Mississippi · Q1 2026
What Mississippi borrowers paid in mortgage closing costs in 2025, drawn from FFIEC HMDA filings across 390 lenders.
Published 2026-04-29.
Mississippi · headline
The gap between Mississippi's lowest- and highest-cost ranked lenders in 2025 was $4,683 on a typical loan — borrowers using CMG Financial paid roughly 163% more than borrowers using Regions Bank on similar loans.
Source: FFIEC HMDA 2025 (n=34,123)
In 2025, 390 mortgage lenders originated 34,123 reportable loans in Mississippi according to FFIEC HMDA data. The median borrower paid $5,356 in total loan costs. That is 26.3% above the national median across all 50 states and DC.
Mississippi's median total loan cost was $5,356, 26.3% above the national median of $4,242. On a typical loan, that translates to roughly $1,114 more than borrowers paid in the average state.
Regions Bank posted the lowest median total loan costs at $2,870, 46.4% below the Mississippi median. Across the ranked lenders, 9 earned an A grade against peer averages and 3 fell to D or F.
Lower bars = lower median total loan costs. Hover (or tap) bars for sample size and grade. Bar color groups lenders into cost quartiles.
Lenders below 30 records in Mississippi are excluded from this ranking. See full methodology.
Same 10 lenders as the chart above, ranked here by 2025 HMDA loan count.
| # | Lender | Median total cost | Median origination | Reports | Grade |
|---|---|---|---|---|---|
| 1 | Rocket Mortgage | $5,685 | $3,476 | 2,997 | B |
| 2 | Trustmark Bank | $4,814 | $1,290 | 2,481 | A |
| 3 | Cadence Bank | $4,960 | $1,370 | 1,631 | A |
| 4 | Community Bank of Mississippi | $2,916 | $1,400 | 1,378 | A |
| 5 | Mortgage Research Center, LLC | $3,689 | $2,580 | 1,220 | A |
| 6 | United Wholesale Mortgage | $6,918 | $3,030 | 1,215 | D |
| 7 | Renasant Bank | $5,087 | $1,890 | 1,083 | A |
| 8 | Regions Bank | $2,870 | $1,479 | 1,003 | A |
| 9 | BankPlus | $3,454 | $1,400 | 957 | A |
| 10 | Guild Mortgage | $7,238 | $3,201 | 767 | D |
Mississippi median total loan cost
Mississippi borrowers paid a median $5,356 in total loan costs in 2025, based on 34,123 HMDA-reported loans across 390 lenders.
FFIEC HMDA 2025
Lender spread in Mississippi
In Mississippi, the gap between Regions Bank ($2,870 median) and CMG Financial ($7,553 median) was $4,683 on a typical 2025 loan.
FFIEC HMDA 2025
Mississippi vs. national
Mississippi closing costs ran 26.3% above the national median ($4,242) in 2025.
FFIEC HMDA 2025
The median origination charge in Mississippi was $2,030, with the typical lender clustering tightly around that figure. Discount points appeared on 50% of loans, with a median paid amount of $1,941 when present — meaningful enough that shoppers should ask whether quoted points actually buy down their rate cost-effectively. Lender credits offsetting closing costs were issued on 27% of loans, with a median credit of $200.
Avg $3,123
Median $1,941 when present
Median $200 when issued
HMDA itemizes origination, discount points, and lender credits. Title insurance, recording fees, and transfer tax (relevant in Mississippi) are not separately reported in HMDA — see our state benchmark page for those. See full methodology.
Related pages for Mississippi
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