Bancorpsouth Mortgage Rates, Fees & Info

Tupelo, MS

LEI: Q7C315HKI8VX0SSKBS64

Tax ID: 64-0117230

5 stars - Updated: 2/26/24 - out of 5 stars, based on 126 reviews

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

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Mortgage Data

Review & Overview

Bancorpsouth is a mid-sized mortgage company specializing in Home Purchase loans. Bancorpsouth 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: Houston, Dallas, Memphis, Jackson, and Austin among others. We have data for 245 markets. (Some data included below & more in-depth data is available with an active subscription.)

Bancorpsouth 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. Bancorpsouth 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 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.

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% 2/26/24
30 Year Conventional Purchase 6.62% 2/26/24
30 Year Conventional Refi 6.67% 2/26/24
30 Year Cash-out Refi 6.90% 2/26/24
30 Year FHA Purchase 7.27% 2/26/24
30 Year FHA Refi 7.32% 2/26/24
30 Year VA Purchase 6.37% 2/26/24
30 Year VA Refi 6.07% 2/26/24
30 Year USDA Purchase 6.77% 2/26/24
30 Year USDA Refi 7.14% 2/26/24
15 Year Conventional Purchase 6.14% 2/26/24
15 Year Conventional Refi 6.37% 2/26/24
15 Year Cash-out Refi 6.37% 2/26/24
15 Year FHA Purchase 5.68% 2/26/24
15 Year FHA Refi 7.70% 2/26/24
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.

Bancorpsouth Mortgage Calculator






Your Estimates

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

This is not an official calculator from Bancorpsouth. 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

15,850

Origination Dollar Volume (All Markets)

$4,336,190,000
Show all (40) awards

Relative Rate

Bancorpsouth's average 30 year fixed mortgage rate was 4.79%.

The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

This yields a difference of 0.03%.

Relative Fees (Closing Costs)

Bancorpsouth's average total fees/closing costs for a 30 year fixed rate mortgage were $5,976.

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 $4,750.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,177 $611,105,000 $519,206 $8,713 4.80%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 588 $355,680,000 $604,898 $8,805 4.76%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 1,147 $228,735,000 $199,420 $5,031 4.58%
JACKSON, MS (FHA|USDA|VA) 1,210 $227,250,000 $187,810 $4,971 4.37%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 331 $209,835,000 $633,943 $8,558 4.48%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 617 $176,725,000 $286,426 $5,666 4.48%
Outside of Metro Areas 999 $175,465,000 $175,641 $4,417 4.57%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 698 $170,930,000 $244,885 $4,443 4.58%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 292 $127,150,000 $435,445 $4,645 4.60%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 577 $124,395,000 $215,589 $4,410 4.57%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 341 $120,605,000 $353,680 $6,502 4.81%
Tupelo, MS (FHA|USDA|VA) 624 $94,260,000 $151,058 $4,236 4.55%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 231 $88,285,000 $382,186 $5,548 4.71%
HUNTSVILLE, AL (FHA|USDA|VA) 326 $78,560,000 $240,982 $4,931 4.60%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 154 $77,460,000 $502,987 $7,083 4.56%
MOBILE, AL (FHA|USDA|VA) 337 $72,645,000 $215,564 $4,168 4.84%
SPRINGFIELD, MO (FHA|USDA|VA) 345 $59,285,000 $171,841 $3,497 4.87%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 281 $52,105,000 $185,427 $4,697 4.61%
TUSCALOOSA, AL (FHA|USDA|VA) 171 $46,035,000 $269,211 $4,598 4.66%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 249 $45,905,000 $184,357 $3,897 4.67%
Starkville, MS (FHA|USDA|VA) 211 $44,385,000 $210,355 $5,044 4.71%
BATON ROUGE, LA (FHA|USDA|VA) 204 $41,670,000 $204,265 $4,307 4.81%
PANAMA CITY, FL (FHA|USDA|VA) 96 $40,740,000 $424,375 $6,396 4.45%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 141 $40,235,000 $285,355 $3,885 4.68%
HATTIESBURG, MS (FHA|USDA|VA) 251 $38,825,000 $154,681 $4,040 4.41%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 110 $38,680,000 $351,636 $5,063 4.82%
FORT SMITH, AR-OK (FHA|USDA|VA) 257 $36,195,000 $140,837 $3,330 4.59%
JACKSON, TN (FHA|USDA|VA) 241 $36,015,000 $149,440 $3,446 4.56%
TYLER, TX (FHA|USDA|VA) 100 $35,180,000 $351,800 $5,688 4.42%
LONGVIEW, TX (FHA|USDA|VA) 162 $32,820,000 $202,593 $4,978 4.75%
Oxford, MS (FHA|USDA|VA) 138 $29,590,000 $214,420 $4,258 4.65%
LAFAYETTE, LA (FHA|USDA|VA) 128 $28,090,000 $219,453 $5,805 4.41%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 64 $23,720,000 $370,625 $4,906 4.28%
MONROE, LA (FHA|USDA|VA) 129 $22,865,000 $177,248 $4,775 4.57%
Albertville, AL (FHA|USDA|VA) 152 $22,590,000 $148,618 $4,676 4.52%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 68 $21,100,000 $310,294 $9,495 4.33%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 36 $19,540,000 $542,778 $9,657 4.60%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 36 $18,870,000 $524,167 $8,098 4.38%
TEXARKANA, TX-AR (FHA|USDA|VA) 102 $18,590,000 $182,255 $4,955 5.00%
SHERMAN-DENISON, TX (FHA|USDA|VA) 48 $18,420,000 $383,750 $7,501 4.83%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 86 $18,350,000 $213,372 $4,350 4.66%
Columbus, MS (FHA|USDA|VA) 140 $17,970,000 $128,357 $3,627 4.32%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 54 $17,080,000 $316,296 $5,686 4.87%
Nacogdoches, TX (FHA|USDA|VA) 85 $16,855,000 $198,294 $4,564 4.77%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 18 $15,560,000 $864,444 $8,706 4.31%
ST. LOUIS, MO-IL (FHA|USDA|VA) 85 $15,385,000 $181,000 $3,377 4.90%
WACO, TX (FHA|USDA|VA) 64 $14,830,000 $231,719 $5,389 4.97%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 81 $14,455,000 $178,457 $4,423 4.57%
Vicksburg, MS (FHA|USDA|VA) 98 $13,800,000 $140,816 $4,423 4.33%
LAKE CHARLES, LA (FHA|USDA|VA) 47 $13,625,000 $289,894 $5,495 4.52%
MONTGOMERY, AL (FHA|USDA|VA) 61 $13,465,000 $220,738 $4,313 5.04%
Scottsboro, AL (FHA|USDA|VA) 61 $12,995,000 $213,033 $3,693 4.70%
Lufkin, TX (FHA|USDA|VA) 67 $12,945,000 $193,209 $4,297 4.56%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 60 $12,930,000 $215,500 $3,662 4.41%
Laurel, MS (FHA|USDA|VA) 120 $12,480,000 $104,000 $3,887 4.52%
CORPUS CHRISTI, TX (FHA|USDA|VA) 14 $10,650,000 $760,714 $9,624 4.07%
JONESBORO, AR (FHA|USDA|VA) 84 $10,560,000 $125,714 $3,142 4.63%
Lebanon, MO (FHA|USDA|VA) 2 $10,100,000 $5,050,000 $6,104 4.75%
CLEVELAND, TN (FHA|USDA|VA) 48 $9,840,000 $205,000 $4,751 4.96%
HOT SPRINGS, AR (FHA|USDA|VA) 35 $9,405,000 $268,714 $3,648 4.41%
JACKSONVILLE, FL (FHA|USDA|VA) 13 $8,205,000 $631,154 $13,352 4.26%
KNOXVILLE, TN (FHA|USDA|VA) 21 $8,085,000 $385,000 $5,005 4.83%
Kalispell, MT (FHA|USDA|VA) 2 $7,510,000 $3,755,000 $13,435 4.50%
Grenada, MS (FHA|USDA|VA) 52 $7,090,000 $136,346 $4,822 4.70%
BRUNSWICK, GA (FHA|USDA|VA) 2 $6,930,000 $3,465,000 $27,478 4.09%
Corinth, MS (FHA|USDA|VA) 56 $6,820,000 $121,786 $4,014 4.45%
West Point, MS (FHA|USDA|VA) 59 $6,485,000 $109,915 $3,591 4.49%
Cullman, AL (FHA|USDA|VA) 17 $6,395,000 $376,176 $4,872 4.62%
DECATUR, AL (FHA|USDA|VA) 34 $6,390,000 $187,941 $4,462 5.01%
ALEXANDRIA, LA (FHA|USDA|VA) 43 $6,255,000 $145,465 $3,630 4.81%
WARNER ROBINS, GA (FHA|USDA|VA) 36 $5,940,000 $165,000 $6,054 4.95%
Athens, TX (FHA|USDA|VA) 13 $5,725,000 $440,385 $5,552 4.88%
Picayune, MS (FHA|USDA|VA) 7 $5,725,000 $817,857 $5,032 4.04%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 9 $5,615,000 $623,889 $5,563 4.28%
OKLAHOMA CITY, OK (FHA|USDA|VA) 15 $5,355,000 $357,000 $3,393 4.26%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 8 $5,340,000 $667,500 $8,749 4.25%
El Dorado, AR (FHA|USDA|VA) 37 $5,335,000 $144,189 $3,584 4.60%
Talladega-Sylacauga, AL (FHA|USDA|VA) 14 $5,170,000 $369,286 $3,199 4.88%
SAVANNAH, GA (FHA|USDA|VA) 8 $5,090,000 $636,250 $6,917 4.28%
Cleveland, MS (FHA|USDA|VA) 28 $4,930,000 $176,071 $5,668 4.86%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 5 $4,895,000 $979,000 $6,339 4.43%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 9 $4,475,000 $497,222 $4,076 4.78%
Paragould, AR (FHA|USDA|VA) 37 $4,355,000 $117,703 $3,465 4.65%
Alexander City, AL (FHA|USDA|VA) 9 $4,305,000 $478,333 $4,059 5.00%
Edwards, CO (FHA|USDA|VA) 2 $3,970,000 $1,985,000 $10,910 4.00%
GAINESVILLE, FL (FHA|USDA|VA) 9 $3,795,000 $421,667 $4,428 4.71%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 7 $3,655,000 $522,143 $6,563 3.96%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $3,345,000 $477,857 $7,221 4.55%
Steamboat Springs, CO (FHA|USDA|VA) 3 $3,195,000 $1,065,000 $10,179 4.75%
Bonham, TX (FHA|USDA|VA) 9 $3,145,000 $349,444 $9,282 4.88%
Gainesville, TX (FHA|USDA|VA) 3 $3,115,000 $1,038,333 $13,116 4.88%
Camden, AR (FHA|USDA|VA) 44 $3,080,000 $70,000 $3,149 4.54%
VICTORIA, TX (FHA|USDA|VA) 3 $3,055,000 $1,018,333 $6,592 4.25%
GADSDEN, AL (FHA|USDA|VA) 24 $2,990,000 $124,583 $4,210 4.55%
KANSAS CITY, MO-KS (FHA|USDA|VA) 8 $2,980,000 $372,500 $3,579 4.78%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $2,950,000 $1,475,000 $20,629 3.94%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 15 $2,875,000 $191,667 $5,518 4.35%
RALEIGH-CARY, NC (FHA|USDA|VA) 3 $2,715,000 $905,000 $6,500 5.00%
Magnolia, AR (FHA|USDA|VA) 25 $2,695,000 $107,800 $1,844 4.22%
Ruston, LA (FHA|USDA|VA) 10 $2,540,000 $254,000 $4,179 4.56%
OCALA, FL (FHA|USDA|VA) 6 $2,480,000 $413,333 $7,283 3.83%
Breckenridge, CO (FHA|USDA|VA) 1 $2,435,000 $2,435,000 $4,353 3.75%
GAINESVILLE, GA (FHA|USDA|VA) 9 $2,385,000 $265,000 $5,224 4.61%
ASHEVILLE, NC (FHA|USDA|VA) 4 $2,360,000 $590,000 $7,297 4.13%
Sevierville, TN (FHA|USDA|VA) 5 $2,325,000 $465,000 $7,810 4.60%
Durango, CO (FHA|USDA|VA) 3 $2,245,000 $748,333 $5,970 3.50%
Fredericksburg, TX (FHA|USDA|VA) 5 $2,245,000 $449,000 $8,180 4.33%
DALTON, GA (FHA|USDA|VA) 10 $2,210,000 $221,000 $5,464 4.90%
Branson, MO (FHA|USDA|VA) 8 $2,210,000 $276,250 $4,605 4.73%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 4 $2,160,000 $540,000 $4,940 5.63%
Jacksonville, TX (FHA|USDA|VA) 10 $2,140,000 $214,000 $6,385 5.06%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 10 $2,050,000 $205,000 $3,707 4.71%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $1,960,000 $980,000 $8,008 4.38%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 8 $1,960,000 $245,000 $4,009 4.42%
Opelousas, LA (FHA|USDA|VA) 11 $1,905,000 $173,182 $4,517 4.75%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 4 $1,890,000 $472,500 $8,182 4.57%
Searcy, AR (FHA|USDA|VA) 8 $1,880,000 $235,000 $3,217 4.51%
Hope, AR (FHA|USDA|VA) 27 $1,835,000 $67,963 $2,634 4.06%
Brenham, TX (FHA|USDA|VA) 2 $1,800,000 $900,000 $15,510 5.00%
Heber, UT (FHA|USDA|VA) 1 $1,755,000 $1,755,000 $25,162 3.25%
Martin, TN (FHA|USDA|VA) 22 $1,730,000 $78,636 $3,714 4.35%
LUBBOCK, TX (FHA|USDA|VA) 9 $1,705,000 $189,444 $9,829 4.88%
COLORADO SPRINGS, CO (FHA|USDA|VA) 3 $1,705,000 $568,333 $3,055 3.38%
Fort Payne, AL (FHA|USDA|VA) 11 $1,565,000 $142,273 $5,630 5.02%
Kerrville, TX (FHA|USDA|VA) 4 $1,560,000 $390,000 $5,835 5.00%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 7 $1,555,000 $222,143 $5,375 5.36%
Meridian, MS (FHA|USDA|VA) 12 $1,510,000 $125,833 $4,491 4.25%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $1,505,000 $501,667 $4,998 4.79%
Jasper, AL (FHA|USDA|VA) 7 $1,475,000 $210,714 $3,337 4.59%
LAWRENCE, KS (FHA|USDA|VA) 1 $1,315,000 $1,315,000 $9,550 3.38%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 3 $1,285,000 $428,333 $4,093 4.08%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 3 $1,225,000 $408,333 $3,941 4.83%
Glenwood Springs, CO (FHA|USDA|VA) 2 $1,200,000 $600,000 $0 4.38%
TALLAHASSEE, FL (FHA|USDA|VA) 3 $1,195,000 $398,333 $5,606 4.13%
Blytheville, AR (FHA|USDA|VA) 15 $1,185,000 $79,000 $3,318 4.98%
Mountain Home, AR (FHA|USDA|VA) 4 $1,180,000 $295,000 $6,435 4.81%
Athens, TN (FHA|USDA|VA) 5 $1,175,000 $235,000 $6,016 4.93%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 3 $1,145,000 $381,667 $4,603 4.58%
GREELEY, CO (FHA|USDA|VA) 2 $1,100,000 $550,000 $10,344 4.24%
Greenwood, MS (FHA|USDA|VA) 9 $1,095,000 $121,667 $4,082 5.50%
Port Lavaca, TX (FHA|USDA|VA) 2 $1,050,000 $525,000 $11,778 4.44%
WINSTON-SALEM, NC (FHA|USDA|VA) 3 $1,025,000 $341,667 $3,350 4.50%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $21,854 3.75%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 3 $975,000 $325,000 $4,367 4.71%
TULSA, OK (FHA|USDA|VA) 4 $950,000 $237,500 $3,608 3.28%
Greenville, MS (FHA|USDA|VA) 5 $925,000 $185,000 $5,584 4.30%
Arcadia, FL (FHA|USDA|VA) 1 $885,000 $885,000 $7,686 3.00%
JOPLIN, MO (FHA|USDA|VA) 6 $860,000 $143,333 $1,840 5.20%
LaGrange, GA-AL (FHA|USDA|VA) 5 $855,000 $171,000 $2,443 5.10%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $840,000 $420,000 $5,401 4.63%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 7 $835,000 $119,286 $4,622 4.09%
RICHMOND, VA (FHA|USDA|VA) 2 $810,000 $405,000 $4,279 5.00%
MIDLAND, TX (FHA|USDA|VA) 2 $810,000 $405,000 $5,733 4.50%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 3 $805,000 $268,333 $4,264 5.04%
Lewisburg, TN (FHA|USDA|VA) 4 $800,000 $200,000 $7,334 5.22%
DeRidder, LA (FHA|USDA|VA) 2 $780,000 $390,000 $3,388 4.06%
Morehead City, NC (FHA|USDA|VA) 1 $775,000 $775,000 $0 5.40%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $765,000 $765,000 $5,129 4.88%
Rockport, TX (FHA|USDA|VA) 1 $765,000 $765,000 $7,861 6.88%
Atmore, AL (FHA|USDA|VA) 5 $745,000 $149,000 $4,673 4.73%
HAMMOND, LA (FHA|USDA|VA) 4 $740,000 $185,000 $3,967 4.65%
Granbury, TX (FHA|USDA|VA) 2 $730,000 $365,000 $7,377 5.73%
Lawrenceburg, TN (FHA|USDA|VA) 6 $720,000 $120,000 $2,390 4.41%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 2 $700,000 $350,000 $9,853 4.81%
Minden, LA (FHA|USDA|VA) 7 $685,000 $97,857 $3,746 4.27%
Corsicana, TX (FHA|USDA|VA) 4 $680,000 $170,000 $4,789 5.35%
Natchez, MS-LA (FHA|USDA|VA) 2 $680,000 $340,000 $0 4.88%
ABILENE, TX (FHA|USDA|VA) 1 $675,000 $675,000 $13,953 4.00%
Jefferson, GA (FHA|USDA|VA) 2 $670,000 $335,000 $16,201 6.19%
PROVO-OREM, UT (FHA|USDA|VA) 1 $655,000 $655,000 $4,216 5.50%
THE VILLAGES, FL (FHA|USDA|VA) 1 $645,000 $645,000 $2,820 3.25%
Paris, TX (FHA|USDA|VA) 3 $635,000 $211,667 $4,573 6.38%
Mount Pleasant, TX (FHA|USDA|VA) 1 $635,000 $635,000 $7,457 4.50%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 2 $620,000 $310,000 $7,456 5.70%
Selma, AL (FHA|USDA|VA) 4 $610,000 $152,500 $5,754 5.35%
Warrensburg, MO (FHA|USDA|VA) 1 $605,000 $605,000 $0 4.25%
Alamogordo, NM (FHA|USDA|VA) 2 $590,000 $295,000 $4,119 4.69%
WICHITA FALLS, TX (FHA|USDA|VA) 1 $585,000 $585,000 $7,125 4.13%
Cullowhee, NC (FHA|USDA|VA) 1 $575,000 $575,000 $11,600 3.13%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $565,000 $565,000 $6,101 5.00%
JEFFERSON CITY, MO (FHA|USDA|VA) 1 $565,000 $565,000 $0 4.25%
Brownsville, TN (FHA|USDA|VA) 4 $560,000 $140,000 $8,034 4.59%
WILMINGTON, NC (FHA|USDA|VA) 1 $555,000 $555,000 $4,016 5.75%
COLUMBIA, MO (FHA|USDA|VA) 1 $525,000 $525,000 $2,509 3.88%
FLORENCE, SC (FHA|USDA|VA) 2 $520,000 $260,000 $3,985 4.81%
COLUMBUS, GA-AL (FHA|USDA|VA) 3 $505,000 $168,333 $0 4.92%
MANHATTAN, KS (FHA|USDA|VA) 2 $500,000 $250,000 $0 4.50%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 2 $500,000 $250,000 $3,614 5.13%
Palestine, TX (FHA|USDA|VA) 2 $500,000 $250,000 $6,192 5.19%
LAS CRUCES, NM (FHA|USDA|VA) 1 $495,000 $495,000 $3,929 3.63%
JACKSONVILLE, NC (FHA|USDA|VA) 2 $490,000 $245,000 $5,748 5.19%
Ozark, AL (FHA|USDA|VA) 1 $485,000 $485,000 $8,546 5.25%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 1 $475,000 $475,000 $5,628 4.75%
Uvalde, TX (FHA|USDA|VA) 1 $455,000 $455,000 $13,423 5.38%
BILLINGS, MT (FHA|USDA|VA) 1 $455,000 $455,000 $4,930 4.63%
SANTA FE, NM (FHA|USDA|VA) 1 $445,000 $445,000 $3,353 3.50%
Andrews, TX (FHA|USDA|VA) 1 $445,000 $445,000 $3,713 4.25%
McComb, MS (FHA|USDA|VA) 3 $425,000 $141,667 $3,200 3.67%
Vernon, TX (FHA|USDA|VA) 1 $425,000 $425,000 $0 4.25%
VALDOSTA, GA (FHA|USDA|VA) 1 $425,000 $425,000 $12,346 3.00%
EL PASO, TX (FHA|USDA|VA) 2 $420,000 $210,000 $4,514 4.31%
Thomasville, GA (FHA|USDA|VA) 1 $405,000 $405,000 $8,692 5.50%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 1 $405,000 $405,000 $0 4.99%
PEORIA, IL (FHA|USDA|VA) 1 $395,000 $395,000 $2,832 4.00%
COLUMBIA, SC (FHA|USDA|VA) 2 $390,000 $195,000 $5,694 4.88%
Indianola, MS (FHA|USDA|VA) 3 $385,000 $128,333 $4,401 5.04%
PORT ST. LUCIE, FL (FHA|USDA|VA) 1 $365,000 $365,000 $0 5.50%
Taos, NM (FHA|USDA|VA) 1 $355,000 $355,000 $7,608 3.13%
AMARILLO, TX (FHA|USDA|VA) 1 $345,000 $345,000 $5,477 5.50%
Ada, OK (FHA|USDA|VA) 1 $305,000 $305,000 $3,807 4.38%
Paris, TN (FHA|USDA|VA) 2 $300,000 $150,000 $0 4.13%
Crossville, TN (FHA|USDA|VA) 1 $295,000 $295,000 $4,118 5.88%
West Plains, MO (FHA|USDA|VA) 2 $290,000 $145,000 $3,435 3.63%
Durant, OK (FHA|USDA|VA) 2 $290,000 $145,000 $8,282 4.19%
GREENVILLE, NC (FHA|USDA|VA) 3 $285,000 $95,000 $2,073 4.38%
Mineral Wells, TX (FHA|USDA|VA) 1 $285,000 $285,000 $0 7.50%
Brookhaven, MS (FHA|USDA|VA) 1 $285,000 $285,000 $3,995 4.25%
Greenwood, SC (FHA|USDA|VA) 1 $275,000 $275,000 $4,217 3.88%
Harrison, AR (FHA|USDA|VA) 1 $275,000 $275,000 $7,979 5.50%
Milledgeville, GA (FHA|USDA|VA) 1 $265,000 $265,000 $7,253 3.00%
ROME, GA (FHA|USDA|VA) 1 $255,000 $255,000 $4,108 5.50%
Dayton, TN (FHA|USDA|VA) 1 $245,000 $245,000 $7,356 6.75%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY (FHA|USDA|VA) 1 $245,000 $245,000 $0 5.25%
Arkadelphia, AR (FHA|USDA|VA) 2 $230,000 $115,000 $0 5.12%
Troy, AL (FHA|USDA|VA) 2 $230,000 $115,000 $2,808 5.00%
Morgan City, LA (FHA|USDA|VA) 1 $225,000 $225,000 $0 5.50%
PINE BLUFF, AR (FHA|USDA|VA) 1 $205,000 $205,000 $3,835 6.38%
Enterprise, AL (FHA|USDA|VA) 1 $195,000 $195,000 $0 4.25%
LAWTON, OK (FHA|USDA|VA) 1 $195,000 $195,000 $0 5.50%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 1 $185,000 $185,000 $2,060 4.75%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $185,000 $185,000 $7,663 3.50%
Stephenville, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,086 3.50%
WICHITA, KS (FHA|USDA|VA) 1 $155,000 $155,000 $2,548 3.25%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 1 $145,000 $145,000 $0 4.88%
HINESVILLE, GA (FHA|USDA|VA) 2 $120,000 $60,000 $3,433 4.94%
Shelbyville, TN (FHA|USDA|VA) 1 $105,000 $105,000 $0 6.25%
Jesup, GA (FHA|USDA|VA) 1 $95,000 $95,000 $4,522 5.88%
ST. JOSEPH, MO-KS (FHA|USDA|VA) 1 $85,000 $85,000 $0 6.15%
Waycross, GA (FHA|USDA|VA) 1 $65,000 $65,000 $0 5.75%
Clarksdale, MS (FHA|USDA|VA) 1 $55,000 $55,000 $0 4.00%
Forrest City, AR (FHA|USDA|VA) 1 $55,000 $55,000 $0 3.99%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.25%
DOTHAN, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 3.25%
Bluefield, WV-VA (FHA|USDA|VA) 1 $35,000 $35,000 $0 5.38%
Thomaston, GA (FHA|USDA|VA) 1 $25,000 $25,000 $0 3.50%
Bancorpsouth's top markets include Houston, Dallas, Memphis, Jackson, and Austin among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Mississippi (FHA|USDA|VA)
  • Alabama (FHA|USDA|VA)
  • Tennessee (FHA|USDA|VA)
  • Florida (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 9,032 $3,333,630,000 $369,091 $5,162 4.73%
    HELOC 5,355 $661,665,000 $123,560 n/a 4.38%
    FHA 1,090 $232,520,000 $213,321 $7,599 4.74%
    VA 226 $82,220,000 $363,805 $8,299 4.65%
    USDA 147 $26,155,000 $177,925 $5,559 4.69%

    For 2022, Bancorpsouth's most frequently originated type of loan was Conventional, with 9,032 originations. Their 2nd most popular type was HELOC, with 5,355 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 7,905 $2,852,515,000 $360,849 $5,769 4.77%
    Refi 3,842 $817,430,000 $212,762 $4,534 4.52%
    Other 3,030 $353,060,000 $116,521 $1,744 4.40%
    Cash Out Refi 539 $164,985,000 $306,095 $5,020 4.16%
    Home Improvement 534 $148,200,000 $277,528 $9,279 4.59%

    For 2022, Bancorpsouth's most frequently cited loan purpose was Home Purchase, with 7,905 originations. The 2nd most popular reason was Refi, with 3,842 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 7,478 $2,773,960,000 $370,949 $5,976 4.79%
    10 Year 4,474 $491,000,000 $109,745 $697 4.01%
    20 Year 1,350 $355,810,000 $263,563 $4,121 4.88%
    Other 1,262 $403,170,000 $319,469 $2,309 5.64%
    15 Year 1,014 $230,670,000 $227,485 $3,465 4.22%
    1 Year 170 $37,440,000 $220,235 $0 5.11%
    5 Year 71 $19,105,000 $269,085 $345 4.76%
    3 Year 16 $4,400,000 $275,000 $115 5.10%
    30+ year 15 $20,635,000 $1,375,667 $19,511 3.10%

    For 2022, Bancorpsouth's most frequently cited loan duration was 30 Year, with 7,478 originations. The 2nd most popular length was 10 Year, with 4,474 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 3,198 $721,430,000 $225,588
    $1k-2k 2,895 $1,105,345,000 $381,812
    $2k-3k 742 $192,180,000 $259,003
    $5k+ 585 $411,555,000 $703,513
    $3k-4k 568 $206,080,000 $362,817
    $4k-5k 423 $271,095,000 $640,887

    Bancorpsouth's average total fees were $5,976, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,198 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 5,691 $1,477,545,000 $259,628
    4-5% 4,225 $1,357,785,000 $321,369
    5-6% 3,523 $964,165,000 $273,677
    6-7% 1,821 $366,295,000 $201,150
    2.5-3% 283 $127,655,000 $451,078
    7-8% 162 $30,040,000 $185,432
    <2.5% 140 $12,160,000 $86,857
    Over 8% 5 $545,000 $109,000

    During 2022, Bancorpsouth's average interest rate for loans was 4.79%, while their most frequently originated rate bucket for loans was 3-4%, with 5,691 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 4,685 $245,865,000 $52,479 $1,963 4.44%
    $200k-400k 4,462 $1,242,240,000 $278,404 $5,650 4.74%
    $100k-200k 4,055 $590,945,000 $145,732 $4,080 4.74%
    $400k-600k 1,298 $623,670,000 $480,485 $6,454 4.61%
    $600k-1MM 829 $620,595,000 $748,607 $8,102 4.45%
    $1MM+ 521 $1,012,875,000 $1,944,098 $15,442 4.27%

    2022 saw Bancorpsouth place emphasis on $100,000 or less loans with 4,685 originations, totaling $245,865,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,886 $597,310,000 $206,968 $5,516 4.60%
    $50k-75k 2,548 $399,990,000 $156,982 $4,763 4.65%
    $150k-250k 2,437 $696,845,000 $285,944 $6,151 4.59%
    $250k+ 2,302 $1,359,690,000 $590,656 $8,971 4.44%
    $75k-100k 1,930 $346,100,000 $179,326 $5,278 4.70%
    $50k or less 1,817 $189,925,000 $104,527 $3,435 4.49%

    Bancorpsouth lent most frequently to those with incomes in the $100k-150k range, with 2,886 originations. The second most popular income band? $50k-75k, with 2,548 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 3,633 $863,805,000 $237,766 $5,223 4.54%
    30-36% 2,630 $701,080,000 $266,570 $5,291 4.59%
    <20% 2,483 $510,445,000 $205,576 $5,116 4.38%
    39% 736 $191,210,000 $259,796 $6,056 4.62%
    42% 529 $195,325,000 $369,234 $6,161 4.85%
    38% 525 $145,215,000 $276,600 $5,584 4.66%
    36% 508 $155,770,000 $306,634 $5,946 4.67%
    37% 483 $128,715,000 $266,491 $5,431 4.71%
    41% 457 $165,565,000 $362,287 $5,942 4.80%
    40% 431 $151,735,000 $352,053 $6,035 4.67%
    44% 380 $87,880,000 $231,263 $5,217 4.71%
    50-60% 344 $83,700,000 $243,314 $7,708 4.82%
    43% 277 $62,815,000 $226,769 $5,165 4.62%
    49% 172 $42,870,000 $249,244 $5,771 4.41%
    46% 145 $35,745,000 $246,517 $6,067 4.49%
    45% 140 $35,370,000 $252,643 $5,509 4.56%
    47% 132 $33,900,000 $256,818 $5,718 4.49%
    48% 126 $32,820,000 $260,476 $6,069 4.66%
    >60% 70 $10,590,000 $151,286 $2,354 4.82%

    Bancorpsouth lent most frequently to those with DTI ratios of 20-30%, with 3,633 originations. The next most common DTI ratio? 30-36%, with 2,630 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 10,695 $2,657,405,000 $248,472 $5,422 4.57%
    Not applicable 1,615 $690,105,000 $427,310 $0 4.90%
    Not provided 1,381 $486,675,000 $352,408 $6,359 4.65%
    Black 1,755 $364,325,000 $207,593 $5,506 4.59%
    Asian 258 $99,810,000 $386,860 $6,753 4.52%
    American Indian 70 $21,810,000 $311,571 $5,810 4.77%
    Asian Indian 29 $5,785,000 $199,483 $5,620 4.63%
    Other Asian 12 $3,070,000 $255,833 $0 4.23%
    Native Hawaiian or Islander 11 $2,815,000 $255,909 $4,938 4.53%
    Other Pacific Islander 9 $1,775,000 $197,222 $9,336 4.29%
    Japanese 2 $830,000 $415,000 $0 3.38%
    Vietnamese 7 $795,000 $113,571 $0 4.39%
    Filipino 3 $395,000 $131,667 $0 5.33%
    Chinese 2 $360,000 $180,000 $0 5.25%
    Korean 1 $235,000 $235,000 $0 6.20%

    Approval Rates

    Total approvals of all applications
    85.46%

    Bancorpsouth has an average approval rate.

    Pick Rate

    Approvals leading to origination
    77.39%

    Bancorpsouth has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 15,850 $4,336,190,000 $273,577

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    15,850 $4,336,190,000 $273,577

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 2,383 $321,585,000 $134,950 $3,183 4.43%
    40-60% 1,620 $520,600,000 $321,358 $5,324 4.52%
    60-80% 3,387 $1,349,555,000 $398,451 $6,090 4.69%
    80-100% 5,515 $1,888,585,000 $342,445 $5,901 4.82%
    Over 100% 227 $82,475,000 $363,326 $6,811 4.29%
    Under 20% 2,716 $171,880,000 $63,284 $615 4.32%