Bankplus Mortgage Rates, Fees & Info
Belzoni, MSLEI: 549300SFG15JDKI5MD22
Tax ID: 64-0134513
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Mortgage Data
Review & Overview
Bankplus is a smaller bank specializing in Home Purchase and Refi loans. Bankplus has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: Jackson, Crestview, New Orleans, Oxford, and Tupelo among others. We have data for 79 markets. (Some data included below & more in-depth data is available with an active subscription.)Bankplus 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. Bankplus is typically a low 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| Home Equity Line of Credit (HELOC) | 4.30% | 4/5/25 |
| 30 Year Conventional Purchase | 6.77% | 4/5/25 |
| 30 Year Conventional Refi | 6.93% | 4/5/25 |
| 30 Year Cash-out Refi | 6.99% | 4/5/25 |
| 30 Year FHA Purchase | 6.83% | 4/5/25 |
| 30 Year FHA Refi | 6.69% | 4/5/25 |
| 30 Year VA Purchase | 6.27% | 4/5/25 |
| 30 Year VA Refi | 6.72% | 4/5/25 |
| 30 Year USDA Purchase | 6.60% | 4/5/25 |
| 15 Year Conventional Purchase | 5.32% | 4/5/25 |
| 15 Year Conventional Refi | 6.15% | 4/5/25 |
| 15 Year Cash-out Refi | 6.15% | 4/5/25 |
| 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. | ||
Bankplus Mortgage Calculator
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This is not an official calculator from Bankplus. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
2,745Origination Dollar Volume (All Markets)
$740,605,000Awards
BankPlus - 2024
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For 2024, less than of lenders were eligible for this award.
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Relative Rate
Bankplus's average 30 year fixed mortgage rate was
6.48%.
The 2024 average 30 year fixed rate mortgage across all markets and lenders was 6.55%.
This yields a difference of -0.07%.
Relative Fees (Closing Costs)
Bankplus's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,358.
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 $8,356.
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 |
|---|---|---|---|---|---|
| JACKSON, MS (FHA|USDA|VA) | 906 | $180,980,000 | $199,757 | $3,929 | 7.12% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 118 | $99,050,000 | $839,407 | $8,788 | 6.74% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 167 | $86,435,000 | $517,575 | $5,658 | 7.37% |
| Oxford, MS (FHA|USDA|VA) | 183 | $63,545,000 | $347,240 | $4,381 | 7.26% |
| Tupelo, MS (FHA|USDA|VA) | 149 | $30,425,000 | $204,195 | $3,911 | 6.64% |
| MEMPHIS, TN-MS-AR (FHA|USDA|VA) | 141 | $29,755,000 | $211,028 | $4,324 | 6.95% |
| BATON ROUGE, LA (FHA|USDA|VA) | 74 | $29,650,000 | $400,676 | $4,319 | 7.69% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 73 | $28,875,000 | $395,548 | $5,447 | 6.52% |
| Outside of Metro Areas | 158 | $24,710,000 | $156,392 | $3,806 | 7.40% |
| MOBILE, AL (FHA|USDA|VA) | 83 | $21,735,000 | $261,867 | $4,119 | 6.58% |
| Picayune, MS (FHA|USDA|VA) | 97 | $15,005,000 | $154,691 | $3,799 | 6.94% |
| DOTHAN, AL (FHA|USDA|VA) | 62 | $11,770,000 | $189,839 | $5,463 | 7.07% |
| Starkville, MS (FHA|USDA|VA) | 45 | $9,505,000 | $211,222 | $3,279 | 7.02% |
| HAMMOND, LA (FHA|USDA|VA) | 45 | $9,475,000 | $210,556 | $4,698 | 7.10% |
| PANAMA CITY, FL (FHA|USDA|VA) | 24 | $8,400,000 | $350,000 | $6,602 | 7.35% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 37 | $7,535,000 | $203,649 | $3,382 | 6.95% |
| BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) | 14 | $7,110,000 | $507,857 | $2,809 | 7.43% |
| Meridian, MS (FHA|USDA|VA) | 67 | $6,405,000 | $95,597 | $2,514 | 7.76% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 19 | $5,935,000 | $312,368 | $6,658 | 6.62% |
| Enterprise, AL (FHA|USDA|VA) | 20 | $5,780,000 | $289,000 | $3,645 | 6.74% |
| HATTIESBURG, MS (FHA|USDA|VA) | 23 | $5,385,000 | $234,130 | $4,914 | 6.90% |
| Grenada, MS (FHA|USDA|VA) | 39 | $5,195,000 | $133,205 | $4,353 | 7.45% |
| Brookhaven, MS (FHA|USDA|VA) | 51 | $4,245,000 | $83,235 | $2,353 | 7.70% |
| NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) | 10 | $4,080,000 | $408,000 | $6,329 | 7.07% |
| ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) | 7 | $3,675,000 | $525,000 | $7,315 | 6.15% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 2 | $2,430,000 | $1,215,000 | $15,901 | 7.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 6 | $1,760,000 | $293,333 | $4,460 | 6.26% |
| Cleveland, MS (FHA|USDA|VA) | 16 | $1,680,000 | $105,000 | $3,442 | 6.38% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 5 | $1,585,000 | $317,000 | $6,171 | 7.19% |
| Ozark, AL (FHA|USDA|VA) | 8 | $1,580,000 | $197,500 | $7,281 | 7.63% |
| Natchez, MS-LA (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $6,029 | 7.86% |
| AUBURN-OPELIKA, AL (FHA|USDA|VA) | 5 | $1,355,000 | $271,000 | $2,460 | 7.92% |
| Greenwood, MS (FHA|USDA|VA) | 11 | $1,325,000 | $120,455 | $2,043 | 7.85% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $1,260,000 | $630,000 | $6,315 | 6.50% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $1,055,000 | $1,055,000 | $0 | 7.50% |
| MONTGOMERY, AL (FHA|USDA|VA) | 2 | $980,000 | $490,000 | $7,023 | 6.75% |
| Greenville, MS (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $5,627 | 6.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $920,000 | $460,000 | $9,163 | 7.06% |
| HUNTSVILLE, AL (FHA|USDA|VA) | 3 | $885,000 | $295,000 | $0 | 9.17% |
| FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $3,374 | 6.54% |
| Talladega-Sylacauga, AL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $4,066 | 8.44% |
| TULSA, OK (FHA|USDA|VA) | 1 | $765,000 | $765,000 | $5,567 | 6.00% |
| BOWLING GREEN, KY (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $3,094 | 6.25% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $695,000 | $695,000 | $5,821 | 7.45% |
| West Point, MS (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $5,173 | 7.25% |
| Bogalusa, LA (FHA|USDA|VA) | 2 | $620,000 | $310,000 | $0 | 7.63% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $3,593 | 6.88% |
| SPRINGFIELD, MO (FHA|USDA|VA) | 1 | $585,000 | $585,000 | $6,496 | 6.63% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $565,000 | $565,000 | $9,233 | 7.75% |
| TUSCALOOSA, AL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $2,406 | 7.13% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $11,510 | 6.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $545,000 | $545,000 | $4,218 | 7.45% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $6,355 | 7.00% |
| DECATUR, IL (FHA|USDA|VA) | 1 | $525,000 | $525,000 | $2,704 | 7.00% |
| Indianola, MS (FHA|USDA|VA) | 5 | $485,000 | $97,000 | $1,253 | 7.65% |
| Alexander City, AL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $4,144 | 6.50% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 4.99% |
| JEFFERSON CITY, MO (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $2,875 | 7.45% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 7.95% |
| MONROE, LA (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $4,934 | 6.31% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $1,528 | 7.45% |
| McComb, MS (FHA|USDA|VA) | 9 | $365,000 | $40,556 | $999 | 9.33% |
| Eufaula, AL-GA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $7,321 | 7.38% |
| CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,153 | 6.50% |
| KNOXVILLE, TN (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $6,576 | 8.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 9.50% |
| AKRON, OH (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $0 | 4.99% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,145 | 6.13% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,638 | 6.65% |
| Laurel, MS (FHA|USDA|VA) | 3 | $255,000 | $85,000 | $0 | 7.25% |
| Vicksburg, MS (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $0 | 6.37% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,949 | 6.63% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 4.99% |
| Cullman, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.75% |
| DECATUR, AL (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $0 | 8.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $3,520 | 7.25% |
| GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,493 | 6.75% |
| Opelousas, LA (FHA|USDA|VA) | 1 | $35,000 | $35,000 | $0 | 8.75% |
| Corinth, MS (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 4.99% |
Similar Lenders
We use machine learning to identify the top lenders compared against BankPlus based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2024, Bankplus's most frequently originated type of loan was Conventional, with 1,676 originations. Their 2nd most popular type was HELOC, with 863 originations.
Loan Reason
For 2024, Bankplus's most frequently cited loan purpose was Home Purchase, with 1,411 originations. The 2nd most popular reason was Refi, with 764 originations.
Loan Duration/Length
For 2024, Bankplus's most frequently cited loan duration was Other, with 1,385 originations. The 2nd most popular length was 30 Year, with 788 originations.
Origination Fees/Closing Costs
Bankplus's average total fees were $5,358, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 740 originations.
Interest Rates
During 2024, Bankplus's average interest rate for loans was 6.48%, while their most frequently originated rate bucket for loans was Over 8%, with 855 originations.
Loan Sizing
2024 saw Bankplus place emphasis on $100,000 or less loans with 869 originations, totaling $44,045,000 in origination value.
Applicant Income
Bankplus lent most frequently to those with incomes in the $250k+ range, with 490 originations. The second most popular income band? $100k-150k, with 474 originations.
Applicant Debt to Income Ratio
Bankplus lent most frequently to those with DTI ratios of 20-30%, with 482 originations. The next most common DTI ratio? 30-36%, with 405 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications89.29%
Bankplus has an average approval rate.
Pick Rate
Approvals leading to origination80.26%
Bankplus has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| 105.0 | 6 | $100,000 | $16,667 |
| 115.5 | 1 | $15,000 | $15,000 |
| 1225.0 | 1 | $85,000 | $85,000 |
| 178.0 | 1 | $5,000 | $5,000 |
| 653.0 | 1 | $35,000 | $35,000 |
| 763.0 | 1 | $45,000 | $45,000 |
| 80.0 | 1 | $5,000 | $5,000 |
| 949.0 | 1 | $65,000 | $65,000 |
| NA | 2,732 | $740,250,000 | $270,955 |