What loan types does BankPlus offer?

BankPlus offers the following mortgage loan types: FHA, Conventional, VA, Jumbo, usda. Each product has its own pricing score and performance metrics.

Where does BankPlus offer mortgages?

BankPlus offers mortgages in 14 states: AL, FL, GA, IL, KY, LA, MO, MS, NC, OK, SC, TN, TX, VA.

How competitive are BankPlus's mortgage rates?

BankPlus has an overall pricing score of 72.8/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is BankPlus?

BankPlus is a Bank headquartered in Belzoni, MS.

Unclaimed

BankPlus

Bank•Belzoni, MS•Direct to Consumer

We analyzed every closed loan from Bankplus — 1.2k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Strong

vs. all lenders

Pull Through

Strong

closing strength

Products

Strong

FHA · Conventional · VA · Jumbo · USDA

Place

Sound

Multi-Region · 14 mkts

Safe Rate Awards⭐Conventional Superstar⭐FHA Superstar⭐VA Superstar⭐Purchase Superstar⭐Refinance Superstar

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Safe Rate's Summary

What They Do Well

Competitive pricing compared to the market
Lower than average lender fees
Strong pull through performance
Particularly strong in Conventional and FHA and VA and Jumbo and USDA loans

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Report Card

BankPlus performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Strong	Highly Competitive +9.9 bps above market avg
Pull Through Closing strength	Strong	Highly Competitive Top 40% of lenders
By Loan Product· Specialization by type
Conventional	Strong	Highly Competitive Top 40% of lenders
FHA	Strong	Highly Competitive Top 40% of lenders
VA	Strong	Highly Competitive Top 40% of lenders
Jumbo	Strong	Highly Competitive Top 40% of lenders
USDA	Strong	Highly Competitive Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Strong	Highly Competitive Top 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Sound	Industry Standard Top 60% of lenders Multi-Regional15 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Strong	Strong	Strong	915	78.5%	+0.142%Above	$1,471Fees
FHA Loans	Strong	Strong	Exceptional	Sound	114	9.8%	+0.136%Above	$877Fees
VA Loans	Strong	Strong	Exceptional	Strong	66	5.7%	-0.478%Below	$306Fees
Jumbo Loans	Strong	Strong	—	Strong	51	4.4%	+0.139%Above	$4,736Fees
USDA Loans	Strong	Strong	—	Strong	19	1.6%	-0.082%Below	$1,035Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Strong	Sound	940	80.7%	+0.090%Above	$1,370Fees
Refinance	Strong	Strong	Sound	Strong	225	19.3%	+0.150%Above	$1,374Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,165

Applications

1,705

Volume

$394 million

Pricing & Closing

Avg Rate Spread

+0.099%

vs. market APOR

Avg Net Fees

$1,371

Origination − Credits

Pullthrough Rate

68.3%

Applications → Closed

Typical Borrower

Avg Loan Amount

$338,845

Avg Borrower Income

$230,942

Avg Property Value

$465,979

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Sound

States with Loan Originations

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Top Metro Areas by Place Specialization Score

Jackson, MS, MSMSA

Volume: 318Mix: 27.30%of portfolio

Place

Exceptional

Crestview, FLMSA

Volume: 96Mix: 8.24%of portfolio

Place

Exceptional

Mobile, AL, ALMSA

Volume: 54Mix: 4.64%of portfolio

Place

Strong

Dothan, AL, ALMSA

Volume: 27Mix: 2.32%of portfolio

Place

Strong

Daphne, ALMSA

Volume: 40Mix: 3.43%of portfolio

Place

Strong

New Orleans, LAMSA

Volume: 37Mix: 3.18%of portfolio

Place

Strong

Memphis, TNMSA

Volume: 41Mix: 3.52%of portfolio

Place

Sound

Panama City, FLMSA

Volume: 21Mix: 1.80%of portfolio

Place

Sound

Pensacola, FLMSA

Volume: 16Mix: 1.37%of portfolio

Place

Sound

Hammond, LA, LAMSA

Volume: 10Mix: 0.86%of portfolio

Place

Sound

Showing 10 of 14 metro areas

Top States by Place Specialization Score

MSState

Volume: 753Mix: 64.64%of portfolio

Place

Exceptional

ALState

Volume: 158Mix: 13.56%of portfolio

Place

Strong

LAState

Volume: 75Mix: 6.44%of portfolio

Place

Strong

FLState

Volume: 142Mix: 12.19%of portfolio

Place

Strong

TNState

Volume: 15Mix: 1.29%of portfolio

Place

Sound

How We Rank Lenders

Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.

Our Point System (Max 30 Points)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.