Top Mortgage Lenders in the Meridian, MS area

Which mortgage lender in the Meridian, 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 Meridian, 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 Meridian, MS area is Trustmark National Bank, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.07%. This means that Trustmark National Bank provided a -0.07% lower interest rate for its customers than other lenders in Meridian, MS for a similar set of borrowers. Trustmark National Bank has a market share of 27.7%. On the other hand, the most popular lender in the market is Quicken Loans, with a market share of 30.1%. Quicken Loans is an average rate lender in this area, with a “Rate Difference” of +0.07% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Meridian, 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 Meridian, MS is Trustmark National Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Renasant Bank. The cheapest VA mortgage provider is Navy Federal Credit Union. Nevertheless, to get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders 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, -0.07% 27.75%
Navy Federal Credit Union 2, -0.06% 5.25%
Renasant Bank 3, -0.06% 7.45%
BancorpSouth Bank 4, -0.04% 8.29%
Regions Bank 5, 0.03% 13.20%
Community Bank Of Mississippi 6, 0.06% 7.95%
Quicken Loans 7, 0.07% 30.12%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, -0.05% 8.16%
Navy Federal Credit Union 2, -0.05% 8.76%
Trustmark National Bank 3, -0.05% 39.58%
Community Bank Of Mississippi 4, 0.00% 6.04%
BancorpSouth Bank 5, 0.02% 8.76%
Regions Bank 6, 0.02% 8.46%
Quicken Loans 7, 0.11% 20.24%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.15% 12.69%
BancorpSouth Bank 2, -0.12% 7.69%
Renasant Bank 3, -0.07% 6.54%
Navy Federal Credit Union 4, -0.01% 0.77%
Regions Bank 5, 0.03% 19.23%
Quicken Loans 6, 0.04% 42.69%
Community Bank Of Mississippi 7, 0.09% 10.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.13% 20.99%
BancorpSouth Bank 2, -0.07% 10.20%
Renasant Bank 3, -0.05% 7.58%
Navy Federal Credit Union 4, -0.02% 2.62%
Regions Bank 5, 0.02% 19.24%
Community Bank Of Mississippi 6, 0.06% 11.66%
Quicken Loans 7, 0.10% 27.70%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.10% 30.83%
Community Bank Of Mississippi 2, -0.01% 10.53%
Navy Federal Credit Union 3, -0.00% 6.77%
Regions Bank 4, 0.01% 12.78%
BancorpSouth Bank 5, 0.01% 13.53%
Renasant Bank 6, 0.02% 7.52%
Quicken Loans 7, 0.15% 18.05%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Trustmark National Bank 1, -0.16% 14.76%
BancorpSouth Bank 2, -0.16% 8.10%
Renasant Bank 3, -0.08% 7.62%
Regions Bank 4, 0.02% 23.33%
Quicken Loans 5, 0.08% 33.81%
Community Bank Of Mississippi 6, 0.09% 12.38%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, -0.11% 9.41%
Trustmark National Bank 2, -0.02% 38.82%
Community Bank Of Mississippi 3, -0.01% 3.53%
BancorpSouth Bank 4, 0.00% 7.06%
Regions Bank 5, 0.02% 7.06%
Navy Federal Credit Union 6, 0.02% 0.59%
Quicken Loans 7, 0.05% 33.53%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Renasant Bank 1, -0.11% 11.43%
Trustmark National Bank 2, -0.02% 45.71%
Community Bank Of Mississippi 3, -0.02% 3.57%
BancorpSouth Bank 4, -0.01% 6.43%
Regions Bank 5, 0.01% 7.86%
Navy Federal Credit Union 6, 0.02% 0.71%
Quicken Loans 7, 0.10% 24.29%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 76.67%
Community Bank Of Mississippi 2, 0.01% 3.33%
Trustmark National Bank 3, 0.02% 6.67%
BancorpSouth Bank 4, 0.05% 10.00%
Regions Bank 5, 0.05% 3.33%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.04% 26.92%
Trustmark National Bank 2, -0.01% 33.33%
Quicken Loans 3, 0.03% 33.33%
BancorpSouth Bank 4, 0.06% 2.56%
Community Bank Of Mississippi 5, 0.07% 1.28%
Renasant Bank 6, 0.07% 2.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Navy Federal Credit Union 1, -0.04% 32.76%
Trustmark National Bank 2, -0.01% 44.83%
BancorpSouth Bank 3, 0.07% 3.45%
Community Bank Of Mississippi 4, 0.07% 1.72%
Quicken Loans 5, 0.07% 15.52%
Renasant Bank 6, 0.08% 1.72%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Quicken Loans 1, -0.01% 85.00%
Navy Federal Credit Union 2, 0.03% 10.00%
Renasant Bank 3, 0.04% 5.00%

* Data is compiled for the Meridian, MS commuting zone area, which comprises of counties of Clarke County, MS, Kemper County, MS, Lauderdale County, MS, Leake County, MS, Neshoba County, MS, Newton County, MS, Scott County, MS, and Winston County, MS. This includes cities/towns/communities of Meridian, MS as well as Forest, MS, Louisville, MS, Philadelphia, MS, Newton, MS, Redwater, MS, Collinsville, MS, Union, MS, Morton, MS, Hickory, MS, Enterprise, MS, Hillsboro, MS, Noxapater, MS, Tucker, MS, Toomsuba, MS, Bogue Chitto, MS, Standing Pine, MS, Walnut Grove, MS, Shubuta, MS, Scooba, MS, Bogue Chitto, MS, Quitman, MS, and Pearl River, 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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