Top Mortgage Lenders in the Tupelo, MS area

Which mortgage lender in the Tupelo, MS area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Tupelo, MS area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Tupelo, MS area is Trustmark National Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.08%. This means that Trustmark National Bank provided a -0.08% lower interest rate for its customers than other lenders in Tupelo, MS for a similar set of borrowers. Trustmark National Bank has a market share of 5.6%. On the other hand, the most popular lender in the market is BancorpSouth Bank, with a market share of 25.4%. BancorpSouth Bank is also a relatively cheap lender, with a “Rate Difference” of -0.06% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Tupelo, MS area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Tupelo, MS is Trustmark National Bank. If you want to take out a loan that is above conforming limits (for example, above $510,400 in 2020), the cheapest Jumbo mortgage provider is Renasant Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Trustmark National Bank. The cheapest VA mortgage provider is Caliber Home Loans Inc. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.08% 5.60%
BancorpSouth Bank 2, -0.06% 25.35%
Bankplus 3, -0.05% 4.13%
Renasant Bank 4, -0.05% 20.73%
Caliber Home Loans Inc 5, -0.01% 2.80%
Community Bank Of Mississippi 6, -0.01% 3.29%
Regions Bank 7, 0.01% 5.60%
Quicken Loans 8, 0.07% 12.82%
Primelending 9, 0.09% 4.97%
Flagstar Bank 10, 0.12% 12.54%
Guild Mortgage Company 11, 0.16% 2.17%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
BancorpSouth Bank 1, -0.08% 28.90%
Renasant Bank 2, -0.06% 17.86%
Trustmark National Bank 3, -0.06% 4.44%
Bankplus 4, -0.05% 4.22%
Regions Bank 5, -0.03% 6.49%
Caliber Home Loans Inc 6, -0.01% 3.03%
Community Bank Of Mississippi 7, 0.01% 3.25%
Quicken Loans 8, 0.08% 6.28%
Primelending 9, 0.09% 6.17%
Flagstar Bank 10, 0.14% 16.02%
Guild Mortgage Company 11, 0.17% 3.35%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.12% 7.74%
Bankplus 2, -0.05% 3.97%
Renasant Bank 3, -0.04% 25.99%
Community Bank Of Mississippi 4, -0.04% 3.37%
BancorpSouth Bank 5, -0.01% 18.85%
Caliber Home Loans Inc 6, 0.00% 2.38%
Flagstar Bank 7, 0.02% 6.15%
Quicken Loans 8, 0.06% 24.80%
Primelending 9, 0.07% 2.78%
Regions Bank 10, 0.14% 3.97%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.07% 6.30%
Bankplus 2, -0.04% 4.67%
BancorpSouth Bank 3, -0.04% 27.07%
Renasant Bank 4, -0.03% 25.22%
Community Bank Of Mississippi 5, 0.01% 4.46%
Caliber Home Loans Inc 6, 0.02% 2.39%
Regions Bank 7, 0.04% 6.74%
Flagstar Bank 8, 0.04% 8.59%
Guild Mortgage Company 9, 0.07% 1.20%
Primelending 10, 0.08% 3.37%
Quicken Loans 11, 0.14% 10.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
BancorpSouth Bank 1, -0.04% 33.73%
Renasant Bank 2, -0.03% 20.68%
Bankplus 3, -0.02% 5.22%
Regions Bank 4, -0.00% 8.43%
Trustmark National Bank 5, 0.02% 4.62%
Caliber Home Loans Inc 6, 0.03% 2.41%
Community Bank Of Mississippi 7, 0.04% 4.82%
Flagstar Bank 8, 0.06% 10.64%
Guild Mortgage Company 9, 0.09% 2.21%
Primelending 10, 0.09% 3.82%
Quicken Loans 11, 0.12% 3.41%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.14% 8.29%
Bankplus 2, -0.06% 4.03%
Renasant Bank 3, -0.04% 30.57%
Community Bank Of Mississippi 4, -0.04% 4.03%
BancorpSouth Bank 5, -0.02% 19.19%
Caliber Home Loans Inc 6, -0.00% 2.37%
Flagstar Bank 7, 0.02% 6.16%
Primelending 8, 0.07% 2.84%
Quicken Loans 9, 0.12% 17.77%
Regions Bank 10, 0.14% 4.74%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.14% 4.43%
BancorpSouth Bank 2, -0.13% 22.84%
Renasant Bank 3, -0.10% 12.35%
Bankplus 4, -0.09% 2.56%
Regions Bank 5, -0.07% 3.03%
Caliber Home Loans Inc 6, -0.06% 2.80%
Community Bank Of Mississippi 7, -0.03% 0.70%
Quicken Loans 8, -0.00% 17.02%
Primelending 9, 0.08% 8.39%
Flagstar Bank 10, 0.18% 21.45%
Guild Mortgage Company 11, 0.20% 4.43%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.16% 4.61%
BancorpSouth Bank 2, -0.15% 23.58%
Bankplus 3, -0.12% 2.44%
Renasant Bank 4, -0.11% 13.82%
Regions Bank 5, -0.07% 3.52%
Caliber Home Loans Inc 6, -0.07% 2.71%
Community Bank Of Mississippi 7, -0.04% 0.81%
Quicken Loans 8, 0.04% 10.03%
Primelending 9, 0.08% 9.49%
Flagstar Bank 10, 0.18% 23.85%
Guild Mortgage Company 11, 0.20% 5.15%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 60.00%
BancorpSouth Bank 2, 0.01% 18.33%
Trustmark National Bank 3, 0.02% 3.33%
Renasant Bank 4, 0.02% 3.33%
Flagstar Bank 5, 0.03% 6.67%
Caliber Home Loans Inc 6, 0.03% 3.33%
Bankplus 7, 0.03% 3.33%
Primelending 8, 0.04% 1.67%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, 0.00% 33.33%
Quicken Loans 2, 0.00% 33.33%
Regions Bank 3, 0.00% 33.33%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, 0.00% 50.00%
Regions Bank 2, 0.00% 50.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, 0.00% 100.00%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Caliber Home Loans Inc 1, -0.04% 7.89%
Bankplus 2, -0.03% 6.58%
Quicken Loans 3, -0.01% 22.37%
Community Bank Of Mississippi 4, -0.01% 3.95%
BancorpSouth Bank 5, -0.00% 19.74%
Trustmark National Bank 6, -0.00% 3.95%
Guild Mortgage Company 7, 0.00% 1.32%
Regions Bank 8, 0.01% 5.26%
Flagstar Bank 9, 0.01% 10.53%
Renasant Bank 10, 0.03% 13.16%
Primelending 11, 0.04% 5.26%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Caliber Home Loans Inc 1, -0.05% 10.91%
Bankplus 2, -0.04% 7.27%
Trustmark National Bank 3, -0.02% 1.82%
Community Bank Of Mississippi 4, -0.01% 5.45%
BancorpSouth Bank 5, -0.01% 21.82%
Guild Mortgage Company 6, -0.00% 1.82%
Regions Bank 7, 0.01% 7.27%
Flagstar Bank 8, 0.01% 12.73%
Renasant Bank 9, 0.03% 18.18%
Quicken Loans 10, 0.03% 7.27%
Primelending 11, 0.05% 5.45%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 61.90%
BancorpSouth Bank 2, 0.02% 14.29%
Flagstar Bank 3, 0.02% 4.76%
Trustmark National Bank 4, 0.02% 9.52%
Bankplus 5, 0.02% 4.76%
Primelending 6, 0.03% 4.76%

* Data is compiled for the Tupelo, MS commuting zone area, which comprises of counties of Calhoun County, MS, Chickasaw County, MS, Itawamba County, MS, Lee County, MS, Monroe County, MS, and Pontotoc County, MS. This includes cities/towns/communities of Tupelo, MS as well as Saltillo, MS, Amory, MS, Fulton, MS, Smithville, MS, Pontotoc, MS, Mooresville, MS, Mantachie, MS, Nettleton, MS, Aberdeen, MS, Ecru, MS, Algoma, MS, Sherman, MS, Woodland, MS, Bruce, MS, Thaxton, MS, Guntown, MS, Plantersville, MS, Gattman, MS, Shannon, MS, Pittsboro, MS, Okolona, MS, Houston, MS, New Hamilton, MS, Calhoun City, MS, Derma, MS, and New Houlka, MS. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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