Bancorpsouth Mortgage Rates, Fees & Info

Tupelo, MS

LEI: Q7C315HKI8VX0SSKBS64

Tax ID: 64-0117230

5 stars - Updated: 6/17/24 - out of 5 stars, based on 110 reviews

Latest/2023 | 2022 Data | 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, Jackson, Memphis, and Nashville among others. We have data for 230 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 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% 6/17/24
30 Year Conventional Purchase 6.62% 6/17/24
30 Year Conventional Refi 6.67% 6/17/24
30 Year Cash-out Refi 6.90% 6/17/24
30 Year FHA Purchase 7.27% 6/17/24
30 Year FHA Refi 7.32% 6/17/24
30 Year VA Purchase 6.37% 6/17/24
30 Year VA Refi 6.07% 6/17/24
30 Year USDA Purchase 6.77% 6/17/24
30 Year USDA Refi 7.14% 6/17/24
15 Year Conventional Purchase 6.14% 6/17/24
15 Year Conventional Refi 6.37% 6/17/24
15 Year Cash-out Refi 6.37% 6/17/24
15 Year FHA Purchase 5.68% 6/17/24
15 Year FHA Refi 7.70% 6/17/24
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

12,015

Origination Dollar Volume (All Markets)

$3,256,905,000
Show all (63) awards

Relative Rate

Bancorpsouth's average 30 year fixed mortgage rate was 6.41%.

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

This yields a difference of -0.07%.

Relative Fees (Closing Costs)

Bancorpsouth's average total fees/closing costs for a 30 year fixed rate mortgage were $7,064.

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
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 1,024 $570,830,000 $557,451 $9,810 6.62%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 521 $280,345,000 $538,090 $10,150 6.72%
JACKSON, MS (FHA|USDA|VA) 973 $184,915,000 $190,046 $5,932 6.79%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 819 $136,795,000 $167,027 $5,582 7.52%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 394 $131,480,000 $333,706 $5,639 7.31%
Outside of Metro Areas 788 $131,150,000 $166,434 $4,920 7.20%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 227 $130,175,000 $573,458 $9,481 6.80%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 307 $107,845,000 $351,287 $6,582 6.84%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 424 $103,500,000 $244,104 $4,951 7.35%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 408 $82,900,000 $203,186 $4,623 7.22%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 194 $69,220,000 $356,804 $6,681 7.05%
Tupelo, MS (FHA|USDA|VA) 424 $59,510,000 $140,354 $4,484 7.36%
SPRINGFIELD, MO (FHA|USDA|VA) 267 $57,615,000 $215,787 $3,612 7.42%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 108 $52,910,000 $489,907 $8,079 7.15%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 164 $52,450,000 $319,817 $5,015 7.23%
MOBILE, AL (FHA|USDA|VA) 230 $45,270,000 $196,826 $4,946 7.04%
HUNTSVILLE, AL (FHA|USDA|VA) 199 $41,795,000 $210,025 $5,540 7.42%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 231 $37,375,000 $161,797 $4,697 7.32%
Starkville, MS (FHA|USDA|VA) 162 $37,130,000 $229,198 $6,281 6.98%
TYLER, TX (FHA|USDA|VA) 97 $34,865,000 $359,433 $6,690 6.79%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 100 $32,250,000 $322,500 $4,450 7.07%
PANAMA CITY, FL (FHA|USDA|VA) 67 $30,425,000 $454,104 $8,085 7.06%
BATON ROUGE, LA (FHA|USDA|VA) 139 $29,925,000 $215,288 $5,689 7.50%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 91 $29,225,000 $321,154 $6,551 7.31%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 158 $28,630,000 $181,203 $3,826 7.54%
TUSCALOOSA, AL (FHA|USDA|VA) 98 $28,530,000 $291,122 $5,606 7.08%
FORT SMITH, AR-OK (FHA|USDA|VA) 227 $25,345,000 $111,652 $3,562 7.24%
Oxford, MS (FHA|USDA|VA) 126 $24,950,000 $198,016 $4,479 7.56%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 78 $24,730,000 $317,051 $6,330 6.89%
JACKSON, TN (FHA|USDA|VA) 226 $24,510,000 $108,451 $3,218 7.76%
SHERMAN-DENISON, TX (FHA|USDA|VA) 61 $24,095,000 $395,000 $8,361 6.93%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 39 $23,855,000 $611,667 $10,746 6.63%
LONGVIEW, TX (FHA|USDA|VA) 100 $23,850,000 $238,500 $6,423 7.18%
AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) 106 $23,700,000 $223,585 $7,674 7.13%
HATTIESBURG, MS (FHA|USDA|VA) 177 $23,275,000 $131,497 $4,446 7.62%
ST. LOUIS, MO-IL (FHA|USDA|VA) 59 $18,715,000 $317,203 $5,066 7.10%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 44 $17,550,000 $398,864 $6,146 6.47%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 92 $17,110,000 $185,978 $6,246 7.44%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 38 $16,320,000 $429,474 $7,531 7.12%
Albertville, AL (FHA|USDA|VA) 99 $15,985,000 $161,465 $4,455 7.76%
LAFAYETTE, LA (FHA|USDA|VA) 90 $15,600,000 $173,333 $5,484 7.46%
TEXARKANA, TX-AR (FHA|USDA|VA) 78 $13,540,000 $173,590 $4,595 7.22%
Lufkin, TX (FHA|USDA|VA) 54 $12,440,000 $230,370 $5,934 7.32%
LAKE CHARLES, LA (FHA|USDA|VA) 37 $12,215,000 $330,135 $4,973 7.33%
WACO, TX (FHA|USDA|VA) 46 $12,040,000 $261,739 $6,688 7.06%
Columbus, MS (FHA|USDA|VA) 78 $11,620,000 $148,974 $4,279 7.34%
MONROE, LA (FHA|USDA|VA) 84 $11,310,000 $134,643 $4,294 7.76%
CLEVELAND, TN (FHA|USDA|VA) 45 $10,865,000 $241,444 $5,517 6.48%
Nacogdoches, TX (FHA|USDA|VA) 50 $10,810,000 $216,200 $6,016 7.36%
SAVANNAH, GA (FHA|USDA|VA) 18 $10,260,000 $570,000 $9,645 7.29%
Vicksburg, MS (FHA|USDA|VA) 82 $9,990,000 $121,829 $4,589 6.32%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 13 $9,565,000 $735,769 $8,572 7.13%
AUBURN-OPELIKA, AL (FHA|USDA|VA) 65 $9,465,000 $145,615 $5,228 7.51%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 25 $9,135,000 $365,400 $6,968 7.03%
JONESBORO, AR (FHA|USDA|VA) 54 $9,030,000 $167,222 $4,201 7.54%
ATHENS-CLARKE COUNTY, GA (FHA|USDA|VA) 38 $8,730,000 $229,737 $7,209 7.24%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 8 $8,670,000 $1,083,750 $7,475 6.43%
CORPUS CHRISTI, TX (FHA|USDA|VA) 10 $8,310,000 $831,000 $9,715 6.45%
WARNER ROBINS, GA (FHA|USDA|VA) 35 $7,685,000 $219,571 $5,229 7.25%
Alexander City, AL (FHA|USDA|VA) 7 $7,175,000 $1,025,000 $8,233 7.68%
Laurel, MS (FHA|USDA|VA) 75 $7,075,000 $94,333 $3,327 7.68%
Scottsboro, AL (FHA|USDA|VA) 40 $7,070,000 $176,750 $6,255 7.43%
GAINESVILLE, GA (FHA|USDA|VA) 14 $6,990,000 $499,286 $232 8.24%
MONTGOMERY, AL (FHA|USDA|VA) 27 $6,645,000 $246,111 $6,148 7.19%
Cleveland, MS (FHA|USDA|VA) 41 $6,605,000 $161,098 $5,583 6.25%
Corinth, MS (FHA|USDA|VA) 51 $6,525,000 $127,941 $5,028 7.56%
West Point, MS (FHA|USDA|VA) 52 $4,990,000 $95,962 $2,745 7.25%
GAINESVILLE, FL (FHA|USDA|VA) 10 $4,690,000 $469,000 $7,866 6.15%
Brenham, TX (FHA|USDA|VA) 7 $4,555,000 $650,714 $9,971 6.82%
ALEXANDRIA, LA (FHA|USDA|VA) 26 $4,330,000 $166,538 $2,811 7.76%
HOT SPRINGS, AR (FHA|USDA|VA) 23 $4,025,000 $175,000 $3,220 7.40%
Glenwood Springs, CO (FHA|USDA|VA) 2 $3,740,000 $1,870,000 $5,002 6.69%
KNOXVILLE, TN (FHA|USDA|VA) 9 $3,715,000 $412,778 $4,830 6.46%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 4 $3,620,000 $905,000 $11,773 6.14%
Sevierville, TN (FHA|USDA|VA) 7 $3,515,000 $502,143 $10,419 8.07%
Hope, AR (FHA|USDA|VA) 31 $3,445,000 $111,129 $2,913 7.74%
Steamboat Springs, CO (FHA|USDA|VA) 3 $3,395,000 $1,131,667 $3,946 7.54%
DECATUR, AL (FHA|USDA|VA) 27 $3,245,000 $120,185 $3,021 7.23%
Athens, TX (FHA|USDA|VA) 9 $3,135,000 $348,333 $6,489 5.98%
Cullowhee, NC (FHA|USDA|VA) 2 $3,010,000 $1,505,000 $12,165 6.94%
El Dorado, AR (FHA|USDA|VA) 26 $2,950,000 $113,462 $3,722 7.57%
KANSAS CITY, MO-KS (FHA|USDA|VA) 10 $2,860,000 $286,000 $2,822 6.75%
COLUMBIA, MO (FHA|USDA|VA) 3 $2,695,000 $898,333 $2,815 6.76%
GADSDEN, AL (FHA|USDA|VA) 19 $2,665,000 $140,263 $3,292 7.55%
Paragould, AR (FHA|USDA|VA) 27 $2,545,000 $94,259 $3,153 7.74%
Huntsville, TX (FHA|USDA|VA) 5 $2,535,000 $507,000 $8,731 6.68%
LUBBOCK, TX (FHA|USDA|VA) 6 $2,520,000 $420,000 $5,479 6.42%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 2 $2,480,000 $1,240,000 $18,944 7.11%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 9 $2,425,000 $269,444 $5,754 6.89%
Bonham, TX (FHA|USDA|VA) 4 $2,330,000 $582,500 $11,567 7.40%
Cullman, AL (FHA|USDA|VA) 11 $2,325,000 $211,364 $5,730 6.98%
Branson, MO (FHA|USDA|VA) 5 $2,305,000 $461,000 $6,036 7.35%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 9 $2,235,000 $248,333 $5,999 7.00%
Breckenridge, CO (FHA|USDA|VA) 1 $2,175,000 $2,175,000 $5,681 5.50%
Grenada, MS (FHA|USDA|VA) 29 $2,175,000 $75,000 $3,432 7.27%
Fredericksburg, TX (FHA|USDA|VA) 2 $2,150,000 $1,075,000 $15,848 5.50%
Key West, FL (FHA|USDA|VA) 2 $2,100,000 $1,050,000 $15,048 5.50%
Camden, AR (FHA|USDA|VA) 26 $1,980,000 $76,154 $2,875 7.50%
Fort Payne, AL (FHA|USDA|VA) 16 $1,870,000 $116,875 $4,768 7.77%
TULSA, OK (FHA|USDA|VA) 3 $1,715,000 $571,667 $12,738 7.43%
Cookeville, TN (FHA|USDA|VA) 3 $1,685,000 $561,667 $7,045 5.38%
Jacksonville, TX (FHA|USDA|VA) 5 $1,675,000 $335,000 $5,562 7.05%
Ruston, LA (FHA|USDA|VA) 17 $1,675,000 $98,529 $7,136 7.62%
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 4 $1,590,000 $397,500 $4,422 5.64%
Magnolia, AR (FHA|USDA|VA) 20 $1,570,000 $78,500 $3,502 7.69%
Granbury, TX (FHA|USDA|VA) 1 $1,465,000 $1,465,000 $15,879 6.13%
ANNISTON-OXFORD, AL (FHA|USDA|VA) 12 $1,460,000 $121,667 $4,034 6.78%
Gainesville, TX (FHA|USDA|VA) 1 $1,455,000 $1,455,000 $17,272 6.50%
Jefferson, GA (FHA|USDA|VA) 4 $1,420,000 $355,000 $10,148 7.59%
DeRidder, LA (FHA|USDA|VA) 2 $1,390,000 $695,000 $11,350 7.13%
Mountain Home, AR (FHA|USDA|VA) 2 $1,330,000 $665,000 $3,205 7.08%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 8 $1,320,000 $165,000 $6,516 7.52%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 3 $1,315,000 $438,333 $6,178 6.38%
JACKSONVILLE, FL (FHA|USDA|VA) 4 $1,290,000 $322,500 $7,520 5.92%
OKLAHOMA CITY, OK (FHA|USDA|VA) 4 $1,200,000 $300,000 $4,199 6.42%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $1,195,000 $1,195,000 $10,787 5.03%
Atmore, AL (FHA|USDA|VA) 8 $1,180,000 $147,500 $7,967 7.48%
FLORENCE-MUSCLE SHOALS, AL (FHA|USDA|VA) 5 $1,165,000 $233,000 $3,668 6.56%
Greenwood, MS (FHA|USDA|VA) 7 $1,095,000 $156,429 $5,312 6.36%
Montrose, CO (FHA|USDA|VA) 1 $1,005,000 $1,005,000 $14,955 7.75%
RICHMOND, VA (FHA|USDA|VA) 2 $1,000,000 $500,000 $4,651 6.63%
Athens, TN (FHA|USDA|VA) 4 $980,000 $245,000 $3,962 6.47%
HAMMOND, LA (FHA|USDA|VA) 2 $960,000 $480,000 $3,637 7.63%
Moultrie, GA (FHA|USDA|VA) 1 $955,000 $955,000 $8,196 5.75%
SANTA FE, NM (FHA|USDA|VA) 1 $945,000 $945,000 $7,468 5.28%
BRUNSWICK, GA (FHA|USDA|VA) 1 $945,000 $945,000 $0 8.50%
Tullahoma-Manchester, TN (FHA|USDA|VA) 4 $920,000 $230,000 $11,563 7.12%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 2 $860,000 $430,000 $5,195 5.15%
RALEIGH-CARY, NC (FHA|USDA|VA) 2 $850,000 $425,000 $4,775 7.44%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 3 $825,000 $275,000 $6,060 5.92%
Stephenville, TX (FHA|USDA|VA) 2 $800,000 $400,000 $5,691 7.31%
Talladega-Sylacauga, AL (FHA|USDA|VA) 7 $795,000 $113,571 $4,939 7.09%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 3 $795,000 $265,000 $6,080 7.38%
Lewisburg, TN (FHA|USDA|VA) 1 $785,000 $785,000 $11,692 5.75%
BOULDER, CO (FHA|USDA|VA) 2 $770,000 $385,000 $0 8.00%
Picayune, MS (FHA|USDA|VA) 7 $735,000 $105,000 $6,064 7.30%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 1 $715,000 $715,000 $10,946 7.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $710,000 $355,000 $6,000 5.63%
Batesville, AR (FHA|USDA|VA) 3 $705,000 $235,000 $3,504 6.67%
Union City, TN (FHA|USDA|VA) 2 $700,000 $350,000 $4,724 7.06%
MIDLAND, TX (FHA|USDA|VA) 2 $700,000 $350,000 $6,141 7.50%
Durant, OK (FHA|USDA|VA) 2 $690,000 $345,000 $14,503 7.50%
ASHEVILLE, NC (FHA|USDA|VA) 2 $690,000 $345,000 $4,158 6.38%
Meridian, MS (FHA|USDA|VA) 7 $675,000 $96,429 $4,501 6.83%
Farmington, MO (FHA|USDA|VA) 1 $675,000 $675,000 $5,035 7.25%
Bay City, TX (FHA|USDA|VA) 2 $670,000 $335,000 $6,614 7.31%
PUNTA GORDA, FL (FHA|USDA|VA) 2 $670,000 $335,000 $4,853 7.13%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $660,000 $330,000 $4,451 7.19%
Jasper, AL (FHA|USDA|VA) 4 $660,000 $165,000 $3,975 7.06%
Corsicana, TX (FHA|USDA|VA) 2 $660,000 $330,000 $10,835 7.06%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $660,000 $330,000 $5,316 5.53%
Martin, TN (FHA|USDA|VA) 8 $640,000 $80,000 $8,315 7.94%
Clarksdale, MS (FHA|USDA|VA) 4 $620,000 $155,000 $6,851 7.50%
TALLAHASSEE, FL (FHA|USDA|VA) 1 $575,000 $575,000 $0 9.00%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 2 $570,000 $285,000 $6,453 6.13%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 2 $560,000 $280,000 $5,831 6.19%
Minden, LA (FHA|USDA|VA) 5 $555,000 $111,000 $5,029 6.58%
Searcy, AR (FHA|USDA|VA) 4 $550,000 $137,500 $3,617 7.18%
ALBANY, GA (FHA|USDA|VA) 2 $530,000 $265,000 $2,939 6.38%
WINSTON-SALEM, NC (FHA|USDA|VA) 1 $525,000 $525,000 $4,044 5.28%
JOPLIN, MO (FHA|USDA|VA) 3 $525,000 $175,000 $7,727 7.48%
Natchitoches, LA (FHA|USDA|VA) 5 $525,000 $105,000 $3,444 7.88%
Brevard, NC (FHA|USDA|VA) 1 $525,000 $525,000 $5,101 6.50%
Malvern, AR (FHA|USDA|VA) 4 $520,000 $130,000 $4,917 6.59%
VALDOSTA, GA (FHA|USDA|VA) 3 $505,000 $168,333 $6,665 6.33%
Boone, NC (FHA|USDA|VA) 1 $495,000 $495,000 $8,956 4.90%
EL PASO, TX (FHA|USDA|VA) 2 $480,000 $240,000 $7,046 6.33%
St. Marys, GA (FHA|USDA|VA) 1 $475,000 $475,000 $5,274 7.13%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $475,000 $475,000 $4,655 5.63%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 3 $475,000 $158,333 $0 7.40%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 1 $465,000 $465,000 $13,324 6.03%
Shelbyville, TN (FHA|USDA|VA) 2 $460,000 $230,000 $10,466 6.06%
FORT WAYNE, IN (FHA|USDA|VA) 1 $445,000 $445,000 $3,024 5.88%
LaGrange, GA-AL (FHA|USDA|VA) 4 $420,000 $105,000 $5,149 7.31%
Greenville, MS (FHA|USDA|VA) 3 $405,000 $135,000 $5,212 6.79%
OWENSBORO, KY (FHA|USDA|VA) 1 $405,000 $405,000 $3,981 5.28%
Thomasville, GA (FHA|USDA|VA) 2 $400,000 $200,000 $4,741 7.25%
CHARLOTTESVILLE, VA (FHA|USDA|VA) 1 $395,000 $395,000 $9,007 5.15%
SAN ANGELO, TX (FHA|USDA|VA) 2 $390,000 $195,000 $10,656 7.00%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 1 $375,000 $375,000 $3,132 6.38%
Vidalia, GA (FHA|USDA|VA) 1 $375,000 $375,000 $11,423 5.88%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 1 $365,000 $365,000 $13,621 5.75%
Palestine, TX (FHA|USDA|VA) 1 $355,000 $355,000 $7,504 5.50%
Stillwater, OK (FHA|USDA|VA) 1 $355,000 $355,000 $7,643 5.03%
Russellville, AR (FHA|USDA|VA) 1 $355,000 $355,000 $0 7.40%
Blytheville, AR (FHA|USDA|VA) 6 $350,000 $58,333 $783 8.02%
Ponca City, OK (FHA|USDA|VA) 1 $315,000 $315,000 $5,947 7.00%
Lawrenceburg, TN (FHA|USDA|VA) 3 $305,000 $101,667 $2,902 7.33%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 1 $305,000 $305,000 $6,886 6.50%
Troy, AL (FHA|USDA|VA) 1 $295,000 $295,000 $0 7.49%
Cedartown, GA (FHA|USDA|VA) 2 $280,000 $140,000 $3,864 7.44%
Union, SC (FHA|USDA|VA) 1 $275,000 $275,000 $9,654 6.00%
DALTON, GA (FHA|USDA|VA) 1 $275,000 $275,000 $9,383 7.00%
AMARILLO, TX (FHA|USDA|VA) 1 $275,000 $275,000 $6,679 6.75%
Uvalde, TX (FHA|USDA|VA) 1 $265,000 $265,000 $10,625 8.00%
Rolla, MO (FHA|USDA|VA) 1 $265,000 $265,000 $5,290 7.38%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 2 $260,000 $130,000 $3,990 6.87%
Seneca, SC (FHA|USDA|VA) 1 $255,000 $255,000 $3,560 5.75%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 1 $255,000 $255,000 $4,689 7.88%
Dyersburg, TN (FHA|USDA|VA) 2 $220,000 $110,000 $3,524 7.19%
ABILENE, TX (FHA|USDA|VA) 2 $210,000 $105,000 $0 7.70%
Brownwood, TX (FHA|USDA|VA) 2 $210,000 $105,000 $4,160 7.44%
Bogalusa, LA (FHA|USDA|VA) 2 $210,000 $105,000 $4,737 7.44%
Brownsville, TN (FHA|USDA|VA) 3 $205,000 $68,333 $2,769 8.04%
COLUMBIA, SC (FHA|USDA|VA) 1 $205,000 $205,000 $0 7.75%
Opelousas, LA (FHA|USDA|VA) 2 $190,000 $95,000 $3,470 6.88%
Kerrville, TX (FHA|USDA|VA) 1 $185,000 $185,000 $6,861 6.00%
Crossville, TN (FHA|USDA|VA) 1 $185,000 $185,000 $3,579 7.63%
Mayfield, KY (FHA|USDA|VA) 1 $175,000 $175,000 $5,965 7.00%
JACKSONVILLE, NC (FHA|USDA|VA) 1 $175,000 $175,000 $3,976 6.50%
Lamesa, TX (FHA|USDA|VA) 1 $165,000 $165,000 $6,395 6.88%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 1 $165,000 $165,000 $8,577 7.00%
El Campo, TX (FHA|USDA|VA) 1 $165,000 $165,000 $4,497 7.25%
COLUMBUS, GA-AL (FHA|USDA|VA) 2 $160,000 $80,000 $0 7.06%
Cordele, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 8.50%
Kennett, MO (FHA|USDA|VA) 1 $145,000 $145,000 $0 6.90%
Lebanon, MO (FHA|USDA|VA) 2 $140,000 $70,000 $2,317 7.94%
Jennings, LA (FHA|USDA|VA) 1 $125,000 $125,000 $4,077 6.88%
Eufaula, AL-GA (FHA|USDA|VA) 2 $120,000 $60,000 $4,267 7.50%
OCALA, FL (FHA|USDA|VA) 1 $105,000 $105,000 $2,777 7.38%
Natchez, MS-LA (FHA|USDA|VA) 2 $100,000 $50,000 $2,635 3.35%
McMinnville, TN (FHA|USDA|VA) 1 $95,000 $95,000 $0 8.25%
Summerville, GA (FHA|USDA|VA) 1 $95,000 $95,000 $5,968 7.13%
PINE BLUFF, AR (FHA|USDA|VA) 2 $90,000 $45,000 $3,714 7.63%
Brookhaven, MS (FHA|USDA|VA) 2 $80,000 $40,000 $2,439 6.69%
Indianola, MS (FHA|USDA|VA) 2 $80,000 $40,000 $2,115 2.95%
Arkadelphia, AR (FHA|USDA|VA) 2 $50,000 $25,000 $0 8.75%
Enterprise, AL (FHA|USDA|VA) 1 $45,000 $45,000 $0 5.75%
Paris, TN (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.50%
Forrest City, AR (FHA|USDA|VA) 1 $45,000 $45,000 $0 7.00%
Bancorpsouth's top markets include Houston, Dallas, Jackson, Memphis, and Nashville 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)
  • Similar Lenders

    We use machine learning to identify the top lenders compared against BancorpSouth 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

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 6,299 $2,367,995,000 $375,932 $5,988 6.62%
    HELOC 4,338 $535,600,000 $123,467 n/a 8.15%
    FHA 1,074 $248,960,000 $231,806 $8,469 6.33%
    VA 216 $88,480,000 $409,630 $7,807 6.38%
    USDA 88 $15,870,000 $180,341 $5,825 6.33%

    For 2023, Bancorpsouth's most frequently originated type of loan was Conventional, with 6,299 originations. Their 2nd most popular type was HELOC, with 4,338 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 6,340 $2,454,340,000 $387,120 $6,979 6.46%
    Other 2,739 $324,505,000 $118,476 $1,379 8.05%
    Refi 2,639 $413,915,000 $156,845 $3,574 7.80%
    Home Improvement 153 $24,925,000 $162,908 $1,523 7.80%
    Cash Out Refi 144 $39,220,000 $272,361 $5,752 6.89%

    For 2023, Bancorpsouth's most frequently cited loan purpose was Home Purchase, with 6,340 originations. The 2nd most popular reason was Other, with 2,739 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 5,757 $2,319,215,000 $402,851 $7,064 6.41%
    Other 4,535 $617,945,000 $136,261 $2,482 8.09%
    20 Year 807 $192,095,000 $238,036 $3,865 7.34%
    15 Year 389 $62,205,000 $159,910 $2,536 7.07%
    10 Year 339 $18,255,000 $53,850 $350 5.71%
    1 Year 158 $34,170,000 $216,266 $170 8.60%
    5 Year 24 $7,200,000 $300,000 $368 7.35%
    3 Year 6 $5,820,000 $970,000 $733 8.07%

    For 2023, Bancorpsouth's most frequently cited loan duration was 30 Year, with 5,757 originations. The 2nd most popular length was Other, with 4,535 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 2,651 $1,031,105,000 $388,949
    $<1k 1,391 $218,695,000 $157,221
    $5k+ 782 $513,420,000 $656,547
    $2k-3k 640 $173,590,000 $271,234
    $3k-4k 475 $155,705,000 $327,800
    $4k-5k 459 $275,695,000 $600,643

    Bancorpsouth's average total fees were $7,064, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 2,651 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 3,609 $1,160,515,000 $321,561
    7-8% 3,484 $727,410,000 $208,786
    Over 8% 2,855 $414,895,000 $145,322
    5-6% 1,788 $853,250,000 $477,209
    4-5% 163 $96,365,000 $591,196
    <2.5% 103 $1,065,000 $10,340
    3-4% 9 $2,805,000 $311,667
    2.5-3% 4 $600,000 $150,000

    During 2023, Bancorpsouth's average interest rate for loans was 6.41%, while their most frequently originated rate bucket for loans was 6-7%, with 3,609 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 3,912 $198,930,000 $50,851 $1,721 7.67%
    $200k-400k 3,314 $927,790,000 $279,961 $6,549 6.75%
    $100k-200k 2,587 $375,975,000 $145,332 $4,614 7.35%
    $400k-600k 1,022 $490,240,000 $479,687 $7,610 6.58%
    $600k-1MM 739 $557,155,000 $753,931 $9,353 6.54%
    $1MM+ 441 $706,815,000 $1,602,755 $15,654 6.48%

    2023 saw Bancorpsouth place emphasis on $100,000 or less loans with 3,912 originations, totaling $198,930,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 2,264 $445,950,000 $196,974 $6,275 7.22%
    $250k+ 2,042 $1,271,370,000 $622,610 $9,901 7.04%
    $150k-250k 1,956 $554,940,000 $283,712 $6,783 7.21%
    $50k-75k 1,832 $259,510,000 $141,654 $5,035 6.88%
    $75k-100k 1,545 $259,955,000 $168,256 $5,998 7.13%
    $50k or less 1,119 $96,605,000 $86,332 $3,685 6.90%

    Bancorpsouth lent most frequently to those with incomes in the $100k-150k range, with 2,264 originations. The second most popular income band? $250k+, with 2,042 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 2,560 $595,200,000 $232,500 $5,689 7.26%
    30-36% 2,071 $564,095,000 $272,378 $6,248 7.10%
    <20% 1,749 $341,475,000 $195,240 $5,786 7.62%
    39% 638 $174,340,000 $273,260 $6,958 7.33%
    42% 466 $193,720,000 $415,708 $7,543 6.59%
    38% 424 $126,490,000 $298,325 $6,694 6.93%
    37% 406 $131,290,000 $323,374 $6,491 7.04%
    40% 362 $146,770,000 $405,442 $6,961 6.65%
    36% 359 $116,365,000 $324,136 $6,878 6.98%
    41% 343 $140,835,000 $410,598 $7,411 6.55%
    50-60% 327 $87,535,000 $267,691 $8,331 6.40%
    44% 323 $67,995,000 $210,511 $5,790 6.96%
    43% 218 $56,990,000 $261,422 $6,168 6.76%
    49% 137 $34,675,000 $253,102 $6,251 6.20%
    48% 128 $32,310,000 $252,422 $6,925 6.34%
    45% 124 $30,560,000 $246,452 $6,864 6.14%
    46% 113 $30,115,000 $266,504 $7,026 6.32%
    47% 109 $28,885,000 $265,000 $6,654 6.20%
    >60% 81 $16,015,000 $197,716 $2,707 6.92%

    Bancorpsouth lent most frequently to those with DTI ratios of 20-30%, with 2,560 originations. The next most common DTI ratio? 30-36%, with 2,071 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,127 $2,065,095,000 $254,103 $6,204 7.18%
    Not provided 1,090 $423,550,000 $388,578 $7,535 6.90%
    Not applicable 1,067 $333,005,000 $312,095 $0 7.69%
    Black 1,398 $299,700,000 $214,378 $6,525 6.80%
    Asian 224 $109,490,000 $488,795 $8,271 6.49%
    American Indian 48 $13,540,000 $282,083 $6,224 6.69%
    Asian Indian 18 $3,880,000 $215,556 $8,339 7.89%
    Other Asian 16 $3,230,000 $201,875 $4,992 7.93%
    Other Pacific Islander 7 $1,905,000 $272,143 $275 8.14%
    Native Hawaiian or Islander 6 $1,110,000 $185,000 $5,864 6.75%
    Filipino 4 $1,000,000 $250,000 $224 7.86%
    Korean 2 $540,000 $270,000 $0 8.25%
    Vietnamese 3 $505,000 $168,333 $10,148 7.92%
    Japanese 2 $190,000 $95,000 $275 7.25%
    Chinese 2 $140,000 $70,000 $0 8.38%
    Guamanian 1 $25,000 $25,000 $0 8.50%

    Approval Rates

    Total approvals of all applications
    82.30%

    Bancorpsouth has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    77.86%

    Bancorpsouth has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 12,015 $3,256,905,000 $271,070

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    12,015 $3,256,905,000 $271,070

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 1,997 $274,745,000 $137,579 $3,181 7.89%
    40-60% 1,161 $334,365,000 $287,997 $5,618 7.40%
    60-80% 2,123 $860,875,000 $405,499 $7,389 6.98%
    80-100% 4,132 $1,558,980,000 $377,294 $7,098 6.58%
    Over 100% 235 $93,005,000 $395,766 $8,406 5.78%
    Under 20% 2,364 $133,250,000 $56,366 $516 7.65%