Applications / Mortgage Analytics / Lenders / Mississippi / First South Farm Credit
Ridgeland, MS · Independent non-bank lender · CFPB · 109 loans in 2025
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109
loans originated, 2025
136
applications, 2025
4
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
First South Farm Credit, a non-bank lender in Ridgeland, Mississippi, that makes only conventional loans in four states centered on Alabama, raised its home lending by 42% in 2025, far faster than similar lenders.
It made 109 loans in 2025, up from 77 the year before. Similar lenders, independent non-bank lenders making between half and twice as many loans, fell 2%, while the whole market grew 10%. Its growth was higher than almost nine in ten similar lenders. The rise took it just past its level of 2020 and 2021, after a dip to 62 loans in 2023.
None of its loans was government-backed, against 16.0% insured by the Federal Housing Administration at the typical similar lender. Some 9.2% were for manufactured homes, where similar lenders made almost none. Refinances were 53.2% of its lending, purchases 40.4% and home improvement 6.4%. Its largest market was non-metro Alabama, and it also lends in non-metro Mississippi.
Its typical loan, $215,000, was lower than the $305,000 of the typical similar lender. Yet 7.3% of its loans were jumbo (larger than the conforming limit), a share higher than almost all similar lenders.
It first lent in Baton Rouge in 2023 and in Lake Charles in 2025, both in Louisiana. Its shares remain small: 0.7% in Gadsden, up from 0.0%, and 0.3% in Tuscaloosa, up from 0.1%. In non-metro Alabama it ranked 94 of 523 lenders.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. First South Farm Credit took 136 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 53.2% · Purchase 40.4% · Home improvement 6.4%
Conventional 100.0% · of 109 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Alabama | 79 | 72.5% |
| Mississippi | 18 | 16.5% |
| Louisiana | 11 | 10.1% |
| Tennessee | 1 | 0.9% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Auburn-Opelika | 7 |
| Birmingham | 7 |
| Dothan | 6 |
| Decatur | 4 |
| Jackson | 4 |
| Montgomery | 4 |
| Tuscaloosa | 4 |
| Gadsden | 3 |
| Anniston-Oxford | 2 |
| Baton Rouge | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300W76QLF060CER73 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 2496036 | 2023–2023 |
Established 1 January 2001. Reported under HMDA 2018-2025.
Mergers, name changes, data editions and corrections: First South Farm Credit's data.
First South Farm Credit's data
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First South Farm Credit and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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