Top Mortgage Lenders in Meridian, MS

Which mortgage lender in the Meridian, MS area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Meridian, MS area by interest rate and market share. Unlike our competitors, we maintain independence by not accepting any compensation from the mortgage lenders we rank. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings.

Going by historical data, the best mortgage lender in the Meridian, MS area in terms of interest rate is Trustmark National Bank, with an average “Rate Difference” of -0.07%. This means that, comparing similar borrowers, Trustmark National Bank provided a -0.07% lower interest rate for its customers than other lenders in the area. Trustmark National Bank has a market share of 27.7%. On the other hand, the most popular lender in the Meridian, MS area is Quicken Loans, with a larger market share of 30.1%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.07% compared to those of other lenders in this area.

Our detailed ranking of mortgage lenders in 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. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.

Ranking of Mortgage Lenders in Meridian, MS

Mortgage Type:
Purchase/Refinance:
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.07%(4.0)27.75%
Navy Federal Credit Union-0.06%(4.0)5.25%
Renasant Bank-0.06%(4.0)7.45%
BancorpSouth Bank-0.04%(3.5)8.29%
Regions Bank0.03%(3.5)13.20%
Community Bank of Mississippi0.06%(3.0)7.95%
Quicken Loans0.07%(3.0)30.12%
Lender NameRate DifferenceRate RatingMarket Share
Renasant Bank-0.05%(3.5)8.16%
Navy Federal Credit Union-0.05%(3.5)8.76%
Trustmark National Bank-0.05%(3.5)39.58%
Community Bank of Mississippi0.00%(3.5)6.04%
BancorpSouth Bank0.02%(3.5)8.76%
Regions Bank0.02%(3.5)8.46%
Quicken Loans0.11%(3.0)20.24%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.15%(4.0)12.69%
BancorpSouth Bank-0.12%(4.0)7.69%
Renasant Bank-0.07%(4.0)6.54%
Navy Federal Credit Union-0.01%(3.5)0.77%
Regions Bank0.03%(3.5)19.23%
Quicken Loans0.04%(3.5)42.69%
Community Bank of Mississippi0.09%(3.0)10.38%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.13%(4.0)20.99%
BancorpSouth Bank-0.07%(4.0)10.20%
Renasant Bank-0.05%(3.5)7.58%
Navy Federal Credit Union-0.02%(3.5)2.62%
Regions Bank0.02%(3.5)19.24%
Community Bank of Mississippi0.06%(3.0)11.66%
Quicken Loans0.10%(3.0)27.70%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.10%(4.0)30.83%
Community Bank of Mississippi-0.01%(3.5)10.53%
Navy Federal Credit Union-0.00%(3.5)6.77%
Regions Bank0.01%(3.5)12.78%
BancorpSouth Bank0.01%(3.5)13.53%
Renasant Bank0.02%(3.5)7.52%
Quicken Loans0.15%(3.0)18.05%
Lender NameRate DifferenceRate RatingMarket Share
Trustmark National Bank-0.16%(4.5)14.76%
BancorpSouth Bank-0.16%(4.5)8.10%
Renasant Bank-0.08%(4.0)7.62%
Regions Bank0.02%(3.5)23.33%
Quicken Loans0.08%(3.0)33.81%
Community Bank of Mississippi0.09%(3.0)12.38%
Lender NameRate DifferenceRate RatingMarket Share
Renasant Bank-0.11%(4.0)9.41%
Trustmark National Bank-0.02%(3.5)38.82%
Community Bank of Mississippi-0.01%(3.5)3.53%
BancorpSouth Bank0.00%(3.5)7.06%
Regions Bank0.02%(3.5)7.06%
Navy Federal Credit Union0.02%(3.5)0.59%
Quicken Loans0.05%(3.0)33.53%
Lender NameRate DifferenceRate RatingMarket Share
Renasant Bank-0.11%(4.0)11.43%
Trustmark National Bank-0.02%(3.5)45.71%
Community Bank of Mississippi-0.02%(3.5)3.57%
BancorpSouth Bank-0.01%(3.5)6.43%
Regions Bank0.01%(3.5)7.86%
Navy Federal Credit Union0.02%(3.5)0.71%
Quicken Loans0.10%(3.0)24.29%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.01%(3.5)76.67%
Community Bank of Mississippi0.01%(3.5)3.33%
Trustmark National Bank0.02%(3.5)6.67%
BancorpSouth Bank0.05%(3.5)10.00%
Regions Bank0.05%(3.5)3.33%
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Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.04%(3.5)26.92%
Trustmark National Bank-0.01%(3.5)33.33%
Quicken Loans0.03%(3.5)33.33%
BancorpSouth Bank0.06%(3.0)2.56%
Community Bank of Mississippi0.07%(3.0)1.28%
Renasant Bank0.07%(3.0)2.56%
Lender NameRate DifferenceRate RatingMarket Share
Navy Federal Credit Union-0.04%(3.5)32.76%
Trustmark National Bank-0.01%(3.5)44.83%
BancorpSouth Bank0.07%(3.0)3.45%
Community Bank of Mississippi0.07%(3.0)1.72%
Quicken Loans0.07%(3.0)15.52%
Renasant Bank0.08%(3.0)1.72%
Lender NameRate DifferenceRate RatingMarket Share
Quicken Loans-0.01%(3.5)85.00%
Navy Federal Credit Union0.03%(3.5)10.00%
Renasant Bank0.04%(3.5)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 of the data is 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 conditional on the commuting zone, 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.

Mortgage Lender Rankings in Other Cities

This page contains information about the top mortgage lenders in the Meridian, MS area. For mortgage lender rankings in other cities, click here.