FHA|USDA|VA) 12 $4,400,000 $366,667 $7,635 6.80%
Corinth, MS (FHA|USDA|VA) 30 $4,310,000 $143,667 $3,059 7.82%
Scottsboro, AL (FHA|USDA|VA) 19 $4,305,000 $226,579 $5,455 6.87%
HATTIESBURG, MS (FHA|USDA|VA) 12 $4,300,000 $358,333 $6,790 6.93%
Troy, AL (FHA|USDA|VA) 16 $4,200,000 $262,500 $5,799 6.81%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 8 $4,030,000 $503,750 $16,139 6.73%
Meridian, MS (FHA|USDA|VA) 15 $4,005,000 $267,000 $6,059 6.56%
ROME, GA (FHA|USDA|VA) 16 $3,830,000 $239,375 $7,667 6.88%
WINSTON-SALEM, NC (FHA|USDA|VA) 14 $3,720,000 $265,714 $6,422 6.62%
SHERMAN-DENISON, TX (FHA|USDA|VA) 8 $3,680,000 $460,000 $16,297 6.11%
Ozark, AL (FHA|USDA|VA) 15 $3,435,000 $229,000 $7,169 6.45%
Mount Airy, NC (FHA|USDA|VA) 16 $3,310,000 $206,875 $5,644 6.56%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 12 $3,210,000 $267,500 $7,890 6.46%
BRUNSWICK, GA (FHA|USDA|VA) 11 $3,195,000 $290,455 $8,299 7.20%
Jefferson, GA (FHA|USDA|VA) 11 $3,155,000 $286,818 $11,403 6.62%
JACKSONVILLE, NC (FHA|USDA|VA) 10 $2,910,000 $291,000 $4,447 6.71%
Thomasville, GA (FHA|USDA|VA) 12 $2,880,000 $240,000 $8,209 5.65%
LAKE CHARLES, LA (FHA|USDA|VA) 10 $2,730,000 $273,000 $6,822 7.14%
Cedartown, GA (FHA|USDA|VA) 10 $2,650,000 $265,000 $7,452 6.86%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 8 $2,630,000 $328,750 $9,285 7.76%
WILMINGTON, NC (FHA|USDA|VA) 7 $2,575,000 $367,857 $7,506 6.98%
Bozeman, MT (FHA|USDA|VA) 5 $2,365,000 $473,000 $12,483 6.22%
Jasper, AL (FHA|USDA|VA) 5 $2,345,000 $469,000 $5,731 6.65%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 12 $2,310,000 $192,500 $8,022 6.96%
Batesville, AR (FHA|USDA|VA) 15 $2,175,000 $145,000 $6,688 6.28%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 13 $2,135,000 $164,231 $5,588 6.72%
HINESVILLE, GA (FHA|USDA|VA) 7 $2,045,000 $292,143 $9,614 6.48%
Georgetown, SC (FHA|USDA|VA) 7 $2,035,000 $290,714 $8,595 6.52%
SUMTER, SC (FHA|USDA|VA) 8 $1,970,000 $246,250 $5,893 6.31%
Newberry, SC (FHA|USDA|VA) 6 $1,920,000 $320,000 $7,075 6.81%
Cleveland, MS (FHA|USDA|VA) 10 $1,880,000 $188,000 $5,573 7.69%
Dayton, TN (FHA|USDA|VA) 6 $1,850,000 $308,333 $7,669 6.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 6 $1,850,000 $308,333 $8,282 6.87%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 4 $1,720,000 $430,000 $9,209 6.88%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 6 $1,670,000 $278,333 $5,597 6.42%
Boone, NC (FHA|USDA|VA) 2 $1,670,000 $835,000 $5,454 7.50%
HOT SPRINGS, AR (FHA|USDA|VA) 2 $1,610,000 $805,000 $6,664 6.88%
Moultrie, GA (FHA|USDA|VA) 7 $1,595,000 $227,857 $6,392 6.82%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 4 $1,590,000 $397,500 $7,068 6.90%
Lawrenceburg, TN (FHA|USDA|VA) 8 $1,550,000 $193,750 $5,378 6.47%
Eufaula, AL-GA (FHA|USDA|VA) 9 $1,515,000 $168,333 $7,244 6.79%
BATON ROUGE, LA (FHA|USDA|VA) 5 $1,495,000 $299,000 $6,013 6.55%
MORRISTOWN, TN (FHA|USDA|VA) 11 $1,485,000 $135,000 $3,716 7.52%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,445,000 $481,667 $9,275 6.17%
Heber, UT (FHA|USDA|VA) 1 $1,435,000 $1,435,000 $5,077 5.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,385,000 $461,667 $7,158 6.58%
JONESBORO, AR (FHA|USDA|VA) 5 $1,315,000 $263,000 $7,313 7.00%
Bluefield, WV-VA (FHA|USDA|VA) 10 $1,310,000 $131,000 $4,702 6.76%
Kill Devil Hills, NC (FHA|USDA|VA) 4 $1,300,000 $325,000 $11,936 6.66%
Richmond-Berea, KY (FHA|USDA|VA) 4 $1,300,000 $325,000 $3,985 6.72%
OCALA, FL (FHA|USDA|VA) 7 $1,295,000 $185,000 $3,741 7.79%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 4 $1,290,000 $322,500 $8,531 7.15%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $1,275,000 $425,000 $9,065 6.75%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $1,200,000 $600,000 $5,612 7.00%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 3 $1,165,000 $388,333 $12,216 6.63%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 3 $1,155,000 $385,000 $6,158 7.00%
Cullowhee, NC (FHA|USDA|VA) 3 $1,145,000 $381,667 $7,534 6.87%
Seneca, SC (FHA|USDA|VA) 4 $1,110,000 $277,500 $7,768 6.69%
Morehead City, NC (FHA|USDA|VA) 3 $1,095,000 $365,000 $8,089 7.08%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $1,075,000 $358,333 $10,887 6.33%
Cookeville, TN (FHA|USDA|VA) 6 $1,070,000 $178,333 $7,058 6.27%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 2 $1,030,000 $515,000 $22,487 7.24%
RICHMOND, VA (FHA|USDA|VA) 2 $1,030,000 $515,000 $5,558 6.44%
Summerville, GA (FHA|USDA|VA) 2 $990,000 $495,000 $10,995 7.75%
McComb, MS (FHA|USDA|VA) 6 $940,000 $156,667 $4,190 7.21%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2 $940,000 $470,000 $10,385 6.13%
Milledgeville, GA (FHA|USDA|VA) 2 $940,000 $470,000 $6,273 6.44%
Greenwood, MS (FHA|USDA|VA) 10 $930,000 $93,000 $2,145 7.81%
Danville, KY (FHA|USDA|VA) 7 $925,000 $132,143 $3,768 6.89%
Tifton, GA (FHA|USDA|VA) 4 $910,000 $227,500 $5,580 6.50%
ASHEVILLE, NC (FHA|USDA|VA) 3 $875,000 $291,667 $9,167 7.16%
HARRISONBURG, VA (FHA|USDA|VA) 4 $870,000 $217,500 $4,444 7.16%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 3 $865,000 $288,333 $4,976 6.88%
Crossville, TN (FHA|USDA|VA) 5 $855,000 $171,000 $5,034 6.60%
CLEVELAND, TN (FHA|USDA|VA) 3 $855,000 $285,000 $6,626 6.29%
Somerset, KY (FHA|USDA|VA) 2 $850,000 $425,000 $10,508 6.56%
Dublin, GA (FHA|USDA|VA) 7 $845,000 $120,714 $5,243 6.98%
Natchitoches, LA (FHA|USDA|VA) 4 $820,000 $205,000 $6,048 6.78%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 1 $805,000 $805,000 $10,391 6.50%
JACKSON, TN (FHA|USDA|VA) 5 $785,000 $157,000 $4,545 7.03%
SAN ANGELO, TX (FHA|USDA|VA) 2 $750,000 $375,000 $8,115 7.06%
Jesup, GA (FHA|USDA|VA) 3 $745,000 $248,333 $8,975 6.67%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $740,000 $370,000 $4,242 6.79%
Atmore, AL (FHA|USDA|VA) 5 $725,000 $145,000 $6,898 6.95%
Athens, TN (FHA|USDA|VA) 4 $720,000 $180,000 $6,506 6.72%
ROCKY MOUNT, NC (FHA|USDA|VA) 2 $720,000 $360,000 $12,000 7.00%
Paducah, KY-IL (FHA|USDA|VA) 3 $715,000 $238,333 $3,220 7.08%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $705,000 $705,000 $4,854 7.25%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 2 $690,000 $345,000 $10,075 6.50%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 2 $650,000 $325,000 $9,662 6.19%
FAYETTEVILLE, NC (FHA|USDA|VA) 3 $645,000 $215,000 $9,598 5.96%
STAUNTON, VA (FHA|USDA|VA) 2 $610,000 $305,000 $12,413 6.50%
BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) 1 $605,000 $605,000 $3,178 6.13%
Toccoa, GA (FHA|USDA|VA) 3 $585,000 $195,000 $5,298 6.58%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $580,000 $290,000 $8,446 7.44%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 2 $550,000 $275,000 $7,575 6.06%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 2 $550,000 $275,000 $7,027 6.44%
Gaffney, SC (FHA|USDA|VA) 2 $540,000 $270,000 $11,163 6.25%
Sevierville, TN (FHA|USDA|VA) 1 $535,000 $535,000 $7,153 5.88%
Danville, VA (FHA|USDA|VA) 2 $530,000 $265,000 $7,059 6.38%
THE VILLAGES, FL (FHA|USDA|VA) 1 $525,000 $525,000 $11,527 7.50%
Opelousas, LA (FHA|USDA|VA) 2 $520,000 $260,000 $5,462 7.25%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 2 $510,000 $255,000 $4,741 6.88%
FLORENCE, SC (FHA|USDA|VA) 2 $500,000 $250,000 $9,311 6.44%
Greeneville, TN (FHA|USDA|VA) 3 $485,000 $161,667 $9,087 7.25%
READING, PA (FHA|USDA|VA) 1 $485,000 $485,000 $6,308 6.25%
London, KY (FHA|USDA|VA) 3 $465,000 $155,000 $6,375 7.08%
MORGANTOWN, WV (FHA|USDA|VA) 2 $450,000 $225,000 $3,941 6.50%
Brownsville, TN (FHA|USDA|VA) 1 $405,000 $405,000 $5,323 7.13%
BOWLING GREEN, KY (FHA|USDA|VA) 2 $400,000 $200,000 $4,102 6.31%
Frankfort, KY (FHA|USDA|VA) 2 $400,000 $200,000 $5,623 6.06%
DeRidder, LA (FHA|USDA|VA) 2 $400,000 $200,000 $6,486 7.13%
MIDLAND, TX (FHA|USDA|VA) 1 $395,000 $395,000 $6,180 8.50%
Orangeburg, SC (FHA|USDA|VA) 2 $390,000 $195,000 $5,474 6.25%
Martinsville, VA (FHA|USDA|VA) 1 $385,000 $385,000 $8,175 6.13%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 1 $375,000 $375,000 $3,230 6.75%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 1 $365,000 $365,000 $4,118 5.75%
Albemarle, NC (FHA|USDA|VA) 1 $365,000 $365,000 $11,170 5.75%
Brookhaven, MS (FHA|USDA|VA) 1 $355,000 $355,000 $0 7.00%
Shelbyville, TN (FHA|USDA|VA) 1 $355,000 $355,000 $5,486 8.13%
Lake City, FL (FHA|USDA|VA) 3 $345,000 $115,000 $3,150 7.63%
WICHITA, KS (FHA|USDA|VA) 1 $345,000 $345,000 $10,071 5.75%
Greenville, MS (FHA|USDA|VA) 2 $330,000 $165,000 $5,166 7.00%
LONGVIEW, TX (FHA|USDA|VA) 1 $325,000 $325,000 $8,147 7.88%
Mayfield, KY (FHA|USDA|VA) 1 $325,000 $325,000 $4,415 7.38%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $12,522 5.00%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 2 $320,000 $160,000 $6,272 6.75%
Laurel, MS (FHA|USDA|VA) 1 $305,000 $305,000 $4,018 6.13%
Selma, AL (FHA|USDA|VA) 3 $295,000 $98,333 $6,841 5.00%
TUCSON, AZ (FHA|USDA|VA) 1 $295,000 $295,000 $3,915 5.88%
Greenwood, SC (FHA|USDA|VA) 2 $280,000 $140,000 $6,733 6.38%
LAFAYETTE, LA (FHA|USDA|VA) 2 $270,000 $135,000 $3,454 7.63%
Newport, TN (FHA|USDA|VA) 1 $265,000 $265,000 $0 7.38%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $255,000 $255,000 $4,920 6.25%
Indianola, MS (FHA|USDA|VA) 3 $245,000 $81,667 $3,321 7.22%
Helena-West Helena, AR (FHA|USDA|VA) 3 $245,000 $81,667 $3,769 6.75%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 1 $245,000 $245,000 $7,998 6.00%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $235,000 $235,000 $8,060 7.75%
WACO, TX (FHA|USDA|VA) 1 $235,000 $235,000 $0 6.99%
Henderson, NC (FHA|USDA|VA) 1 $235,000 $235,000 $7,955 7.38%
GREENVILLE, NC (FHA|USDA|VA) 1 $235,000 $235,000 $7,560 6.25%
Palatka, FL (FHA|USDA|VA) 1 $225,000 $225,000 $2,424 7.50%
Roanoke Rapids, NC (FHA|USDA|VA) 1 $225,000 $225,000 $9,549 5.75%
Brevard, NC (FHA|USDA|VA) 1 $225,000 $225,000 $11,251 7.63%
Rockingham, NC (FHA|USDA|VA) 1 $205,000 $205,000 $3,987 6.88%
Vidalia, GA (FHA|USDA|VA) 2 $200,000 $100,000 $7,473 7.93%
Clarksdale, MS (FHA|USDA|VA) 2 $170,000 $85,000 $4,395 7.63%
COLUMBUS, IN (FHA|USDA|VA) 1 $155,000 $155,000 $3,332 6.38%
El Dorado, AR (FHA|USDA|VA) 1 $145,000 $145,000 $5,170 6.88%
Forrest City, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,249 6.75%
Blytheville, AR (FHA|USDA|VA) 1 $135,000 $135,000 $3,850 6.25%
Fitzgerald, GA (FHA|USDA|VA) 1 $135,000 $135,000 $3,746 6.88%
Murray, KY (FHA|USDA|VA) 1 $125,000 $125,000 $3,925 8.00%
Sweetwater, TX (FHA|USDA|VA) 1 $115,000 $115,000 $5,118 8.00%
Madisonville, KY (FHA|USDA|VA) 1 $95,000 $95,000 $5,129 6.99%
Jennings, LA (FHA|USDA|VA) 1 $95,000 $95,000 $3,707 6.63%
Natchez, MS-LA (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.15%
Stillwater, OK (FHA|USDA|VA) 1 $85,000 $85,000 $5,207 7.63%
Lewisburg, TN (FHA|USDA|VA) 1 $65,000 $65,000 $0 8.25%
Renasant Bank's top markets include Atlanta, Birmingham, Nashville, Memphis, and Jackson among others.

Their top states include:
  • Alabama (FHA|USDA|VA)
  • Georgia (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 4,078 $1,239,970,000 $304,063 $5,735 6.71%
    HELOC 1,430 $222,290,000 $155,448 n/a 8.24%
    FHA 1,251 $306,625,000 $245,104 $9,810 6.45%
    VA 484 $165,520,000 $341,983 $8,185 6.23%
    USDA 267 $47,345,000 $177,322 $6,410 6.47%

    For 2023, Renasant Bank's most frequently originated type of loan was Conventional, with 4,078 originations. Their 2nd most popular type was HELOC, with 1,430 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 4,836 $1,451,160,000 $300,074 $7,242 6.47%
    Refi 1,349 $309,535,000 $229,455 $5,164 7.65%
    Other 653 $89,295,000 $136,746 $0 8.17%
    Cash Out Refi 358 $89,430,000 $249,804 $6,471 6.75%
    Home Improvement 314 $42,330,000 $134,809 $1,125 8.23%

    For 2023, Renasant Bank's most frequently cited loan purpose was Home Purchase, with 4,836 originations. The 2nd most popular reason was Refi, with 1,349 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 4,937 $1,486,685,000 $301,131 $7,198 6.56%
    10 Year 1,348 $184,480,000 $136,855 $1,299 7.96%
    5 Year 482 $80,210,000 $166,411 $479 6.91%
    Other 235 $61,445,000 $261,468 $2,367 8.05%
    15 Year 171 $33,285,000 $194,649 $4,597 6.41%
    1 Year 145 $36,995,000 $255,138 $1,463 8.25%
    30+ year 122 $83,670,000 $685,820 $7,676 7.02%
    20 Year 53 $10,925,000 $206,132 $4,020 6.63%
    3 Year 17 $4,055,000 $238,529 $0 8.14%

    For 2023, Renasant Bank's most frequently cited loan duration was 30 Year, with 4,937 originations. The 2nd most popular length was 10 Year, with 1,348 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,603 $510,355,000 $318,375
    $5k+ 914 $368,190,000 $402,834
    $2k-3k 877 $229,485,000 $261,670
    $3k-4k 717 $202,345,000 $282,211
    $<1k 698 $165,090,000 $236,519
    $4k-5k 444 $132,240,000 $297,838

    Renasant Bank's average total fees were $7,198, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,603 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 2,816 $836,450,000 $297,035
    7-8% 2,082 $526,850,000 $253,050
    Over 8% 1,304 $200,550,000 $153,796
    5-6% 1,151 $408,685,000 $355,070
    <2.5% 135 $785,000 $5,815
    4-5% 19 $8,125,000 $427,632

    During 2023, Renasant Bank's average interest rate for loans was 6.56%, while their most frequently originated rate bucket for loans was 6-7%, with 2,816 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 3,001 $846,625,000 $282,114 $7,543 6.73%
    $100k-200k 1,793 $267,465,000 $149,172 $5,335 7.11%
    $100,000 or less 1,567 $78,505,000 $50,099 $3,060 7.18%
    $400k-600k 736 $350,520,000 $476,250 $9,146 6.83%
    $600k-1MM 294 $217,100,000 $738,435 $8,185 6.63%
    $1MM+ 119 $221,535,000 $1,861,639 $10,278 6.72%

    2023 saw Renasant Bank place emphasis on $200k-400k loans with 3,001 originations, totaling $846,625,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 1,545 $401,865,000 $260,107 $7,468 7.03%
    $50k-75k 1,535 $268,685,000 $175,039 $6,568 6.42%
    $75k-100k 1,177 $254,745,000 $216,436 $7,168 6.86%
    $150k-250k 1,092 $353,840,000 $324,029 $7,883 7.15%
    $250k+ 876 $474,880,000 $542,100 $7,794 7.24%
    $50k or less 875 $94,055,000 $107,491 $4,956 6.64%

    Renasant Bank lent most frequently to those with incomes in the $100k-150k range, with 1,545 originations. The second most popular income band? $50k-75k, with 1,535 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 1,337 $346,065,000 $258,837 $6,024 7.07%
    30-36% 1,213 $312,675,000 $257,770 $6,441 6.93%
    <20% 543 $134,025,000 $246,823 $5,304 7.35%
    50-60% 530 $147,220,000 $277,774 $10,274 6.24%
    39% 441 $127,175,000 $288,379 $6,888 7.14%
    42% 294 $76,880,000 $261,497 $6,817 6.33%
    38% 279 $78,475,000 $281,272 $7,165 6.91%
    37% 261 $66,375,000 $254,310 $6,162 6.84%
    36% 254 $69,880,000 $275,118 $6,618 6.78%
    40% 219 $58,745,000 $268,242 $6,527 6.61%
    41% 210 $54,250,000 $258,333 $6,600 6.26%
    43% 208 $54,650,000 $262,740 $7,561 6.45%
    49% 192 $55,360,000 $288,333 $7,319 6.52%
    45% 178 $50,650,000 $284,551 $7,435 6.38%
    44% 169 $50,455,000 $298,550 $7,530 6.48%
    47% 158 $46,570,000 $294,747 $7,934 6.49%
    48% 144 $41,730,000 $289,792 $7,768 6.57%
    46% 141 $34,555,000 $245,071 $7,621 6.33%
    >60% 44 $8,930,000 $202,955 $3,215 6.96%

    Renasant Bank lent most frequently to those with DTI ratios of 20-30%, with 1,337 originations. The next most common DTI ratio? 30-36%, with 1,213 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 5,164 $1,343,610,000 $260,188 $6,653 6.98%
    Black 1,066 $235,570,000 $220,985 $8,101 6.31%
    Not provided 726 $204,980,000 $282,342 $7,290 6.98%
    Not applicable 334 $116,530,000 $348,892 $0 7.95%
    Asian 158 $63,100,000 $399,367 $7,172 6.89%
    American Indian 35 $7,985,000 $228,143 $7,929 6.32%
    Asian Indian 9 $4,445,000 $493,889 $8,532 6.44%
    Other Asian 9 $3,125,000 $347,222 $8,755 6.42%
    Chinese 3 $1,165,000 $388,333 $6,252 5.92%
    Filipino 2 $410,000 $205,000 $11,827 5.75%
    Vietnamese 1 $295,000 $295,000 $8,370 7.63%
    Other Pacific Islander 1 $275,000 $275,000 $10,850 5.75%
    Native Hawaiian or Islander 1 $155,000 $155,000 $3,459 6.25%
    Japanese 1 $105,000 $105,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    89.70%

    Renasant Bank has an average approval rate.

    Pick Rate

    Approvals leading to origination
    74.63%

    Renasant Bank has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 7,510 $1,981,750,000 $263,881

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    7,510 $1,981,750,000 $263,881

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 863 $129,715,000 $150,307 $3,966 7.85%
    40-60% 740 $209,960,000 $283,730 $5,071 7.30%
    60-80% 1,425 $459,505,000 $322,460 $6,405 7.05%
    80-100% 3,467 $1,077,795,000 $310,873 $7,435 6.59%
    Over 100% 145 $48,365,000 $333,552 $12,671 6.36%
    Under 20% 870 $56,410,000 $64,839 $1,277 6.86%